Financial Performance - Revenue for the three months ended March 27, 2020, was $3,731,559, a decrease of 6.7% compared to $3,999,987 for the same period in 2019[6]. - Net loss attributable to Aramark stockholders for the three months ended March 27, 2020, was $(202,260), compared to net income of $29,353 for the same period in 2019[6]. - Operating loss for the three months ended March 27, 2020, was $(97,676), a significant decline from operating income of $122,835 in the prior year[6]. - Comprehensive loss attributable to Aramark stockholders for the three months ended March 27, 2020, was $(310,505), compared to a comprehensive income of $20,698 in the same period last year[9]. - Total revenue for the six months ended March 27, 2020, was $7,985.2 million, down 3.4% from $8,265.3 million in the prior year[51]. - The company experienced a net loss of $(56,138) for the six months ended March 27, 2020, compared to a net income of $279,988 for the same period in 2019[10]. - The company reported a net cash used in investing activities of $(196,588) million, contrasting with $58,195 million provided in the prior year[12]. - The company reported a comprehensive income of $229,609,000 attributable to Aramark stockholders[92]. Goodwill Impairment - The company reported a goodwill impairment of $198,600 for the three months ended March 27, 2020, indicating potential challenges in asset valuation[6]. - The company recognized a non-cash impairment charge of $198.6 million due to a decline in fair value of a reporting unit, with the remaining goodwill balance for that unit at $86.2 million[30]. - Goodwill impairment recorded was $198,600 for the six months ended March 27, 2020[88]. - The company incurred $198.6 million in goodwill impairment during the three months ended March 27, 2020, compared to no impairment in the same period last year[106]. COVID-19 Impact - The company anticipates ongoing challenges due to the impact of COVID-19 on its operations and financial performance, which may affect future earnings and strategic initiatives[5]. - The COVID-19 pandemic is estimated to have impacted revenue by $325 million and operating income by $70 million for the three and six months ended March 27, 2020[101]. - The total decline in revenue related to COVID-19 was estimated at approximately $325 million, impacting revenue by approximately 3.9% for the six-month period[111]. - The company has implemented several cost reduction initiatives, including renegotiations of client contracts and reductions to general corporate expenses, in response to the impacts of COVID-19[101]. Segment Performance - FSS United States segment revenue for the three months ended March 27, 2020, was $2,231.1 million, a decline of 7.7% from $2,417.0 million in the same period last year[51]. - FSS International segment revenue for the three months ended March 27, 2020, was $853.5 million, down 9.4% from $942.0 million in the prior year[51]. - The FSS United States segment reported revenue of $2,231.1 million, down from $2,417.0 million, reflecting a decline of 7.7% year-over-year[74]. - The FSS International segment experienced a revenue drop to $853.5 million from $942.0 million, representing a decrease of 9.4%[74]. Cash Flow and Liquidity - Cash flows from operating activities resulted in a net cash used of $(91,626) million, a significant decrease from $88,983 million provided in the prior year[12]. - Cash and cash equivalents at the end of the period increased to $1,202,964 million, compared to $195,387 million at the end of the previous year[12]. - The company had approximately $1,203.0 million in cash and cash equivalents and $4.7 million available under the senior secured revolving credit facility as of March 27, 2020[36]. - The company undertook borrowings of $948.8 million under its revolving credit facility and $400.0 million under its Receivables Facility in response to COVID-19[122]. Shareholder Actions - The company paid cash dividends of approximately $55.3 million during the six months ended March 27, 2020[65]. - The company repurchased 0.3 million shares of common stock for $6.5 million during the second quarter of fiscal 2020[65]. - The company authorized a new share repurchase program of up to $200.0 million, which will expire in July 2022[128]. Tax and Financing - The company recorded an income tax expense of approximately $3.7 million for both the three and six month periods of fiscal 2020[64]. - The effective tax rate for the three and six months ended March 27, 2020 includes tax benefits of approximately $26.9 million and $45.5 million due to excess tax benefits from equity awards[64]. - Interest and other financing costs for the three months ended March 27, 2020, increased to $99,822 from $84,178 in the same period last year, representing an 18.5% increase[6]. - The company issued $1,500.0 million aggregate principal amount of 6.375% Senior Notes due May 1, 2025, with net proceeds intended for general corporate purposes[39].

