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Aramark
🇺🇸 NYSE:ARMK
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•
Jun 28, 2024

Aramark Q3 2024 Earnings Report

Aramark achieved record revenue and income, driven by broad-based organic revenue growth and effective cost management.

Key Takeaways

Aramark reported strong third quarter fiscal 2024 results, with record revenue and income. Organic revenue grew by 11%, driven by increased base business volume, pricing, and net new business. The company raised its full-year fiscal 2024 outlook due to this strong performance.

Revenue increased by 8%, with organic revenue growth of 11%.

Operating Income increased 22%; Adjusted Operating Income (AOI) increased 21%.

GAAP EPS decreased (80)% to $0.22; Adjusted EPS increased 51% to $0.31.

The company raised its full-year fiscal 2024 outlook due to strong performance.

Total Revenue
$4.38B
Previous year: $4.75B
-7.9%
EPS
$0.31
Previous year: $0.36
-13.9%
Organic Revenue Change
11%
Previous year: 14%
-21.4%
Gross Profit
$227M
Previous year: $434M
-47.7%
Cash and Equivalents
$436M
Previous year: $402M
+8.4%
Free Cash Flow
$72.8M
Previous year: -$80M
-191.0%
Total Assets
$12.5B
Previous year: $15.4B
-18.5%

Aramark

Aramark

Aramark Revenue by Segment

Forward Guidance

Aramark anticipates its full-year Outlook to be the following: Organic Revenue Growth At ~ +10%, AOI Growth At ~ +20%, Adjusted EPS Growth At ~ +35%, Leverage At ~ 3.5x

Positive Outlook

  • Organic Revenue Growth At ~ +10%
  • AOI Growth At ~ +20%
  • Adjusted EPS Growth At ~ +35%
  • Leverage At ~ 3.5x

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Aramark