Vestis Reports First Quarter 2024 Results
Vestis Corporation (VSTS)
Company Research
Source: Business Wire
Disciplined execution of high-quality growth strategy delivers sustainable margin expansion; reaffirms Fiscal 2024 guidanceFirst Quarter 2024 ResultsRevenue of $718 million increased 2.5% year-over-year; excluding the impact of Fx and the prior year temporary energy fee, revenue growth was 4.5%Operating income of $48 million or 6.6% of revenueAdjusted EBITDA of $98 million or 13.7% of revenueDiluted Earnings Per Share (“EPS”) of $0.09 and Adjusted Diluted EPS of $0.22Net debt leverage reduced to 3.85x ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the first quarter ended December 29, 2023 and reaffirmed its outlook for fiscal year 2024.Management Commentary“I’m incredibly proud of our team’s performance as Vestis completed our first quarter as a standalone publicly traded company,” said Vestis President and Chief Executive Officer Kim Scott. “We are demonstrating that our high-quality growth stra
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VSTS
News
- VESTIS ALERT: Bragar Eagel & Squire, P.C. is Investigating Vestis Corporation on Behalf of Vestis Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Vestis Corporation - VSTSAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Vestis Corporation - VSTSPR Newswire
- VSTS Investigation Alert: Kessler Topaz Meltzer & Check, LLP Encourages Vestis Corporation (NYSE: VSTS) Investors with Losses to Contact the Firm Accesswire
- Vestis Co. (NYSE: VSTS) was downgraded by analysts at Redburn Atlantic from a "buy" rating to a "neutral" rating. They now have a $13.40 price target on the stock.MarketBeat
VSTS
Earnings
- 5/2/24 - Miss
VSTS
Sec Filings
- 5/8/24 - Form SC
- 5/8/24 - Form 10-Q
- 5/2/24 - Form 8-K
- VSTS's page on the SEC website