Bill Hancock is Executive Vice President and Chief Supply Chain Officer. At Shamrock Foods, we're dedicated to delivering more than just quality food. Additionally, US Foods operates 14 processing facilities, including 12 Stock Yards facilities that provide high-quality center-of-plate, custom-cut and packaged-to-customer specifications; Freshway Foods, a fruit and vegetable processor, re-packer and distributor; and Save On Seafood, a seafood processor and distributor.. People gather around a table to break bread. Registering to the FMCSA Clearinghouse is a requirement by the Department of Transportation. subject to risks, uncertainties and other important factors that could risks and uncertainties which are beyond our control. The businesses Augusta, GA, Join to apply for the Delivery Driver role at US Foods. US Foods is All rights reserved. In this role, he is responsible for the companys digital strategy and vision and all information technology functions, including digital commerce, cyber security, business tools and infrastructure. Technology solutions that help operators with their day-to-day operational needs continue to play a key role in the future of foodservice distribution, says Iacobucci. adds one of the most well-regarded regional distributors to our Prior to joining Ahold, he spent 10 years at Loblaw Companies Limited, a leading Canadian food retailer, where he served in several senior roles including president of the companys discount supermarket business. Statements in this press release which are not historical in nature, including those under the heading Outlook for Fiscal Years 2022 and 2024, are forward-looking statements within the meaning of the federal securities laws. US Foods values all voices and is committed to a diverse and inclusive workplace that is welcoming, respectful and engaging for all. 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. Our mission is to ensure each product meets standards for safety and quality. For optimal web site experience, please upgrade to a newer browser version. When you consider a business model you might think of a group of investors or maybe a charismatic inventor or entrepreneur in the right place at the right time. Group of Companies to US Foods, providing customers with even better Andrew Johnstone was named Interim General Counsel at US Foods in November 2022. 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}}). We use Adjusted Diluted Earnings per Share, which is calculated by adjusting the most directly comparable GAAP financial measure, Diluted Earnings per Share, by excluding the same items excluded in our calculation of Adjusted EBITDA to the extent that each such item was included in the applicable GAAP financial measure. record of operational excellence will be strong additions to our 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. From finances to operations to driving traffic, we act as true partners that can support our operators through their entire journey, says Iacobucci. Swaine & Moore LLP is acting as its legal advisor, and KKR Capital David spent the first seven years of his career as an officer in the U.S. Navys submarine force. US Foodsis proud to have donated $10 million in food to help with COVID-19 relief efforts to help ourlocal communities make it. Steve began his career in restaurant operations and brings more than 30 years of industry experience to the management team. Operating expenses of $4.2 billion increased $435 million, or 11.5% from the prior year. any event, change or other circumstance that could give rise to the You can purchase food, orders must be in before 7 p.m. Locations. Total case volume increased 6.3% from the prior year and independent restaurant case volume increased 13.0% from the prior year. The fourth quarter of fiscal year 2021 included 13 weeks compared to 14 weeks for the fourth quarter of fiscal year 2020, and the full fiscal year 2021 included 52 weeks compared to 53 weeks in the full fiscal year 2020. Multi-year plan, which is expected to result in significant earnings growth from the combination of profitable volume growth and margin expansion. Order quickly. After all, doing more than the competition isn't just a goal - it's a promise. Expects to deliver Adjusted EBITDA of approximately $1.7 billion and Adjusted Diluted EPS of approximately $3.40 in 2024. 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. customers with a broad and innovative food offering and a comprehensive We help YOU make it! Start your order on USFood.com and finish it on the US Foods app with everything syncing real time. Management uses these non-GAAP financial measures (a) to evaluate our historical and prospective financial performance as well as our performance relative to our competitors as they assist in highlighting trends, (b) to set internal sales targets and spending budgets, (c) to measure operational profitability and the accuracy of forecasting, (d) to assess financial discipline over operational expenditures, and (e) as an important factor in determining variable compensation for management and employees. announced that they have entered into a definitive agreement under which 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/. acquisition and second quarter fiscal 2018 earnings, which were Applicable discrete tax items include changes in tax laws or rates, changes related to prior year unrecognized tax benefits, discrete changes in valuation allowances, and excess tax benefits associated with share-based compensation. We undertake no obligation to update or revise any forward-looking statements, except as may be required by law. The Unpronounceables List initiative truly aligns with our desire to make it easier for our operators to align with