Aramark
ARMK
$37.95 0.98%
Exchange: NYSE | Sector: Industrials | Industry: Specialty Business Services
Q4 2024
Published: Nov 19, 2024

Earnings Highlights

  • Revenue of $4.42B down 9.9% year-over-year
  • EPS of $-0.52 decreased by 167.1% from previous year
  • Gross margin of 9.0%
  • Net income of 122.41M
  • ""We also announced this morning that the Board approved a new $500 million share repurchase program, clearly demonstrating our continued confidence in the business and the significant growth opportunities ahead."" - John Zillmer
ARMK
Company ARMK

Executive Summary

Aramark delivered a solid QQ4 2024 performance, building on a year of record results for Global Food & Support Services (FSS). Full-year GAAP revenue of $17.4 billion and adjusted operating income (AOI) of $882 million marked a notable top- and bottom-line accomplishment, with 2024 AOI margin at 5.1% and adjusted EPS of $1.55, up 35% on a constant-currency basis. The fourth quarter showcased continued strength in base volume, pricing normalization, and sustained operating discipline that drove AOI of $271 million (+8% CC) and Q4 adjusted EPS of $0.54 (+14% CC). Management underscored a robust pipeline of net-new opportunities, new client wins across the U.S. and International, and strategic balance-sheet actions, including debt reduction and a new $500 million share repurchase program. Looking ahead, Aramark reaffirmed a constructive 2025 outlook with organic revenue growth guidance of 7.5% to 9.5%, AOI growth of 15% to 18%, and adjusted EPS growth of 23% to 28%, plus a modest 53rd week uplift (~2%) to organic revenue and AOI. The narrative emphasizes a diversified, growth-oriented model supported by AI-enabled client solutions, expanded GPO scale via Avendra International, and a continued focus on deleveraging and capital flexibility.

Key Performance Indicators

Revenue
Decreasing
4.42B
QoQ: 0.93% | YoY: -9.89%
Gross Profit
Decreasing
397.03M
8.99% margin
QoQ: 74.84% | YoY: -23.64%
Operating Income
Decreasing
218.80M
QoQ: 35.33% | YoY: -21.27%
Net Income
Decreasing
122.41M
QoQ: 110.60% | YoY: -40.41%
EPS
Decreasing
-0.53
QoQ: -340.91% | YoY: -167.09%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 4,279.30 0.23 +1.9% View
Q1 2025 4,552.09 0.39 +3.3% View
Q4 2024 4,416.95 -0.52 -9.9% View
Q3 2024 4,376.08 0.22 -10.7% View
Q2 2024 4,199.91 0.20 -11.6% View