ABM INDUSTRIES INC DE
For the period ended Apr 30, 2024. Filed Jun 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Apr 30, 2024 · Filed Jun 6, 2024
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Item 1A. RISK FACTORS
There have been no material changes to the risk factors identified in our Annual Report on Form 10-K for the year ended October 31, 2023, in response to Item 1A., “Risk Factors,” of Part I of the Annual Report.
Common Stock Repurchases
Effective December 13, 2023, our Board of Directors expanded our existing share repurchase program by an additional $150.0 million. Share repurchases may take place on the open market or otherwise, and all or part of the repurchases may be made pursuant to Rule 10b5-1 plans or in privately negotiated transactions. The timing of repurchases is at our discretion and will depend upon several factors, including market and business conditions, future cash flows, share price, share availability, and other factors. Repurchased shares are retired and returned to an authorized but unissued status. The repurchase program may be suspended or discontinued at any time without prior notice.
The following table sets forth, for the months indicated, our purchases of common stock in the second quarter of fiscal year 2024:
| (in millions, except per share amounts) | Total Number of Shares Purchased | Average Price Paid per Share(1) | Total Number of Shares Purchased as Part of Publicly Announced Plan | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plan |
|---|---|---|---|---|
| Period | ||||
| 2/01/2024-2/29/2024 | — | $— | — | $210.3 |
| 3/01/2024-3/31/2024 | 0.6 | $42.84 | 0.6 | $186.5 |
| 4/01/2024-4/30/2024 | — | $— | — | $186.5 |
| Total | 0.6 | $42.84 | 0.6 | |
(1) Average price paid per share does not include any excise tax for stock repurchases as part of the Inflation Reduction Act of 2022.
None.
Not applicable.
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