Home / Knowledge / News / Apparel/Garments / Aramark Q2'FY14 adjusted operating income up 6%
Aramark Q2'FY14 adjusted operating income up 6%
12
May '14
Aramark Holdings Corporation, the $14 billion global provider of award winning services in food, facilities management, and uniforms, reported second quarter 2014 results with strong sales, solid adjusted operating income growth and several key account wins.
 
KEY SECOND QUARTER HIGHLIGHTS  
-Sales of $3.5 billion, with organic growth of 4%;
-Adjusted operating income of $197.8 million up 6%, operating income of $120.8 million;
-Adjusted net income of $75.2 million, net income of $13.1 million;
-Adjusted earnings per share of $0.31, earnings per share of $0.05;
-Quarterly dividend declared.
 
KEY YEAR-TO-DATE HIGHLIGHTS  
-Sales of $7.3 billion, with organic growth of 5%;
-Adjusted operating income of $457.4 million up 12%, operating income of $278.0 million.
 
"I am pleased to report strong business results for the second quarter and first half of 2014," said Eric J. Foss, President and Chief Executive Officer.  "We experienced growth across all segments and continued our journey to improve profitability.  We are investing for the future by building the Aramark brand and ensuring our front-line associates have the training, tools, and technology to build a strong connection with our customers and consumers.  We remain confident in our ability to drive continued growth and shareholder value."
 
SECOND QUARTER RESULTS 
Sales were $3.5 billion versus $3.4 billion in the second quarter of 2013, with organic growth of 4%. Adjusted operating income was $197.8 million versus $187.3 million last year, an increase of 6%. Unusually severe winter weather during the quarter affected results at a number of client locations. 
 
Adjusted net income for the quarter was $75.2 million or $0.31 per share, versus adjusted net income of$53.6 million or $0.26 per share in the second quarter of 2013. The diluted share count in the second quarter was 243.4 million shares, up from 208.6 million shares in the same period last year, primarily as a result of the company's initial public offering this past December.          
 
Click here to view full results.
 

Aramark

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search