Welcome to our dedicated page for Vestis news (Ticker: VSTS), a resource for investors and traders seeking the latest updates and insights on Vestis stock.
Vestis Corporation reports news on its B2B uniform services and workplace supplies business in North America. Company updates center on full-service uniform rental programs, floor mats, towels, linens, managed restroom services, first aid supplies, and cleanroom and specialty garment processing for customers ranging from large corporations to locally owned businesses.
Recurring developments include quarterly and annual results, conference call schedules, operating leverage initiatives, and the company’s business transformation plan focused on Commercial Excellence, Operational Excellence, and Asset & Network Optimization. Vestis news also includes leadership appointments and transitions, customer and supplier recognition, fiscal outlook commentary, and updates tied to service quality, logistics, asset utilization, and customer experience.
Vestis (NYSE:VSTS), a leading uniforms and workplace supplies provider, has scheduled its fiscal third quarter 2025 earnings release and conference call. The company will release results after market close on Tuesday, August 5, 2025, followed by a conference call on Wednesday, August 6, 2025 at 8:30 a.m. ET.
Investors can access the webcast and presentation materials through the company's investor relations website. The conference call will include a Q&A session and can be accessed via phone using the following numbers: U.S. (800-267-6316) and International (203-518-9783) with access code VSTSQ325.
Vestis Corporation (NYSE: VSTS) has appointed Jim Barber as its new President and Chief Executive Officer, effective June 2, 2025. Barber, former COO of UPS, brings over 35 years of logistics, operations, and route-based experience to the uniform and workplace supplies provider. He succeeds Phillip Holloman, who has been serving as Interim Executive Chairman, President and CEO since March 18, 2025, and will return to his role as Chairman of the Board.
During his tenure at UPS, Barber held various leadership positions, including President of UPS International and President of UPS Europe. He currently serves on the board of C.H. Robinson and previously served on the boards of US Foods, UNICEF USA, and the Folks Center for International Business.
Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, has scheduled its fiscal second quarter 2025 earnings announcement. The company will release its financial results after market close on Tuesday, May 6, 2025.
Management will host a webcast to discuss the results on Wednesday, May 7, 2025 at 9:00 AM ET. Investors can access the live webcast through the investor relations section at vestis.com. A slide presentation will accompany the call, and a replay will be available on the company's website for 90 days following the event.
Vestis (NYSE: VSTS) announced a significant leadership change with the immediate appointment of Phillip Holloman as Interim Executive Chairman, President and Chief Executive Officer. Holloman replaces Kim Scott, who has departed from both the company and its Board of Directors.
Holloman, who has served as Chairman of the Vestis Board since 2023, brings extensive industry experience from his 22-year career at Cintas, where he held various executive positions including president and chief operating officer. He currently serves on the Board of Directors for Pulte Group and the BlackRock Fixed Income Board.
The Board has engaged a leading executive search firm to identify Vestis' next permanent President and CEO. This transition comes as Vestis completes its first fiscal year as a public company.
Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, has scheduled its fiscal first quarter 2025 earnings release for January 31, 2025, before market opening. The company will host a webcast at 8:30 AM ET to discuss the results, accessible through the investor relations section of their website at vestis.com. The presentation will include accompanying slides, and a replay will be available on the website for 90 days following the event.
Vestis (NYSE: VSTS) reported fiscal 2024 results with revenue of $2.8 billion, down 0.7% year-over-year, and operating income of $158 million. The company's Adjusted EBITDA was $353 million with a 12.6% margin. Operating cash flow increased 83.6% to $472 million, while free cash flow rose 13.2% to $165 million. Net leverage improved to 3.62x from 3.95x, with net debt reducing by $319 million to $1.3 billion. For fiscal 2025, Vestis projects revenue between $2.8-2.83 billion and Adjusted EBITDA of $345-360 million. The company declared a quarterly dividend of $0.035 per share.
Vestis (NYSE: VSTS), a uniforms and workplace supplies provider, will release its fiscal Q4 and full-year 2024 earnings on November 21, 2024, before market open. Management will host a webcast at 8:30 AM ET to discuss results and fiscal 2025 outlook. The presentation will include slides and be accessible through the investor relations section at vestis.com. A replay will be available for 90 days after the event.
Vestis (NYSE: VSTS), a leading uniforms and workplace supplies provider, has announced an agreement to sell its 39% equity stake in Aramark Uniform Services Japan (AUSJ) to majority owner Mitsui & Co., for approximately $37 million. The proceeds will be used for debt repayment. AUSJ, established in 1988, is a uniform rental services provider in Japan.
Vestis does not anticipate recording a material gain or loss from this sale, as the stake was accounted for as a non-operating equity investment. The company believes this move will enhance its strategic focus, strengthen its balance sheet, and provide additional financial flexibility. The transaction is expected to close by the end of October 2024, subject to customary closing conditions and approvals.
Vestis (NYSE: VSTS) has confirmed receiving a preliminary inquiry from Elis SA regarding a potential transaction. The company's Board of Directors is taking this inquiry seriously and will evaluate all available alternatives. However, Vestis emphasizes that there is no guarantee that any transaction or alternative will result from this inquiry. The company has stated that it does not plan to make further announcements about this or any other inquiries or strategic alternatives at this time.