secwatch.observer — SEC 8-K summary
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Issuer:     Aramark (ARMK)
CIK:        0001584509
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001584509-24-000203
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aramark reports FY24 record revenue $17.4B (+8% YoY); raises dividend 11%, authorizes $500M buyback
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584509/000158450924000203/0001584509-24-000203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584509/000158450924000203/cik0-20241111.htm
  HTML page:      https://secwatch.observer/filing/0001584509-24-000203

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