Core Insights - SPS Commerce achieved its 100th consecutive quarter of revenue growth, with fourth quarter 2025 revenue increasing by 13% to $192.7 million compared to $170.9 million in the fourth quarter of 2024 [5][7] - The company announced the planned retirement of its Chief Financial Officer, Kim Nelson, and the appointment of Joseph Del Preto as the new Chief Financial Officer effective March 16, 2026 [6][9] - An increase in the share repurchase program was approved, raising the total authorized repurchase amount to $300 million [10] Financial Highlights - Fourth quarter 2025 recurring revenue grew by 14% compared to the fourth quarter of 2024 [7] - Net income for the fourth quarter of 2025 was $25.8 million, or $0.68 per diluted share, up from $17.6 million, or $0.46 per diluted share in the fourth quarter of 2024, reflecting a 47% increase in net income [7] - Adjusted EBITDA for the fourth quarter of 2025 increased by 22% to $60.5 million compared to the fourth quarter of 2024 [7] - For the fiscal year 2025, total revenue was $751.5 million, an 18% increase from $637.8 million in 2024 [7] - Recurring revenue for the fiscal year 2025 grew by 20% compared to the previous year [7] - Net income for the fiscal year 2025 was $93.3 million, or $2.46 per diluted share, a 21% increase from $77.1 million, or $2.04 per diluted share in 2024 [7] Executive Changes - Kim Nelson will remain with SPS Commerce through a customary transition period following her retirement announcement [8] - Joseph Del Preto brings over 20 years of experience in finance and operational strategy, having previously served as CFO and Treasurer of Sprout Social, Inc. [6][9] Share Repurchase Program - The Board of Directors approved an additional $200 million in repurchase authority under the existing share repurchase program, which was initially set for $100 million [10]

Financial Data and Key Metrics Changes - Organic revenue for Aramark grew 5% to $4.8 billion in Q1 2026, with an estimated 8% growth without the calendar shift impact [6][16] - Operating income was $218 million, slightly up from the prior year, while adjusted operating income was $263 million, up 1% on a constant currency basis [17] - GAAP EPS was $0.36 and adjusted EPS was $0.51, with a calendar shift impacting adjusted EPS growth by approximately 13% [19] Business Segment Data and Key Metrics Changes - FSS US organic revenue increased to $3.4 billion or 2%, with a potential growth of approximately 5% without the calendar shift [8] - International revenue reached $1.5 billion, an increase of over 13% year-over-year on an organic basis, maintaining double-digit growth for 19 consecutive quarters [11] - The U.S. AOI had a 1% decline compared to the same period last year, while international segment AOI grew by 12% on a constant currency basis [18] Market Data and Key Metrics Changes - The U.K., Spain, Germany, and Chile were the leading contributors to international revenue growth [11] - The company reported strong client retention levels across all markets, with significant new business wins in healthcare, education, and corrections in the U.S. [5][10] Company Strategy and Development Direction - The company aims for a net new target of 4%-5% in fiscal 2026, driven by strong client retention and new business opportunities [6] - Aramark is focusing on expanding its global supply chain GPO network, particularly in hospitality areas such as theme parks and hotels [6][13] - The company is committed to leveraging AI technology to enhance supply chain efficiencies and operational productivity [13][45] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving record-breaking financial performance, citing strong business momentum and client retention [5][20] - The company anticipates continued revenue growth in Q2, driven by onboarding new business and maintaining high retention rates [21][22] - Management noted that inflation is in line with expectations, with food and labor costs running around 3% [70][71] Other Important Information - The company repurchased $30 million of its shares as part of its share repurchase program [19] - Capital expenditures were higher due to commitments associated with sizable new business wins, expected to normalize over the year [61] Q&A Session Summary Question: Competitive business wins and future trends - Management noted significant success in competitive new account wins, particularly in large organizations, and expects this trend to continue [26][27] Question: Upcoming large bidding opportunities and retention strategies - Management confirmed ongoing large bidding opportunities but did not disclose specifics due to competitive reasons; retention remains a key focus [29][30] Question: Revenue growth in sports and leisure segments - Revenue growth is broad-based across business lines, with strong performance in sports and entertainment, particularly in collegiate athletics [35][37] Question: Pricing and volume contributions to organic growth - Pricing contributed about 3% to organic growth in Q1, with expectations for similar trends throughout the year [56] Question: Impact of inflation on costs - Inflation is running in line with expectations, with food prices around 3% and labor costs consistent across geographies [70][71] Question: Client retention and spending trends - Management emphasized a strong focus on client retention, with no significant changes in customer spending patterns observed [75][77] Question: Updates on large contracts and their impact - The RWJBarnabas contract is expected to have a significant impact in 2026, with a staged opening beginning in June [90][91] Question: Strategic shifts in client operations - Management noted a strategic shift among clients towards systemizing operations for cost efficiencies, which has led to larger contract wins [99][100]

