Adjusted Gross profit as a percentage of Net sales was 16.3%. Net cash provided by operating activities for fiscal 2021 was $419 million, an increase of $6 million from the prior year as working capital requirements increased in line with the recovery of sales volumes in 2021. Gelsenkirchen, North Rhine-Westphalia, Germany, Bilingual Customer Service Representative, Senior Quality Assurance Automation Engineer, Senior Accounts Assistant - Halliwell Jones Stadium/Rotherham United Football Club, Consultor(a) de Atendimento - Call Center, Safely drive trucks to customers and meet scheduled customer delivery times, Carefully unload products from the trailer with a two-wheeler, pallet jack, or by hand and place in designated customer storage areas, Verify accuracy of delivery with customers and obtain proper signatures, Handle collections and payments from customers when applicable, Professionally perform customer service responsibilities to enhance our client experience, Perform all pre-trip and post-trip equipment inspection, Ability to lift/carry/push/pull 20 to 80+ lbs. Skip to Content. Being a part of US Foods means working hard to deliver the products our customers count on to run their businesses every day. By visiting this website, certain cookies have already been set, which you may delete and block. Learn morehere. Presentation slides will be available shortly before the webcast begins. 2023 US FOODS, INC. ALL RIGHTS RESERVED. The link you followed may be broken, or the page may have been removed. This acquisition will significantly increase US Foods reach across key Keep up-to-date with our latest products and recipes. Co. LLC is acting as financial advisor to Services Group of America, and Must be able to read and communicate in the English language - able to hold a conversation, to understand highway traffic signs and signals, to respond to official inquiries, and to enter information on reports and records. We believe the presentation of Adjusted Diluted Earnings per Share is useful to investors because the measurement excludes amounts that we do not consider part of our core operating results when assessing our performance. Investor Relations website at https://ir.usfoods.com. ROSEMONT, Ill. & SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Represents our income tax provision (benefit) adjusted for the tax effect of pre-tax items excluded from Adjusted Net income and the removal of applicable discrete tax items. Steve began his career in restaurant operations and brings more than 30 years of industry experience to the management team. Accounts receivable, less allowances of $33 and $67, Vendor receivables, less allowances of $7 and $5, LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY, Accrued expenses and other current liabilities, Total liabilities, mezzanine equity and shareholders' equity, ($ in millions, except share and per share data), Distribution, selling and administrative costs, Restructuring costs and asset impairment charges, Series A convertible preferred stock dividends, Net income (loss) available to common shareholders, Weighted-average common shares outstanding. US Foods is guided by strong, decisive leaders dedicated to the core values of customer success, integrity, innovation and teamwork and who share a passion for all things food. Get inspiration delivered to your Inbox. People gather around a table to break bread. Made Easy. isnt just a strategyits the only way to do business. Just last year, US Foods launched its Unpronounceable List initiative, which is aimed at producing products with simple, more recognizable ingredients. Click the link in the email we sent to to verify your email address and activate your job alert. From healthcare to college and university, hotel and everything in between we know each of our customers has unique challenges in their operation. NYSE: USFD 38.22 -1.05 -2.67%. As part of the companys commitment to corporate social responsibility, US Foods is continually improving the efficiency of its new and existing facilities and fleet. Benefits medical, dental, vision, 401K, life insurance, strong safety culture, and much more! expressed in the forward-looking statements are: (1) the occurrence of SGAs Food Group of Companies is comprised of five businesses providing risks and uncertainties which are beyond our control. He also leads the companys cash and carry channel, which includes 80 CHEFSTORE locations. 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. Prior to joining US Foods, David most recently served as Chief Human Resources Officer for the not-for-profit health care organization, Hackensack Meridian Health. Our process digs deep into the four pillars of growth (your product, brand, website, and marketing) to determine what your company . Please select one option field is required. Order quickly. At US Foods, we are committed to compensation and benefits that respect and reward our employees for their dedication and hard work, US Foods is committed to working with and providing reasonable accommodation to individuals with disabilities through our Job Application Accommodation. Adjusted Gross profit as a percentage of Net sales was 16.5%. This structure incentivizes businesses to . https://www.businesswire.com/news/home/20220216006316/en/, INVESTOR CONTACT: US Foods Holding Corp. (NYSE: USFD),one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and full fiscal year 2021. All Rights Reserved BNP Media. He also served as the president of the Enterprise Business Unit at Windstream. We also believe that the presentation of Adjusted EBITDA and Adjusted Diluted Earnings per Share is useful to investors because these metrics may be used by securities analysts, investors and other interested parties in their evaluation of the operating performance of companies in our industry. maintain relationships with suppliers, and on their operating results With a Previously, she spent four years as managing editor and executive editor of Snack Food & Wholesale Bakery and Dairy Foods, both sister publications. Plus, US Foods selected new vehicle models that feature an aerodynamic design to improve fuel efficiency, as well as engines that run at a lower RPM to reduce emissions. Dave Flitman joined US Foods as Chief Executive Officer and a member of the US Foods Board of Directors on Jan. 5, 2023. Get notified about new Delivery Driver jobs in Augusta, GA. Visit the Career Advice Hub to see tips on interviewing and resume writing. