ARAMARK Corporation provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It offers food and support services comprising business dining services, such as on-site restaurants, catering, convenience stores, and executive dining rooms; coffee and vending services; and facility management services, including housekeeping, plant operations and maintenance, energy management, laundry and linen, grounds keeping, landscaping, capital program management and commissioning services, and other facility consulting services related to building operations. The company also provides...
1101 Market Street
Philadelphia, PA 19107
Founded in 1959
ARAMARK Holdings Corporation Presents at Baird's 2014 Business Solutions Conference, Feb-26-2014 10:20 AM
Feb 6 14
ARAMARK Holdings Corporation Presents at Baird's 2014 Business Solutions Conference, Feb-26-2014 10:20 AM. Venue: The Pierre, 2 East 61st Street, New York, New York, United States.
ARAMARK Holdings Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 27, 2013; Declares Dividend Payable on March 11, 2014; Provides Earnings Guidance for the Full Year 2014
Feb 5 14
ARAMARK Holdings Corporation reported unaudited consolidated earnings results for the first quarter ended December 27, 2013. For the quarter, the company reported sales were $3,763,081,000 against $3,535,915 a year ago. Operating income was $157,222,000 against $175,319,000 a year ago. Income before income taxes was $73,869,000 against $61,968,000 a year ago. Net income attributable to ARAMARK Holdings stockholders was $44,762,000 or $0.21 per diluted share against $42,814,000 or $0.20 per diluted share a year ago. Net cash used in operating activities was 281,258,000 against 198,939,000 a year ago. Net purchases of property and equipment, and client contract investments and other $76,931,000 against $71,199,000 a year ago. Adjusted net income for the quarter was $111.9 million or $0.52 per share, versus adjusted net income of $70.6 million or $0.34 per share in the first quarter of 2013.
The company's outlook for the year remains unchanged and is consistent with the framework that was communicated in conjunction with the initial public offering. Organic sales growth is expected between 3% and 5% on a 52-week basis; Adjusted operating income in second quarter and subsequent quarters is expected to grow in the mid to high single digits; and, Adjusted earnings per share are expected to be between $1.30 and $1.40 when reflecting the impact of a 53rd reporting week and utilizing a projected estimate of 236 million diluted shares at the end of fiscal 2014.
On February 4, 2014, the company's board of directors declared a 7.5 cent dividend per share of common stock, payable on March 11, 2014, to shareholders of record at the close of business February 18, 2014.
ARAMARK Holdings Corporation to Report Q1, 2014 Results on Feb 05, 2014
Jan 29 14
ARAMARK Holdings Corporation announced that they will report Q1, 2014 results on Feb 05, 2014