Good day, ladies and gentlemen, and welcome to the ABM Industries Third Quarter Fiscal Year 2013 Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I will now turn the call over to your host, Henrik Slipsager. Please go ahead.

Thank you. Joining me today are Jim Lusk, Executive Vice President and Chief Financial Officer; Jim McClure, Executive VP; Tracy Price, Executive VP; and Sarah McConnell, our Senior VP and General Counsel. Today I'll provide an overview of the 2013 third quarter, which ended July 31. Jim Lusk will discuss the details of our financial results. Mr. McClure will provide an update of our on-site businesses, and Tracy will comment on the company's operational results for Building & Energy Solutions, as well as our sales and marketing initiatives. I will then comment on the Air Serv performance for the quarter and then conclude our prepared remarks with an update on guidance for fiscal 2013. There's a slide presentation that accompanies today's call. You may access this presentation now by going to our website at www.abm.com, and under the tab Investors, you will see the Event & Presentation tab. Today's presentation will be the first listed. Sarah?

Thank you, Henrik. Please turn to Slide 2 of the presentation. Before we begin, I need to tell you that our presentation today contains predictions, estimates and other forward-looking statements. Our use of the words estimate, expect and similar expressions are intended to identify these statements. These statements represent our current judgment of what the future holds. While we believe them to be reasonable, these statements are subject to risks and uncertainties that could cause our actual results to differ materially. These factors are described in the slide that accompanies this presentation. During the course of this presentation, certain non-GAAP financial information will be presented. A reconciliation of those numbers to GAAP financial measures is available at the end of the presentation and on the company website under the Investors tab.

Thank you, Sarah. Now please turn to Slide 4 for an overview of our third quarter. We continue to be encouraged by our operating results, starting with $1.22 billion in revenues are very good for the third quarter and up nearly 13% from the same period last year. And organic growth for the quarter on a consolidated basis was approximately 3%. Adjusted income from continuing operations per diluted share was up 11%, and net income per diluted share was up 26%, as it benefited from recent acquisitions and new business. Adjusted EBITDA was up nearly 15% to $57.2 million, and year-to-date up 17% at $148 million. We are positioned above the peers, the $200 million mark in adjusted EBITDA for the first time in the company's 100-plus year history. With another strong quarter of cash flow, we reduced our outstanding debt by $36 million. Free cash flow for the 9 months ended July 31 was $63 million, up $3 million compared to 2012. And we announced yesterday a quarterly cash dividend of $0.15 per common share. This marked our 190th consecutive dividend. Now I'd like to turn over the call to Jim Lusk for a financial review of our third quarter. Jim?

Thank you, Henrik. Good morning, everyone. Turning to Slide 5. Revenues of $1.22 billion for the third quarter were up 12.8% compared to the prior year. This was due to sales contributions from our November acquisitions, which continued to exceed our initial expectations, and organic growth on a consolidated basis of 3%. Jim McClure and Tracy will provide some additional comments behind the improvement in our top line. Gross margins for 2013 third quarter were 9.94%, essentially flat compared to fiscal 2012, primarily due to costs associated with ramping up new jobs in Janitorial and Air Serv. SG&A expense for the third quarter increased $6.2 million to $85.3 million as a result of $4 million of incremental SG&A from acquisitions and $2.4 million primarily associated with investments in marketing and sales initiatives, which we believe will help to drive our long-term growth. As previously communicated, cost-saving synergies on our on-site businesses are funding these initiatives. As a percentage of revenues, SG&A expense decreased by 32 basis points to 7%. Amortization of intangible assets for the second quarter increased by $1.6 million to $7 million. The increase was primarily related to intangible asset amortization expense from the November acquisitions. Interest expense increased $0.9 million to $3.3 million from $2.4 million in the 2012 third quarter. The increase was from higher average borrowings to fund the November acquisitions. The average outstanding balance under the company's line of credit was $401.4 million during the quarter compared to an average balance of $283 million in the prior year ago quarter. As mentioned in the second quarter call, we entered into a series of interest rate swap agreements totaling a notional amount of $155 million. Our effective tax rate on income from continuing operations for the third quarter of 2013 was 40.4% compared to 41.3%…