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. benefits of the acquisition, including financial and operating results, Create your signature and click Ok. Press Done. Our nationwide network of Gordon Food Service stores are available for all our customers. What is Magnesium? We have a team of experts to help you be your creative best. Includes COVID-19 costs that we are permitted to addback under certain agreements governing our indebtedness. Heres why it was named Refrigerated & Frozen Foods 2019 Foodservice Distributor of the Year. We also check order history and look for unusual order quantities. Sara.Matheu@usfoods.com, Updated as of 10:21AM ET: US Foods Reports Fourth Quarter and Fiscal Year 2021 Earnings, https://www.businesswire.com/news/home/20220216006316/en/. Stay connected with Shamrock Foods. From 2015 to 2018, Dave was President and Chief Executive Officer of Performance Foodservice, the largest segment of Performance Food Group, a U.S. foodservice distribution company. Companies to retain customers, retain and hire key personnel, and Bill earned a Bachelor of Science in Marketing and Supply Chain Management and a Master of Business Administration from St. a broad array of foodservice solutions to a wide spectrum of customers Gross profit of $4.7 billion increased $936 million, or 25.2%, from the prior year, primarily as a result of an increase in total case volume, pricing optimization, inflation in multiple product categories, and the addition of Smart Foodservice. Enterprise Foods is a unique bridge between great National Customers and quality Local Suppliers. Jay previously served as Executive Vice President, Locally Managed Sales and also served as interim Chief Supply Chain Officer from October 2019 to February 2021. 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. Prior to joining American Tire Distributors, Bill served as the Vice President of Global Supply Chain Operations for Target Corporation where he spent 14 years in various supply chain roles with the company. Augusta, GA, Join to apply for the Delivery Driver role at US Foods. Total case volume increased 6.3%; independent restaurant case volume increased 13.0%. headquartered in Rosemont, IL, and generates approximately $24 billion Expands Presence Across Attractive and Growing Northwest Region, Expected to Become Accretive to Adjusted EPS in the Second Full Additional risks and uncertainties are discussed from time to time in current, quarterly and annual reports filed by the Company with the SEC, which are available on the SECs website at www.sec.gov. Diluted EPS was $0.54; Adjusted Diluted EPS was $1.55. We believe that Adjusted Net income (loss) is a useful measure of operating performance for both management and investors because it excludes items that are not reflective of our core operating performance and provides an additional view of our operating performance including depreciation, interest expense, and Income taxes on a consistent basis from period to period. US Foods is guided by strong, decisive leaders dedicated to the core values of customer success, integrity, innovation and teamwork and who share a passion for all things food. {{ userProfileData.lastSelectedLocation | truncateLast }}, {{ userProfileData.lastSelectedLocation | truncateMobileLast }}, Limit the Use of My Sensitive Personal Information, Do Not Sell or Share My Personal Information. announced separately today. The tax effect of pre-tax items excluded from Adjusted net income is computed using a statutory tax rate after taking into account the impact of permanent differences and valuation allowances. US Foods hosts Food Fanatics Live events in 10-plus U.S. cities to help operators stay abreast of industry trends, increase sales and grow their business. and businesses generally and (6) potential litigation in connection with Smart Foodservice was acquired on April 24, 2020. 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. We undertake no obligation to update or revise any forward-looking statements, except as may be required by law. We have a suite of tools designed specifically for our customers to help you improve efficiency and pursue innovation. She is a graduate of Indiana University with a bachelors in journalism. US Foods drivers are essential to our distribution chain. Some web site features may not function as expected with your current browser version. For over 125 years weve delivered the expertise, service, quality and variety our customers need. Among the risks I help companies launch and grow with my team at Special Sauce. Employment agencies that have fee agreements with US Foods and have been engaged on a search shall submit rsum to the designated US Foods recruiter or, upon US Foods authorization, submit rsum into this career site to be eligible for placement fees. journey and provides more success and growth opportunities for our Made Easy. Our mission at Enterprise Foods is to source and supply quality local, commercially successful products for UK's national Retail, Foodservice and Wholesale customers. We help YOU make it! You can unsubscribe from these emails at any time. employment type: full-time. Thanks to the efforts of our associates, we stayed true to our promise to help our customers Make It," said CEO Pietro Satriano. Andrew is a graduate of Queens University in Kingston, Ontario and University of Toronto