Aramark (NYSE:ARMK), a global leader in food, facilities management and uniforms, announced that it will host a conference call to review its second quarter 2020 earnings on Tuesday, May 5, 2020 at 8:30 a.m. ET. A news release containing second quarter 2020 results will be issued before the call.
In celebration of School Lunch Hero Day (May 1) and in the midst of the largest public health crisis in recent history, Philadelphia-based Aramark (NYSE:ARMK) is saluting the dedicated school nutrition professionals across the country. The nation’s leading provider of K-12 food & nutrition services also announced today that it is serving one million meals a day to students, and it has safely provided 20 million meals to students in hundreds of school districts across the country, since the beginning of the coronavirus pandemic.
Aramark (NYSE: ARMK) announced today the pricing by its indirect wholly owned subsidiary, Aramark Services, Inc. (the "Issuer"), of $1.5 billion aggregate principal amount of 6.375% senior unsecured notes due 2025 (the "Notes"). The aggregate principal amount of Notes to be issued in the offering was increased to $1.5 billion from the previously announced $1.25 billion. The Issuer intends to use the net proceeds from the offering of the Notes for general corporate purposes.
Aramark (NYSE: ARMK) announced today the successful closing by its indirect wholly owned subsidiary, Aramark Services, Inc. (the "Issuer"), of its previously announced upsized private offering of $1.5 billion aggregate principal amount of 6.375% senior unsecured notes due 2025 (the "Notes"). The aggregate principal amount of Notes issued in the offering was increased to $1.5 billion from the initial $1.25 billion due to strong lender demand. The Issuer intends to use the net proceeds from the offering of the Notes for general corporate purposes.
Aramark (NYSE:ARMK), a global leader in food, facilities management and uniforms, provided preliminary results for the second quarter fiscal 2020 in conjunction with a proposed offering of debt securities. The Company’s second quarter performance reflects the benefits of its highly diversified business—extensive offerings, sectors, geographies, and client portfolio—and low fixed cost, low asset intensity operating model. In addition, Aramark and its secured lenders agreed to amend the covenants on their secured facilities to further enhance the Company’s financial flexibility.
Aramark (NYSE:ARMK), a global leader in food, facilities management and uniforms, announced that members of its management team will participate in fireside chat sessions and meetings with investors throughout the day at the following upcoming virtual investor conferences:
As the country continues to fight the COVID-19 pandemic, Aramark (NYSE: ARMK) salutes the strength and courage of frontline medical professionals. In recognition of their tireless efforts and in celebration of National Nurses Week (May 6-12) and National Hospital Week (May 10-16), Aramark announced today it has made a donation to the American Red Cross Coronavirus Outbreak Fund in their honor.
Aramark (NYSE: ARMK), a global leader in food, facilities management and uniforms, has been named 23 on DiversityInc’s listing of the Top 50 Companies for Diversity, up six spots from 2019.
Aramark (NYSE: ARMK) announced today that its indirect wholly owned subsidiary, Aramark Services, Inc. (the "Issuer"), intends to privately offer $1,250 million aggregate principal amount of senior unsecured notes due 2025 (the "Notes"). The Issuer intends to use the net proceeds from the offering of the Notes for general corporate purposes.
Q2 2020 Aramark Earnings Call
Moody's Investors Service ("Moody's") downgraded Aramark Services, Inc.'s ("Aramark") corporate family rating ("CFR") to Ba3 from Ba2, probability of default rating ("PDR") to Ba3-PD from Ba2-PD, senior secured to Ba2 from Ba1 and senior unsecured to B1 from Ba3. The Speculative Grade Liquidity ("SGL") rating is maintained at SGL-1. "The disruption to Aramark's businesses from the COVID-19 pandemic will further stress the company's credit metrics, which were already weakly positioned in its rating category, driving the ratings downgrade," said Edmond DeForest, Moody's Vice President and Senior Credit Officer.
Aramark (ARMK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Aramark (NYSE: ARMK), a global leader in food, facilities management, and uniforms, today unveiled Aramark EverSafe™ to heighten the protection of everyone the Company serves. This multi-dimensional platform, which will support the safe reopening and sustainable management of client locations around the world, reflects Aramark’s deep operational expertise and leverages the full force of its enterprise offering. EverSafe is designed to empower employees, students, patients, customers, and guests to feel more confident and safe, wherever they work, learn, play, explore, recover, and rehabilitate.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Aramark Services, Inc. New York, May 20, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Aramark Services, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service ("Moody's") said that Aramark Services, Inc.'s ("Aramark") proposed notes due 2025 will boost the company's cash pile to over $2 billion, which Moody's considers a positive liquidity development, while increasing financial leverage by adding more debt, which Moody's considers a negative credit development. Given the balance of positive and negative impacts from the transaction, the ratings, including the Ba3 corporate family and B1 senior unsecured ratings, as well as the stable outlook, are unchanged at this time.
Thank you and welcome to Aramark's Second Quarter Fiscal 2020 Earnings Conference Call and Webcast. This morning we will be hearing from our Chief Executive Officer John Zillmer; as well as our Chief Financial Officer Tom Ondrof.
Aramark (NYSE: ARMK) today reported second quarter fiscal 2020 results.
Aramark (ARMK) delivered earnings and revenue surprises of 4.17% and 0.71%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
NYC Healthcare Heroes is expanding the program to deliver thousands of bags of food and supplies to over 5,000 EMS and disaster services workers.
As workplaces, sports and entertainment venues, schools, colleges and universities, and other places of business begin to resume operations, Aramark (NYSE: ARMK), a global leader in food, facilities management and uniforms, has developed customized plans to create safe and hygienic dining experiences for everyone the Company serves.