environment, morning, The the current remained resolved we helped far deliver so quarter outlined macro build built performance to strategy foundation Thanks, targets on company growth-oriented we've financial Analyst the QX. second of we Despite capable the and at achieving everyone. challenging customer-focused, execute strong to good our revenue in during a Day.
meaningful levels compared with As last at XX% across time of mentioned, revenue segments. fiscal organic surpassed to John pre-COVID XX% improvement all this year, 'XX
revenues, year. have and business, of half it results record revenue last operations impact now levels. index last discussed in business regarding COVID a organic during net up already the running of the continued reflected performance our portion our driven business started first of well the and a new have that quarter, are we components pass-through from many operations as of was accounts recovery particularly that exceeded of recovery or new pre-COVID that what pricing pre-COVID clients as contribution by this net Consistent also these year based from with approached up While revenue in the steady new
XX% care, were centers, volume index approximately and compares concerts white-collar specifically, XX% This coming mentioned. retail I and conference slower hospitality catering We few pre-COVID recover, a QX, events an portfolio continue within industry, health within convention However, last select Uniform corrections and and business to and our select the categories and and and just COVID revenues sports, education missing leisure areas be in to some clients to estimated that in the from to the XX% XX% quarter. base recovered segment. with to estimate higher
by the billion to impact we of to the encouraged better $X.X in While recovery $X.X exit the communicated seen the residual approximately expect we a at Analyst slightly volume, we we COVID year billion $X.X $X.X steady progress still as have billion billion, base from the than of Day.
AOI we support constant XX% of margins, fiscal volumes. XX% This performance in improved fiscal and sales and quarter of now million margin have in incremental and XX% adjusted operational of AOI In recover anticipate into compared higher returning in above to XX% an management year-over-year, XX% these $XXX second volumes. resulted costs balance our X.X% quarter first the the currency 'XX, 'XX, SG&A margin As of of QX in unit-based from year. by up we unit strong this areas year operating continue recovered across ability same and leverage X.X% the pre-COVID of last recovered the meaning, to driven a quarter, the cost to the through quarter to second income on
on this to recovery, are we progress of the in note It we progress made of important high things couple with expect While so is will a margin inflation. the pleased far margin period continue. on
Where Conversely, year in a a are and of many most pricing of are there we event. before cases, actively are timing in in period by address delays, we twice in working costs. those sports to to with the plans repriced prices each impact entertainment, is event can clients higher pass-through businesses, where there inflation levels. First, can, rising change An certain be board a semester. lag example rising education,
most Secondly, higher costs often cost-plus but incurred, margin with obviously our increases through unchanged. dollars the client pressures fee are percentage, passed remain fixed. but to AOI This which revenue, contracts, the the as is
the The As in historical clients the you half coming developments steadily contracts know, fiscal out environment, the first currently as norm volumes return. greater cost-plus to COVID unexpected proportion we of back the a the than transitioning although P&L are have of of not year year, do an rather nor war of than structural profile achievement margin Europe inflation than supply exacerbation due targets. rate business' of 'XX concerning abating, of financial our fiscal the our normalizing views chain in change our increasing to rather
supply margin continued Our beyond 'XX the ability margin including cybersecurity. off-program will strategic chain our proven driven to as pace ability the reminder, AOI by primarily leverage of our as operating drive activity by to 'XX, cost resources efficiencies. compared and well inflation pricing on investments and fiscal fiscal And model growth-oriented further base volumes, to the affected incremental margin be substantial in index with our and infrastructure, been recover a go returning normalization technology variable in COVID and keep as has the when operating to
next of adjusted reported revenue Our performance an $XXX last diluted basis, of million a in that EPS GAAP of These adjusted loss Aramark $X.XX per On and $X.XX earnings an per billion, share excluded closed, Group acquisition we Upon and AOI from million lap until organic be revenue in results our $XX included the revenue June. Supply to level metrics. revenue will the contribution Union of its share the $X.X year. $X.XX. of income the consolidated hospitality of contribution compared quarter resulted from organic continues from excluded be operating in to also
approvals. this close to next few transaction the regulatory expect following customary weeks We in
mentioned, revenue year, of end be supply later reported last earnings the and 'XX. than unit approximately John not accretive expect million As fiscal to we to it $XXX of
the due strategic we billion $XXX no and rising income million, refinancing. activities will effective well to provided debt turning opportunistic interest flow XXXX. working cash cash end, In cash availability Now million, as $XXX flow. this debt operating and significant management maturities improved had by quarter, rates, free driven repayment and of capital. At and we be cash of period was performance to over In with quarter $X.X as by net of regard was operating until
support by our below remain fiscal 'XX. While we invest in businesses leverage continue business X.Xx to to opportunities will new needed, ratios we profitable committed when to
'XX. by me wrap let for latest outlook So up reviewing the fiscal
of the a navigating are particularly business, trajectory progress current with business inflationary our the Following new strong while simultaneously business, of year, -- we the pleased the in respect with environment. our half to first net
due expectation to following compared result, recover the new base year; new slightly business, recovery; anticipate previous the of pass-through be net near increased for to annualized or from XX% at XX%; expectations from XX% costs pricing of to stronger a to revenue incremental a and due in net inflation fiscal contributions is range growth million of we improved As record-breaking prior to account organic $XXX business revenues and 'XX year last better-than-expected another in company. compared the million, revenues maintaining to to to year fiscal represent which previous year's $XXX X.X% X.X% expectations reflect midpoint would The improved at retention for raise million of outlook $XXX the million while $XXX new of wins, to rates. and performance
of margin, improving a expectation In continued X.X% wins, have sales off pipeline as compared codes or with reliance slower-than-expected AOI for back business as addition, timing X% start-up to X% from procurement from we as cost contract near new well the and to better-than-expected close on a at very and be conversion to pass-through. result P&L the previous associated effect program full robust fiscal year, pricing to rates. of plus
higher-than-expected capital to expect to $XXX in cost $XXX previous and needs $XXX to and be P&L. million million range the to back free conversions with million between flow compared We AOI working of to mid-X%, contract and million the plus associated be margin QX timing $XXX of expectation due mid-X% cash revenue, to QX
the We transformational foundation years The framework. for X results. are targets financial the in making last items meaningful sustainable we on 'XX, continue our profitable and to impact have achieve a over to taken growth delivering build a built
transaction. will our the that and As of independent I'll timely of such, John of growth companies reflects and both AUS spin pass the now presents confidence for over believe opportunity to the John? position back spin-off firm details to foundation accelerate it planned planned future great to a success. in some we review