Core Insights - The 26th annual TPM conference will focus on the challenges faced by shippers due to rising tariff burdens and the need for cost savings while maintaining service quality [2][3] - Average U.S. tariff rates have increased to over 17%, up from 2.4% a year ago, emphasizing the urgency for importers to find cost-reduction opportunities [2] - The conference will feature a keynote address by Janet L. Yellen, former U.S. Secretary of the Treasury, highlighting the importance of relationships and collaboration in the logistics sector [3][7] Event Highlights - TPM26 will include educational workshops under TPM Academy, covering topics such as minimizing tariff burdens and the impact of AI on supply chains [4] - Discussions will address the global economic outlook, China's export diversification, and trade policy trends as the industry moves into 2026 [4] - A diverse lineup of speakers from leading logistics companies, including Hapag-Lloyd, Maersk, and DHL Global Forwarding, will contribute to the event [8] Industry Context - The conference serves as a critical platform for networking and relationship building among key players in the global container shipping industry [10] - S&P Global Market Intelligence emphasizes the need for smarter sourcing and risk-aware cost optimization in light of ongoing supply chain volatility [2][4]

Financial Data and Key Metrics Changes - The company reported record revenue of $4.6 billion for the third quarter, representing a 6% increase, with organic revenue growth exceeding 5% driven by base business growth and new client contributions [6][20] - Adjusted EPS grew nearly 30% year-over-year, with GAAP EPS reported at $0.27 and adjusted EPS at $0.40 [20][24] - Operating income increased to $183 million, up 13% compared to the prior year, while adjusted operating income rose to $230 million, reflecting a 19% increase [16][17] Business Segment Data and Key Metrics Changes - FSS US organic revenue increased to $3.2 billion, up over 3%, driven by strong performance in workplace experience, education, and sports and entertainment [7][10] - The international segment achieved double-digit organic revenue growth of 10%, totaling $1.4 billion, with growth across all geographies, particularly in the UK, Chile, Canada, and Spain [10][11] - The B&I segment saw a 17% growth in Q3, attributed to new business and elevated retention rates [96] Market Data and Key Metrics Changes - The company maintained a client retention rate exceeding 97% in both FSS US and international segments [5][22] - Major League Baseball attendance and per capita spending were reported to be strong, contributing positively to revenue [80] Company Strategy and Development Direction - The company is focused on organic growth, with a strong emphasis on client retention and new business wins, particularly in the education and sports sectors [49][104] - Strategic partnerships and leveraging synergies across business lines are key to unlocking additional revenue growth [8][9] - The company is also investing in AI-driven technology to enhance supply chain capabilities and operational efficiency [14][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving guidance for the fourth quarter, citing strong business momentum and a robust sales pipeline [29][72] - The company is effectively managing the current tariff environment and believes its business model is insulated from market volatility [13][23] - Management highlighted the importance of proactive client engagement and service quality in maintaining high retention rates [50][104] Other Important Information - The company repaid approximately $62 million of term loan B and repurchased about $31 million of its common stock during the quarter [21][22] - The company has over $1.4 billion in cash availability at quarter-end, positioning it well for future investments and shareholder returns [22] Q&A Session Summary Question: Can you provide perspective on revenue acceleration expected in Q4? - Management indicated a strong start to Q4 and confidence in achieving projected guidance, with significant new contract wins expected to contribute to revenue growth [29][30] Question: What happened in the events business? - Management noted lower concert activity and renovations at certain venues impacted revenue, but this was not expected to have a long-term effect [32][33] Question: Can you comment on the ACE contract and potential equity investment? - Management confirmed a small equity investment in the A's franchise, emphasizing that this is not a typical approach but reflects a strong partnership [41][42] Question: How did the education selling season play out? - Management reported a successful selling season in education, with strong retention and new business results [48][49] Question: What is the outlook for margins with new business openings? - Management indicated that margins typically ramp up over three years for new business, with potential temporary drag in the first year [99] Question: How is the competitive landscape in education? - Management highlighted strong performance and market share gains in education, attributing success to leadership and focus [104][105]

