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Stock impact report

Aramark Provides Preliminary Second Quarter Fiscal 2020 Results

Aramark (ARMK) 
Last aramark earnings: 2/4 06:30 am Check Earnings Report
Company Research Source: Business Wire
Performance Highlights Flexibility of Cost Structure and Diversification of BusinessAnnounces Amendment of Credit Agreement for Added Financial Flexibility PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE:ARMK), a global leader in food, facilities management and uniforms, provided preliminary results for the second quarter fiscal 2020 in conjunction with a proposed offering of debt securities. The Company’s second quarter performance reflects the benefits of its highly diversified business—extensive offerings, sectors, geographies, and client portfolio—and low fixed cost, low asset intensity operating model. In addition, Aramark and its secured lenders agreed to amend the covenants on their secured facilities to further enhance the Company’s financial flexibility.“We are taking timely, proactive steps to adapt the Company to the current environment, and to further bolster our strong financial position,” said John Zillmer, Aramark’s Chief Executive Officer. “Our ability to quickly resiz Show less Read more
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