Aramark Beats Q3 Estimates and Expands AI Data Center Hospitality

Earnings
โดย Insider Monkey·US·Read original
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Aramark reported fiscal third-quarter results that beat expectations, with organic revenue climbing 9% to $5 billion and adjusted earnings per share jumping almost 30% from a year earlier. The company raised its full-year revenue growth outlook and highlighted a growing footprint inside AI data centers through its Aramark Nexus unit, which began operating its first site for a major hyperscaler in Texas just weeks before the earnings call. Management said the scope of work across that client's two locations has already grown roughly 40% beyond original estimates, and Aramark separately signed a multiyear deal with an AI data center colocation provider to run hospitality services for workforce communities in Wyoming and Texas. GAAP earnings per share came in at $0.36, below the $0.52 adjusted figure, and a calendar shift created an estimated $18 million to $19 million drag on adjusted operating income this quarter. Hedge fund ownership rose to 42 funds from 36 in the prior period, and shares trade at a forward P/E of 9.70 as of August 19.

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