December 9, 2022

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Business is my step

ABM Industries Announces Fourth Quarter and Whole 12 months 2020 Economic Benefits | Revenue

4 min read

Cautionary Statement less than the Personal Securities Litigation Reform Act of 1995

This push launch consists of equally historical and forward-looking statements about ABM Industries Included (“ABM”) and its subsidiaries (collectively referred to as “ABM,” “we,” “us,” “our,” or the “Company”). We make ahead-on the lookout statements similar to upcoming expectations, estimates and projections that are uncertain, and usually have terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “likely,” “may,” “outlook,” “plan,” “predict,” “should,” “target,” or other very similar text or phrases. These statements are not guarantees of long run overall performance and are topic to known and unfamiliar risks, uncertainties, and assumptions that are difficult to forecast. For us, unique uncertainties that could trigger our real success to be materially distinctive from people expressed in our ahead-wanting statements include things like: The COVID-19 pandemic has experienced and is predicted to go on getting a destructive effect on the world-wide economy, and the United States economic climate, and it has disrupted and is anticipated to proceed disrupting our functions and our clients’ functions, which has adversely impacted and may possibly go on to adversely affect our company, success of functions, income flows, and economical situation our achievements depends on our capacity to get rewarding business even with aggressive current market pressures our small business good results depends on our skill to catch the attention of and retain certified staff and senior management and to manage labor charges our means to maintain prolonged-term consumer associations is critical to our ongoing success improvements to our companies, operating structure, financial reporting structure, or staff relating to the implementation of strategic transformations, improved small business processes, and technologies initiatives may not have the wanted outcomes on our money ailment and effects of operations acquisitions, divestitures, and other strategic transactions could are unsuccessful to attain money or strategic targets, disrupt our ongoing small business, and adversely influence our final results of functions our intercontinental enterprise entails pitfalls distinctive from these we encounter in the United States that could have an result on our benefits of operations and economic condition our use of subcontractors or joint undertaking partners to perform perform underneath consumer contracts exposes us to legal responsibility and financial threat we handle our insurable dangers as a result of a blend of third-get together bought policies and self-insurance plan, and we retain a sizeable part of the chance connected with anticipated losses beneath these packages, which exposes us to volatility involved with all those hazards, which includes the likelihood that modifications in estimates to our top insurance plan loss reserves could consequence in materials fees towards our earnings our hazard administration and basic safety systems may not have the supposed influence of decreasing our legal responsibility for private injury or property decline we may working experience breaches of, or disruptions to, our data engineering units or those people of our 3rd-celebration suppliers or purchasers, or other compromises of our details that could adversely have an impact on our company unfavorable developments in our class and representative actions and other lawsuits alleging different statements could lead to us to incur sizeable liabilities a considerable range of our workforce are included by collective bargaining agreements that could expose us to potential liabilities in relation to our participation in multiemployer pension options, requirements to make contributions to other reward designs, and the potential for strikes, operate slowdowns or very similar activities, and union organizing drives our small business may be materially impacted by alterations to fiscal and tax procedures negative or sudden tax repercussions could adversely influence our outcomes of operations modifications in general economic circumstances, such as variations in vitality prices, governing administration regulations, or purchaser tastes, could lessen the desire for facility solutions and, as a result, lessen our earnings and adversely influence our economical situation potential will increase in the stage of our borrowings or in interest premiums could have an effect on our results of functions impairment of goodwill and long-lived assets could have a product adverse outcome on our monetary ailment and benefits of functions if we fail to manage right and powerful inner manage more than economical reporting in the foreseeable future, our potential to develop accurate and timely money statements could be negatively impacted, which could damage our running results and investor perceptions of our Company and as a consequence may possibly have a materials adverse effect on the worth of our frequent stock our enterprise might be negatively impacted by adverse climate conditions catastrophic functions, disasters, and terrorist assaults could disrupt our companies actions of activist investors could disrupt our company. For more data on these and other pitfalls and uncertainties we facial area, see ABM’s threat elements, as they may be amended from time to time, established forth in our filings with the Securities and Trade Commission, which include our most modern Once-a-year Report on Sort 10-K and subsequent filings. We urge readers to take into account these dangers and uncertainties in evaluating our forward-wanting statements. We caution audience not to put undue reliance on any these kinds of ahead-wanting statements, which communicate only as of the date produced. We undertake no obligation to publicly update any ahead-hunting statements, regardless of whether as a result of new details, foreseeable future functions, or in any other case, other than as expected by regulation.

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