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Vestis Corporation (VSTS)
NYSE:VSTS
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.08Last Year’s EPS
-0.05Same Quarter Last Year
Moderate Sell
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a balanced message: notable operational and cash-flow improvements driven by early transformation actions (productivity gains, cost per pound improvement, strong operating cash flow and adjusted free cash flow excluding transformation spend) offset by near-term commercial challenges (revenue decline and lower revenue per pound driven by an unfavorable product mix) and transformation-related charges. Management reaffirmed FY26 guidance, has a clear plan and target savings runway, and emphasizes that the company is early in the transformation with sequential improvement expected.Company Guidance
Operational Performance Improvements
On-time delivery improved 300 basis points versus 2025; plant productivity increased 7%; customer complaints declined 12% year over year; average weekly lost business in Q1 declined 15% sequentially from Q4 2025.
Cost Per Pound Improvement
Cost per pound improved by $0.02 versus prior year, which management estimates translates to roughly $10,000,000 in adjusted EBITDA at current volume and mix levels.
Sequential Profitability Momentum
Adjusted EBITDA was $70.4 million in Q1, improving sequentially from fiscal Q4 2025 (Q1 margin 10.6% vs Q4 exit rate up ~150 basis points), reflecting early benefits of the transformation.
SG&A and Operational Expense Reductions (adjusted)
Reported SG&A was down ~$0.9 million, and when adjusting for $7.8 million of third-party support and $5.5 million of severance, adjusted SG&A declined approximately $11.0 million, or ~12% year over year.
Strong Cash Flow and Working Capital Execution
Operating cash flow was $38.0 million (up $33.9 million YoY); free cash flow was $28.0 million (up $39.0 million YoY). Working capital improvements contributed ~$12.7 million of FCF benefit in the quarter.
Adjusted Free Cash Flow Excluding Transformation Spend
Excluding $9.0 million of third-party transformation costs and $5.6 million of severance, adjusted free cash flow was $43.0 million for the quarter, demonstrating underlying cash-generative capability.
Balance Sheet Liquidity and Deleveraging Plan
Net debt was $1.29 billion with $317.0 million of available liquidity (including $275.0 million undrawn revolver and $42.0 million cash), no debt maturities until 2028, and management actively marketing non-core properties to repay debt.
Transformation Cost Savings Roadmap
Management reaffirmed a transformation target of $75.0 million run-rate savings (with $40.0 million realized in FY2026 in-year), and expects 5% successive quarterly adjusted EBITDA improvements beginning Q2.
VSTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VSTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | $7.32 | $8.50 | +16.12% |
Dec 01, 2025 | $6.72 | $6.23 | -7.29% |
Aug 05, 2025 | $5.99 | $5.64 | -5.84% |
May 06, 2025 | $8.71 | $5.44 | -37.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Vestis Corporation (VSTS) report earnings?
Vestis Corporation (VSTS) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Vestis Corporation (VSTS) earnings time?
Vestis Corporation (VSTS) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VSTS EPS forecast?
VSTS EPS forecast for the fiscal quarter 2026 (Q2) is 0.08.