Thank you, Jim. Please go to Slide 7 and 8, and I will provide some operational highlights of our on-site services for the third quarter before turning the call over to Tracy for an update on Building & Energy Solutions. Janitorial revenues increased 3.2% compared to the third quarter of 2012 due to new business on our -- and our continued focus on client retention. This is the first time we've experienced organic growth over 3% since 2008. We continue to benefit from the improvement in sales across many of our regions, in particular the South Central and Midwest, as well as certain verticals. Our scale, technology and breadth of capabilities, coupled with the investments we are making and growth initiatives, are continuing the improvement in the Janitorial revenue trends. Operating profit was $34.4 million, down slightly by $0.5 million compared to the third quarter of 2012. The decrease in operating profit is related to costs associated with the new business we began in the quarter. These expenses, which we alluded to on our second quarter call, will diminish over time. I anticipate the fourth quarter -- in the fourth quarter, we will continue to see very good sales activity and expect Janitorial to finish a very strong fiscal 2012. Turning to Facility Services. Revenues were up 6.3% compared to the third quarter of 2012 due to an increased scope of business from existing clients and new jobs. Operating profit was strong, with an increase of 21.5% from the improved mix of jobs and effective cost controls, which contributed a 57-basis-point increase in operating margins to 4.6%. We expect fourth quarter revenue growth compared with 2012 to trend lower, although recent operating profit trends should continue and sales growth should pick up in the first quarter of 2014 -- fiscal…

Thanks, Jim. Continuing on Slide 7 and 8, I will provide an update of our Building & Energy Solutions segment, which includes ABES, Government services and our recent acquisition of HHA Services. Revenues increased $18.7 million or 21.6% to $104.9 million, as we benefited from the acquisition of HHA, an increase in service and maintenance contracts, which includes energy projects, as well as recently announced Memorial Health contract. The acquisition of HHA contributed $13.5 million; and the ABES business, another $10.5 million from a combination of organic growth and revenue from Calvert Jones acquisition. ABES revenue for the quarter was $60.7 million, which was up 20.7% compared to the third quarter of fiscal 2012, an excellent quarter for the ABES team and reflective of the record backlog and sales we mentioned on the second quarter call. With year-over-year growth and revenue by ABES, contributions from HHA and improvement in margins associated with our Government Services, Building & Energy Solutions achieved operating profit of $6.7 million, an increase of 82.5%, outstanding results, and we are well positioned for a successful fourth quarter as strong sales momentum and improving margins are anticipated to remain intact. We continue to make good progress integrating the HHA acquisition and remain very pleased with their pipeline of new business and client retention. Turning to Slide 9, I want to mention a couple of the sales and marketing highlights from the past quarter. We recently announced sales wins in our Healthcare and Government verticals. ABM Health is providing clinical engineering and healthcare technology under a long-term contract to Memorial Healthcare System in Florida. ABM Health is part of ABM's Healthcare Support Services business that joins together 3 healthcare service leaders: ABM Health, Healthcare Parking Systems of America and HHA Services, which provide a range of clinical engineering and healthcare technologies, environmental services, facility management, patient observation, food service, hospitality, parking and security. MHS is the second-largest public healthcare system in the country. With this business, our Healthcare vertical is generating in excess of $200 million in annual revenue. We now feel, given the breadth of our services, especially with the addition of HHA, that ABM is uniquely positioned to accelerate growth in this specialized area. In our Government vertical, we were able to secure some new business with the contract by the Department of the Navy to provide base operations service support at its Sigonella, Italian air station and outlying support sites in Italy through a 50/50 joint venture with Derichebourg Multi-Services. We continue to make good progress on our sales and marketing initiatives, enthusiasm and collaboration remain high, and the investments we've made over the past 2 years are helping to drive the increase in our revenue. And with that, I will turn the call back to Henrik.

