Aramark Services (ARMK) Tops Q1 EPS by 10c

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Go back to Aramark Services (ARMK) Tops Q1 EPS by 10c

Aramark Reports First Quarter Earnings

February 9, 2021 6:30 AM EST

SUMMARY

Effective cash flow management led to ongoing strong cash availability Cash used in operating activities improved $194 million and Free Cash Flow improved $225 million compared to prior year period Approximately $2.4 billion cash availability at quarter-end Revenue (35)%; Organic Revenue (36)% Stable sequential quarterly revenue performance versus prior year across all segments Continued to partner with clients in preparation for business reemergence EPS of $(0.32); Adjusted EPS of $(0.31) Disciplined cost management while... More