Earnings release
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aramark For Immediate Release Inquiries : Felise Kissell ( 215 ) 409-7287 Kissell-Felise@aramark.com Scott Sullivan ( 215 ) 238-3953 Sullivan-Scott1@aramark.com Aramark Reports Second Quarter Earnings SUMMARY • Strong cash flow and liquidity ⚫ Generated cash provided by operating activities of $ 337 million and Free Cash Flow of $ 259 million in the quarter ; $ 119 million and $ 151 million better than prior year , respectively о Approximately $ 2.6 billion cash availability at quarter - end Revenue ( 24 ) % ; Organic Revenue ( 26 ) % о Sequential quarterly improvement versus prior year across all business segments • Increased client reopenings throughout portfolio • EPS of $ ( 0.30 ) ; Adjusted EPS of $ ( 0.24 ) о Leveraged flexible operating model with strong focus on cost containment о Continued investment in building growth capabilities and operating efficiencies • Actions subsequent to quarter - end enhance flexibility and drive growth agenda • Issued notice to fully redeem $ 500 million of outstanding principal on Senior Notes due 2026 Refinanced $ 833 million 2024 Term Loan B to proactively extend maturity to 2028 о ⚫ Closed 3 - year extension on substantially all of Revolving Credit Facility and Term Loans A and C to 2026 ; Upsized Revolving Credit Facility to $ 1.2 billion , increasing cash availability by over $ 200 million ° Signed agreement to acquire Next Level Hospitality , a rapidly growing premier provider of culinary and environmental services in attractive senior living industry Philadelphia , PA , May 11 , 2021 - Aramark ( NYSE : ARMK ) today reported second quarter fiscal 2021 results . " Across verticals and geographies , we helped our clients develop and execute safe reopening plans , " said John Zillmer , Aramark's Chief Executive Officer . " Consistently being a trusted and desired employer and hospitality partner will enable us to create value through accelerated growth , while serving our communities , people , partners and planet . " Page 1 of 21