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. 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. NYSE: USFD 38.22 -1.05 -2.67%. Visit www.usfoods.com We undertake no obligation to update or revise any 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. Heres why it was named Refrigerated & Frozen Foods 2019 Foodservice Distributor of the Year. Dirk Locascio is Chief Financial Officer of US Foods, a role he has served in since February 2017. Thats why last month, US Foods announced US Foods Direct, the companys exclusive e-commerce platform. expressed in the forward-looking statements are: (1) the occurrence of After all, doing more than the competition isnt just a goal its a promise. Need something right away? Multi-year plan, which is expected to result in significant earnings growth from the combination of profitable volume growth and margin expansion. The Unpronounceables List includes more than 80 ingredients such as artificial flavors, artificial colors, high-fructose corn syrup, disodium guanylate, sodium benzoate and monosodium glutamate the company will avoid using in more than 1,000 of its Exclusive Brand products. US Foods will finance the acquisition primarily with $1.5 billion in A1 Cash & Carry restaurant wholesaler & wholesale distributor specializing in B2B wholesale of commercial kitchen supplies, food packaging, cleaning supplies, meat, seafood supplier, takeout containers wholesale, fruits, vegetables, spices, frozen foods, beverages. 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. Our Delivery Drivers make $$1,824.45 weekly! 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. With 25,000 employees and more than 60 locations, US Foods provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. Each US Foods customer has unique challenges. December 30, 2017, which was filed with the Securities and Exchange The forward-looking statements Dirk is a graduate of the University of Illinois and is a Certified Public Accountant. US Foods Holding Corp. traces its roots back more than 150 years to the Reid-Murdoch Co., a Dubuque, Iowa, company that delivered supplies on wagon trains to the Western Frontier. Greater New York City Area. Napier, [email protected]:Sara Morgan Stanley & Thats no small task. Join our team. Sun., Feb. 19, 2023 timer 1 min. This structure incentivizes businesses to . Learn morehere. High-Tech. We undertake no obligation to update or revise any forward-looking statements, except as may be required by law. He joined Allegheny Power in February 2005, serving as Vice President Distribution and later as President of Allegheny Energy through July 2008. Some features may be unavailable during system maintenance on Thursday and Saturday evenings. Go back to the previous page or go to USFoods.com, Quick Links: 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. At US Foods, we think deeper about our operators business to drive their successwhats working and what potential lies ahead. 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. Diluted EPS was $0.54; Adjusted Diluted EPS was $1.55. Dave began his career at DuPont where he spent 20 years in various operational, commercial and global business leadership positions. 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. 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. Net income available to common shareholders was $121 million. EOE Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Protected Veteran/Disability Status***. compensation: $16.50 per hour. The US Foods e-commerce site offers lists management to help customers keep all their orders organized and drive consistency.. In doing so, US Foods generates 13 million-plus kilowatt hours (kWh) of electricity annually. 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). Prior to that, he served as Partner and Managing Director for The Boston Consulting Group leading their B2B pricing practice. call has been rescheduled to today from its originally scheduled date of We have a suite of tools designed specifically for our customers to help you improve efficiency and pursue innovation. For US Foods, Great Food. 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. Net Debt at the end of fiscal year 2021 was $4.9 billion, a decrease of $57 million versus the end of fiscal 2020. Listeners are asked Terms of Access: Privacy Policy 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 . Represents the non-cash impact of LIFO reserve adjustments. SGAs Food Group of Companies, for $1.8 billion in cash. We also have COVID-19 Wellness Checks for anyone entering our facilities and safety barriers in select locations inour production facilities. 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. Delivering products by truck is core to our business, says Dario Skocir, senior vice president field operations. acquisition of SGAs Food Group of Companies, are forwardlooking 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 . Additional fleet enhancements include the installation of trailer skirts to help with wind resistance, and the use of SmartWay-verified tires and tire inflation systems to help with fuel efficiency. 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. Get notified about new Delivery Driver jobs in Augusta, GA. Visit the Career Advice Hub to see tips on interviewing and resume writing. 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.. 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. Some web site features may not function as expected with your current browser version. job title: Customer Service Generalist. shortly before that time. a broad array of foodservice solutions to a wide spectrum of customers After Insta-Burger King ran into financial difficulties, its two Miami-based franchisees David Edgerton (1927-2018) and James McLamore (1926-1996 . EBITDA is Net income (loss), plus Interest expense-net, Income tax provision (benefit), and Depreciation and amortization. However, Adjusted Gross profit, Adjusted Operating expenses, EBITDA, Adjusted EBITDA, Net Debt, Adjusted Net income (loss) and Adjusted Diluted EPS are non-GAAP financial measures regarding our operational performance and liquidity. Some features may be unavailable during system maintenance on Thursday and Saturday evenings. 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. Lets talk about how. release. 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. 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. Being a part of US Foods means working hard to deliver the products our customers count on to run their businesses every day. 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. Deep frying food is defined as a process where food is completely submerged in hot oil at temperatures typically between 350 F (177 C) and 375 F (191 C), but deep frying oil can reach temperatures of over 400 F (205 C). We believe that Adjusted Net income (loss) may be used by investors, analysts, and other interested parties to facilitate period-over-period comparisons and provides additional clarity as to how factors and trends impact our operating performance. Foods pro forma net leverage is expected to be 4.1x. forward-looking statements. 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. Independent restaurant case volume increased 28.0%, while organic independent restaurant case volume increased 25.1%. US Foods Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. including independent and chain foodservice operators. Were looking for driven individuals who relish the chance to push their potential, grow and reap the rewards of joining the US Foods family. Sign up today and get inspiration straight to your inbox. Some web site features may not function as expected with your current browser version. Contact your sales rep and theyll get you what you need, available for pickup or delivery. in annual revenue. Group of Companies to US Foods, providing customers with even better He also served as President and Chief Executive Officer at BMC Stock Holdings prior to the merger of the two companies. Excellent local leadership. US Foods will host a live webcast to discuss fourth quarter and fiscal year 2021 results on February 17, 2022 at 9 a.m. CST. 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. Commission on February 27, 2018. It sources from 5,000 suppliers, manages a fleet of 6,000 trucks, oversees 63 distribution facilities and operates six CHEFSTORE locations. Excluding the extra week, total case volume increased 13.0% and independent restaurant case volume increased 20.6%. Intuitive. But don't worry, there are many ways to . 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. Add in the chopped onion and red pepper and brown for a few minutes, then add 2 cloves of garlic and 1 chopped red chilli, stir to combine. If you are able to log into login, but are having trouble with the Clearinghouse registration, see Clearinghouse Help field on the clearinghouse page. These non-GAAP financial measures exclude the impact of certain items and, therefore, have not been calculated in accordance with GAAP. 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