Thank you, Tracy. Before discussing our outlook for the remainder of fiscal 2013, I want to say a few words about Air Serv. This segment, listed as Others in our financials, generated $86.8 million in revenue and $3.8 million in operating profit, both of which exceeded our expectations for the third quarter. The operating profit includes amortization expense of $1.5 million and depreciation expenses of $1.6 million. We continue to be very excited about the opportunities in the aviation industry. We recently announced the small acquisition that augments our Ambassador program at Heathrow Airport. As we discussed on the second quarter call, we started the Ambassador program in July, and we expect this job will add approximately $10 million to $12 million annually in revenue. Please now turn to Slide 11 for a review of our financial guidance for 2013. Based on our year-to-year -- year-to-date performance and current outlook, the company is moving guidance to the upper range. $1.26 to $1.31 for income from continuing operations per diluted share, $1.45 to $1.50 for adjusted income from continuing operations per diluted share. Annual depreciation and amortization expense, because of the acquisitions made in November, is still expected to increase approximately $15 million to $17 million from fiscal 2012. Interest expense is anticipated to be $13 million to $14 million. And we continue to anticipate an effective tax rate of 36% to 38% for 2013, up from 32.3% in fiscal 2012. At this time, we would like to open the call for questions. Operator, please.

[Operator Instructions] Our first question comes from David Gold with Sidoti. David Gold - Sidoti & Company, LLC: I wanted to just go over with you the organic growth, particularly in Janitorial, impressive and a nice step-up there. And with Securities, if you could add a little bit of color there, I guess, just really want to get a better sense for how much of that is pure market share gains, how much would you attribute to the economy and how much would you attribute to pricing environment maybe getting a little easier.

First of all, the pricing environment is not getting easier. I wish it was, but it's not. And normally, you would see very little pricing activity in this particular quarter, most union agreements and other increases will be more year-end oriented. Number two is the environment, the benefit of the environment, I really think it has very, very limited impact as well. So I would say 2 things drives the growth. I think Jim and his team has been very successful in controlling loss of contracts, which remains very low. And at the same time, we've seen success in sales at the level we haven't seen before. This quarter was a very busy quarter. They started up a lot of stuff. And the reason we feel very comfortable about the opportunity for the fourth quarter is, a lot of the business we started, it started in the latter part of the quarter, so it's going to have the full effect the next quarter. David Gold - Sidoti & Company, LLC: Got you. Okay. So it sounds like for the most part, you attribute it really to market share gains, so to speak.

Yes. David Gold - Sidoti & Company, LLC: Okay, perfect. And then can you talk a little bit about -- I know you started a nice large contract in the month of July. Can you talk a little bit about contribution from the newer contracts in the quarter and then how that -- yes, how that basically should look in the fourth quarter?

Well, the Ambassador contract at Heathrow was one of the bigger ones. I really don't want to go too much into details about exact profit sizes. But what you normally will see is a contract like that will start to generate sizable profit after the first 6 to 9 months of -- the expected profit. The first 3 months is normally associated with start-up expenses, training, et cetera. Same thing with most of the other Janitorial works. So I will say the profitability on the new business will start to show in the fourth quarter, but we really expect next year to be impacted more on the profit side of new business. David Gold - Sidoti & Company, LLC: Got you. Okay, perfect. And then just one last. So if we think about the sales reorganization, it seems to be making a nice headway, but anything that you can point to, yes, a little more tangible as to either new wins or successes there?

Well, we have a number of new wins. The interesting part is the sales team we have in place now and the cooperation we see throughout the company is generating a lot of activity. This activity level will eventually end up in giving us growth that we haven't seen in the past. Some of these jobs that we have put on, that activity has started maybe 6 months, 12 months or 18 months ago. So not everything is associated with the new organization, but I'm very excited with the way they are moving ahead. We can't give you any tangible explanations other than saying the activity level is at an all-time high compared to what I've seen in the past.

Our next question comes from Joe Box with KeyBanc Capital Markets.

I just have a question on the consolidation of locations. I think, Jim, you mentioned earlier that you're seeing more growth within the South Central and the Midwest regions, which I know are regions that you're in the process or you've completed the consolidation. One, can you just give us a sense on the growth rates here versus some of your other unconsolidated regions? And two, other than the revenue growth, is there anything that you could point to that suggests that the strategy is working?

Yes. The growth rates in South Central predominantly are probably double that of our on-site growth. We started that consolidation rollout first. It's complete. We're experiencing the positive profit pickups of those consolidations and where -- as we implement all of the backroom operations, it's bringing a level of collaboration into this operation to where everyone's on the same team selling across lines. And that momentum, we're very excited with that momentum in the South Central as we continue to roll out and get some traction in the Midwest and the Northeast and then finally, the West. I think, everything that we anticipated with that on-site strategy is hitting at all cylinders, and we're very positive on what we're looking for also in 2014.

