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Aramark Corp





Aramark Corp'b' is a publicly traded company having a good stock performance result. Aramark Corp'b' is a fortune 500 stock listed company trading under RMK.


The Company is the third-largest foodservice provider in the world behind Compass Group and Sodexho Alliance, ARAMARK's Food & Support Services division provides food and beverages to fans at sports arenas, concert halls, national parks and other entertainment venues, including 76 professional sports teams and the Olympic Games. The firm provides food, building maintenance, and housekeeping services to businesses, prisons, health-care institutions, and schools and universities. Its Uniform and Career Apparel division is the no 2 uniform rental companies in the US behind Cintas. Chairman and CEO Joseph Neubauer control about 39 percent of the company.


ARAMARK Corporation, a world leader in providing professional services, recently reported record sales of 2.9 billion dollars for the first quarter of 2006, a 7 percent increase over the prior year quarter. Organic sales growth was 6 percent.


Diluted earnings per share were up 11 percent to 0.42 dollars excluding a 0.08 dollars benefit from a favorable tax adjustment, and were up 16 percent excluding both the tax adjustment and the 0.02 dollars impact from the expensing of employee stock options. The reported net income was 93 million dollars and diluted earnings per share were 0.50 dollars.




 


In the Food and Support Services U.S. segment, sales increased 6 percent from the prior year quarter to 1.9 billion dollars, due to strong growth in the Education, Corrections and Refreshments businesses and the return of the National Hockey League season. Organic sales growth was 7 percent. Segment operating income rose 16 percent to 110.2 million dollars.


Following to the end of the first quarter, ARAMARK completed the acquisition of a food service company in China, further expanding its service capabilities and scale in this dynamic economy. ARAMARK now has more than 8,000 employees in China providing an array of food and facilities services.


In the Uniform and Career Apparel, rental segment, sales increased 7 percent to 296 million dollars. Organic growth was 6 percent. Segment operating income increased 8 percent to 33.1 million dollars, despite significantly higher energy costs.



 


ARAMARK anticipates second quarter 2006 sales of 2.75 billion dollars to 2.85 billion dollars and diluted earnings per share between 0.28 dollars and 0.30 dollars.



 



 



 



 



 


Demonstrating the company's leadership in serving sports and entertainment venues globally, ARAMARK will manage food services at several German stadiums for the FIFA World Cup this summer.


Aug. 10, 2005--ARAMARK Corporation (NYSE:RMK), a world leader in managed services, today reported record sales of 2.8 billion dollars for the 2005 third quarter, up 8 percent from the prior year quarter.


Net income increased 11 percent over the 2004 third quarter to 71.4 million dollars and diluted earnings per share increased 15 percent to 0.38 dollars.



 



 




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