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

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

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

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

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

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'

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

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

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

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

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

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

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

Stifel downgraded Vestis from Buy to Hold

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

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

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

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

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

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

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

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

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

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'

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

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

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

Positioning Vestis for long-term success as we advance our strategic plan while navigating in-year short-term challenges Second Quarter 2024 Results Revenue of $705 million increased 0.9% year-over-year; excluding the impact of FX and the prior year temporary energy fee, revenue growth was 2.8% Operating Income of $43 million or 6.1% of revenue Adjusted EBITDA of $87 million or 12.4% of revenue Operating Cash Flow of $127.5 million fiscal year-to-date, up 85% year-over-year Free Cash Flow of $97.7 million fiscal year-to-date, up 107% year-over-year Reduced debt by $54M in Q2, including $45M of voluntary debt prepayment; net debt leverage was 3.82x at the end of Q2, down

Vestis (NYSE:VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal second quarter 2024 earnings results on May 2, 2024, prior to the market opening. Management will host a webcast to discuss the fiscal second 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

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 March 15, 2024, and is expected to be paid on April 4, 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 comp