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    Subscribe to $VSTS

    Vestis Corporation

    Subscribe to $VSTS
    $VSTS
    00

    IPO Year: 2023

    Exchange: NYSE

    Recent Analyst Ratings for Vestis Corporation

    DatePrice TargetRatingAnalyst
    8/8/2024$13.00Outperform → Neutral
    Robert W. Baird
    5/31/2024Mkt Perform
    William Blair
    5/7/2024$13.40Buy → Neutral
    Redburn Atlantic
    5/3/2024Buy → Hold
    Stifel
    5/3/2024$22.00 → $11.00Overweight → Neutral
    JP Morgan
    2/28/2024$17.00 → $19.00Equal Weight → Underweight
    Barclays
    1/25/2024$22.00Neutral
    Goldman
    1/11/2024$24.00Outperform
    Wolfe Research
    12/15/2023$24.00Overweight
    Wells Fargo
    11/21/2023$20.00Buy
    Jefferies
    See more ratings

    Vestis Corporation Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Pertz Douglas A bought $431,900 worth of shares (70,000 units at $6.17), increasing direct ownership by 31% to 297,010 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      5/9/25 5:03:32 PM ET
      $VSTS
    • Director Burke Richard L. Jr. bought $105,314 worth of shares (18,382 units at $5.73), increasing direct ownership by 62% to 48,112 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      5/9/25 5:01:21 PM ET
      $VSTS
    • * Holloman James Phillip was granted 66,503 shares, increasing direct ownership by 86% to 143,779 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      3/24/25 4:38:54 PM ET
      $VSTS
    • EVP & Chief Operating Officer Seward William J. was granted 386 shares, increasing direct ownership by 0.32% to 120,862 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      3/20/25 6:13:29 PM ET
      $VSTS
    • EVP and CTO Shih Grant was granted 32 shares, increasing direct ownership by 0.27% to 11,681 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      3/20/25 6:11:42 PM ET
      $VSTS
    • President and CEO Scott Kim was granted 372 shares, increasing direct ownership by 0.17% to 216,414 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      3/20/25 6:09:46 PM ET
      $VSTS
    • EVP and Chief HR Officer Kervin Angela was granted 87 shares, increasing direct ownership by 0.19% to 45,443 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      3/20/25 6:08:14 PM ET
      $VSTS
    • EVP, CLO & General Counsel Bouchard Andre C was granted 34 shares, increasing direct ownership by 0.32% to 10,764 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      3/20/25 6:06:45 PM ET
      $VSTS
    • Director Whitney Mary Anne was granted 45 shares, increasing direct ownership by 0.21% to 21,380 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      3/20/25 6:04:07 PM ET
      $VSTS
    • Director Pertz Douglas A was granted 71 shares, increasing direct ownership by 0.03% to 227,010 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      3/20/25 6:02:05 PM ET
      $VSTS

    Vestis Corporation Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

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    Vestis Corporation SEC Filings

    See more

    Vestis Corporation Large Ownership Changes

    This live feed shows all institutional transactions in real time.

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    • Director Pertz Douglas A bought $431,900 worth of shares (70,000 units at $6.17), increasing direct ownership by 31% to 297,010 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      5/9/25 5:03:32 PM ET
      $VSTS
    • Director Burke Richard L. Jr. bought $105,314 worth of shares (18,382 units at $5.73), increasing direct ownership by 62% to 48,112 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      5/9/25 5:01:21 PM ET
      $VSTS
    • Pertz Douglas A bought $913,761 worth of shares (76,910 units at $11.88), increasing direct ownership by 54% to 218,046 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      5/29/24 5:47:31 PM ET
      $VSTS
    • Shih Grant bought $9,600 worth of shares (800 units at $12.00), increasing direct ownership by 15% to 6,187 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      5/28/24 5:06:12 PM ET
      $VSTS
    • Corvex Management Lp bought $1,202,000 worth of shares (100,000 units at $12.02) (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      5/24/24 6:34:49 PM ET
      $VSTS
    • Corvex Management Lp bought $1,217,000 worth of shares (100,000 units at $12.17) (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      5/23/24 6:43:29 PM ET
      $VSTS
    • Corvex Management Lp bought $1,250,000 worth of shares (100,000 units at $12.50) (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      5/21/24 7:28:39 PM ET
      $VSTS
    • Corvex Management Lp bought $1,460,994 worth of shares (116,044 units at $12.59) (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      5/20/24 7:58:42 PM ET
      $VSTS
    • Dillon Ricky T bought $201,321 worth of shares (16,200 units at $12.43), increasing direct ownership by 38% to 58,837 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      5/14/24 4:33:52 PM ET
      $VSTS
    • Koschel Williams Ena bought $104,286 worth of shares (8,500 units at $12.27), increasing direct ownership by 41% to 29,266 units (SEC Form 4)

