ABM — what changed in the latest 10-Q
A section-by-section comparison of ABM's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-09-08 vs the prior 10-Q · 2026-06-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +67 | −70 | ~12 | 31 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-09-08
•We had an increase in operating profit of $8.1 million, to $91.5 million, during the three months ended July 31, 2026, as compared to the prior year period. The increase was primarily attributed to an increase in revenues and a decrease in certain general and administrative compensation expenses, p…
•Our effective tax rates for the three months ended July 31, 2026, and July 31, 2025, were 21.3% and 29.6%, respectively. Our effective tax rate for the three months ended July 31, 2026, was reduced by discrete tax benefits, primarily related to research and development tax credits and enhanced WOTC…
•Net cash provided by operating activities was $275.0 million for the nine months ended July 31, 2026, as compared to $101.0 million for the nine months ended July 31, 2025. The $174.0 million improvement was primarily driven by favorable working capital changes, including improved cash collections,…
•Dividends of $51.2 million were paid to shareholders, and dividends totaling $0.87 per common share were declared during the nine months ended July 31, 2026.
•At July 31, 2026, total outstanding borrowings were $1.8 billion. At July 31, 2026, we had up to $495.3 million of borrowing capacity.
Text removed vs the prior filing · source: 10-Q · 2026-06-05
•We had an increase in operating profit of $4.6 million, to $86.9 million, during the three months ended April 30, 2026, as compared to the prior year period. The increase was primarily attributed to increase in revenues and decrease in certain discrete transformational costs under our ELEVATE strat…
◦restructuring charges incurred during the second quarter of 2026 under our Restructuring Program.
•Our effective tax rates for the three months ended April 30, 2026, and April 30, 2025, were 27.9% and 29.4%, respectively, and were not impacted by any significant discrete items. Our effective tax rates for the six months ended April 30, 2026 and April 30, 2025 were 26.8% and 25.6%, respectively. …
•Net cash provided by operating activities was $128.2 million for the six months ended April 30, 2026, as compared to cash used in operating activities of $73.9 million for the six months ended April 30, 2025. The $202.1 million improvement was primarily driven by favorable working capital changes, …
•Dividends of $34.2 million were paid to shareholders, and dividends totaling $0.580 per common share were declared during the six months ended April 30, 2026. Additionally, we repurchased 0.1 million shares for $3.0 million, excluding excise taxes, during the three months ended April 30, 2026.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice