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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.
Walk-On's has partnered with Aramark to launch a new restaurant at Purdue's West Lafayette campus, marking its first non-traditional site. Construction of the 4,800-square-foot dining area, featuring popular Louisiana-inspired dishes, is set to complete in January 2022. This initiative aligns with Walk-On's growth strategy, supported by a recent investment from 10 Point Capital and plans for over 150 new locations across the U.S. The collaboration aims to enhance the dining experience for students and the community while leveraging Purdue's Dining Dollars.
Florida State University has entered into a new dining services agreement with Aramark, which will manage over 30 campus eateries generating approximately $31 million annually. Starting January 2021, the agreement enhances the dining experience without increasing meal plan prices during the Spring 2021 semester. It will provide internships, scholarships, and career opportunities for students. Aramark aims to deliver innovative programming and high-quality service while encouraging existing staff to apply for positions with them, as they plan to hire most current employees.
Aramark (NYSE:ARMK) announced that CFO Tom Ondrof will participate in the Credit Suisse 8th Annual Virtual Industrials Conference on December 3rd, 2020. The Fireside Chat session is scheduled to begin at 8:10 a.m. ET. Interested parties can access a live audio webcast and replay through Aramark's Investor Relations section on their website.
Aramark provides food, facilities management, and uniforms services globally, serving various sectors, including education, healthcare, and sports. The company is recognized for its commitment to social responsibility and workplace diversity.
Aramark reported Q4 fiscal 2020 results with $2.7 billion in revenue, down 32% year-over-year due to COVID-19. Organic revenue declined 36%. The company faced a net loss of $149 million and an operating loss of $94 million. Cash availability stood at $2.6 billion. Despite challenges, Aramark's flexible operating model and cost-reduction strategies helped manage expenses. A quarterly dividend of 11 cents per share was declared, payable in December 2020. For fiscal 2021, the company projects organic revenue growth and improved Adjusted Operating Income.
Aramark (NYSE: ARMK), a leader in food and facilities management, announced that CEO John Zillmer and CFO Tom Ondrof will participate in the virtual J.P. Morgan Ultimate Services Investor Conference on November 19, 2020. The Fireside Chat session is set to begin at 9:10 a.m. ET. A live audio webcast and replay will be available on Aramark's Investor Relations website.
Aramark serves diverse sectors such as education, healthcare, and sports across 19 countries, focusing on innovative services and a commitment to sustainability and community engagement.
Aramark has announced a partnership with American Corporate Partners (ACP) to enhance military veteran recruitment, supporting returning veterans in their transition to civilian careers. The initiative aligns with Aramark’s commitment to hiring service members and employs thousands of veterans. ACP offers mentoring and networking opportunities for veterans. Additionally, Aramark's year-round recruitment initiatives include partnerships with Military.com and RecruitMilitary. This move emphasizes Aramark’s dedication to diversity and sustainability, as part of its broader 2025 sustainability strategy.
Aramark (NYSE: ARMK) announced that its Philadelphia headquarters received LEED Silver certification from the U.S. Green Building Council, highlighting its commitment to sustainability. The building features eco-friendly designs including water-saving fixtures that reduce consumption by 35%, Energy Star-certified appliances, and significant waste reduction during construction. This aligns with Aramark's goal to improve well-being and reduce greenhouse gas emissions by 2025. Previously awarded LEED Gold certification for new construction, this recognition emphasizes Aramark's leadership in sustainable workplace design.
Aramark (NYSE: ARMK) will host a conference call on November 17, 2020, at 8:30 a.m. ET to discuss its fourth quarter and full-year fiscal 2020 earnings. A news release detailing the financial results will be issued prior to the call. Interested parties can access the call through the Investor Relations section of the Aramark website or via phone for both domestic and international callers with the provided numbers. Aramark provides services in food, facilities management, and uniforms, impacting millions globally.
RealEats has successfully raised $2.8 million in a Seed Series funding round, led by Finger Lakes Forward Venture Capital Fund L.P.. The investment aims to enhance its meal delivery services that prioritize healthy, farm-to-table options with minimal food waste. The brand's innovative packaging allows meals to remain fresh for up to a week. New president Erik Battes, previously co-CEO of Good Uncle, joins the company as it expands its distribution across 28 states. The capital will support partnerships with local farms and boost job creation in upstate New York.
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