earnings
confidence high
sentiment positive
materiality 0.85
Aramark reports FY24 record revenue $17.4B (+8% YoY); raises dividend 11%, authorizes $500M buyback
Aramark
2024-FY EPS reported
$0.99
revenue$17,400,701,000
- FY24 revenue $17.4B, up 8% YoY (organic +10%); GAAP EPS $0.99 (down 42% due to prior-year gain), adjusted EPS $1.55 (+35%).
- Record AOI $882M, up 20% constant currency; leverage ratio improved 50 bps to 3.4x; free cash flow $323M (+121%).
- Board approved 11% dividend increase to $0.105/share, payable Dec 12, record Dec 2; also authorized $500M share repurchase program.
- FY2025 outlook: organic revenue +7.5-9.5%, AOI +15-18%, adj. EPS +23-28% (constant currency); leverage target ~3.0x.
- Annualized gross new business wins exceeded $1.4B (9% of prior revenue); core Foodservice retention 95.2%.