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Vestis Corporation (VSTS)
:VSTS
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Earnings Data
Report Date
Jan 31, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.12Last Year’s EPS
0.22Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 07, 2024
|% Change Since: 22.06%
|Next Earnings Date:Nov 29, 2023
Earnings Call Sentiment|Neutral
The earnings call highlighted strong adjusted EBITDA performance and significant debt reduction. However, it also acknowledged challenges with revenue decline and high decremental margins on lost business. The company demonstrated successful national account wins and improved retention rates, indicating positive momentum moving forward.Company Guidance
During the Vestis Corporation's Q4 2024 earnings call, the company provided comprehensive guidance and performance metrics. Vestis reported a fourth-quarter revenue of $684 million, contributing to a full-year revenue of $2.8 billion. The adjusted EBITDA for Q4 was $81 million, surpassing the company's guidance of $76 million, and the annual adjusted EBITDA reached $353 million, representing a margin of 12.6%, which exceeded their target range of 12% to 12.4%. Despite incremental public company costs impacting margins by 75 basis points for Q4 and 65 basis points for the full year, Vestis maintained strong free cash flow, concluding the year with a 3.6x net leverage ratio. For fiscal 2025, Vestis anticipates revenue between $2.8 billion and $2.83 billion, with adjusted EBITDA projected to be between $345 million and $360 million, yielding a margin range of 12.3% to 12.7%. The company aims for core revenue growth of 1% to 2%, driven by net volume growth and pricing initiatives, alongside a focus on reducing costs to sustain profitability.Strong Adjusted EBITDA Performance
Fourth quarter adjusted EBITDA was $81 million, exceeding guidance of $76 million, contributing to a full-year adjusted EBITDA of $353 million with a margin of 12.6%.
Improvement in Retention Rates
2024 retention rate improved by 150 basis points year-over-year to 91.9%, with a fourth-quarter retention improvement of more than 400 basis points year-over-year.
Successful National Account Wins
Vestis secured a large multiyear deal with a national food services company and a major expansion with a top 10 customer in the restaurant industry.
Successful Debt Reduction
Vestis made significant debt reductions, paying down more than $350 million since the start of the year, ending with a net leverage ratio of 3.6x.
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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
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VSTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 21, 2024 | $13.28 | $15.59 | +17.39% |
| Aug 07, 2024 | $12.44 | $12.65 | +1.69% |
| May 02, 2024 | $18.33 | $10.08 | -45.01% |
| Feb 07, 2024 | $22.09 | $19.24 | -12.90% |
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.
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FAQ
When does Vestis Corporation (VSTS) report earnings?
Vestis Corporation (VSTS) is schdueled to report earning on Jan 31, 2025, TBA Not Confirmed.
What is Vestis Corporation (VSTS) earnings time?
Vestis Corporation (VSTS) earnings time is at Jan 31, 2025, TBA Not 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 2025 (Q1) is 0.12.
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