Every 10-Q that Vestis Corporation (VSTS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow VSTS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VSTS filings page.
Vestis Corporation reported a weaker quarter as it posted a net loss while launching a major cost-transformation plan. Revenue was $663.4 million, down 3% from $683.8 million a year earlier, as uniforms revenue fell and mix shifted toward lower-priced workplace supplies. Operating income dropped to $16.6 million from $30.4 million, and the company recorded a net loss of $6.4 million versus prior net income of $0.8 million.
Despite the loss, cash flow from operations improved sharply to $37.7 million from $3.8 million, helping lift cash to $41.5 million. Long-term borrowings totaled $1.15 billion net of discounts and issuance costs, with $1.16 billion of principal outstanding. Vestis began a multi-year transformation plan expected to deliver at least $75 million of annual cost savings by the end of fiscal 2026, with estimated total costs of $25–$30 million; in the quarter it incurred $7.8 million of consulting fees and $5.5 million of severance. The company also continued using a $250 million accounts receivable securitization facility, having derecognized $217.2 million of receivables as of the quarter-end.