Aramark
0HHB.L
$38.40 1.19%
Exchange: LSE | Sector: Industrials | Industry: Specialty Business Services
Q3 2024
Published: Aug 6, 2024

Earnings Highlights

  • Revenue of $4.38B down 0.7% year-over-year
  • EPS of $0.22 increased by 100% from previous year
  • Gross margin of 5.2%
  • Net income of 58.13M
  • ""Our strategic focus on improving operational efficiency has resulted in better cost management and improved service delivery."" - John Zillmer, CEO

Aramark (0HHB.L) Q3 2024 Financial Results: Improvement in Net Income Reflects Operational Resilience

Executive Summary

Aramark's Q3 2024 results revealed a notable increase in net income, reaching $58.13 million, up 103.69% year-over-year, indicating a strong operational recovery despite ongoing challenges in the Specialty Business Services sector. The company's quarterly revenue totaled $4.38 billion, an uptick of 4.19% from the previous quarter, reflecting a steady demand for food and support services. Management attributes this growth to strategic operational improvements and effective cost management, underscoring the company's resilience amid fluctuating market conditions. Gross profit margins remain suboptimal at approximately 5.19%, a slight decline year-over-year, highlighting cost pressures in the sector. Nonetheless, management's commentary during the earnings call emphasized a renewed focus on efficiency initiatives to enhance profitability moving forward. As Aramark navigates these challenges, investors should monitor key performance indicators and management strategies closely to gauge future performance and potential growth.

Key Performance Indicators

Revenue

4.38B
QoQ: 4.19% | YoY:-0.72%

Gross Profit

227.08M
5.19% margin
QoQ: 2.45% | YoY:-11.69%

Operating Income

161.68M
QoQ: -0.56% | YoY:-24.61%

Net Income

58.13M
QoQ: 8.75% | YoY:103.69%

EPS

0.22
QoQ: 10.00% | YoY:100.00%

Revenue Trend

Margin Analysis

Key Insights

**Revenue**: $4.38 billion (QoQ growth of 4.19%, YoY decline of 0.72%). **Gross Profit**: $227.08 million (up 2.45% QoQ, down 11.69% YoY). **Operating Income**: $161.68 million (down 0.56% QoQ, down 24.61% YoY). **Net Income**: $58.13 million (up 8.75% QoQ, up 103.69% YoY). **EPS**: $0.22 (up 10.00% QoQ, up 100.00% YoY). The increase in net income is significant, indicating a recovery in Q3 despite a slight dip in revenue compared to the previous year. The improved net income and EPS reflect op...

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2025 4,626.45 0.28 +5.7% View
Q2 2025 4,279.30 0.23 +1.9% View
Q1 2025 4,552.09 0.39 +8.4% View
Q4 2024 4,416.95 -0.52 +0.2% View
Q3 2024 4,376.08 0.22 -0.7% View