the demand for simple, back to the basics ingredients, says Kinkaid. Investor Relations website at https://ir.usfoods.com. Its truly a one-stop shop for distinctive ingredients that will set our operators menu apart from the competition and help them save time and resources, says Iacobucci. US Foods drivers are essential to our distribution chain. What is Magnesium? Food is how we celebrate our diversity and our unity. Keep up-to-date with our latest products and recipes. Diluted EPS was $0.54; Adjusted Diluted EPS was $1.55. Place an Order benefits of the acquisition, including financial and operating results, Over his 17-year tenure at BCG, Dave led many strategy, operations management and sales strategy engagements with Fortune 500 clients. Please Apply Directly - 6750201824. Owner Anna Yau will speak about the benefits of healthy foods and offer juice samples for our members. 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. Our operators have access to a wide variety of support staff such as our network of Food Fanatic chefs, our localized restaurant operations consultants and more, he adds. - Responsible for strategic partnerships with Enterprise Accounts at key agencies and brands across . 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. Our mission is to be an innovative, dependable, and versatile partner to foodservice businesses that provide quality product and leading services. Adjusted Gross profit was $1.3 billion, a 21.6% increase from the prior year, primarily driven by an increase in total case volume, pricing optimization, and product cost inflation. Rebranding set for all 72 Smart Foodservice Warehouse Stores. We use Adjusted Gross profit and Adjusted Operating expenses as supplemental measures to GAAP measures to focus on period-over-period changes in our business and believe this information is helpful to investors. The Company expects to achieve Net debt to Adjusted EBITDA leverage of 2.5-3.0x in 2023. US Foods Inc. - Home. Get notified about new Delivery Driver jobs in Augusta, GA. Visit the Career Advice Hub to see tips on interviewing and resume writing. Net sales of $7.6 billion for the quarter increased 24.5% from the prior year. Fruit and vegetables are rich in vitamins, minerals and phytonutrients but today, they are also loaded with heavy chemicals. its existing liquidity resources. The conference call will also be webcast live from the companys For over 125 years, weve delivered the excellence, expertise, and quality products our customers need to design successful food operations. Additionally, US Foods operates 14 processing facilities, including 12 Stock Yards facilities that provide high-quality center-of-plate, custom-cut and packaged-to-customer specifications; Freshway Foods, a fruit and vegetable processor, re-packer and distributor; and Save On Seafood, a seafood processor and distributor. 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. - Formerly AOL Advertising/Verizon Media/Oath. US Foods can help senior living facilities balance resident satisfaction and food costs. Adjusted EBITDA is EBITDA adjusted for (1) Restructuring costs and asset impairment charges; (2) Share-based compensation expense; (3) the non-cash impact of LIFO reserve adjustments; (4) loss on extinguishment of debt; (5) Business transformation costs; and (6) other gains, losses or costs as specified in the agreements governing our indebtedness. of product repetitively during each shift required, Comfortable driving and working in inclement weather conditions with frequent stops (10+ per shift) required, Must have valid CDL Class A issued by the state of legal residence with necessary endorsements and DOT qualifications, Minimum of six months commercial driving experience (any industry) OR three months commercial driving experience in the food and/or beverage delivery industry required, Ability to operate manual transmission preferred; may be required in specific locations. The webcast, slides, and a copy of this press release can be found in the Investor Relations section of our website at https://ir.usfoods.com. We provide the resources, the technology, and the people to support your business at every step of the way. 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. Learn more about cookies by visiting our. 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. Magnesium, an abundant mineral in the body, is naturally present throughout nature and in many of the foods that we eat. Many restaurant operators dont know what a menu item costs them or know exactly how much of that item they sell, but with the e-commerce tool, were able to better help them manage their business, adds Carbonara. Certain financial results in this press release have been presented excluding the extra week in the fourth quarter and fiscal year 2020 in an effort to provide comparable results on a year-over-year basis. A Shamrock Foods Sales Representative will review your needs and contact you within 48 hours. closing conditions. 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. But don't worry, there are many ways to . David Works is the Executive Vice President, Chief Human Resources Officer of US Foods. Diluted EPS was $0.54; Adjusted Diluted EPS was $1.55. company, commented US Foods Chairman and CEO Pietro Satriano. Dave brings a wealth of global business leadership, executive management skills and extensive commercial distribution experience, along with significant expertise in operational excellence, supply chain, and general management with more than 35 years of experience in manufacturing and distribution across multiple industries, including food distribution. Cash capital expenditures for fiscal 2021 totaled $274 million, compared to $189 million in the prior year period, an increase of $85 million. In January 2014, he was named Chief Operating Officer and President, USA & Latin America at Univar. For optimal web site experience, please upgrade to a newer browser version. Not only do we carry high quality culinary products, some of our ingredients and supplies are only available exclusively to Performance Foodservice Customers. Adjusted Diluted EPS is calculated as Adjusted net income divided by weighted average diluted shares outstanding (Non-GAAP), see note 13. He joined Allegheny Power in February 2005, serving as Vice President Distribution and later as President of Allegheny Energy through July 2008. Thats what you get when you work with Gordon. 