Great. And so would you consider the doubling of growth rates within the South Central, is that solely a function of the collaboration there or is it just -- by chance, if that happens, to be maybe the strongest region geographically.

I think it's a little of both. You've got some good wins with the collaboration, and we've had some big opportunities come our way, and that's more of a timing issue, but it's both.

Okay, great. And just a follow-up on David's question on organic growth. Obviously, you guys did a nice sequential acceleration to 3% from 2%. Can you maybe just flush out how much of that growth is coming from your new contract starts that you're talking about as opposed to maybe growth at your existing customers or better customer retention?

Well, the retention number definitely helps. And the other majority of that is coming from new customers with -- the trailing modifier of that being the growth of existing clients. So we're seeing a lot of good, bigger opportunities on the customer side. And as we hold on to the business we have at a more successful rate that will drive the growth. So those 2 areas are the drivers.

Great. And Tracy, I think last quarter, you alluded to a number of sizable potential government contracts that could materialize in the back half of this year. Can you just maybe put some color around that, if you've -- if you signed any of those contracts and maybe what the pipeline looks like going forward?

Yes, I don't know specifically which ones you're alluding to, but we have had some government wins. I think the Government business is slated to be near plan at year-end. We're always hopeful that, between sequestration and the other things happening around the world, that we're going to see some normalcy. But it's still a bit opaque. But they are holding their own. The pipeline and the bid rates are comparable to where they were last year, so we're anticipating year-over-year growth in that business going forward.

Our next question comes from Dan Dolev with Jefferies.

I've got 3 questions hopefully quick. So the first one is on Janitorial. It looks like the comps in 4Q are more difficult. So I think it's going from like 0.6 organic last year to 1.3. Do you expect growth to accelerate from that 3.2% benchmark or stay roughly the same in the fourth quarter?

It really accelerated simply due to the fact that we started up a lot of contracts in the latter part of the quarter. It's going to have a full quarter impact in the fourth quarter. So the 3.2%, I think, will be in excess of 4%.

Excess of 4% in the fourth quarter?

Yes, Dan.

Okay, excellent. And 2 quick more -- 2 more quick questions. On the Parking, if I remember correctly, you did -- this seems to be falling a little bit behind expectations. And I hope I'm not wrong, it seems that the last -- in the last quarter, you said that H2 will be looking very good and something just happened. Can you maybe talk about a little bit of what actually happened? And is there a chance that this is something that's maybe more structural? And if not, then why not?

Parking is slightly behind plan on sales but on plan, on expectations, on the profit side. As a matter of fact, I'm very proud of what they have accomplished this year. And the activity that we've seen and the new business we've signed up will come into effect in the fourth quarter. I think Jim alluded to the fact that we do expect growth year-over-year in the fourth quarter in Parking. A lot of it has to do with timing, and sometimes you expect to get a business in the second quarter, it drags a bit, then you get it in the fourth quarter. So overall Parking is living up to our expectations. We got a great team there, and they seem to be on the right track. So both profit-wise and sales-wise in the fourth quarter, I expect to see continuous improvement.

Okay, great. And then my final question, can you maybe touch on the organic growth in the BE&S -- or B&ES department? I think last quarter, it was still slightly negative. Can you maybe kind of walk us through how you get from 21.6% to the organic growth, so what was Government and then what was the M&A contribution in 3Q?

Right. I will let Tracy take over, but there was -- on the Government side, sales were down year-over-year. They were able to offset some of that impact by reducing costs -- as a matter of fact, they did a fantastic job -- and doing a decent job on profitability. I'll have Tracy talk. There's been a lot of discussion about the Linc acquisition over the years. But this is a true reflection of what we started 2, 2.5 years ago, and I will give Tracy a chance to explain why we had the quarter of a lifetime in ABES and why we expect it to continue not only short term but long term. So Tracy?