      4 - Vestis Corp (0001967649) (Issuer)

      5/13/24 4:46:10 PM ET
      $VSTS
    • Vestis Corporation filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

      8-K - Vestis Corp (0001967649) (Filer)

      5/9/25 4:16:38 PM ET
      $VSTS
    • Vestis Corporation filed SEC Form 8-K: Leadership Update

      8-K - Vestis Corp (0001967649) (Filer)

      5/8/25 4:10:36 PM ET
      $VSTS
    • Amendment: SEC Form SCHEDULE 13D/A filed by Vestis Corporation

      SCHEDULE 13D/A - Vestis Corp (0001967649) (Subject)

      5/6/25 9:19:38 PM ET
      $VSTS
    • Vestis Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Vestis Corp (0001967649) (Filer)

      5/6/25 4:12:58 PM ET
      $VSTS
    • Vestis Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits

      8-K - Vestis Corp (0001967649) (Filer)

      5/6/25 4:10:59 PM ET
      $VSTS
    • Amendment: SEC Form SCHEDULE 13G/A filed by Vestis Corporation

      SCHEDULE 13G/A - Vestis Corp (0001967649) (Subject)

      5/2/25 11:24:25 AM ET
      $VSTS
    • SEC Form SCHEDULE 13G filed by Vestis Corporation

      SCHEDULE 13G - Vestis Corp (0001967649) (Subject)

      5/2/25 10:53:31 AM ET
      $VSTS
    • SEC Form SCHEDULE 13G filed by Vestis Corporation

      SCHEDULE 13G - Vestis Corp (0001967649) (Subject)

      4/9/25 5:59:47 PM ET
      $VSTS
    • SEC Form 8-K filed by Vestis Corporation

      8-K - Vestis Corp (0001967649) (Filer)

      3/19/25 7:01:30 AM ET
      $VSTS
    • Vestis Corporation filed SEC Form 8-K: Leadership Update

      8-K - Vestis Corp (0001967649) (Filer)

      3/4/25 4:16:03 PM ET
      $VSTS
    • SEC Form SC 13G filed by Vestis Corporation

      SC 13G - Vestis Corp (0001967649) (Subject)

      11/12/24 10:34:15 AM ET
      $VSTS
    • Amendment: SEC Form SC 13D/A filed by Vestis Corporation

      SC 13D/A - Vestis Corp (0001967649) (Subject)

      6/20/24 10:41:12 AM ET
      $VSTS
    • SEC Form SC 13D filed by Vestis Corporation

      SC 13D - Vestis Corp (0001967649) (Subject)

      5/8/24 6:30:28 PM ET
      $VSTS

    Vestis Corporation Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Vestis downgraded by Robert W. Baird with a new price target

      Robert W. Baird downgraded Vestis from Outperform to Neutral and set a new price target of $13.00

      8/8/24 6:53:09 AM ET
      $VSTS
    • William Blair initiated coverage on Vestis

      William Blair initiated coverage of Vestis with a rating of Mkt Perform

      5/31/24 7:54:42 AM ET
      $VSTS
    • Vestis downgraded by Redburn Atlantic with a new price target

      Redburn Atlantic downgraded Vestis from Buy to Neutral and set a new price target of $13.40

      5/7/24 6:36:00 AM ET
      $VSTS
    • Vestis downgraded by Stifel

      Stifel downgraded Vestis from Buy to Hold

      5/3/24 11:24:06 AM ET
      $VSTS
    • Vestis downgraded by JP Morgan with a new price target

