Aramark Reports Fourth Quarter and Full Year 2020 Earnings
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Aramark Services (ARMK) Misses Q4 EPS by 1c, Revenues Beat
November 17, 2020 6:35 AM ESTAramark 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 facilityRevenue (32)%; Organic Revenue (36)%
Sequential quarterly revenue improvement versus prior year across all segmentsEducation led progress with university... More