March 26, 2020 / 12:21 PM / 7 days ago

BRIEF-ABM Industries Provides Business Update

March 26 (Reuters) - ABM Industries Inc:

* ABM INDUSTRIES PROVIDES BUSINESS UPDATE

* ABM INDUSTRIES - TEMPORARILY SUSPENDED ALL FURTHER SHARE REPURCHASES GIVEN CURRENT ENVIRONMENT

* ABM INDUSTRIES - ELECTED TO FULLY DRAW ON REMAINING LINE OF CREDIT ADDING ABOUT $300 MILLION OF CAPACITY ONTO ITS BALANCE SHEET

* ABM INDUSTRIES - GIVEN NATURE OF COVID-19 PANDEMIC, WITHDRAWING PREVIOUSLY ISSUED FISCAL 2020 GUIDANCE OUTLOOK

* ABM INDUSTRIES INC - ABM’S OPERATIONS HAVE BEEN DEEMED ‘ESSENTIAL SERVICE’ BY APPLICABLE GOVERNING AUTHORITIES Source text for Eikon: Further company coverage:

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