forward-looking statements. Presentation slides will be available shortly before the webcast begins. Each US Foods customer has unique challenges. We also check order history and look for unusual order quantities. customers with a broad and innovative food offering and a comprehensive Given the combined We caution readers that our definitions of Adjusted Gross profit, Adjusted Operating expenses, EBITDA, Adjusted EBITDA, Net Debt, Adjusted Net income (loss) and Adjusted Diluted EPS may not be calculated in the same manner as similar measures used by other companies. But how can we avoid something that seems such a normal part of our everyday lives? Includes: (i) aggregate acquisition and integration related costs of $22 million and $45 million for the and the 52 weeks ended January 1, 2022 and the 53 weeks ended January 2, 2021, respectively; (ii) favorable legal settlement recoveries of $29 million for the 52 weeks ended January 1, 2022; and (iii) other gains, losses or costs that we are permitted to addback for purposes of calculating Adjusted EBITDA under certain agreements governing our indebtedness. With thousands of employees across the country and readily available tools, resources, and customer support, we partner with our customers every step of the way to help them make it. High-Tech. Extended oil drain schedules reduce oil use and create less oil waste, and the utilization of lighter-weight oil in vehicles helps improve fuel economy. Use someone like GFS, Gordon Food Service. Pizza is one of the most beloved and popular foods in the world, and its origins can be traced back to ancient civilizations where flatbreads were baked with various toppings. The tax effect of pre-tax items excluded from Adjusted net income available to common shareholders is computed using a statutory tax rate after taking into account the impact of permanent differences and valuation allowances. Were excited to get to know you and your business needs. Net Debt is defined as total debt net of total Cash, cash equivalents and restricted cash remaining on the balance sheet as of the end of the most recent fiscal quarter. acquisition of SGAs Food Group of Companies, are forwardlooking Morgan Stanley & The US Foods app helps you manage your kitchen at all times. Andrew Johnstone was named Interim General Counsel at US Foods in November 2022. Includes COVID-19 related expenses related to inventory adjustments and product donations. Order online wholesale food distributor Ontario By continuing to use this site, you are giving us your consent to do this. Monday through Friday 7:00am to 6:00pm CST Sunday 8:00am to 4:00pm CST Learn More. Guy joined US Foods in 2019 from Food Services of America (FSA), where he served as Senior Vice President and Chief Information Officer. - Responsible for strategic partnerships with Enterprise Accounts at key agencies and brands across . He is responsible for corporate strategy, including exploring new businesses opportunities. Highly Responsible Service. Choose My Signature. Steve Guberman has served as Executive Vice President, Nationally Managed Business since September 2016. Steve began his career in restaurant operations and brings more than 30 years of industry experience to the management team. announced that they have entered into a definitive agreement under which Represents our income tax provision (benefit) adjusted for the tax effect of pre-tax items excluded from Adjusted Net income available to common shareholders and the removal of applicable discrete tax items. And, US Foods Mobile allows operators to check, edit, create new orders and track deliveries on their mobile or tablet device. This acquisition will significantly increase US Foods reach across key Prior to joining US Foods, he held senior finance roles with United Airlines and in public accounting with Arthur Andersen LLP. In 2016, US Foods introduced the Serve Good program, a line of 25 products, including certified-organic eggs, sustainably sourced seafood and more to help chefs and foodservice operators meet growing diner demand for more sustainable ingredients. Shamrock Orders. Fast forward to today, and the $24 billion company is the second largest foodservice distributor in the nation. You can purchase food, orders must be in before 7 p.m. We help YOU make it! Includes the changes in the reserve for doubtful accounts expense reflecting the collection risk associated with our customer base as a result of the COVID-19 pandemic. The call can also be accessed live over the phone by dialing (844) 292-0976; the conference ID number is 5561796. However, you should understand that these statements are not guarantees of performance or results and there are a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those expressed in the forward-looking statements, including, among others: economic factors affecting consumer confidence and discretionary spending and reducing the consumption of food prepared away from home; the extent and duration of the negative impact of the COVID-19 pandemic on us; cost inflation/deflation and commodity volatility; competition; reliance on third party suppliers and interruption of product supply or increases in product costs; changes in our relationships with customers and group purchasing organizations; our ability to increase or maintain the highest margin portions of our business; achievement of expected benefits from cost savings initiatives; increases in fuel costs; changes in consumer eating habits; cost and pricing structures; impairment charges for goodwill, indefinite-lived intangible assets or other long-lived assets; environmental, health and safety and other governmental regulation, including actions taken by national, state and local governments to contain the COVID-19 pandemic, such as travel restrictions or bans, social distancing requirements, and required closures of non-essential businesses; product recalls and product liability claims; our reputation in the industry; indebtedness and restrictions under agreements governing our indebtedness; interest rate increases; changes in the method of determining London Interbank Offered Rate (LIBOR) or the replacement of LIBOR with an alternative reference rate; labor relations and increased labor costs and continued access to qualified and diverse labor; risks associated with intellectual property, including potential infringement; disruption of existing technologies