VSTS
Vestis Corporation6.90
-0.66-8.73%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
909.88MP/E (TTM)
-Basic EPS (TTM)
-0.31Dividend Yield
0.01%Recent Filings
8-K
10-K
8-K
8-K
Vestis grants executive RSUs
Vestis Corporation's Compensation Committee approved one-time retention awards of time-vesting RSUs to key executives, excluding CEO Jim Barber, effective August 25, 2025, to secure talent vital for future success. CFO Kelly Janzen receives 200,000 RSUs, while COO William J. Seward, CLO André C. Bouchard, and CTO Grant Shih each get 80,000 RSUs—ranging from 0.3x to 1.0x typical annual grants. Two-thirds vest on the second anniversary, one-third on the third, with pro-rata vesting for death, disability, or involuntary termination without cause. Retention hinges on restrictive covenants.
8-K
Vestis Q3 revenue dips 3.5%
Vestis Corporation reported third-quarter fiscal 2025 revenue of $674 million, down 3.5% year-over-year due to $14.6 million in net customer losses and a $4.3 million hit from a national account departure, while gross profit fell 10.1% to $182 million amid unfavorable product mix and higher amortization. Adjusted EBITDA dropped 26.3% to $64 million, yet free cash flow held at $8 million with liquidity steady at $290 million and net leverage at 4.50x—well under the 5.25x covenant cap. New CEO Jim Barber eyes operational tweaks for leverage gains. Revenue slid on churn.
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