ARAMARK Holdings Corp. ( (ARMK) ) has released its Q4 earnings. Here is a breakdown of the information ARAMARK Holdings Corp. presented to its investors.
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Aramark Holdings Corp. is a leading global provider of food, facilities, and uniform services, operating across 16 countries and serving various sectors including education, healthcare, and sports. The company stands out for its commitment to sustainability and diversity, receiving numerous accolades for its corporate responsibility and inclusive workplace practices.
In its fiscal 2024 earnings report, Aramark delivered strong financial results, meeting its financial outlook and recording the highest annual revenue in its Food and Support Services (FSS) history. The company announced a new $500 million share repurchase program, signaling confidence in its growth trajectory.
Key financial highlights from the report include an 8% increase in total revenue to $17.4 billion and a 10% rise in organic revenue. Operating income grew by 13% while adjusted operating income rose by 20%, showcasing improved profitability and operational efficiency. Adjusted earnings per share saw a significant 35% increase, highlighting the successful execution of growth strategies.
Looking forward, Aramark aims to maintain its growth momentum into fiscal 2025, with expectations of continued organic revenue and adjusted earnings per share growth. The company plans to leverage its strong financial position to focus on new business opportunities and further strengthen its balance sheet.