      JP Morgan downgraded Vestis from Overweight to Neutral and set a new price target of $11.00 from $22.00 previously

      5/3/24 7:43:40 AM ET
      $VSTS
    • Vestis downgraded by Barclays with a new price target

      Barclays downgraded Vestis from Equal Weight to Underweight and set a new price target of $19.00 from $17.00 previously

      2/28/24 6:23:37 AM ET
      $VSTS
    • Goldman initiated coverage on Vestis with a new price target

      Goldman initiated coverage of Vestis with a rating of Neutral and set a new price target of $22.00

      1/25/24 7:21:45 AM ET
      $VSTS
    • Wolfe Research initiated coverage on Vestis with a new price target

      Wolfe Research initiated coverage of Vestis with a rating of Outperform and set a new price target of $24.00

      1/11/24 7:05:41 AM ET
      $VSTS
    • Wells Fargo initiated coverage on Vestis with a new price target

      Wells Fargo initiated coverage of Vestis with a rating of Overweight and set a new price target of $24.00

      12/15/23 8:38:21 AM ET
      $VSTS
    • Jefferies initiated coverage on Vestis with a new price target

      Jefferies initiated coverage of Vestis with a rating of Buy and set a new price target of $20.00

      11/21/23 7:51:57 AM ET
      $VSTS

    Vestis Corporation Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Vestis Appoints Jim Barber as President and Chief Executive Officer

      Former Chief Operating Officer of UPS brings more than 35 years of relevant logistics, operations and route-based experience and a track record of driving profitable growth Phillip Holloman to return to role as Chairman of the Board following the transition Vestis Corporation (NYSE:VSTS) ("Vestis" or the "Company"), a leading provider of uniforms and workplace supplies, today announced the appointment of Jim Barber as President and Chief Executive Officer and as a member of the company's Board of Directors (the "Board"), effective June 2, 2025. Mr. Barber succeeds Phillip Holloman, who has been serving as Interim Executive Chairman, President and Chief Executive Officer since March 18, 20

      5/6/25 4:10:00 PM ET
      $VSTS
    • Vestis Reports Second Quarter 2025 Results and Updates Outlook; Amends Credit Agreement Enhancing Financial Flexibility

      Vestis Corporation (NYSE:VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the second quarter ended March 28, 2025 and updated its outlook. Second Quarter 2025 Results Revenue of $665 million Operating Loss of $9 million and Net Loss of $28 million Adjusted EBITDA of $48 million, inclusive of $15 million one-time bad debt expense; Adjusted EBITDA of $63 million, 9.4% of Revenue excluding bad debt expense Operating Cash Flow of $7 million and Free Cash Flow of $(7) million Amended net leverage covenant extending ratio of 5.25x for another year Eliminates dividend to further strengthen balance sheet First Half 2025 Results Revenue

      5/6/25 4:10:00 PM ET
      $VSTS
    • Vestis Announces Date for Fiscal Second Quarter 2025 Earnings Results

      Vestis (NYSE:VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal second quarter 2025 earnings results after the market closes on Tuesday, May 6, 2025. Management will host a webcast to discuss the fiscal second quarter 2025 earnings results on Wednesday, May 7, 2025 at 9:00 AM ET. The webcast can be accessed live through the investor relations section of our web site at www.vestis.com. Additionally, a slide presentation will accompany the call and will be available on the web site. A replay of the live event will also be available on the Company's web site shortly after the call for 90 days. About VESTIS™ Vestis is a leader in the B

      4/22/25 7:30:00 AM ET
      $VSTS
    • Vestis Announces CEO Transition

      Phillip Holloman Appointed Interim Executive Chairman, President and Chief Executive Officer Vestis Corporation (NYSE:VSTS) ("Vestis" or the "Company"), a leading provider of uniforms and workplace supplies, today announced that its Board of Directors (the "Board") has appointed Phillip Holloman as Interim Executive Chairman, President and Chief Executive Officer, effective immediately. Holloman succeeds Kim Scott, who has departed from the Company and the Vestis Board of Directors. The Board has retained a leading executive search firm to assist with identifying Vestis' next President and CEO. "As we embark on a new chapter following the completion of Vestis' first fiscal year as a publi