Aramark (NYSE:ARMK) Q2 2020 Earnings Conference Call May 5, 2020 8:30 AM ET Company Participants Felise Kissell - Vice President, Investor Relations and Corporate Affairs John Zillmer - Chief Executive Officer Tom Ondrof - Chief Financial Officer Conference Call Participants Kevin McVeigh - Credit Suisse Toni Kaplan - Morgan Stanley Ian Zaffino - Oppenheimer Shlomo Rosenbaum - Stifel Andrew Steinerman - JPMorgan Jay Hanna - Bank of America Andrew Wittmann - Baird Hamzah Mazari - Jefferies Seth Weber - RBC C ...

Title of Each Class Trading Symbol(s) Name of Each Exchange on which Registered Common Stock, par value $0.01 per share ARMK New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ___________________________________________ For the quarterly period ended December 27, 2019 Commission File Number: 001-36223 Aramark (Exact name of ...

Aramark (NYSE:ARMK) Q1 2020 Earnings Conference Call February 4, 2020 8:30 AM ET Company Participants Rich Kotzker - Associate Vice President, Capital Markets and Investor Relations John Zillmer - CEO Tom Ondrof - EVP & CFO Conference Call Participants Ian Zaffino - Oppenheimer Kevin McVeigh - Credit Suisse Andrew Steinerman - JPMorgan Toni Kaplan - Morgan Stanley Gary Bisbee - Bank of America Manav Patnaik - Barclays Seth Weber - RBC Capital Markets Hamzah Mazari - Jefferies Andrew Wittmann - Robert W. Bai ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ___________________________________________ Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ___________________________________________ | --- | --- | |----------------------------------------------------------------------------|---------------------------------------------| | | | | For the fiscal year ended September 27, 2019 | Commission File Number: 001-36223 | | | | | Aramark | | | (Exac ...

Financial Data and Key Metrics Changes - Legacy business revenue increased by 3% year-over-year, with adjusted revenue growing by 4.9% in Q4 2019 [12][13] - Adjusted EPS rose by 1% on a constant currency basis, reaching $0.68 for the quarter [17][20] - Net debt was reduced by $593 million compared to the previous year, improving the leverage ratio to 3.86 times [22] Business Line Data and Key Metrics Changes - FSS U.S. legacy business revenue grew by almost 2%, with sports, leisure, and corrections leading the growth at 6% [14] - Healthcare revenue, excluding the impact of the HCT divestiture, increased by 4% due to high retention rates [14] - Education segment revenue declined by 4% due to disappointing net new sales [14] Market Data and Key Metrics Changes - FSS International legacy business revenue increased by 6%, driven by strong new business and high retention across various geographies [15] - Uniforms legacy business revenue grew nearly 3%, supported by price and volume increases [15] Company Strategy and Development Direction - The company aims to elevate its culture, accelerate revenue growth, and unlock economic potential [8][10] - Plans include increasing resources for client solutions, expanding sales capabilities, and pursuing selective mergers and acquisitions [11] - The focus will be on enhancing hospitality and customer service, particularly in the education sector [28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operational performance and the potential for revenue growth in 2020, expecting organic revenue growth of approximately 3% [25][26] - The company plans to reinvest synergies from acquisitions to drive long-term growth and improve profitability [26][37] Other Important Information - The company reported a significant increase in incentive compensation, which impacted adjusted operating income [12][16] - The 2020 fiscal year will include an extra week, expected to benefit revenue metrics by approximately 2% [24] Q&A Session Summary Question: Opportunities for growth under new leadership - Management highlighted the strong cultural DNA within the organization and the excitement among employees to compete and win in the marketplace [32][33] Question: Key measures for 2020 and beyond - The focus will be on balanced improvement across financial metrics, with an emphasis on operational momentum and productivity improvements [35][36] Question: Strategy for client retention and new business - The strategy includes realigning resources closer to customers to enhance retention and drive new business sales [40] Question: Long-term growth potential - Management believes that revenue growth can accelerate beyond historical levels, with a focus on performance and capability [49][50] Question: Investment strategy for growth - Investments will be targeted and disciplined, focusing on capability and relationship building rather than price competition [73] Question: Integration of acquisitions and synergies - The company realized $32 million in synergies in fiscal 2019 and expects to achieve at least $35 million in fiscal 2020 [81] Question: Portfolio review and low-margin businesses - Continuous evaluation of the portfolio is ongoing, with a focus on identifying low-margin contributors for potential exit or improvement [84]

Aramark Corporation (NYSE:ARMK) Q3 2019 Earnings Conference Call August 6, 2019 8:30 AM ET Company Participants Felise Kissell – Vice President of Investor Relations and Corporate Affairs Eric Foss – Chairman, President and Chief Executive Officer Steve Bramlage – Executive Vice President and Chief Financial Officer Conference Call Participants Stephen Grambling – Goldman Sachs Andrew Steinerman – J.P. Morgan Harry Martin – Bernstein Kevin McVeigh – Credit Suisse Gary Bisbee – Bank of America Merrill Lynch ...