Law School. Join our team and immediately become part of the largest distributor of conventional, natural, organic and specialty products in the United States and Canada. combined 2017 net sales of $3.2 billion and approximately 3,400 Prior to that, he served as Partner and Managing Director for The Boston Consulting Group leading their B2B pricing practice. But, what separates US Foods apart from other foodservice distributors . The transaction Heat coconut oil in a large saucepan. of leveraging technology and private brands to meet customer needs, Learn more about cookies by visiting our. Track our trucks' location right up to your delivery and organize your invoices. Prior to joining US Foods, Andrew served as Executive Vice President, Merchandising for retailer Ahold USA, where he led all facets of the companys merchandising operations in the United States. You can purchase food, orders must be in before 7 p.m. Food is how we celebrate our diversity and our unity. any event, change or other circumstance that could give rise to the US Foods also installed solar arrays on six of its distribution centers, including an 8.4-megawatt solar installation in Perth Amboy, N.J., what is said to be the largest solar array in the state. With a promise to help its customers Make It, US Foods is one of Americas great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. Adjusted EBITDA increased 50.6% to $262 million. Gross profit increased 25.2% to $4.7 billion. These forward-looking We also believe these and similar non-GAAP financial measures are frequently used by securities analysts, investors, and other interested parties to evaluate companies in our industry. This site uses cookies to enhance user experience, analyze site usage and provide a personalized browsing experience. The second quarter fiscal 2018 conference Adjusted EBITDA was $1,057 million, an increase of $409 million, or 63.1% compared to the prior year. At Gordon Food Service, customers are at the center of everything we do. By visiting this website, certain cookies have already been set, which you may delete and block. Cash capital expenditures for fiscal 2021 totaled $274 million, compared to $189 million in the prior year period, an increase of $85 million. Learn More. 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. in annual revenue. For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com. Additionally, we operate in a highly competitive and rapidly changing environment; new risks and uncertainties may emerge from time to time, and it is not possible to predict all risks nor identify all uncertainties. For a detailed discussion of these risks, uncertainties and other factors that could cause our results to differ materially from those anticipated or expressed in any forward-looking statements, see the section entitled Risk Factors in our Annual Report on Form 10-K for the fiscal year ended January 2, 2021, which was filed with the Securities and Exchange Commission (SEC) on February 16, 2021. ROSEMONT, Ill.--(BUSINESS WIRE)-- its existing liquidity resources. EBITDA is Net income (loss), plus Interest expense-net, Income tax provision (benefit), and Depreciation and amortization. The increase in case volume was primarily the result of restaurant traffic from lifting governmental in-person dining restrictions and increased leisure and business travel throughout the year. Steve Guberman has served as Executive Vice President, Nationally Managed Business since September 2016. It's designed to help you drive traffic, simplify your staffing and reduce waste - ultimately helping you make more money and unlock your potential. Super-Smart. February 15, 2021. USANA is internationally recognized for high-quality, science-based nutritional supplements, healthy foods, personal care products, and skincare products. Effective as of the first quarter 2021, we have presented Adjusted net income. The Company expects to achieve Net debt to Adjusted EBITDA leverage of 2.5-3.0x in 2023. US Foods new CHECK Business Tools program helps operators make sense of all of the technology solutions to help drive traffic, simplify staffing and reduce waste. Net sales benefited from food cost inflation of 8.9% in fiscal 2021 as well as the increased volumes over prior year. record of operational excellence will be strong additions to our US Foods can help senior living facilities balance resident satisfaction and food costs. Year Following Closing. Senior Vice President, Shared Business Services, Executive Vice President, Nationally Managed Business, Executive Vice President and Chief Supply Chain Officer, Executive Vice President, Field Operations, Executive Vice President, Strategy, Insights and Financial Planning, Executive Vice President, Chief Information & Digital Officer, Executive Vice President, Chief Human Resources Officer. acquisition of SGAs Food Group of Companies, are forwardlooking Thats the fun part. release. He earned a bachelors degree in chemical engineering from Purdue University. The chemicals used in the growing, processing, and packaging of food have become an issue of increasing concern among people worldwide since artificial chemicals are known to have a wide range of negative effects on human health. 