      3/19/25 7:00:00 AM ET
      $PHM
      $ROK
      $VSTS
      Homebuilding
      Consumer Discretionary
      Industrial Machinery/Components
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    • Vestis Reports First Quarter 2025 Results; Reaffirms FY25 Guidance; Announces Chief Financial Officer and Chief Legal Officer Transitions

      First Quarter 2025 Results Delivered Q1 results in-line with expectations and reaffirms fiscal 2025 outlook Revenue of $684 million, as expected Operating Income of $30 million increased 2% sequentially versus Q4 2024 and Operating Margin of 4.4% was flat sequentially Adjusted EBITDA of $81 million, as expected, increased 0.9% sequentially versus Q4 2024 and Adjusted EBITDA margin of 11.9% increased 10 basis points sequentially Voluntarily prepaid $20 million of term loan debt during the quarter Vestis Corporation (NYSE:VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the first quarter ended December 27, 2024 and reiterated its

      1/31/25 7:00:00 AM ET
      $BCX
      $BKR
      $TISI
      $VSTS
      Finance/Investors Services
      Finance
      Metal Fabrications
      Industrials
    • Vestis Announces Date for Fiscal First Quarter 2025 Earnings Results

      Vestis (NYSE:VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal first quarter 2025 earnings results on January 31, 2025, prior to the market opening. Management will host a webcast to discuss the fiscal first quarter 2025 earnings results at 8:30 AM ET. The webcast can be accessed live through the investor relations section of our web site at www.vestis.com. Additionally, a slide presentation will accompany the call and will be available on the web site. A replay of the live event will also be available on the Company's web site shortly after the call for 90 days. About VESTIS™ Vestis is a leader in the B2B uniform and workplac

      1/15/25 7:30:00 AM ET
      $VSTS
    • Vestis Reports Fourth Quarter and Fiscal 2024 Results

      Provides Fiscal 2025 Guidance Fiscal 2024 Results Revenue of $2.8 billion Operating Income of $158 million or 5.6% of revenue Adjusted EBITDA of $353 million or 12.6% of revenue Operating Cash Flow of $472 million, up 83.6% year-over-year Free Cash Flow of $165 million, up 13.2% year-over-year Net leverage was 3.62x at the end of fiscal 2024 versus 3.95x at the end of fiscal 2023 Net debt was $1.3 billion at the end of fiscal 2024, a decline of $319 million versus the end of fiscal 2023 Vestis Corporation (NYSE:VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the fourth quarter and fiscal year ended September 27, 2024. T

      11/21/24 7:30:00 AM ET
      $VSTS
    • Vestis Announces Date for Fiscal Fourth Quarter and Full-Year 2024 Earnings Results

      Vestis (NYSE:VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal fourth quarter and full-year 2024 earnings results on November 21, 2024, prior to the market opening. Management will host a webcast to discuss the fiscal 2024 earnings results and fiscal 2025 outlook at 8:30 AM ET. The webcast can be accessed live through the investor relations section of our web site at www.vestis.com. Additionally, a slide presentation will accompany the call and will be available on the web site. A replay of the live event will also be available on the Company's web site shortly after the call for 90 days. About VESTIS™ Vestis is a leader in the B2

      11/6/24 7:30:00 AM ET
      $VSTS
    • Vestis to Sell Minority Stake in Japanese Joint Venture

      Vestis (NYSE:VSTS), a leading provider of uniforms and workplace supplies, today announced an agreement to sell its 39% equity stake in Aramark Uniform Services Japan Corporation ("AUSJ") to majority owner Mitsui & Co., Ltd. for approximately $37 million. The Company will use the proceeds from the transaction toward debt repayment. AUSJ, a uniform rental services provider in Japan, was established in 1988 as a joint venture between a group of companies including Vestis' former parent company Aramark. Vestis does not expect to record a material gain or loss as a result of the sale of its minority stake, which was accounted for as a non-operating equity investment and therefore not included

      9/30/24 6:30:00 AM ET
      $VSTS
    • Vestis Confirms Receipt of Preliminary Inquiry

