
This trend will likely continue into 2023. Beginning with B&I, office occupancy rates remain at relatively low levels but continue to slowly increase. Let's now discuss the demand and operating environment for each of our industry groups.

We feel confident about our market positioning and our ability to end the year with strong fourth quarter results, given continued favorable demand for our janitorial services and strong demand for our e-mobility and bundled energy solutions.
LAST YEAR FOR SILVER QUARTERS FULL
Based on our solid and consistent performance throughout the year, we are adjusting our previous guidance for full year adjusted earnings per share to the upper end of our range and also narrowing the range for adjusted EBITDA margin. And in the face of all of that, the team continued to provide outstanding service to our clients while also focusing on profitability.

I was pleased with our performance when considering the many headwinds we faced this year, including the expected decline of EnhancedClean work orders significant cost inflation rising interest rates and a very, very tough labor market. Overall, we generated revenue of $2 billion and an adjusted EBITDA margin of 6.6%, which is well above prepandemic levels. And much like the second quarter, the ABM team executed well and mitigated a significant portion of the increase in labor costs while advancing our ELEVATE initiatives. Organic revenue growth of 7.4% was broad-based, driven by healthy demand for janitorial and engineering services in Business & Industry, Aviation and Manufacturing & Distribution as well as in Technical Solutions.

ABM generated solid results in the third quarter, continuing our consistent performance throughout 2022. Good morning, and thank you for joining us today to discuss our third quarter. Salmirs, ABM Industries Incorporated - President, CEO & Director - Thanks, Paul. And with that, I would like to now turn the call over to Scott. A reconciliation of historical non-GAAP numbers to GAAP financial measures is available at the end of the presentation and on the company's website under the Investor tab. During the course of this call, certain non-GAAP financial information will be presented. These factors are described in a slide that accompanies our presentation as well as our filings with the SEC. While we believe them to be reasonable, these statements are inherently subject to risks and uncertainties and could cause our results to differ materially. Our use of the word estimate, expect and similar expressions are intended to identify these statements, and they represent our current judgment of what the future holds. But before we begin, I would like to remind you that our call and presentation today contain predictions, estimates and other forward-looking statements. After Scott and Earl's prepared remarks, we will host a Q&A session. A copy of that release and an accompanying slide presentation can be found on our website, abm.com. Please note that earlier this morning, we issued our press release announcing our third quarter 2022 financial results. Salmirs, our President and Chief Executive Officer and Earl Ellis, our Executive Vice President and Chief Financial Officer. Goldberg, and I'm the Senior Vice President, Investor Relations at ABM. Goldberg, ABM Industries Incorporated - SVP of IR - Good morning, everyone, and welcome to our third quarter 2022 earnings call. Goldberg, Senior Vice President, Investor Relations for ABM Industries. I would now like to turn the conference over to your host, Paul E. (Operator Instructions) As a reminder, this conference is being recorded. Sullivan Maxim Group LLC, Research Division - MD & Senior Industrials Analyst * Timothy Michael Mulrooney William Blair & Company L.L.C., Research Division - Group Head of Global Services & Analyst = Presentation - Operator - Greetings, and welcome to the ABM Industries Third Quarter 2022 Earnings Call.

Eastman KeyBanc Capital Markets Inc., Research Division - Senior Equity Research Analyst * Tate H. Incorporated, Research Division - Senior Research Analyst * David Cyrus Silver CL King & Associates, Inc., Research Division - Senior VP & Senior Analyst * Faiza Alwy Deutsche Bank AG, Research Division - Research Analyst * Marc Frye Riddick Sidoti & Company, LLC - Business and Consumer Services Analyst * Sean D. Salmirs ABM Industries Incorporated - President, CEO & Director = Conference Call Participants = * Andrew John Wittmann Robert W. Goldberg ABM Industries Incorporated - SVP of IR * Scott B. Q3 2022 ABM Industries Inc Earnings Call NEW YORK (Thomson StreetEvents) - Edited Transcript of ABM Industries Inc earnings conference call or presentation Friday, Septemat 12:30:00pm GMT TEXT version of Transcript = Corporate Participants = * Earl Ray Ellis ABM Industries Incorporated - Executive VP & CFO * Paul E.
