Vestis Corporation

VSTS

Equity

ISIN US29430C1027 / Valor 129513336

New York Stock Exchange, Inc (2025-03-14)

USD 10.81+1.50%

Vestis Corporation
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About company

Vestis Corporation is a company that specializes in providing workwear and uniforms for various industries.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Performance

Vestis Corporation reported a slight decrease in revenue for the fiscal year 2024, with total revenue amounting to $2.8 billion, a 0.7% decline compared to fiscal 2023. This decrease was primarily attributed to lower volumes and the impact of foreign currency fluctuations.

Operating Income and EBITDA

For fiscal 2024, Vestis Corporation's operating income was $158 million, representing 5.6% of revenue. The adjusted EBITDA was $353 million, or 12.6% of revenue, reflecting a decline from the previous year due to increased public company costs and higher net energy expenses.

Cash Flow and Debt Reduction

Vestis Corporation achieved a significant increase in operating cash flow, reaching $472 million for fiscal 2024, up 83.6% year-over-year. The company also reduced its net debt by $319 million, bringing it down to $1.3 billion by the end of the fiscal year.

Fourth Quarter Highlights

In the fourth quarter of fiscal 2024, Vestis Corporation experienced a 4.4% decrease in revenue compared to the same period in the previous year. The adjusted EBITDA margin for the quarter declined by 400 basis points, primarily due to lower net volumes and pricing challenges.

Fiscal 2025 Outlook

Looking ahead, Vestis Corporation expects fiscal 2025 revenue to range between $2.8 billion and $2.83 billion, with adjusted EBITDA projected to be between $345 million and $360 million. The company anticipates continued growth in revenue and EBITDA as it focuses on strategic priorities and efficient operations.

Summarized from source with an LLMView Source

Key figures

-40.7%1Y

%3Y

%5Y

Performance

72.7%1Y

66.8%3Y

66.8%5Y

Volatility