Sign in

    Neil Tyler • Redburn Atlantic

    Neil Tyler's questions to Aramark (ARMK) leadership

    Neil Tyler's questions to Aramark (ARMK) leadership • Q3 2025

    Question

    Neil Tyler of Rothschild & Co Redburn asked if the current net new business momentum is a reliable indicator for FY2026's contribution and whether the timing of new contracts is the primary reason for maintaining a wide Q4 guidance range.

    Answer

    CEO John Zillmer confirmed the wide guidance range reflects the variable timing and impact of significant new account startups in the pipeline. CFO Jim Tarangelo added that the strong H2 performance positions the company to exit the year at the high end of its multi-year growth targets, setting a strong foundation for FY2026.

    Ask Fintool Equity Research AI

    Neil Tyler's questions to Aramark (ARMK) leadership • Q2 2025

    Question

    Neil Tyler asked about the 98% client retention rate, questioning its seasonality and whether the current environment is a normal rebid year. He also inquired if economic uncertainty is creating more first-time outsourcing opportunities.

    Answer

    CEO John Zillmer confirmed that market uncertainty often acts as a positive tailwind for first-time outsourcing decisions. He explained that the 98% retention rate is unusually high for this point in the fiscal year, driven by proactive contract extensions and strong rebid results. CFO Jim Tarangelo added that with more bids occurring in the first half, the company is well-positioned for the full year on retention.

    Ask Fintool Equity Research AI

    Neil Tyler's questions to Aramark (ARMK) leadership • Q1 2025

    Question

    Neil Tyler asked about the mix of margin contributors and questioned why the International segment's margin progress was less than the U.S. He specifically asked if faster organic growth was holding back international margin expansion.

    Answer

    CFO James Tarangelo stated that margin drivers remain consistent: supply chain efficiencies, new business maturity, and cost management. He clarified the International segment's margin was negatively impacted by 20 basis points due to flooding in Spain. Adjusted for that, its margin improvement would have been in the 40-50 basis point range, noting that strong organic growth actually helps advance margins through scale.

    Ask Fintool Equity Research AI

    Neil Tyler's questions to Aramark (ARMK) leadership • Q4 2024

    Question

    Neil Tyler inquired about the recently exited facilities contracts, asking if more unprofitable accounts exist and the impact on FY25 revenue growth. He also questioned the FY25 margin guidance, which implies a slower expansion rate than FY24's underlying performance.

    Answer

    CEO John Zillmer confirmed the exited facilities contracts were unique circumstances and no other large, unprofitable accounts are pending exit. CFO Jim Tarangelo quantified the impact as approximately 2% on the retention rate. Regarding margins, Tarangelo stated that while the FY25 guidance midpoint implies about 40 basis points of improvement, the company's underlying run rate is closer to 50 basis points, driven by supply chain efficiencies and operating leverage.

    Ask Fintool Equity Research AI

    Neil Tyler's questions to Herc Holdings Inc (HRI) leadership

    Neil Tyler's questions to Herc Holdings Inc (HRI) leadership • Q2 2025

    Question

    Neil Tyler of Rothschild & Co. questioned the timing for realizing revenue synergies from cross-selling specialty equipment, and asked for clarification on the legacy Herc guidance, particularly regarding the impact of pausing new branch openings.

    Answer

    SVP & COO Aaron Birnbaum reported that early synergy wins are already occurring and that the H&E sales team will be fully trained by early 2026 to leverage Herc's specialty experts. SVP & CFO Mark Humphrey clarified that the legacy Herc guidance was based on its H1 run rate, layered with anticipated growth from H&E and initial synergies.

    Ask Fintool Equity Research AI

    Neil Tyler's questions to Herc Holdings Inc (HRI) leadership • Q4 2024

    Question

    Neil Tyler asked about current valuation multiples for M&A targets, the free cash flow outlook for 2025, and whether the revenue guidance implies a significant improvement in fleet efficiency.

    Answer

    CEO Lawrence Silber noted that general rental M&A multiples have not expanded much, though specialty multiples are higher. CFO W. Humphrey clarified that 2025 free cash flow will be impacted by the company becoming a federal cash taxpayer for the first time. He also stated that while improving fleet efficiency is a goal, a 200-300 basis point improvement would be a 'gargantuan ask.'

    Ask Fintool Equity Research AI

    Neil Tyler's questions to Herc Holdings Inc (HRI) leadership • Q3 2024

    Question

    Neil Tyler requested a breakdown of rate trends between short-term and long-term contracts and the impact of the mega project mix. He also asked where the company stands on its fleet efficiency outlook relative to the medium-term targets set at its investor day.

    Answer

    CEO Lawrence Silber noted that both contract and spot market rates were performing as expected but declined to provide a specific breakout. Regarding long-term targets, he explained that it is too early to align current performance with the three-year plan from the 2023 investor day, given significant market changes like higher interest rates, but affirmed that achieving fleet efficiency remains a core goal.

    Ask Fintool Equity Research AI