Yes, thanks, Henrik. I think the nice thing for us is the model that we put together and the restructuring that Jim and I and Henrik and Jim worked through is absolutely having the traction and the intended result. And we're seeing it everywhere that we've got all of the complementary components in place. But just to give you an idea, we're having a record year. Last year was a record year in 4 of the 5 businesses. This again is going to be a record year for the company. We talk about year-over-year growth numbers for the maintenance space, up 29%; for our core projects, up 27%; our spot work, given the moderate to light weather in a lot of the country this summer, still up 7%; the ABM Health business, with the nice wins we've had, up 23%; our franchising group revenue is up 17%. You heard about the profit numbers, so pretty much off-the-charts growth. And what's happened is the investment that we've made in sales headcount, especially in our Bundled Energy Solutions business, has paid off pretty dramatically. And we have sales that are 50% higher than they were last year, and we'll see the benefit of a lot of that in Q4.

And can you actually walk us through -- sorry, I maybe misheard, can you walk us through that organic growth calculation of what were the exact components of Government and M&A in the third quarter? If you don't have it, we can talk about it later.

I mean, I didn't talk about all that. We only have the segments here. We have it splitted up into different pieces. It's here, but we can come back to you on that.

Okay. Did you -- just one last thing, did you mention -- did you say -- just before the previous question, did you say that Government is expected to be positive next quarter? I didn't quite understand.

No, I did not say that. I just basically say what we're seeing is Government is very close to our own internal plan for the year on the bottom line. But on sales, they're behind. But in Tracy's group, he was able to move then offset that shortage by sales in the other segments he just went through. So in the fourth quarter, we expect the same trend that sales will be down. But on the profit side, we hope it's going to live up to -- of 2012.

Our next question comes from Michael Gallo with CL King. Michael W. Gallo - CL King & Associates, Inc., Research Division: Just a follow-up question on Building & Energy Solutions. I've seen a lot of initiatives around green government buildings and the like. Obviously, for the last several quarters, the organic growth there has been negative. I was wondering if you see any signs that, that may, perhaps, start to get traction or is it still far out? Certainly, a lot of talk about it, but it doesn't seem like that much activity in the results.

Yes, and I concur, there's a lot of thought leadership and not a lot of action. But we are seeing some of those opportunities break loose. As a matter of fact, we were just awarded the first-ever job for ABM in the federal space, and we're bringing that one to contract. So once -- we have the verbal award. Once we have the contracts, we'll make a pronouncement on that one. But we are seeing a lot of the kind of built-in pipelines starting to break loose. And there are a lot of things happening in the finance world that will lead to facilitating work at the federal level, at the state level and the city and county levels. So there are a number of different, I guess, movements afoot in the financing world that will help us. And as that breaks loose, there's a $29 billion backlog opportunity in just BES work in the U.S. to work through and lots of great opportunities for us.

Our next question comes from Andrew Wittmann with Baird. Andrew J. Wittmann - Robert W. Baird & Co. Incorporated, Research Division: I wanted to dig, one of the things I'm hearing a lot about here is cost savings. I think in the prepared remarks, you talked about investments being offset by cost savings. That was kind of what you guys talked about for the year. I wanted to just get a little bit more granularity, if we could, on that, some of your thoughts there. And really, do you like have a utilization rate that you track that maybe you can give us that helps us understand how billable all your people are today? Just any color around the cost savings initiatives and kind of where you are today, how much might still be left, will be, I think, helpful.

Yes. I can do that very quick. Basically, up to this point, the process we started 9 months ago and I'll say our savings year-to-date is in the $2 million-plus range, and that equals investments we made in the sales and marketing. These are the numbers that we presented 6, 9 months ago, and we executed that plan. And the plan is up and running completely and Jim has done. The savings will be -- the net savings is probably going to be in the $5 million to $8 million level considering the investments we are making in the sales and marketing effort. These are by the one suite of projects. Andrew J. Wittmann - Robert W. Baird & Co. Incorporated, Research Division: Got it. Okay. And then just want to dig, Henrik, into kind of your international. It seems like this has been an area where you've done some recent acquisitions. Are you at all concerned about scale there and your ability to manage that business as profitably as you can the stuff that you're more familiar with in the last 100 years or so?

