Vestis Corp

Earnings data Q4 2023

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Vestis Corp. engages in the B2B uniform, and workplace supplies category. It operates through the United States and Canada geographical segments. It provides uniform services, and workplace supplies to North American customers from Fortune 500 companies to locally owned small businesses across a broad set of end markets. The company comprehensive service offering includes a full-service uniform rental program, cleanroom and other specialty garment processing, floor mats, towels, linens, managed restroom services, and first aid supplies. The company was founded in 2023 and is headquartered in Roswell, GA.

Vestis (VSTS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Vestis (VSTS) Soars 5.1%: Is Further Upside Left in the Stock?

Advent International and Apollo Global Management are among the buyout firms exploring a potential acquisition of uniform supplier Vestis , according to people familiar with the matter.

Exclusive: Uniform maker Vestis fields takeover interest from buyout firms, sources say

I maintain a hold rating for Vestis Corp (VSTS) due to the need for more evidence of successful strategy implementation and operating metrics improvement. 4Q24 earnings were disappointing, with a 4.4% y/y revenue decline, high decremental margins, and a sharp drop in adj EPS from $0.57 to $0.11. Positive signs include improved customer retention, new sales volume growth, and strategic initiatives to enhance customer service and capture high-margin incremental volume.

Vestis Corp: Waiting For More Signs Of Successful Turnaround

Vestis Corporation (NYSE:VSTS ) Q4 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Michael Aurelio - IR Kimberly T. Scott - President and CEO Ricky T.

Vestis Corporation (VSTS) Q4 2024 Earnings Call Transcript

ATLANTA--(BUSINESS WIRE)--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. The company also provided its outlook for fiscal year 2025. Management Commentary “We ended the year with solid fourth quarter results that were in-line with our expectations for revenue and ahead of our expectations for Adjusted EBITDA,” said Kim Scott, President and CEO. “As we move into 2.

Vestis Reports Fourth Quarter and Fiscal 2024 Results

ATLANTA--(BUSINESS WIRE)--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 present.

Vestis Announces Date for Fiscal Fourth Quarter and Full-Year 2024 Earnings Results

ATLANTA--(BUSINESS WIRE)--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 V.

Vestis to Sell Minority Stake in Japanese Joint Venture

ATLANTA--(BUSINESS WIRE)--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.

Vestis Confirms Receipt of Preliminary Inquiry

French workplace supplies provider Elis SA has approached Vestis , the former uniform rentals business of Aramark , with an acquisition offer, according to people familiar with the matter.

Exclusive: France's Elis has bid for U.S. uniform supplier Vestis, sources say

Hold rating for Vestis Corp. due to lack of tangible organic growth improvements. VSTS is the second-largest in the US Uniform Services industry, with a simple business model and the majority of revenue from the US. Despite positive developments in customer retention and sales teams, VSTS needs to show consistent organic growth improvement for buy rating.

Vestis Corp.: Tangible Improvements To Organic Growth Need To Be Seen

ATLANTA--(BUSINESS WIRE)--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 suppl.

Vestis Announces Quarterly Cash Dividend

Vestis Corporation (NYSE:VSTS ) Q3 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Michael Aurelio - IR Kimberly T. Scott – President and CEO Ricky T.

Vestis Corporation (VSTS) Q3 2024 Earnings Call Transcript

ATLANTA--(BUSINESS WIRE)--Vestis Corporation (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the third quarter ended June 28, 2024. The company also reiterated its outlook for fiscal year 2024 and expects that Adjusted EBITDA margin will now be toward the higher end of the guidance range. Management Commentary “I'm pleased we are on track to deliver our commitments in the second half and remain energized by the value creation opportunities ah.

Vestis Reports Third Quarter 2024 Results

ATLANTA--(BUSINESS WIRE)--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. Pr.

Vestis Appoints Bill Goetz to the Board of Directors

ATLANTA--(BUSINESS WIRE)--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.

Vestis Announces Key Operations and Sales Leadership Appointments

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Vestis Corporation (NYSE: VSTS) on behalf of long-term stockholders following a class action complaint that was filed against Vestis on May 17, 2024 with a Class Period from October 2, 2023 to May 1, 2024. Our investigation concerns whether the board of directors of Vestis have breached their fiduciary duties to the company.

VESTIS ALERT: Bragar Eagel & Squire, P.C. is Investigating Vestis Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Vestis Corporation ("Vestis " or the "Company") (NYSE: VSTS) of a class action securities lawsuit.

VSTS LAWSUIT ALERT: Levi & Korsinsky Notifies Vestis Corporation Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, NY / ACCESSWIRE / July 16, 2024 / If you suffered a loss on your Vestis Corporation (NYSE:VSTS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/vestis-lawsuit-submission-form?prid=90858&wire=1 or contact Joseph E. Levi, Esq.

Investors who lost money on Vestis Corporation(VSTS) should contact Levi & Korsinsky about pending Class Action - VSTS

NEW YORK, NY / ACCESSWIRE / July 16, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Vestis Corporation ("Vestis" or "the Company") (NYSE:VSTS) and certain of its officers. Class Definition: This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Vestis securities between October 2, 2023 and May 1, 2024, inclusive (the "Class Period").

FINAL VSTS DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Vestis Corporation Investors to Join the Class Action Lawsuit!

NEW YORK, NY / ACCESSWIRE / July 16, 2024 / If you suffered a loss on your Vestis Corporation (NYSE:VSTS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/vestis-lawsuit-submission-form?prid=90852&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Notifies Shareholders of Vestis Corporation(VSTS) of a Class Action Lawsuit and an Upcoming Deadline

NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Vestis Corporation (“Vestis” or “the Company”) (NYSE: VSTS) and certain of its officers.

VSTS INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Vestis Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

NEW YORK, NY / ACCESSWIRE / July 15, 2024 / If you suffered a loss on your Vestis Corporation (NYSE:VSTS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/vestis-lawsuit-submission-form?prid=90804&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Reminds Vestis Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 16, 2024 - VSTS

Investors can contact the law firm at no cost to learn more about recovering their losses.

Vestis Corporation Investors: Class action lawsuit filed on behalf of investors; the Portnoy Law Firm

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Vestis Corporation (VSTS) Investors.

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Vestis Corporation (VSTS) Investors

NEW YORK, July 15, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Vestis Corporation (NYSE: VSTS).

News for Vestis Corp Stock (VSTS)