Financial Data and Key Metrics Changes - Aramark reported record revenue of $4.6 billion for the third quarter, representing a 6% increase, with organic revenue growth exceeding 5% driven by base business growth and new client contributions [6][21] - Adjusted EPS grew nearly 30% year-over-year, with GAAP EPS at $0.27 and adjusted EPS at $0.40 [21][22] - Operating income increased to $183 million, up 13% compared to the prior year, while adjusted operating income rose to $230 million, reflecting a 19% increase [17][18] Business Segment Data and Key Metrics Changes - FSS US organic revenue increased to $3.2 billion, up over 3%, driven by strong performance in workplace experience, education, and sports and entertainment [7][11] - The international segment achieved double-digit organic revenue growth of 10%, totaling $1.4 billion, with growth across all geographies, particularly in the UK, Chile, Canada, and Spain [11][12] - The B&I segment saw a 17% growth in Q3, attributed to new business and high participation rates [98] Market Data and Key Metrics Changes - The US segment's client retention rate exceeded 97%, contributing to strong business momentum [5][22] - Major League Baseball attendance and per capita spending were strong, supporting revenue growth in the sports sector [80][110] - The company maintained a robust sales pipeline with significant new client wins, including partnerships with Howard University and the Oakland Athletics [10][11] Company Strategy and Development Direction - The company is focused on organic growth, with a disciplined capital allocation strategy aimed at maximizing shareholder returns through debt repayment and share repurchases [16][22] - Aramark is leveraging AI-driven technology to enhance supply chain capabilities and operational efficiencies [15][20] - The company aims to exit the fiscal year above long-term revenue growth expectations, with a strong emphasis on client retention and new business opportunities [5][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving fourth-quarter guidance, citing strong business momentum and a robust sales pipeline [30][59] - The company is effectively managing the tariff environment and believes its business model is insulated from market volatility [14][23] - Management highlighted the importance of high retention rates and new business wins in driving future growth [22][59] Other Important Information - Aramark proactively repaid approximately $62 million of term loan B and repurchased about $31 million of its common stock during the quarter [21][22] - The company has over $1.4 billion in cash availability at quarter-end, positioning it well for future investments [22] Q&A Session Summary Question: Can you provide insight on the revenue acceleration expected in Q4? - Management indicated a strong start to Q4 and confidence in achieving guidance, with new contracts beginning operations in August and September [30][31] Question: What impacted the events business this quarter? - The arena business faced lower concert activity and renovations, which were not anticipated, leading to a slight drag on revenue [35] Question: Can you comment on the recent equity investment in the A's contract? - Management confirmed a small equity investment in the A's, emphasizing it is not a typical approach but reflects confidence in the partnership [44] Question: How did the education selling season perform? - The education segment had a successful selling season, with ongoing contracts expected to contribute significantly to revenue growth [50][51] Question: What is the outlook for organic revenue growth in FY 2026? - Management expressed confidence in achieving high net new business and strong retention rates, positioning the company well for future growth [72][74]

Core Insights - The global Supply Chain Management (SCM) Market is projected to grow from USD 38.51 billion in 2025 to USD 58.42 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period [1] Market Dynamics - Rising automation in production and distribution is driving demand for SCM solutions that align planning with real-time execution, enhancing efficiency and reducing errors [3] - The need for actionable insights from operational data is pushing companies towards intelligent SCM platforms that improve forecasting and streamline costs [3] - Mobile-first SCM tools are optimizing business performance by providing real-time access to information and enhancing agility in supply chain execution [4][5] Regional Insights - The US is the largest market for supply chain management, driven by operational resilience, digital transformation, and end-to-end visibility [6] - High demand from sectors such as manufacturing, retail, healthcare, and e-commerce is fueling investments in logistics optimization and warehouse automation [6] Deployment Trends - Cloud-based deployments in SCM are expected to witness the highest growth rate, offering scalable and remotely accessible platforms that enhance agility and reduce IT maintenance [7] - These cloud solutions support core modules such as planning, sourcing, production, logistics, and fulfillment, making them the preferred model across industries [7] Technological Opportunities - Digital twins and scenario simulation are transforming supply chain planning by allowing organizations to model and trial the effects of different decisions in real-time [8] - These technologies help businesses anticipate responses to disruptions and streamline resource deployment, enhancing strategic planning [8]