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Aramark (ARMK.N)

ARMK.N on New York Stock Exchange

41.42USD
20 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Aramark Reports First Quarter 2018 Earnings
Tuesday, 6 Feb 2018 06:30am EST 

Feb 6 (Reuters) - Aramark ::REPORTS FIRST QUARTER 2018 EARNINGS AND INCREASES 2018 OUTLOOK.Q1 ADJUSTED EARNINGS PER SHARE $0.59.RAISES FY 2018 ADJUSTED EARNINGS PER SHARE VIEW TO $2.15 TO $2.30 INCLUDING ITEMS.Q1 EARNINGS PER SHARE $1.16.Q1 SALES ROSE 5 PERCENT TO $4.0 BILLION.‍FULL-YEAR 2018 OUTLOOK INCREASES DUE TO TAX REFORM BENEFIT​.‍ CONTINUES TO EXPECT 2018 FULL-YEAR FREE CASH FLOW OF GREATER THAN $400 MILLION​.‍2018 OUTLOOK NOW INCLUDES ABOUT 20 CENTS EXPECTED BENEFIT RELATED TO TAX REFORM.FY2018 EARNINGS PER SHARE VIEW $2.15 -- THOMSON REUTERS I/B/E/S.Q1 EARNINGS PER SHARE VIEW $0.56, REVENUE VIEW $3.87 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Aramark Announces Offering Of Senior Notes
Wednesday, 10 Jan 2018 08:29am EST 

Jan 10 (Reuters) - Aramark ::ARAMARK - UNIT INTENDS TO PRIVATELY OFFER $1,150 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES DUE 2028.ARAMARK - UNIT TO USE NET PROCEEDS FROM OFFERING OF NOTES, WITH CASH ON HAND, TO PAY FOR ACQUISITION OF AMERIPRIDE SERVICES, AMONG OTHERS.ARAMARK ANNOUNCES OFFERING OF SENIOR NOTES.  Full Article

Aramark Says Aramark Intermediate Holdco And Certain Units Of Co Entered Incremental Amendment No. 2
Tuesday, 12 Dec 2017 09:14am EST 

Dec 12 (Reuters) - Aramark ::ARAMARK - ‍ON DECEMBER 11, UNIT, ARAMARK INTERMEDIATE HOLDCO AND CERTAIN UNITS OF CO ENTERED INCREMENTAL AMENDMENT NO. 2 - SEC FILING​.ARAMARK- AMENDMENT PROVIDES INCREMENTAL SENIOR SECURED CREDIT FACILITY OF U.S. DOLLAR DENOMINATED 'TERM B-1' LOAN OF $1.785 BILLION, DUE MAR 2025.  Full Article

Marriott to receive about $650 mln for 55 pct interest in Avendra
Monday, 16 Oct 2017 12:40am EDT 

Oct 16 (Reuters) - Marriott : :‍owners of Avendra, LLC have reached a binding agreement to sell avendra to aramark for $1,350 million​.Marriott- ‍after redemption of costs, Avendra's founding shareholders, co, Hyatt,Aaccor, Clubcorp, IHG, expect to receive about $1,180 million in cash.‍Marriott expects to receive approximately $650 million for its 55 percent interest in Avendra​.  Full Article

Aramark to buy Avendra and AmeriPride in deals totaling $2.35 bln
Monday, 16 Oct 2017 12:36am EDT 

Oct 16 (Reuters) - Aramark :Announces two strategic and transformative acquisitions.Says ‍ entered into a definitive agreement under which Aramark will acquire Avendra for a purchase price of $1.35 billion​.Says ‍will acquire AmeriPride for a purchase price of $1.0 billion​.Says ‍anticipates annual cost synergies of approximately $70 million from AmeriPride deal​.Says ‍will finance transactions through issuance of new debt, and has received fully committed financing​.Says ‍anticipates annual procurement cost synergies of approximately $40 million from Avendra deal​.Says ‍board of directors of Aramark has unanimously approved both transactions​.  Full Article

Aramark says ‍units entered into an amendment to credit agreement
Tuesday, 26 Sep 2017 05:31pm EDT 

Sept 26 (Reuters) - Aramark :Aramark says ‍units entered into an amendment to credit agreement, dated march 28, 2017​ - SEC Filing.Aramark-Intends to use borrowings under incremental senior secured credit facilities to repay existing term b loans outstanding under credit agreement.Aramark - term loan facilities were funded in full on amendment closing date.Aramark - amendment provides for loan to aramark canada in amount equal to C$120.0 million, term a loan to Aramark UK in an amount equal to EUR 170.0 million​.  Full Article

Aramark posts Q3 adjusted earnings per share $0.40
Tuesday, 8 Aug 2017 06:30am EDT 

Aug 8 (Reuters) - Aramark :Aramark reports third quarter 2017 earnings.Q3 adjusted earnings per share $0.40.Q3 earnings per share view $0.40 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share $1.90 to $2.00 including items.Q3 revenue $3.6 billion versus I/B/E/S view $3.61 billion.Aramark - ‍outlook for 2017 adjusted EPS remains unchanged within a range of $1.90 to $2.00 per share​.Aramark - ‍is now expecting full-year free cash flow of greater than $425 million​.Outlook for 2017 adjusted EPS remains unchanged within a range of $1.90 to $2.00 per share.Aramark qtrly ‍sales $3.6 billion versus $3.6 billion.Q3 revenue view $3.61 billion -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $1.96 -- Thomson Reuters I/B/E/S.  Full Article

Aramark reports Q2 adjusted earnings per share $0.45
Tuesday, 9 May 2017 06:30am EDT 

May 9 (Reuters) - Aramark : :Aramark reports second quarter 2017 earnings and increases 2017 outlook.Q2 adjusted earnings per share $0.45.Q2 earnings per share view $0.43 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share $1.90 to $2.00 including items.Q2 revenue $3.6 billion versus I/B/E/S view $3.63 billion.Aramark - continues to expect full-year free cash flow of greater than $350 million.Aramark - improved FY outlook is due to lower interest and tax-related expenses.Aramark - qtrly earnings per share attributable to aramark stockholders $0.28.Aramark - outlook for 2017 adjusted EPS includes 2 cents of currency headwind.  Full Article

Aramark enters into a credit agreement
Tuesday, 28 Mar 2017 05:31pm EDT 

Aramark - : On March 28 co, units entered into a credit agreement - SEC filing . New senior secured credit agreement provides for senior secured credit facilities in aggregate principal amount of $3,600.0 million - sec filing . Says revolving credit facility matures in 2022 .Term loan facilities were funded in full on closing date and $71.0 million under revolving credit facility was drawn on closing date.  Full Article

Aramark- on March 22 subsidiary priced private offering of EUR 325 mln aggregate principal amount of 3.125 pct senior notes due 2025
Wednesday, 22 Mar 2017 05:42pm EDT 

Aramark : Aramark- on march 22 subsidiary priced a private offering of eur 325.0 million aggregate principal amount of 3.125% senior notes due 2025 - sec filing .Aramark - notes are expected to be issued on or around march 27, 2017 - sec filing.  Full Article

BRIEF-Aramark Reports First Quarter 2018 Earnings

* REPORTS FIRST QUARTER 2018 EARNINGS AND INCREASES 2018 OUTLOOK