I'm not that concerned about scale because you have to look at where we're expanding. We're expanding in certain verticals, but we have vertical knowledge that is transferable across borders. So as a matter of fact, if I have the same growth for the rest of the country as I see right now in Heathrow, I will be a very happy guy. But -- and Heathrow, as an example, is big enough to be a self-contained job. We got excellent management over there. We got an excellent team over there. And from where we started till now, I think we're up 20-plus percent in sales just there. The other areas that we've done a very good job is on arenas, stadiums. We do some in Germany, we do some in the U.K. But again, it's a vertical that we're very, very comfortable with. So the growth we've seen on those particular areas, you will not, to my opinion, see -- in short term, see us do general cleaning in office buildings in London or in Berlin or any place else. But you might see us in major industrial jobs and/or major airports types of work. Andrew J. Wittmann - Robert W. Baird & Co. Incorporated, Research Division: Got it. So it sounds like you're going after just larger general contracts when you're over there so that you have [indiscernible].

Larger general contracts where our expertise separates us from the pack. Andrew J. Wittmann - Robert W. Baird & Co. Incorporated, Research Division: Okay, that makes sense. And as you look at the M&A outlook here today, Henrik, are more overseas acquisitions probably more likely the domestic or kind of how you're targeting things today? And what's your overall look for M&A?

I would say that our focus is much more on the vertical side, as we've seen the last 2 or 3 acquisitions we made, than on the general service side. We believe the growth initiatives we have started in -- on the on-site business are starting to work and hopefully will work in the next many years. And I really don't want to do a major acquisition in those areas that can take off or a way to accelerate. The biggest things are going pretty well right now. But on the vertical markets, we might still be very interested in making acquisition that moves us to a different scale. So vertical focus, and that could be within the U.S., outside the U.S., but the vertical focus is there.

Our next question comes from Adam Thalhimer with BB&T Capital Markets. Adam R. Thalhimer - BB&T Capital Markets, Research Division: Henrik, you talked about the growth in the Janitorial segment and attributed that mostly to, I guess, market share gains. When do you feel like you might start to feel an economy tailwind?

Well, I've had this discussion many times, and the whole -- first of all, I don't know if we're in tailwind or headwinds right now, but the good news for a company like ours is -- and we have short memories, but the fact of life is when we went through a very, very tough time in '08 and '09, our sales were down 4%. So we've really not impacted as much as anybody else and everybody else when it comes to headwinds and tailwinds. So we have all the strategy. You can, at the same time, even say Europe, what about the U.K., why would you grow in the U.K.? Well, we experienced 20%, 30% growth in the U.K. because we are focused on verticals that are very, very little impacted by the overall economy. So I hope for everybody's sake, we're going to get some tailwinds, but I'm not going to expect that's going to have a major impact on our numbers. Adam R. Thalhimer - BB&T Capital Markets, Research Division: Okay. And then I wanted to ask about gross margins, and you gave some nice color that you think gross margins could start to improve next year as some of these new contracts start to mature a little bit. I mean, what kind of -- looking at the overall business, I mean, what kind of margin improvement could we see when that occurs?

Well, it's -- again, I'm not trying to avoid the question here. But if you look at Tracy's business in some of the Energy projects and the projects we're doing, the margins there exceed the Janitorial standard profit of 3x. And so if we -- if our mix is continuing to improve towards more of these projects work, it's going to impact our overall profitability. If you take Janitorial, isolate it, again, Jim has a sizable investment. And if you notice, we -- when we do start-up costs, we expense it right away, which is very conservative. But by ways of doing it, so that, of course, is going to have a -- we don't have that start-up costs on those particular jobs going forward and where in those particular jobs over time will improve the profitability. But again, if it's always Janitorial, it's a big elephant, and we look at 0.1% and 0.2% improvements as a major, major move. So we will continue to move on that and work on that. And the other thing that could impact it also, I should say that, is if we have some tailwind in the economy, as it brings it up, it could eventually have a positive impact on our state unemployment insurance rates, where we are expecting the increases we've seen in the past to level out this year or going forward. And if we get the tailwind, that will go down. Adam R. Thalhimer - BB&T Capital Markets, Research Division: Okay. And then margins in Tracy's business, that took a big stair-step function up this quarter. It sounds like that's sustainable.

