earnings
confidence high
sentiment positive
materiality 0.85
Aramark Q4 revenue $4.9B (+12%); FY23 EPS $2.57; raises dividend 15%
Aramark
2023-FY EPS reported
$2.57
revenue$18,853,857,000
- Q4 organic revenue +11%; Global FSS organic +12%; Uniform Services +5%.
- Q4 AOI $339M (+28% constant currency); FY23 AOI $1.035B (+34%).
- Adjusted EPS Q4 $0.64 (+34%); FY23 $1.70 (+50%); GAAP EPS $2.57 includes gain on sale.
- Completed Uniform Services spin-off (Vestis, VSTS) on Sept 30, 2023; redeemed $1.5B notes saving ~$100M/year.
- FY24 outlook: organic revenue +7-9%; AOI +15-20%; adjusted EPS +25-35%; leverage ~3.5x.