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

Courtesy: Nandan Denim

Textiles | On 29th Sep 2016

Nandan Denim to raise Rs 100 crore through FPIs

Indian denim fabric producer Nandan Denim Ltd (NDL) plans to raise Rs ...

Textiles | On 29th Sep 2016

Maharashtra may dethrone Gujarat in cotton production

After facing a drought in the major cotton growing region of...

NITRA's Board meeting in progress. Courtesy: NITRA

Textiles | On 29th Sep 2016

Textile industry at a very important threshold: NITRA

India’s textile industry is at a very important threshold. It has a...

Interviews View All

Veronique Lee
Modavanti

Anvita Mehra
Confidential Couture

Spokesperson
Hugo Boss

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Judy Frater
Somaiya Kala Vidya

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search