I sure hope so. It is sustainable. The problem you have with project work and project -- work in general is that we can't always control when they close and finish a job, so that might be a business that's pushed in from one quarter to another quarter. But if you look at it year-over-year, I think it's sustainable.

Our next question comes from Michael Kim with Imperial Capital.

Henrik, in the past, you've talked about cracking the code and breaking down some of the silos. Can you talk a little about -- maybe quantitatively or qualitatively about the increased cross-selling of multiple services, whether percentage or number of clients taking on multiple services, and just more evidence of the cross-selling opportunities?

I'll have Tracy talk about a program that we started, Tracy's sales and marketing group started 9 months ago called Solve One More, and when we started with the one, the -- so why don't you, Tracy, talk about where we are now.

Sure. And this is indicative of what's happening across the company, and a lot of it is awareness. You're dealing with companies that were very traditionally operated that are now restructured under one leadership with Jim McClure in the on-site business and me having more the Mobile and On-Demand components. But the sales and marketing function is really being tied together quite nicely. And we originated a program called Solve One More. And really, what the intent of adding one additional service to any existing customer relationship, obviously, ABM has tremendous relationships, it's a relationship business, and Henrik has kind of talked about when he acquired our company, it's more of a know-how business. So if you can combine the relationship with the know-how, you're bringing added value to that customer. And we've gone from a dead start on this program, where we're literally creating the awareness, incenting everybody in the company, not just the traditional sales base, to find opportunities and to solve one more customer problem. And the program has been in place about 6 months now. We have 950 qualified leads that has led to $24 million in incremental sales that we incurred no additional SG&A to get. So that's the kind of thing that's happening. And I'd say we're in the second inning of the game. We haven't even rolled this out to all our locations yet. But where we're doing it, we're literally bringing in all of the services, whether they're Mobile or on-site, whether they're Janitorial, Security, Parking, creating the awareness, driving the information downstream to the point of service, getting tremendous response and have, I think, a genuinely good feel for how it's being embraced across the company. And there's a lot of fertile ground here to till, so we just need to keep the ground game going.

And is there any particular service paring where you're finding sort of a low-hanging fruit and maybe the easiest crossover between Service, as well Janitorial, and then going into Parking or Security? Are you finding any trends in that in any direction?

I think it's been pretty broad based. So I'd like to say that we zeroed in with a laser focus on one particular piece of business, and it's knocking it out of the park. But we've got mechanical leads, electrical leads, EV charging station leads, security leads, janitorial leads. It's been really across the board. So the cool thing is that people are actually paying attention and saying when they hear a customer grumbling about one of the other 50 services that we provide in the building, they now know we have a solution, and they feel very, very confident that the guys that are going to be coming into the building are not going to be creating risk in that relationship, they're going to be enhancing it, and that's been terrific.

That's great. Switching gears to the strategic side, and ABM is about to annualize some fairly sizable November acquisitions from last year. Henrik, I think you briefly talked about a vertical focus and possibly some international opportunities. Are you seeing these opportunities of similar size that we had last year? And from a timing perspective, I know it can be a little variable, but is it something that you would view as fairly imminent this year or maybe longer term?

I really don't want to go into specific discussions about acquisitions, other than saying that companies this size between $50 million and $250 million of revenue is our sweet spot, and that's what we're looking for. And as you know, it's opportunity-driven. Prices are driven sometimes by very -- this particular time of my life, it's driven by private equity, driving the prices up because financing is cheap. So sometimes we just have to be patient and wait for the right price and the right company, and we've been pretty successful with our patient strategy. I'm happy to say that our EBITDA is getting very close to -- then it's going to be very close to 1.5x EBITDA by the end of the year, which I think is a pretty good accomplishment if you've seen what we've done over the last 3 or 4 or 5 years in acquisitions.

And I'm showing no further questions. At this time, I will turn the call back over to Mr. Slipsager for closing remarks.

Thank you very much for listening on to our third quarter call. It's a quarter we're very proud of, and from our side, we surely hope it's going to continue not only through the fourth quarter but in '14, '15 and '16. So thank you very much for listening on. Talk to you in fourth quarter.

Thank you. Ladies and gentlemen, that does conclude today's conference. You may all disconnect, and have a wonderful day.