Aramark Reports Fourth Quarter and Full Year 2020 Earnings

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Go back to Aramark Reports Fourth Quarter and Full Year 2020 Earnings

Aramark Services (ARMK) Misses Q4 EPS by 1c, Revenues Beat

November 17, 2020 6:35 AM EST

Aramark Services (NYSE: ARMK) reported Q4 EPS of ($0.35), $0.01 worse than the analyst estimate of ($0.34). Revenue for the quarter came in at $2.79 billion versus the consensus estimate of $2.66 billion.

Q4 SUMMARY

Generated positive cash flow and maintained strong liquidity

Cash provided by operating activities of $252 million; Free Cash Flow generation of $146 million in the quarterApproximately $2.6 billion cash availability at quarter-endSubsequent to quarter-end, paid down $680 million on revolving credit facility

Revenue (32)%; Organic Revenue (36)%

Sequential quarterly revenue improvement versus prior year across all segmentsEducation led progress with university... More