Aramark (NYSE:ARMK) Q3 2024 Earnings Conference Call August 6, 2024 8:30 AM ET

Company Participants

Felise Kissell - Senior Vice President, Investor Relations and Corporate Development
John Zillmer - Chief Executive Officer
Jim Tarangelo - Chief Financial Officer

Conference Call Participants

Shlomo Rosenbaum - Stifel
Toni Kaplan - Morgan Stanley
Andrew Steinerman - JPMorgan
Ian Zaffino - Oppenheimer
Heather Balsky - BofA
Neil Tyler - Redburn Atlantic
Andrew Wittmann - Baird
Jasper Bibb - Truist Securities
Josh Chan - UBS
Harold Antor - Jefferies

Operator

Good morning and welcome to Aramark's third quarter fiscal 2024 earnings results conference call. My name is Kevin and I'll be your operator for today's call. At this time, I'd like to inform you that this conference is being recorded for rebroadcast and that all participants are on a listen-only mode. We will open the conference call for questions at the conclusion of the company's remarks.

I will now turn the call over to Felise Kissell, Senior Vice President, Investor Relations and Corporate Development. Mr. Kissell, please proceed.

Felise Kissell

Thank you, and welcome to Aramark's third quarter fiscal 2024 earnings conference call and webcast. This morning, we'll be hearing from the company's Chief Executive Officer, John Zillmer; as well as Chief Financial Officer, Jim Tarangelo.

As a reminder, our notice regarding forward-looking statements is included in our press release this morning, which can be found on our website. During this call, we will be making comments that are forward-looking. Actual results may differ materially from those expressed or implied as a result of various risks, uncertainties and important factors, including those discussed in the risk factors, MD&A and other sections of our annual report on Form 10-K and our other SEC filings.

Additionally, we will be discussing certain non-GAAP financial measures. A reconciliation of these items to U.S. GAAP can be found in this morning's press release as well as on our website.

So with that, I'll now turn the call over to John.

John Zillmer

Good morning, everyone. Thank you all for joining us today. We continue to successfully execute on our strategic vision. I'm pleased to report another strong quarter of results for Aramark with record revenue and profitability for our third quarter in FSS U.S. as well as record international revenue and profitability for any quarter.

Jim and I will review the key drivers for the outperformance before turning to our financial expectations for the fiscal year with just one quarter to go. Given the substantial growth opportunities ahead and our proven ability to capitalize on them, we're confident that our business momentum will continue into next fiscal year and beyond. Aramark's third quarter revenue growth was broad-based, coming from virtually all lines of business and geographies.