      Vestis (NYSE:VSTS), today confirmed that it received a preliminary inquiry from Elis SA regarding a potential transaction involving the Company. The Board of Directors takes seriously and evaluates any inquiries regarding the Company and all alternatives available to the Company. There can be no assurance that any transaction or other alternative will result from this inquiry. The Company does not undertake to make any further announcements with respect to this or any other inquiries or any strategic alternatives. About Vestis™ Vestis is a leader in the B2B uniform and workplace supplies category. Vestis provides uniform services and workplace supplies to a broad range of North American c

      9/9/24 8:00:00 AM ET
      $VSTS

    Vestis Corporation Financials

    Live finance-specific insights

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    • Vestis Reports Second Quarter 2025 Results and Updates Outlook; Amends Credit Agreement Enhancing Financial Flexibility

      Vestis Corporation (NYSE:VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the second quarter ended March 28, 2025 and updated its outlook. Second Quarter 2025 Results Revenue of $665 million Operating Loss of $9 million and Net Loss of $28 million Adjusted EBITDA of $48 million, inclusive of $15 million one-time bad debt expense; Adjusted EBITDA of $63 million, 9.4% of Revenue excluding bad debt expense Operating Cash Flow of $7 million and Free Cash Flow of $(7) million Amended net leverage covenant extending ratio of 5.25x for another year Eliminates dividend to further strengthen balance sheet First Half 2025 Results Revenue

      5/6/25 4:10:00 PM ET
      $VSTS
    • Vestis Announces Date for Fiscal Second Quarter 2025 Earnings Results

      Vestis (NYSE:VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal second quarter 2025 earnings results after the market closes on Tuesday, May 6, 2025. Management will host a webcast to discuss the fiscal second quarter 2025 earnings results on Wednesday, May 7, 2025 at 9:00 AM ET. The webcast can be accessed live through the investor relations section of our web site at www.vestis.com. Additionally, a slide presentation will accompany the call and will be available on the web site. A replay of the live event will also be available on the Company's web site shortly after the call for 90 days. About VESTIS™ Vestis is a leader in the B

      4/22/25 7:30:00 AM ET
      $VSTS
    • Vestis Reports First Quarter 2025 Results; Reaffirms FY25 Guidance; Announces Chief Financial Officer and Chief Legal Officer Transitions

      First Quarter 2025 Results Delivered Q1 results in-line with expectations and reaffirms fiscal 2025 outlook Revenue of $684 million, as expected Operating Income of $30 million increased 2% sequentially versus Q4 2024 and Operating Margin of 4.4% was flat sequentially Adjusted EBITDA of $81 million, as expected, increased 0.9% sequentially versus Q4 2024 and Adjusted EBITDA margin of 11.9% increased 10 basis points sequentially Voluntarily prepaid $20 million of term loan debt during the quarter Vestis Corporation (NYSE:VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the first quarter ended December 27, 2024 and reiterated its

      1/31/25 7:00:00 AM ET
      $BCX
      $BKR
      $TISI
      $VSTS
      Finance/Investors Services
      Finance
      Metal Fabrications
      Industrials
    • Vestis Announces Date for Fiscal First Quarter 2025 Earnings Results

      Vestis (NYSE:VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal first quarter 2025 earnings results on January 31, 2025, prior to the market opening. Management will host a webcast to discuss the fiscal first quarter 2025 earnings results at 8:30 AM ET. The webcast can be accessed live through the investor relations section of our web site at www.vestis.com. Additionally, a slide presentation will accompany the call and will be available on the web site. A replay of the live event will also be available on the Company's web site shortly after the call for 90 days. About VESTIS™ Vestis is a leader in the B2B uniform and workplac

      1/15/25 7:30:00 AM ET
      $VSTS
    • Vestis Reports Fourth Quarter and Fiscal 2024 Results

