Aramark Services (ARMK) Misses Q3 EPS by 1c
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Aramark Reports Third Quarter Earnings
August 4, 2020 6:30 AM EDTSUMMARY
Strong cash flow management and liquidity Disciplined business actions led to Cash provided by operating activities of $17 million and minimal Free Cash Flow use of $37 million in the third quarter Positive cash flow since bond issuance in late April Over $2.5 billion cash availability at quarter-end Sequential monthly revenue improvement in the third quarter Revenue (46.3)%; Organic Revenue (45.3)% Increasing activity particularly in Uniforms, International, Education and Leisure EPS of $(1.01); Adjusted EPS of $(0.69) GAAP EPS included $125 million... More