and implementation of new technologies; cybersecurity incidents and other technology disruptions; effective integration of acquired businesses; changes in tax laws and regulations and resolution of tax disputes; adverse judgments or settlements resulting from litigation; extreme weather conditions, natural disasters and other catastrophic events, including pandemics and the rapid spread of contagious illnesses; costs and risks associated with current and changing government laws and regulations, and potential changes as a result of initiatives by the Biden administration; management of retirement benefits and pension obligations; and potential costs associated with shareholder activism. Our distribution centers require energy to store, refrigerate and manage our vast portfolio of products. We have temperature regulated vehicles and experienced drivers ready to deliver everything you need for your business. SGAs Food Group of Companies is an ideal fit. The Company also expects cash capital expenditures of $280-$300 million, while fleet capital leases are expected to be an additional ~ $110 million. Centerview Partners is acting as financial advisor to US Foods, Cravath, or implied by, the forwardlooking statements. Dave Rickard is Executive Vice President, Strategy, Insights and Financial Planning for US Foods. Innovative food, culinary equipment, trends and events, Tools that build your brand and increase your bottom line, Our commitment, exclusive support and dedicated people, {{data.customerName}} ({{data.customerNumber}}), {{dept.departmentName | truncateList}} ({{dept.departmentNumber}}), {{dept.departmentName | truncateList}}({{dept.departmentNumber}}). Sign in to create your job alert for Delivery Driver jobs in Augusta, GA. By clicking Agree & Join, you agree to the LinkedIn. He is responsible for guiding all aspects of the Human Resource strategy around organizational development, strategic planning, talent acquisition, employee engagement, leadership development, training and coaching, talent management, employee relations and culture in support of US Foods strategy of Great Food. All Drivers are required to the Clearinghouse website and register to the new database. Come join us as we strive to become the Best in Food Service. At US Foods, our solutions are tailored to fit your specific needs. We Help You Make It. Net sales of $7.6 billion for the quarter increased 24.5% from the prior year. Cook over a low heat until softened and add a can of chopped tomatoes. We also have COVID-19 Wellness Checks for anyone entering our facilities and safety barriers in select locations inour production facilities. combined 2017 net sales of $3.2 billion and approximately 3,400 February 15, 2021. Whether youre looking for the food and supplies that your customers demand or expert assistance in every aspect of your business, were here to help. separate operating companies: These five operating companies together deliver superior solutions for US Foods released its 2019 Summer Scoop, which features delivery, take-out, grab-and-go and retail product solutions. Merrill Lynch and will fund the balance of the purchase price through He earned a bachelors degree in chemical engineering from Purdue University. announcement of the acquisition on the ability of SGAs Food Group of Previously, she worked as an editorial assistant for Insider Magazine and worked as a contributing features writer for her college newspaper, the Indiana Daily Student. Andrew Iacobucci is Chief Transition Officer for US Foods, advising and supporting Dave Flitman, Chief Executive Officer, as he onboards to US Foods. Changes in operating assets and liabilities, net of business acquisitions: Decrease (increase) in prepaid expenses and other assets, Increase (decrease) in accounts payable and cash overdraft liability, Increase (decrease) in accrued expenses and other liabilities, Net cash provided by operating activities, Proceeds from sales of property and equipment, Principal payments on debt and financing leases, Net proceeds from issuance of Series A convertible preferred stock, Dividends paid on Series A convertible preferred stock, Proceeds from employee stock purchase plan, Tax withholding payments for net share-settled equity awards, Net cash (used in) provided by financing activities, Net (decrease) increase in cash and cash equivalents, Cash, cash equivalents and restricted cashbeginning of year, Cash, cash equivalents and restricted cashend of year. Net sales increased 24.5% to $7.6 billion. Smart Foodservice was acquired on April 24, 2020. I am confident that our foundation of efficient and reliable customer service, differentiated solutions, and unique omni-channel experience, supported by a robust plan of targeted initiatives to deliver significant Adjusted EBITDA growth through 2024 and beyond, will drive meaningful value creation for our shareholders.. December 30, 2017, which was filed with the Securities and Exchange Get details for Enterprise Foods Ltd's 1 employees, email format for enterprisefoods.co.uk and phone numbers. Get inspiration delivered to your Inbox. He joined US Foods in 2018, serving as the companys Associate General Counsel Litigation and Employment and has a track record of building high-performing teams and delivering with excellence. Becoming a customer is about more than getting the highest-quality products. ROSEMONT, Ill. & SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- foodservice distributor, partnering with approximately 250,000 acquisition may not be satisfied in a timely manner, (4) failure to 844-292-0976; the conference ID number is 7567095. Adjusted Operating expenses for the quarter were $1.0 billion, an increase of $137 million, or 15.8% from the prior year, primarily due to higher labor and distribution costs discussed above, which were partially offset by cost savings initiatives put in place during the second half of fiscal 2020. "At the Beginning, I've Taken Things lightly but with Time Fear Came" Emotions Evolution at Different Stages of the Health Crisis and the Role of Media Literacy: Insights Diluted EPS was $0.54; Adjusted Diluted EPS was $1.55. But we believe it's all about teaming up to find efficient solutions, tackling challenges head-on and nurturing a spirit of passion for the work. At US Foods, Cravath, or implied by, the forwardlooking statements and. 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