William Blair initiated coverage on Vestis
$VSTS
William Blair initiated coverage of Vestis with a rating of Mkt Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/8/2024 | $13.00 | Outperform → Neutral | Robert W. Baird |
| 5/31/2024 | Mkt Perform | William Blair | |
| 5/7/2024 | $13.40 | Buy → Neutral | Redburn Atlantic |
| 5/3/2024 | Buy → Hold | Stifel | |
| 5/3/2024 | $22.00 → $11.00 | Overweight → Neutral | JP Morgan |
| 2/28/2024 | $17.00 → $19.00 | Equal Weight → Underweight | Barclays |
| 1/25/2024 | $22.00 | Neutral | Goldman |
| 1/11/2024 | $24.00 | Outperform | Wolfe Research |
3 - Vestis Corp (0001967649) (Issuer)
4 - Vestis Corp (0001967649) (Issuer)
3 - Vestis Corp (0001967649) (Issuer)
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
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
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