Highest-materiality recent filing
Aramark Q2: Revenue $4.9B +15% YoY; Adj EPS $0.49 +40%; updates FY outlook
Revenue $4.9B (+15% YoY); Organic revenue +12%; record $1B new business wins year-to-date.
Aramark awards $3M RSU grants to two COOs tied to CEO succession
Marc Bruno (COO U.S. Food & Facilities) and Carl Mittleman (COO International) each receive $3M in RSUs.
Aramark Q1 revenue $4.83B (+6% YoY); adjusted EPS $0.51 flat; reiterates FY2026 guidance
Revenue $4.832B (+6% YoY); organic +5% (would have been +8% without calendar shift from 53rd week).
All 11 director nominees elected with over 97% of votes cast for each (excluding broker non-votes).
Aramark Services refinances $2.384B term loans via Amendment No. 19; new B-10 loans due 2030
Amendment No. 19 refinances $2,384,140,862.90 of U.S. Term B-8 Loans with new U.S. Term B-10 Loans maturing June 2030.
Record annualized gross new business $1.6B (+12% YoY); retention rate 96.3%; net new business 5.6% of prior revenue.
Aramark reprices $730M term loans with new B-9 tranche, matures Apr 2028
Issued $730,458,023.44 in U.S. Term B-9 Loans on Aug 15, 2025, maturing April 2028.
Aramark Q3 revenue $4.626B (+6% YoY); adj EPS $0.40 (+29%); reaffirms FY guidance
Revenue $4.626B (+6% YoY, +5% organic); record revenue for any quarter in Global FSS history.
Aramark Q2 revenue +2% to $4.3B, adj EPS +22% to $0.34; reaffirms FY25 outlook
Revenue $4.28B (+2% GAAP, +3% organic); GAAP EPS $0.23 (+15%), adj EPS $0.34 (+22%).
Aramark subsidiary issues €400M 4.375% Senior Notes due 2033 to refinance 2025 notes
Issued €400M 4.375% Senior Notes due 2033 via Aramark International Finance S.à r.l.
Aramark prices €400M 4.375% senior notes due 2033 to refinance upcoming maturity
Issued €400M aggregate principal of 4.375% senior unsecured notes due 2033 via foreign subsidiary.
Aramark launches €400M senior notes offering to refinance €325M 2025 notes
€400M senior unsecured notes due 2033 launched by subsidiary Aramark International Finance S.à r.l.
Aramark subsidiary closes $1.395B Term B-8 debt issuance, refinancing notes
New $1.395B U.S. Term B-8 Loans established Feb 18, 2025.
Aramark Q1 revenue $4.55B (+3% YoY); adj. EPS $0.51 (+25%); reaffirms FY25 outlook
Revenue $4.55B (+3% YoY), organic +5%; foodservice organic +6%. GAAP EPS $0.39 (+264%), adj. EPS $0.51 (+25%).
All 11 directors elected with majority support; highest against votes (6.9M) for Stephen I. Sadove.
Aramark to redeem $551.5M of 5.000% Senior Notes due 2025; issues $1,395M new term loans
Issuer to redeem all $551,538,000 of 5.000% Senior Notes due 2025 on Feb 18, 2025 at 100% plus accrued interest.
Aramark appoints Richard Dreiling (ex-Dollar Tree CEO) to board; will serve on two committees
Board expanded to 11 members; Dreiling, 71, appointed effective Dec. 9, 2024.
Aramark reports FY24 record revenue $17.4B (+8% YoY); raises dividend 11%, authorizes $500M buyback
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%).
Aramark grants CEO Zillmer $5M in RSUs with succession-based vesting
RSUs granted Aug 15, 2024, with grant-date fair value of $5,000,000.
Aramark Q3 revenue $4.4B (+8% YoY); raises FY2024 guidance
Q3 organic revenue +11% YoY; GAAP EPS $0.22, adjusted EPS $0.31 (+51% constant currency).
Aramark refinances credit facilities with $1.4B revolver and new term loans due 2029
New $1.4B revolving credit facility maturing Aug 2029; LC sublimit raised to $500M from $250M.
