Welcome to our dedicated page for Vestis Corporation news (Ticker: $VSTS), a resource for investors and traders seeking the latest updates and insights on Vestis Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Vestis Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Vestis Corporation's position in the market.
Vestis (NYSE: VSTS) reported revenue of $705 million in the second quarter of 2024, representing a 0.9% year-over-year increase. Operating income was $43 million, with adjusted EBITDA of $87 million. The company reduced debt by $54 million and improved cash flow significantly. Despite short-term challenges, Vestis remains focused on long-term value creation through strategic initiatives.
