The conference call can be accessed live over the phone by dialing Excluding the extra week, total organic case volume increased 16.6% and organic independent restaurant case volume increased 27.1%. Samyang Foods Co., Ltd, established in 1961, has been walking a single path, pursuing honesty and trust for over 50 years. Its pioneering entrepreneurial spirit, with the aim of bringing an era where the average life expectancy becomes 100 years through food, has been the foundation for Samyang Foods to become a trustworthy company to customers. At US Foods, being one of the largest food service distributors in the country means our customers are never alone. He also provides financial planning leadership and leads the insights and analytics team. Year Following Closing. He is responsible for field operations across the country, including all financial (P&L) results. Operating expenses as a percent of Net sales were 14.5%. At US Foods, being one of the largest food service distributors in the country means our customers are never alone. The Company expects to deliver Adjusted EBITDA of approximately $1.7 billion and Adjusted Diluted EPS of approximately $3.40 in 2024. Tap into our support, ideas expertise and resources to help you with labor and food shortages and changing service demands. Net sales increased 28.8% to $29.5 billion. Adjusted Net income (loss) is Net income (loss) excluding such items as restructuring costs and asset impairment charges, Share-based compensation expense, the non-cash impacts of LIFO reserve adjustments, loss on extinguishment of debt, Business transformation costs and other items, and adjusted for the tax effect of the exclusions and discrete tax items. Adjusted Gross profit as a percentage of Net sales was 16.3%. Commission on February 27, 2018. Become a Customer ; Supporting Your Growth and Success. Whatever you need, we're here 24/7. The increase was primarily due to higher supply chain labor costs and higher non-labor distribution costs directly attributed to the increase in total case volume. Includes early redemption premium and the write-off of certain pre-existing debt issuance costs. Prior period amounts have been revised to conform with current year presentation. Before joining US Foods in 2015, Dave served as Vice President for Uline. said, For the past 46 years, we have had the vision to become a leading EOE Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Protected Veteran/Disability Status***. Mayer was a recipient of a Young Leader Scholar award, presented from American Society of Business Publication Editors (ASBPE), which is given annually to only five U.S. journalists, 30 years of age and under. Independent restaurant case volume increased 28.0%, while organic independent restaurant case volume increased 25.1%. 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. 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. Fruit and vegetables are rich in vitamins, minerals and phytonutrients but today, they are also loaded with heavy chemicals. We have a team of experts to help you be your creative best. Total organic case volume increased 14.8%; independent restaurant organic case volume increased 25.1%. He has a proven track record of driving operational excellence, profitable growth, shareholder returns and a people-centric, high-performing culture. Morgan Stanley & View source version on businesswire.com: Restructuring costs and asset impairment charges (1), COVID-19 product donations and inventory adjustments (7), Business acquisition and integration related costs and other (9), Weighted-average diluted shares outstanding (Non-GAAP) (13). We believe that Net Debt is a useful financial metric to assess our ability to pursue business opportunities and investments. We all know that stress is one of the leading contributing factors to both physical and mental illness. Super-Smart. read. After all, doing more than the competition isn't just a goal - it's a promise. Merrill Lynch and will fund the balance of the purchase price through ago. {{data.customerName}} ({{data.customerNumber}}), {{dept.departmentName | truncateList}} ({{dept.departmentNumber}}), {{dept.departmentName | truncateList}}({{dept.departmentNumber}}). 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. Jay joined US Foods as a Territory Manager for Alliant Foodservice more than 25 years ago and has held a range of leadership roles with the company including Division President, Region President and Stock Yards President. He joined Allegheny Power in February 2005, serving as Vice President Distribution and later as President of Allegheny Energy through July 2008. Delivering products by truck is core to our business, says Dario Skocir, senior vice president field operations. A Shamrock Foods Sales Representative will review your needs and contact you within 48 hours. Net sales benefited from food cost inflation of 8.9% in fiscal 2021 as well as the increased volumes over prior year. Before joining Meridian Health, David led the Human Resource organizations at Windstream and Sears Holdings. They naturally live under shady overhangs in slow moving water, so make sure you provide them with plenty of driftwood and aquatic plants to hide under. We believe EBITDA and Adjusted EBITDA provide meaningful supplemental information about our operating performance because they exclude amounts that we do not consider part of our core operating results when assessing our performance. Total case volume increased 6.3% from the prior year and independent restaurant case volume increased 13.0% from the prior year. Sign up today and get inspiration straight to your inbox. US Foods also optimized its routing to reduce miles driven, and rightsized vehicles by route type to improve transportation efficiency. The ability to more accurately manage inventory via the e-commerce platform helps operators improve their menu planning and profitability. 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. Benefits medical, dental, vision, 401K, life insurance, strong safety culture, and much more! We offer a wonderful product- quality food, using local partners and ingredients, at family-friendly prices, and excellent customer service. Size: 3.5'' This South American native is a member of the cichlidae family, and is a an ambush predator. Dave previously served as Executive Vice President, Revenue Management and Strategy. In the United States, the vast majority of investor-owned businesses form with the most powerful at the top and the most productive, or the people producing the labor or product, at the bottom. Share-based compensation expense for expected vesting of stock awards and employee stock purchase plan. These non-GAAP financial measures exclude the impact of certain items and, therefore, have not been calculated in accordance with GAAP. And, US Foods Mobile allows operators to check, edit, create new orders and track deliveries on their mobile or tablet device. The event taking place at the Paramount Fine Foods . Provides Outlook for 2022 and 2024 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. Decide on what kind of signature to create. Visit our updated, Distributor/Logistics Provider of the Year, Food Automation & Manufacturing (FA&M) Conference & Expo, Foodservice Distributor/Logistics Provider of the Year. 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. This structure incentivizes businesses to . Operating expenses of $4.2 billion increased $435 million, or 11.5% from the prior year. Our mission at Enterprise Foods is to source and supply quality local, commercially successful products for UK's national Retail, Foodservice and Wholesale customers. to learn more. We value privacy. 2021 was a year of resilience and recovery. restaurants and foodservice operators to help their businesses succeed. Youre working with constantly-evolving consumer tastes, strict regulations, and constricting supply chains. Get notified about new Delivery Driver jobs in Augusta, GA. Visit the Career Advice Hub to see tips on interviewing and resume writing. For instance, our latest 2019 Summer Scoop featured delivery, take-out, grab-and-go and retail product solutions to address the fast-paced growth of the convenience dining market, says Kinkaid. national foodservice company. approximately 40% of its net sales base, and employs a forward-thinking In Fiscal 2022, the Company expects Adjusted EBITDA of $1.2-$1.3 billion and Adjusted Diluted EPS of $1.95-$2.25. Firstly, it's important to differentiate between short-term and chronic long-term stress. 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. US Foods is a collection of talented professionals dedicated to making a difference in a high-preformance, diverse environment. MyShamrock Login Become a Customer Tell us about yourself and your business Method. Visit www.usfoods.com to learn more. 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. Amazon.com, Inc. (/ m z n / AM--zon) is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.It has been referred to as "one of the most influential economic and cultural forces in the world", and is one of the world's most valuable brands. 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