Aramark extends Strategic Advisor Thomas Ondrof's retirement to January 31, 2025
Thomas Ondrof will serve as Strategic Advisor through January 31, 2025, delayed from May 31, 2024.
Aramark Q2 revenue +7% to $4.2B, AOI +29%, raises FY organic revenue growth outlook to ~+9%
GAAP EPS $0.20 (+271%); Adjusted EPS $0.29 (+79%) on constant-currency basis.
Refinanced $730.5M Term B-5 loans into Term B-7 loans due April 2028; refinanced $1.0945B Term B-6 loans into Term B-8 loans due June 2030.
Aramark Q1 revenue $4.4B (+13%), AOI +28% to $231M; raises FY24 outlook
Q1 organic revenue +13% YoY; FSS US +10%, FSS International +21% (constant currency).
Aramark 2024 annual meeting: all 10 director nominees elected; auditor ratified; say-on-pay approved
All 10 director nominees elected with majority support; Stephen Sadove received 11.8M against votes.
Aramark CFO Tom Ondrof to retire Jan 12, 2024; Jim Tarangelo appointed successor
Tom Ondrof retires as CFO effective Jan 12, 2024; remains Strategic Advisor through May 2024 at $5,000/biweekly.
Aramark Q4 revenue $4.9B (+12%); FY23 EPS $2.57; raises dividend 15%
Q4 organic revenue +11%; Global FSS organic +12%; Uniform Services +5%.
Aramark adjusts PSU targets and increases share authorization by 3.5M post separation
Committee amended FY22 and FY23 PSUs to reflect uniform business separation effective Sep 30, 2023.
Aramark completes spin-off of Vestis uniforms business; 1:2 ratio
Distribution of 130,725,188 Vestis shares effective 12:01 a.m. ET on Sept. 30, 2023.
Aramark presents at Citi 2023 Growth Conference on September 15, 2023
CFO Tom Ondrof and COO International Carl Mittleman present at Citi 2023 Growth Conference in London.
Aramark subsidiary calls $1.5B of 6.375% notes, conditional on spin-off closure
Issuer notifies holders of full redemption of $1.5B 6.375% Senior Notes due 2025.
Aramark Vice Chairman Paul C. Hilal resigns from Board; secondary offering of 21.3M shares completed
Vice Chairman Paul C. Hilal resigned from Aramark's board on August 9, 2023, immediately prior to underwriting agreement execution.
Aramark Q3 revenue $4.75B (+15% YoY), GAAP EPS $1.29, raises FY23 outlook
Revenue $4.749B (+15% YoY); organic revenue +14%; adjusted EPS $0.36 (+48% constant currency).
Aramark approves bylaw amendments regarding universal proxy rules for shareholder nominations
Board approved Fourth Amended and Restated By-Laws effective August 1, 2023.
Aramark refinances $1.1B in term loans, extending maturity to 2030
New U.S. Term B-6 Loans of $1.1B, due June 2030, refinance existing U.S. Term B-3 Loans.
Aramark Q2 revenue $4.6B (+19%), EPS $0.21 (+50%); raises FY2023 outlook
Revenue $4.6B (+19% YoY); organic revenue +19% driven by net new business and pricing.
Revenue $4.6B (+17% YoY), organic revenue +18%; operating income $200M (+42%), adjusted operating income $242M (+47%).
Aramark shareholders approve 2023 Stock Incentive Plan with 8.5M shares
Shareholders approved 2023 Stock Incentive Plan; 8,500,000 shares authorized for issuance.
Daniel J. Heinrich notified Aramark he will not stand for re-election to the Board at the 2023 annual meeting.
Aramark EVP HR Lynn McKee to retire Dec 31, 2022; Abigail Charpentier named Chief HR Officer
Lynn McKee, EVP HR for 18 years, retires Dec 31, 2022; Board accelerated planned retirement from Dec 1, 2023.
Aramark reports record FY2022 revenue $16.3B; Q4 EPS $0.29; guides FY2023 AOI +34-39%
Q4 revenue $4.4B (+24% YoY); organic revenue +26%, reaching 113% of pre-COVID levels.
