771497--12/22/2006--ABM_INDUSTRIES_INC_/DE/

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{cost, operation, labor}
{customer, product, revenue}
{loan, real, estate}
{competitive, industry, competition}
{acquisition, growth, future}
Acquisition activity could slow or be unsuccessful. The Company could experience labor disputes that could lead to loss of sales or expense variations. A decline in commercial office building occupancy and rental rates could affect the Company s sales and profitability. The financial difficulties or bankruptcy of one or more of the Company s major customers could adversely affect results. The Company s success depends on its ability to preserve its long-term relationships with its customers. The Company is subject to intense competition that can constrain its ability to gain business and its profitability. An increase in costs that the Company cannot pass on to customers could affect profitability.

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