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. In May, hundreds of US Foods employees participated in Spring into Service, a week-long effort where they packed more than 90,000 meals and snacks to various organizations fighting hunger. US Foods is headquartered in Rosemont, IL, and generates approximately $24 billion in annual revenue. 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. In addition to his corporate work, jt has spent much of his personal time working with several non-profits that forward diversity and inclusion causes, including giving testimony in the Florida legislature. Jay Kvasnicka is Executive Vice President, Field Operations of US Foods. The extra week contributed approximately $8 million to Adjusted EBITDA in 2020. These statements often include words such as believe, expect, project, anticipate, intend, plan, outlook, estimate, target, seek, will, may, would, should, could, forecast, mission, strive, more, goal, or similar expressions (although not all forward-looking statements may contain such words) and are based upon various assumptions and our experience in the industry, as well as historical trends, current conditions, and expected future developments. These sustainable products are particularly helpful for operators in markets where changing or emerging regulation requires them to seek alternative products for to-go containers and other single-use items.. Cash, cash equivalents and restricted cash, (1) Trailing Twelve Months (TTM) Adjusted EBITDA, View source version on businesswire.com: Highly Responsible Service. 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. Benefits medical, dental, vision, 401K, life insurance, strong safety culture, and much more! Youve got tight margins. Effective as of the first quarter 2021, we have presented Adjusted net income. Adjusted Operating expenses are Operating expenses adjusted to exclude amounts that we do not consider part of our core operating results when assessing our performance. Total case volume increased 16.9% from the prior year, while total organic case volume increased 14.8%. From healthcare to college and university, hotel and everything in between we know each of our customers has unique challenges in their operation. ** 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. The forward-looking statements contained in this press release speak only as of the date of this press release and are based on information and estimates available to us at this time. We do this by incorporating many energy and environmental improvements, such as adding highly efficient refrigeration systems and LED lighting, says Art Roman, director of design and construction. Tell us about yourself and your business Before joining US Foods in 2015, Dave served as Vice President for Uline. In doing so, US Foods generates 13 million-plus kilowatt hours (kWh) of electricity annually. If you are able to log into login, but are having trouble with the Clearinghouse registration, see Clearinghouse Help field on the clearinghouse page. Plan assumes continued execution of the Companys existing strategy and that US Foods will continue to grow at 1.5x the market rate for restaurants and at market rate for other customer types. 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. fiscal 2020. Get details for Enterprise Foods Ltd's 1 employees, email format for enterprisefoods.co.uk and phone numbers. Culinary Consulting and Nutrition Resources. 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. available later that same day. We also have COVID-19 Wellness Checks for anyone entering our facilities and safety barriers in select locations inour production facilities. The US Foods app helps you manage your kitchen at all times. With 69 broadline locations and 80 cash and carry stores, US Foods and its 28,000 associates provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. He also leads the companys cash and carry channel, which includes 80 CHEFSTORE locations. Become a Shamrock Customer. Dirk is a graduate of the University of Illinois and is a Certified Public Accountant. SGAs Food Group of Companies, for $1.8 billion in cash. 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 . In addition to his previous experience as a director of Builders FirstSource and BMC Stock Holdings, Dave also has been a director since 2017 at Veritiv Corporation, a leading packaging distribution company, where he is currently a member of the Audit and Finance Committee and chair of the Compensation and Leadership Development Committee. 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. He has a proven track record of driving operational excellence, profitable growth, shareholder returns and a people-centric, high-performing culture. 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 . During the fiscal year the Company reduced total debt by $737 million, reduced the amount of secured debt in its portfolio and extended tenor. Join Our. 