Revenue and Income - Revenue for the three months ended June 28, 2019, was $4,010,761, an increase of 1.0% from $3,971,606 for the same period in 2018[9]. - Revenue for the nine months ended June 28, 2019, was $12,276.1 million, reflecting a 3% increase from $11,876.0 million in the prior year[131]. - Net income attributable to Aramark stockholders for the three months ended June 28, 2019, was $82,955, compared to $72,577 for the same period in 2018, representing a 14.5% increase[9]. - Net income for the nine months ended June 28, 2019, was $363,052,000, a decrease of 7.5% compared to $392,872,000 for the same period in 2018[14]. - The company reported a comprehensive income of $53,877 for the three months ended June 28, 2019, compared to $37,345 for the same period in 2018, showing a 44.4% increase[13]. Operating Performance - Operating income for the nine months ended June 28, 2019, was $685,016, up from $538,530 for the same period in 2018, indicating a significant improvement in operational efficiency[11]. - Operating income for the three months ended June 28, 2019, was $188.8 million, a slight increase of 1% from $186.7 million in the same period of 2018[128]. - The cost of services provided for the nine months ended June 28, 2019, was $11,029,382, compared to $10,611,532 for the same period in 2018, reflecting a 3.9% increase[11]. Assets and Liabilities - Total current assets decreased to $2,642,125 as of June 28, 2019, from $2,901,425 as of September 28, 2018, reflecting an 8.9% decline[7]. - Total stockholders' equity increased to $3,285,922 as of June 28, 2019, from $3,029,558 as of September 28, 2018, representing an 8.4% growth[8]. - Total current liabilities amounted to $2,490,159,000, with accounts payable at $1,018,920,000 and accrued expenses at $1,440,332,000[104]. - The company’s total liabilities as of June 28, 2019, were reported at $10,443.5 million, with adjustments reflecting changes due to the adoption of ASC 606[62]. Cash Flow - Net cash provided by operating activities increased to $208,187,000, up 43.1% from $145,512,000 in the prior year[16]. - Net cash used in investing activities significantly decreased to $49,392,000 from $2,672,179,000, indicating a reduction in capital expenditures and acquisitions[16]. - Cash and cash equivalents increased to $220,055 as of June 28, 2019, from $215,025 as of September 28, 2018, indicating a slight growth[7]. Shareholder Returns - The company made payments of dividends totaling $81,305,000, compared to $77,317,000 in the previous year, representing a 5.7% increase[16]. - The Company completed a share repurchase of 1.6 million shares of its common stock for $50.0 million during the first quarter of fiscal 2019[76]. Segment Performance - The company operates in three reportable segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel[23]. - The FSS United States segment generated total revenue of $2,413.5 million for the three months ended June 28, 2019, contributing to a total of $7,490.8 million for the nine months[67]. - The FSS International segment reported revenue of $2,845.1 million for the nine months ended June 28, 2019, compared to $2,768.1 million in the same period of 2018, reflecting an increase of approximately 2.8%[87]. Accounting Standards and Adjustments - The company adopted new revenue recognition guidance on September 29, 2018, which did not have a material impact on net income but affected the classification of certain financial statement line items[27]. - The adoption of ASC 606 resulted in a transition adjustment where costs to obtain contracts related to employee sales commissions were capitalized in "Other Assets," amounting to $97.2 million and $105.4 million as of September 29, 2018, and June 28, 2019, respectively[60]. - The adoption of ASC 606 impacted revenue and operating income across all segments for the three and nine month periods of fiscal 2019[92]. Financial Position and Debt - Long-term borrowings remained stable at $7,198,918 as of June 28, 2019, compared to $7,213,077 as of September 28, 2018[8]. - The fair value of the company's debt as of June 28, 2019, was $7,379.8 million, compared to $7,303.1 million as of September 28, 2018, indicating a slight increase of 1.04%[95]. - The company has approximately $2.5 billion notional amount of outstanding interest rate swap agreements to manage interest rate risk[46]. Miscellaneous - The company expects a material increase in lease-related assets and liabilities due to the adoption of new lease accounting standards, although it does not anticipate a significant impact on income statements or cash flows[31]. - The company continues to evaluate the impact of various accounting standards updates, including those related to revenue recognition and credit losses, on its financial statements[31].