Aramark Q3 revenue $4.1B (+38% YoY), organic +39%; raises FY22 organic growth guidance to +31-32%
Revenue $4.127B, 103% of pre-COVID levels; organic revenue +39% with double-digit growth across all segments.
Revenue $3.86B (+37% YoY); organic revenue +35% with double-digit growth in all segments.
Aramark to spin off Uniform Services into independent public company by end of fiscal 2023
Armark Uniform Services (AUS) to be separated into an independent publicly traded company via tax-free spin-off by end of fiscal 2023.
Rick Dreiling resigns from Aramark's Board effective April 5, 2022
Director Rick Dreiling resigned from the Board on April 5, 2022, effective immediately.
Aramark posts Q1 revenue $3.95B (+44% YoY); EPS $0.17 vs -$0.32
Revenue $3.948B, organic +41%; operating income $140M vs -$20M a year ago.
Aramark shareholders elect directors and ratify auditor at 2022 Annual Meeting
All 12 director nominees elected with each receiving over 188 million votes in favor.
Aramark director Irene Esteves not standing for re-election at 2022 annual meeting
Irene Esteves notified the company on Dec 14, 2021 that she will not stand for re-election at the 2022 annual meeting.
Aramark Q4 revenue $3.55B (+32%), adjusted EPS $0.21; record net new business >$500M
Q4 revenue $3.55B (+32% YoY); organic revenue +37%; operating income $132M vs loss $94M.
Mr. Ondrof will continue to serve as Strategic Advisor to the Company through January 31, 2025 and will retire on such date.
On December 11, 2023, Aramark (the “ Company ”) announced that Thomas Ondrof, Executive Vice President and Chief Financial Officer, will retire on January 12, 2024 and James Tarangelo, currently the Company’s Senior Vice President, Finance and Treasurer, will become Senior Vice President and Chief Financial Officer, effective January 13, 2024.
On December 11, 2023, Aramark (the “ Company ”) announced that Thomas Ondrof, Executive Vice President and Chief Financial Officer, will retire on January 12, 2024 and James Tarangelo, currently the Company’s Senior Vice President, Finance and Treasurer, will become Senior Vice President and Chief Financial Officer, effective January 13, 2024.
On August 9, 2023, Paul C. Hilal, the Vice Chairman of the board of directors (the “ Board ”) of Aramark (the “ Company ”) and the Chief Executive Officer of Mantle Ridge LP, resigned from the Board immediately prior to the execution of the underwriting agreement in connection with the Offering described below.
On December 13, 2022, Daniel J. Heinrich notified Aramark (the “Company”) of his decision not to stand for re-election to the board of directors of the Company (the “Board”) at the 2023 annual meeting of shareholders.
On December 2, 2022, the Board approved the appointment of Abigail Charpentier, age 49, as Senior Vice President, Chief Human Resources Officer, effective as of January 1, 2023.
On December 2, 2022, the Board of Directors of the Company (the “Board”) informed Ms. McKee that it would accelerate her planned retirement date to December 31, 2022.
On April 5, 2022, Rick Dreiling notified Aramark (the “Company”) of his decision to resign from the Company’s Board of Directors, effective as of the same date.
On December 14, 2021, Irene Esteves notified us of her decision not to stand for re-election to our board of directors at the 2022 annual meeting of shareholders.
On July 19, 2021, Aramark’s Board of Directors elected Chris Schilling as Senior Vice President, Controller and Chief Accounting Officer and the principal accounting officer of Aramark effective the same date.
Aramark’s Executive Vice President and Chief Financial Officer, Tom Ondrof, who had been performing the duties of principal financial officer and principal accounting officer of Aramark, ceased to perform the duties of principal accounting officer on July 20, 2021 in connection with the effectiveness of Mr. Schilling’s appointment.
On July 13, 2021, Calvin Darden notified Aramark (the “Company”) of his decision to retire from the Company’s Board of Directors, effective as of the same date.
Max materiality 0.90 · Median 0.57 · Most common event earnings