ABM's Energy Solutions to Improvise Public Buildings

ABM Building & Energy Solutions, a division of ABM Industries Inc.'s ABM Facility Solutions Group, recently announced that it will initiate energy and facility improvements at public buildings throughout Wyoming County in Pennsylvania.

Under this program, ABM will upgrade heating, ventilation and air conditioning (HVAC) systems as well as integrate building automation and PC management systems at the courthouse. It aims to improve the energy efficiency by installing advanced HVAC systems with high efficiency boilers to regulate energy usage.  This program is likely to help Wyoming County save $3.9 million in energy and operating costs over the next 15 years and lower utility costs by approximately 33%.

The company aims to provide efficient and cost-effective solutions to its clients and give advice on solutions that reduce energy and operating costs without impacting tax payers. This program is also in sync with its vision of becoming a single-source service provider for all facility services.

ABM, a leading provider of facility solutions, provides engineering, janitorial, parking, and security services to thousands of commercial, industrial, institutional, and retail facilities. The company has realigned its operational structure to an on-site, mobile and on-demand market based structure. This realignment has improved its long-term growth prospects and provides higher margin opportunities by enabling it to better deliver end-to-end services to its clients across urban, suburban and rural areas.

ABM currently holds a Zacks Rank #2 (Buy). Other stocks that look promising and are worth a look include Team, Inc. TISI, carrying a Zacks Rank #1 (Strong Buy), along with ServiceMaster Global Holdings, Inc. SERV and Campbell Soup Company CPB, both carrying a Zacks Rank #2 (Buy).

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