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May 29, 2015 11:52 AM ET

Hotels, Restaurants and Leisure

Company Overview of Aramark

Company Overview

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 ...

ARAMARK Tower

1101 Market Street

Philadelphia, PA 19107

United States

Founded in 1959

163,500 Employees

Phone:

215-238-3000

Key Executives for Aramark

Chairman of the Board, Chief Executive Officer and President
Age: 56
Total Annual Compensation: $6.9M
Executive Vice President, General Counsel and Secretary
Age: 56
Total Annual Compensation: $1.4M
Senior Vice President of Finance
Age: 47
Total Annual Compensation: $515.4K
Executive Vice President of Human Resources
Age: 59
Total Annual Compensation: $1.8M
Compensation as of Fiscal Year 2014.

Aramark Key Developments

Aramark Secures Contract with New Jersey School District

Aramark has secured a $3 million contract with the Glen Rock Board of Education in Glen Rock, NJ. The two-year contract calls for Aramark to provide custodial services to the districts schools and facilities. The company will provide the district with 32 full-time positions, including 29 custodians on various shifts, a general manager, a custodial supervisor, and related administrative staff. The deal is expected to save the school district more than $230,000 over the life of the contract, reports The Glen Rock Gazette.

Aramark Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended April 3, 2015; Provides Earnings Guidance for the Year 2015

Aramark reported consolidated unaudited earnings results for the second quarter and six months ended April 3, 2015. Sales were $3.6 billion versus $3.5 billion a year ago. Operating income was $154.853 million against $120.807 million a year ago. Income before income taxes was $83.647 million against $18.733 million a year ago. Net income attributable to the company’s stockholders was $59.823 million or $0.24 diluted per share against $12.916 million or $0.05 diluted per share a year ago. Adjusted net income was $90.801 million against $71.101 million a year ago. Adjusted operating income was $212.500 million against $190.944 million a year ago. Adjusted EBITDA was $310.503 million against $285.439 million a year ago. Adjusted earnings per share was $0.37 against $0.29 per share a year ago. For the six-month period, the company reported sales were $7,296.980 million against $7,265.088 million a year ago. Operating income was $356.756 million against $278.029 million a year ago. Income before income taxes was $67.902 million against $92.602 million a year ago. Net income attributable to the company’s stockholders was $145.320 million or $0.59 diluted per share against $57.678 million or $0.25 diluted per share a year ago. Net cash provided by operating activities was $78.717 million against net cash used in operating activities of $127.420 million a year ago. Adjusted net income was $206.739 million against $180.055 million a year ago. Adjusted operating income was $464.345 million against $445.648 million a year ago. Adjusted EBITDA was $658.942 million against $637.451 million a year ago. Adjusted earnings per share was $0.84 against $0.78 per share a year ago. Net purchases of property and equipment, client contract investments and other was $220.783 million against $159.587 million a year ago. The company's constant-currency adjusted earnings per share outlook for the year is unchanged at $1.60 to $1.70.  At current exchange rates, the company anticipates an approximate $0.10 per share headwind from translation, resulting in an adjusted range of $1.50 to $1.60.  On a full year basis, at current currency exchange rates, the impact on both sales and adjusted operating income would be a reduction of approximately 3%. The company continues to expect capital expenditures for the fiscal year to total between 3% and 3.5% of total sales.

Aramark Declares Quarterly Dividend, Payable on June 9, 2015

The Board of Directors of Aramark declared a quarterly dividend of $0.08625 per share payable on June 9, 2015, to shareholders of record at the close of business on May 20, 2015.

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