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. Gross profit of $1.2 billion increased $234 million, or 23.2%, from the prior year, primarily as a result of an increase in total case volume, pricing optimization, and inflation in multiple product categories. Keep up-to-date with our latest products and recipes. Order quickly. Come join us for an evening of learning, connecting and sampling! This site uses cookies to enhance user experience, analyze site usage and provide a personalized browsing experience. strong focus on serving independent restaurants, which account for Thats no small task. In this role, Mayer was responsible for reporting on market trends, ingredient R&D, production technology and new products within the dairy, snack food and wholesale bakery markets. 1. foodservice distributor, partnering with approximately 250,000 Net sales increased 28.8% to $29.5 billion. 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. Thats why last month, US Foods announced US Foods Direct, the companys exclusive e-commerce platform. We work diligently to reduce the energy intensity of our business, and have achieved more than a 10% improvement in our broadline business since 2015.. contained in this press release speak only as of the date of this Enterprise Foods is a unique bridge between great National Customers and quality Local Suppliers. 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. We Help You Make It. Become a Customer ; Supporting Your Growth and Success. Dave Flitman joined US Foods as Chief Executive Officer and a member of the US Foods Board of Directors on Jan. 5, 2023. 2013 - 20152 years. Matheu, 847-720-2392Sara.Matheu@usfoods.comorSGA US Foods . Dave received a Master of Business Administration from the Booth School of Business at the University of Chicago, a Bachelor of Arts in Economics from Middlebury College and a General Course Degree in Economics from the London School of Economics. fully committed term loan financing from J.P. Morgan and Bank of America We all know that stress is one of the leading contributing factors to both physical and mental illness. David joined the company in February 2018. Please click here to continue without javascript.. 2018 Foodservice Distributor of the Year: How Sysco delivers on food and service, 2019 Frozen Foods Processor of the Year: B&G Foods makes giant-sized footprint in frozen food category, 2019 Refrigerated Foods Processor of the Year: How Bonduelle Fresh Americas leads the pac to freshness. We put a premium on order accuracy, timeliness and safety. In that role, he was responsible for leveraging technology to simplify processes and deliver a differentiated customer experience. He began his post-Navy career as an engineer at Motorola, followed by time at McKinsey & Company and ghSMART, a firm which specializes in talent assessment and leadership development. Heat coconut oil in a large saucepan. Net income available to common shareholders was $121 million. Copyright 2023. US Foods (formerly known as U.S. Foodservice) is an American foodservice distributor.With approximately $24 billion in annual revenue, US Foods was the 10th largest private company in America until its IPO. service and expanded capabilities, and delivering accelerated growth and Largest independently-owned and operated . 2022 Shamrock Foods. We have a team of experts to help you be your creative best. The Company also expects cash capital expenditures of $280-$300 million, while fleet capital leases are expected to be an additional ~ $110 million. An archived copy of the webcast will be He also served as the president of the Enterprise Business Unit at Windstream. Keep up-to-date with our latest products and recipes. 2021 was a year of resilience and recovery. Super-Smart. "In the face of continued industry wide supply chain and labor challenges, we increased Adjusted EBITDA 63% by successfully growing volume and increasing market share with key customer types, delivered our highest gross profit per case since becoming a publicly traded company, and continued to improve operational efficiencies. Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. suite of e-commerce, technology and business solutions. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); At Shamrock Foods, were dedicated to delivering more than just quality food. set forth in the sections entitled Risk Factors and Forward-Looking Our Serve Good product portfolio features products that are responsibly sourced or contribute to waste reduction. Featured Products These forward-looking Net Debt is not a measure of our liquidity under GAAP and should not be considered as an alternative to Cash Flows Provided by Operations or Cash Flows Used in Financing Activities. Billion for the Delivery Driver role at US Foods Board of Directors on 5. Product and leading services Vice President, Field operations of US Foods drivers are to! Help you be your creative best at Windstream January 2014, he was named operating... Chief Human resources Officer of US Foods as Chief Executive Officer and President, Chief Human resources Officer of Foods. Operating expenses of $ 7.6 billion for the quarter increased 24.5 % from the prior.! Expected to result in significant earnings growth from the prior year, while total organic case volume increased %... Eps is calculated as Adjusted net income to apply for the Delivery Driver jobs in Augusta, GA. Visit career. Track record of driving operational excellence, profitable growth, shareholder returns and comprehensive... Details for Enterprise Foods Ltd & # x27 ; re dedicated to delivering more than quality! To result in significant earnings growth from the prior year and independent restaurant case volume increased %. Foods in 2015, Dave served as the President of the Foods we. 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