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Vestis Corporation (VSTS)
:VSTS
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.05Last Year’s EPS
0.16Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: -29.28%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment. While there were positive developments such as the appointment of a new CEO and sequential monthly revenue growth, the company faced significant challenges such as a decline in revenue and adjusted EBITDA margin, as well as issues with customer retention. The execution of the credit agreement amendment provides some financial flexibility, but the overall performance fell short of expectations.Company Guidance
In the fiscal second quarter of 2025, Vestis Corporation reported revenue of $665 million, a decline of 5.7% year-over-year and 2.7% from the previous quarter. The decrease was driven by an $11 million drop in rental revenue and a $7 million decline in direct sales. Adjusted for a $150 million one-time bad debt adjustment, EBITDA was $63 million, representing a margin of 9.4%, down from 11.9% in Q1. Despite these challenges, new business contributed 2.4% to revenue growth, with customer retention at 92.4%. Operational improvements and increased sales productivity were noted, with field and national account teams installing 35% more recurring revenue year-over-year. Looking forward, Vestis has shifted to quarterly guidance, projecting Q3 revenue between $674 million and $682 million and adjusted EBITDA of at least $63 million. The company emphasizes a focus on customer service and operational improvements, alongside financial flexibility through a recent credit agreement amendment.New Leadership Appointment
Jim Barber, former COO of UPS, will be stepping into the role of President and CEO on June 2, 2025.
Sequential Monthly Revenue Growth
Vestis reported sequential monthly revenue growth in each month since January, including April, with the current run rate 3.4% higher than it was in January.
Successful Execution of Credit Agreement Amendment
Vestis executed an amendment to its credit agreement, providing additional financial flexibility through the end of fiscal 2026.
Strong Performance in New Business
New business contributed to 2.4% of revenue growth during the quarter, with field and national account sales teams collectively installing 35% more recurring revenue year-over-year.
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 |
|---|---|---|---|
May 06, 2025 | $8.71 | $5.44 | -37.54% |
Jan 31, 2025 | $15.80 | $13.94 | -11.77% |
Nov 21, 2024 | $13.25 | $15.55 | +17.36% |
Aug 07, 2024 | $12.41 | $12.62 | +1.69% |
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 Aug 06, 2025, TBA Not Confirmed.
What is Vestis Corporation (VSTS) earnings time?
Vestis Corporation (VSTS) earnings time is at Aug 06, 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 (Q3) is 0.05.