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Aramark (NYSE: ARMK) is a global leader in providing innovative services in food, facilities management, and uniforms. United by a passion to serve, Aramark’s dedicated team of over 270,000 employees makes a meaningful difference each day in 19 countries around the world. Recognized as one of the world’s most admired companies by Fortune, Aramark is also rated number one among diversified outsourcing companies and is celebrated as an employer of choice by the Human Rights Campaign and DiversityInc.
Aramark’s core business is segmented into three primary areas: Food and Support Services North America, Food and Support Services International, and Uniform and Career Apparel. The Food and Support Services segments cater to a wide range of clients, including school districts, colleges, healthcare facilities, correctional institutions, and business, sports, and entertainment venues. The Uniform segment focuses on renting, delivering, cleaning, and maintaining work attire and ancillary items like towels and mats, with operations in North America and Japan.
Aramark’s commitment to inclusivity and community impact is evident through its recent initiatives and partnerships. For example, in May 2024, Aramark partnered with the Lester and Rosalie Anixter Center and Triton College to provide employment opportunities for people with disabilities. This event underscores Aramark’s dedication to fostering access, opportunity, and belonging for everyone.
Financially, Aramark continues to show resilience and growth. With numerous service locations and distribution centers across the United States and Canada, Aramark maintains a robust presence in the market. The company’s strategic focus on innovation and customer satisfaction ensures it remains at the forefront of the industry.
Aramark reported a strong first quarter for fiscal 2023, with consolidated revenue of $4.6 billion, a 17% year-over-year increase. Organic revenue growth stood at 18%, driven by net new business and pricing across all segments. Operating income rose 42% to $200 million, and adjusted operating income improved 47% to $242 million. EPS surged 65% to $0.28, with a currency impact of $0.02 on EPS. Aramark announced the sale of its 50% stake in AIM Services for $535 million, aimed at debt repayment and operational focus enhancement. The company remains committed to driving profitable growth amidst a challenging macro environment.
Aramark (NYSE: ARMK) has agreed to sell its 50% stake in AIM Services to Mitsui & Co., Ltd. for
Aramark (NYSE:ARMK) will host a conference call on February 7, 2023, at 8:30 a.m. ET to discuss its first quarter fiscal 2023 results. A preceding news release with the results will be distributed. The call will be available live on the Aramark Investor Relations website.
Participants can register for dial-in access here. An archived replay and related materials will be accessible on the website following the call.
Aramark volunteers actively engaged in community service throughout December, contributing to approximately 35 holiday events. In collaboration with the Urban League of Philadelphia, they delivered over 200 toys and clothing items to families in need. Additionally, volunteers honored fallen U.S. veterans during Wreaths Across America Day across multiple cities. Other initiatives included providing food for the Navajo Nation Reservation and supporting local organizations with donations and activity bags for children. This effort reflects Aramark's commitment to community support and teamwork.
Aramark Germany has launched a new series of plant-based dishes to coincide with Veganuary 2023, promoting a healthier and sustainable diet. The initiative showcases nine chefs collaborating to develop innovative recipes that are entirely plant-based, appealing to growing demand for vegan options. Arnd Rune Thomas, President of Aramark Germany, emphasized the importance of these meals for both health and the environment. Additionally, by 2025, Aramark plans to ensure that 44% of its U.S. dining menu will be plant-based, reflecting its commitment to sustainability.
Aramark (NYSE: ARMK) announces the retirement of Lynn McKee, Executive Vice President for Human Resources, after 42 years of dedicated service, effective year-end 2022. Abigail Charpentier, Senior Vice President of Human Resources for U.S. Food & Facilities, will succeed her as Chief Human Resources Officer starting January 1, 2023. CEO John Zillmer praised McKee's legendary contributions, including navigating significant events like 9/11 and Covid. Charpentier, an Aramark employee since 1995, is recognized for her exceptional HR experience and transformation leadership.
Aramark (NYSE: ARMK) announced that CEO John Zillmer will attend the Redburn 2022 CEO Conference on November 29, 2022. The event features a Fireside Chat session at 8:00 a.m. E.T..
Investors can watch the live webcast and replay through the Investor Relations section of the Aramark website.
Aramark serves numerous sectors globally, ranking No. 1 in Divested Outsourcing Services by FORTUNE in 2022.
Aramark (NYSE: ARMK) reported impressive Q4 and fiscal 2022 results, achieving record annual revenue of $16.3 billion, a 35% increase year-over-year. Q4 revenue reached $4.4 billion, up 24%, with organic revenue growth of 26%. Operating income rose 50% to $198 million, with adjusted operating income increasing 62% to $267 million. EPS rose from $0.14 to $0.29 for Q4, and adjusted EPS more than doubled to $0.49. The company maintained a 95.3% retention rate and announced a quarterly dividend of $0.11 per share, payable in December 2022.
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