      Provides Fiscal 2025 Guidance Fiscal 2024 Results Revenue of $2.8 billion Operating Income of $158 million or 5.6% of revenue Adjusted EBITDA of $353 million or 12.6% of revenue Operating Cash Flow of $472 million, up 83.6% year-over-year Free Cash Flow of $165 million, up 13.2% year-over-year Net leverage was 3.62x at the end of fiscal 2024 versus 3.95x at the end of fiscal 2023 Net debt was $1.3 billion at the end of fiscal 2024, a decline of $319 million versus the end of fiscal 2023 Vestis Corporation (NYSE:VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the fourth quarter and fiscal year ended September 27, 2024. T

      11/21/24 7:30:00 AM ET
      $VSTS
    • Vestis Announces Date for Fiscal Fourth Quarter and Full-Year 2024 Earnings Results

      Vestis (NYSE:VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal fourth quarter and full-year 2024 earnings results on November 21, 2024, prior to the market opening. Management will host a webcast to discuss the fiscal 2024 earnings results and fiscal 2025 outlook at 8:30 AM ET. The webcast can be accessed live through the investor relations section of our web site at www.vestis.com. Additionally, a slide presentation will accompany the call and will be available on the web site. A replay of the live event will also be available on the Company's web site shortly after the call for 90 days. About VESTIS™ Vestis is a leader in the B2

      11/6/24 7:30:00 AM ET
      $VSTS
    • Vestis Announces Quarterly Cash Dividend

      Vestis (NYSE:VSTS) today announced that its Board of Directors has approved a quarterly cash dividend of $0.035 per share of common stock. The dividend is payable to shareholders of record at the close of business on September 13, 2024, and is expected to be paid on October 3, 2024. The amount and timing of any future dividend payment is subject to the approval of the Company's Board of Directors. About Vestis™ Vestis is a leader in the B2B uniform and workplace supplies category. Vestis provides uniform services and workplace supplies to a broad range of North American customers from Fortune 500 companies to locally owned small businesses across a broad set of end sectors. The Company'

      8/19/24 9:00:00 AM ET
      $VSTS
    • Vestis Reports Third Quarter 2024 Results

      Enters into $250 Million Accounts Receivable Securitization Facility Third Quarter 2024 Results and Subsequent Event Highlights Revenue of $698 million decreased 1.6% year-over-year or 1.4% excluding the impact of FX Operating Income of $38 million or 5.4% of revenue Adjusted EBITDA of $87 million or 12.4% of revenue Operating Cash Flow of $176 million fiscal year-to-date, up 22.4% year-over-year Free Cash Flow of $125 million fiscal year-to-date, up 22.6% year-over-year Net leverage was 3.98x and net debt was $1.53 billion at the end of Q3 Pro forma Q3 net leverage declines to 3.33x and pro forma Q3 net debt declines to $1.28 billion, assuming $250 million debt repay

      8/7/24 7:30:00 AM ET
      $VSTS
    • Vestis Announces Date for Fiscal Third Quarter 2024 Earnings Results

      Vestis (NYSE:VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal third quarter 2024 earnings results on August 7, 2024, prior to the market opening. Management will host a webcast to discuss the fiscal third quarter 2024 earnings results at 10:00 AM ET. The webcast can be accessed live through the investor relations section of our web site at www.vestis.com. Additionally, a slide presentation will accompany the call and will be available on the web site. A replay of the live event will also be available on the Company's web site shortly after the call for 90 days. About VESTIS™ Vestis is a leader in the B2B uniform and workplace

      7/9/24 7:30:00 AM ET
      $VSTS
    • Vestis Announces Quarterly Cash Dividend

      Vestis (NYSE:VSTS) today announced that its Board of Directors has approved a quarterly cash dividend of $0.035 per share of common stock. The dividend is payable to shareholders of record at the close of business on June 14, 2024, and is expected to be paid on July 2, 2024. The amount and timing of any future dividend payment is subject to the approval of the Company's Board of Directors. About Vestis™ Vestis is a leader in the B2B uniform and workplace supplies category. Vestis provides uniform services and workplace supplies to a broad range of North American customers from Fortune 500 companies to locally owned small businesses across a broad set of end sectors. The Company's compre

      5/23/24 7:30:00 AM ET
      $VSTS

    Vestis Corporation Leadership Updates

    Live Leadership Updates

    See more
    • Vestis Appoints Jim Barber as President and Chief Executive Officer

