Aramark(US:ARMK)2021-08-10 13:34Q3 Summary - Increased business activity led to client reopenings[5] - Sequential quarterly improvement across all business segments[5] - Higher profitability resulted from rebounding sales and cost management[5] - Aramark repaid $500 million in debt and extended maturities on $2.6 billion of borrowings[5] - Increased revolver capacity by over $200 million[5] - Cash availability of approximately $1.9 billion at quarter-end[5, 9] Organic Revenue Trends - Q3 organic revenue reached 73% of pre-COVID levels[6] - FSS United States segment was led by Leisure and Sports & Entertainment businesses[6] - FSS International balanced strong healthcare performance in China and mining in Chile[6] - Uniform & Career Apparel adjacency services delivered double-digit growth[6, 24] Fiscal 2021 Outlook - Continued organic revenue improvement, reaching 80% to 85% of 2019 levels[28] - Adjusted Operating Income (AOI) margin is expected to be in the range of 4.5% to 5.0%[28] - Free Cash Flow outlook raised to generating $150 million to $250 million for fiscal 2021[28]