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Aramark (ARMK-0.38%) has submitted its 10-K filing for the fiscal year ended September 27, 2024.
The filing details Aramark's operations in two reportable segments: Food and Support Services United States (FSS United States) and Food and Support Services International (FSS International).
Revenue for the fiscal year was $17.4 billion, an increase from $16.1 billion in the previous year, attributed to base business growth and new business.
Cost of services provided was $15.975 billion, representing 91.8% of revenue, compared to 91.9% in the previous year.
Operating income for the year was $706.5 million, up from $625 million in the previous year.
Aramark reported a net income from continuing operations of $261.9 million, down from $447.1 million in the previous year.
Interest expense, net, decreased to $366.7 million from $437.5 million in the previous year, primarily due to repayment of certain senior notes.
The company completed the separation and distribution of its Uniform segment into an independent publicly traded company, Vestis Corporation, on September 30, 2023.
Aramark's balance sheet shows total assets of $12.7 billion, with cash and cash equivalents of $672.5 million as of September 27, 2024.
The company maintains a revolving credit facility with $1.4 billion in available commitments and has various outstanding term loans and senior notes.
Aramark continues to focus on providing food and facilities services across various sectors, including education, healthcare, business, and sports, with operations in the United States and internationally.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Aramark annual 10-K report dated November 19, 2024. To report an error, please email earnings@qz.com.