      Former Chief Operating Officer of UPS brings more than 35 years of relevant logistics, operations and route-based experience and a track record of driving profitable growth Phillip Holloman to return to role as Chairman of the Board following the transition Vestis Corporation (NYSE:VSTS) ("Vestis" or the "Company"), a leading provider of uniforms and workplace supplies, today announced the appointment of Jim Barber as President and Chief Executive Officer and as a member of the company's Board of Directors (the "Board"), effective June 2, 2025. Mr. Barber succeeds Phillip Holloman, who has been serving as Interim Executive Chairman, President and Chief Executive Officer since March 18, 20

      5/6/25 4:10:00 PM ET
      $VSTS
    • Vestis Announces CEO Transition

      Phillip Holloman Appointed Interim Executive Chairman, President and Chief Executive Officer Vestis Corporation (NYSE:VSTS) ("Vestis" or the "Company"), a leading provider of uniforms and workplace supplies, today announced that its Board of Directors (the "Board") has appointed Phillip Holloman as Interim Executive Chairman, President and Chief Executive Officer, effective immediately. Holloman succeeds Kim Scott, who has departed from the Company and the Vestis Board of Directors. The Board has retained a leading executive search firm to assist with identifying Vestis' next President and CEO. "As we embark on a new chapter following the completion of Vestis' first fiscal year as a publi

      3/19/25 7:00:00 AM ET
      $PHM
      $ROK
      $VSTS
      Homebuilding
      Consumer Discretionary
      Industrial Machinery/Components
      Industrials
    • Vestis Appoints Bill Goetz to the Board of Directors

      Vestis Corporation (NYSE:VSTS) ("Vestis" or the "Company"), a leading provider of uniforms and workplace supplies, today announced the appointment of Bill Goetz to the Company's Board of Directors, effective immediately. His appointment increases the size of the Board from nine to ten directors, eight of whom, including Mr. Goetz, are independent. Mr. Goetz most recently served as President and CEO of DYMA Brands, a leading manufacturer to the foodservice industry. Previously Mr. Goetz served as President and COO of Carriage Services, held roles of increasing responsibility at Sysco Corporation, including Senior Vice President of Sales and Marketing and Chief Marketing Officer, and spent

      8/5/24 9:00:00 AM ET
      $VSTS
    • Vestis Announces Key Operations and Sales Leadership Appointments

      Bill Seward named Chief Operating Officer and Peter Rego named Senior Vice President of Sales Vestis Corporation (NYSE:VSTS) ("Vestis" or the "Company"), a leading provider of uniforms and workplace supplies, today announced the appointment of Bill Seward as Chief Operating Officer (COO), effective September 1, 2024, and Peter Rego as Senior Vice President of Sales, effective immediately. Reporting directly to CEO Kim Scott, both Seward and Rego will assume responsibility for key aspects of the company's strategic plan to achieve high-quality growth, efficient operations, disciplined capital allocation and a performance-driven culture. Additionally, the Company has aligned its field organ

      7/23/24 9:00:00 AM ET
      $VSTS
    • Vestis Appoints Keith Meister to the Board of Directors

      Vestis Corporation (NYSE:VSTS) ("Vestis" or the "Company"), a leading provider of uniforms and workplace supplies, today announced the appointment of Keith Meister to the Company's Board of Directors, effective immediately. His appointment increases the size of the Board from eight to nine directors, seven of whom, including Mr. Meister, are independent. Mr. Meister is the founder, Managing Partner and Chief Investment Officer of Corvex Management LP (together with certain of its affiliates, "Corvex"), an investment management firm which beneficially owns 12.9% of the Company's outstanding common stock. Mr. Meister has extensive boardroom experience and currently serves as a director on t

      6/20/24 6:30:00 AM ET
      $VSTS
    • Uber Technologies, Jabil and Builders FirstSource Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

      NEW YORK, Dec. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t

      12/1/23 6:16:00 PM ET
      $ALK
      $ALKS
      $AWI
      $BLDR
      Air Freight/Delivery Services
      Consumer Discretionary
      Biotechnology: Pharmaceutical Preparations
      Health Care