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May 23, 2015 12:28 AM ET

Food and Staples Retailing

Company Overview of US Foods, Inc.

Company Overview

US Foods, Inc. operates as a foodservice distributor in the United States. The company offers an array of fresh, frozen and dry food, and non-food products with approximately 350,000 stock-keeping units. Its principal product categories include meats and seafood; dry grocery products; refrigerated and frozen grocery products; equipment, disposables, and supplies; dairy; produce; and beverage products. The company primarily serves independently owned single and multi-location restaurants, regional concepts, national chains, hospitals, nursing homes, hotels and motels, country clubs, fitness centers, government and military organizations, colleges and universities, and retail locations. The co...

9399 West Higgins Road

Suite 500

Rosemont, IL 60018

United States

Founded in 1853

25,000 Employees

Phone:

847-720-8000

Key Executives for US Foods, Inc.

Chief Executive Officer, President and Director
Age: 59
Chief Financial Officer and Director
Age: 48
Chief Operating Officer
Age: 49
Baltimore Division President
Division President of U.S. Foodservice-Los Angeles
Compensation as of Fiscal Year 2014.

US Foods, Inc. Key Developments

US Foods to Lay Off 200 People from Lakeland Distribution Center

US Foods Inc. is planning to lay off more than 200 people from its Lakeland division and close the facility. The company filed a notice with the state on that it would lay off 206 wholesale trade employees between Aug. 1 and Aug. 15. The operations will be moved to facilities in Tampa and Port Orange. The company is not guaranteeing employees jobs at those facilities.

US Foods Announces Earnings Results for the First Quarter Ended March 28, 2015; Provides Capex Guidance for the Year 2015

US Foods announced earnings results for the first quarter ended March 28, 2015. For the quarter, the company reported net sales were $5,554 million compared to $5,457 million a year ago, the increase was primarily due to higher sales to independent restaurants and education customers. Versus the prior year in the quarter, case volume decreased 0.7% or the equivalent of $40 million in net sales. Net income was $7 million compared to loss of $65 million a year ago. Adjusted EBITDA was $158 million compared to $169 million a year ago. Cash flow from operating activities was $102 million. Capital expenditures were $57 million. Net debt was $4,348 million. EBITDA was $142 million compared to $117 million a year ago. In 2015, the company expects total investment of approximately $300 million, cash CapEx of approximately $200 million and capital leases of approximately $100 million. The company expects to fund 2015 capital expenditures with available cash generated from continued operations and improving net debt picture.

US Foods, Inc., Q1 2015 Earnings Call, May 11, 2015

US Foods, Inc., Q1 2015 Earnings Call, May 11, 2015

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