Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients primarily in North America. The company offers managed services, including dining, catering, food service management, convenience-oriented retail operations, grounds and facilities maintenance, custodial, energy and construction management, and capital project management. It also provides non-clinical support services, such as patient food and nutrition, and retail food services; and facilities services comprising clinical equipment maintenance, environmental, laundry and linen distribution, plant operations, strategic/technical, energy and supply ...
1101 Market Street
Philadelphia, PA 19107
Founded in 1959
Aramark Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 3, 2015; Reiterates Earnings Guidance for the Full Year 2015
Aug 12 15
Aramark reported unaudited consolidated earnings results for the third quarter and nine months ended July 3, 2015. For the quarter, adjusted earnings fell to $0.29 per share from $0.30 a year ago. Sales fell 4% to $3.5 billion compared to $3.6 billion in the third quarter of the prior year. On a reported basis, net income attributable to the company’s shareholders fell to $33.8 million or $0.14 per diluted share from $46.9 million or $0.19 a year earlier. The company ahead of prior year free cash flow, given the impact of the 53rd week in 2014. Operating income was $116,878,000 compared to $141,283,000 a year ago. Income before income taxes was $45,653,000 compared to $70,097,000 a year ago. Adjusted net income attributable to the company stockholders was $70,704,000 compared to $73,402,000 a year ago. Adjusted EBITDA was $275,785,000 compared to $281,523,000 a year ago.
For the year to date, the company’s sales were $10,783,183,000 compared to $10,885,145,000 a year ago. Operating income was $473,634,000 compared to $419,312,000 a year ago. Income before income taxes was $259,280,000 compared to $162,699,000 a year ago. Net income attributable to the company’s stockholders was $179,081,000 or $0.73 per diluted share, compared to $104,551,000 or $0.45 per diluted share, a year ago. Net cash provided by operating activities was $157,584,000 compared to net cash used in operating activities $17,440,000 a year ago. Net purchases of property and equipment, client contract investments and other were $346,471,000 compared to $310,510,000 a year ago. Adjusted net income attributable to the company stockholders was $277,037,000 or $1.13 per diluted share, compared to $253,102,000 or $1.08 per diluted share, a year ago. Adjusted EBITDA was $934,727,000 compared to $918,974,000 a year ago.
For the full year of fiscal 2015, the company reiterated its adjusted earnings guidance range between $1.50 and $1.60, mostly above the $1.51 average estimate. Anticipated capital spending should be between 3.25% and 3.5% of sales. The company continues to expect to be significantly better than the prior year on a full year basis on cash flow.
Aramark Names Ryan Suyama as New Food Service Director
Aug 12 15
Aramark has named Ryan Suyama as the new food service director. Suyama brings more than 17 years of dining management experience to his new position. Previously, he served as a food and beverage director and restaurant manager at The Oregon Golf Club and Creekside Golf Club in Oregon. Suyama attended Western Oregon University and Clackamas Community College. His background includes a focus on customer service, building relationships with customers and driving satisfaction. Suyama will begin his appointment on August 17, 2015.