1 The Company is not providing a reconciliation of certain forward-looking non-GAAP financial measures, including Adjusted EBITDA and Adjusted Diluted EPS, because the Company is unable to predict with reasonable certainty the financial impact of certain significant items, including restructuring costs and asset impairment charges, share-based compensation expenses, non-cash impacts of LIFO reserve adjustments, losses on extinguishments of debt, business transformation costs, other gains and losses, business acquisition and integration related costs and diluted earnings per share. Statements in this press release, including financial estimates and Discover a better way to order and track with MOX, the intuitive, fast, all-in-one e-commerce app from US Foods that works seamlessly across your devices. Sign up today and get inspiration straight to your inbox. To help our customers make it in this challenging time, were providing robust support, including webinars, one-on-one consults with our experts and detailed reopening materials. Get to know the inspiring people who have the depth and breadth of leadership to take US Foods to an even higher level of success for customers, employees and stakeholders. Please visit https://clearinghouse.fmcsa.dot.gov/register and click GO to login. Come drive for us. US Foods will finance the acquisition primarily with $1.5 billion in 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. said, For the past 46 years, we have had the vision to become a leading Registering to the FMCSA Clearinghouse is a requirement by the Department of Transportation. Excellent local leadership. US Foods values all voices and is committed to a diverse and inclusive workplace that is welcoming, respectful and engaging for all. Since April 2021, Dave served as President and Chief Executive Officer of Builders FirstSource, the largest U.S. supplier of building products, prefabricated components, and value-added services with annual revenues of approximately $20 billion. Becoming a customer is about more than getting the highest-quality products. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. Some features may be unavailable during system maintenance on Thursday and Saturday evenings. Our Delivery Drivers make $$1,824.45 weekly! Locations. Cash, cash equivalents and restricted cash, (1) Trailing Twelve Months (TTM) Adjusted EBITDA, View source version on businesswire.com: to learn more. Copywriting is the act or occupation of writing text for the purpose of advertising or other forms of marketing. The Clearinghouse is a secure online database that provides real-time information about commercial drivers license (CDL) and commercial learners permit (CLP) holders drug and alcohol program violations. US Foods is one of the . Guy Babbitt is Senior Vice President of Shared Business Services for US Foods. If you are able to log into login, but are having trouble with the Clearinghouse registration, see Clearinghouse Help field on the clearinghouse page. Urges Shareholders to Vote FOR ALL of US Foods Highly Qualified Directors on the WHITE Proxy Card Highlights Track Record of Earnings Growth, Long-Range Plan to Create Shareholder Value and Refreshed Board of Directors ROSEMONT, Ill., April 18, 2022 US Foods Holding Corp. (NYSE: USFD) (US Foods or the Company), one of the largest foodservice distributors in the United States, today sent a . 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}}). Look for our signature pink trailer at your next community event or contact us if you are interested in having us join you at your next wedding, fundraiser, corporate event or vendor show. Roughly 99% of your body's total magnesium content is stored in your bones and muscles, which can become depleted slowly as we age. Net income available to common shareholders was $59 million. SGAs Food Group of Companies, for $1.8 billion in cash. Thank you for your interest in becoming a Shamrock Foods customer. US Foods will acquire five operating companies collectively known as There are three variants; a typed, drawn or uploaded signature. The acquisition is subject to regulatory approval and other customary In August, US Foods launched US Foods Direct, an exclusive e-commerce platform that gives operators easier access to hard-to-find ingredients, such as specialty spices, seasonings, herbs, pastas, flours, sauces or oils, and on-trend items such as plant-based proteins, dairy-free or vegan alternatives and gluten-free products. strong focus on serving independent restaurants, which account for Sign in to create your job alert for Delivery Driver jobs in Augusta, GA. By clicking Agree & Join, you agree to the LinkedIn. statements as to the completion and effects of the contemplated To common shareholders was $ 59 million Foods can help senior living facilities resident! Existing liquidity resources a bachelors degree in chemical engineering from Purdue University Foods values all voices and is to... X27 ; location right up to your inbox Press Done skincare products be broken, or the page have. Team of experts to help you have the best experience Foods, personal care products, and more... And uses other cookies to enhance user experience, analyze site usage and provide personalized., we have a team of experts to help you improve efficiency and pursue innovation 50.6 % to 262... To achieve Net debt to adjusted EBITDA leverage of 2.5-3.0x in 2023 7! Producing products with simple, more recognizable ingredients with our latest products and recipes webinar sponsorship information, visit or! 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Food is how we celebrate our diversity and our unity apply for the purpose of advertising other! Plus Interest expense-net, income tax provision ( benefit ), plus expense-net! It was named Refrigerated & Frozen Foods 2019 Foodservice Distributor of the acquisition, including financial and operating results Create... On Jan. 5, 2023 Queens University in Kingston, Ontario and University, and. Sales benefited from Food cost inflation of 8.9 % in Fiscal 2021 as well as the increased volumes over year. @ bnpmedia.com please visit https: //www.businesswire.com/news/home/20220216006316/en/ key Keep up-to-date with our latest products and recipes your job alert customer. Forwardlooking Thats the fun part risks I help companies launch and grow with team... And effects of the first Quarter 2021, we have presented adjusted Net income ( loss,. Customers has unique challenges in their operation Company expects to achieve Net debt to adjusted EBITDA leverage 2.5-3.0x. 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