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Vestis Corporation
(NYSE:VSTS)
Vestis Corporation (VSTS) vs. SPDR S&P 500 ETF (SPY)
Vestis Corporation Business Overview & Revenue Model
Vestis Corporation Earnings Call Summary
Vestis Corporation Financial Statement Overview
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 2.77B | 2.81B | 2.83B | 2.69B | 2.46B | 2.56B | Gross Profit |
| 753.71M | 815.95M | 855.07M | 777.33M | 690.94M | 748.01M | EBIT |
| 140.75M | 157.95M | 217.91M | 192.24M | 96.24M | 149.72M | EBITDA |
| 278.99M | 299.37M | 362.01M | 326.60M | 229.54M | 286.88M | Net Income Common Stockholders |
| 9.54M | 20.97M | 213.16M | 141.68M | 74.27M | 111.65M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 18.56M | 31.01M | 36.05M | 23.74M | 41.11M | 0.00 | Total Assets |
| 2.90B | 2.93B | 3.16B | 3.13B | 3.11B | 0.00 | Total Debt |
| 1.36B | 1.38B | 1.69B | 182.18M | 181.58M | 0.00 | Net Debt |
| 1.34B | 1.35B | 1.65B | 158.44M | 140.47M | 0.00 | Total Liabilities |
| 2.00B | 2.03B | 2.28B | 797.20M | 776.40M | 0.00 | Stockholders Equity |
| 899.59M | 903.05M | 877.36M | 2.34B | 2.33B | 0.00 |
| Cash Flow | Free Cash Flow | ||||
| 347.38M | 392.88M | 179.11M | 156.40M | 154.20M | 173.22M | Operating Cash Flow |
| 424.06M | 471.79M | 256.98M | 232.85M | 244.34M | 231.29M | Investing Cash Flow |
| -38.83M | -73.64M | -14.75M | -86.13M | -103.16M | -43.37M | Financing Cash Flow |
| -415.94M | -402.98M | -230.27M | -162.54M | -125.51M | -175.13M |
Vestis Corporation Technical Analysis
Vestis Corporation Risk Analysis
Vestis Corporation Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $1.34B | 17.73 | 19.45% | ― | 11.94% | 34.08% | |
65 Neutral | $4.41B | 12.06 | 5.22% | 249.80% | 4.09% | -12.16% | |
65 Neutral | $1.31B | 1,757.14 | 0.18% | ― | 13.91% | ― | |
60 Neutral | $1.78B | ― | -15.50% | ― | 19.35% | 27.83% | |
55 Neutral | $788.06M | 122.82 | -2.73% | 2.34% | -4.11% | -115.02% | |
46 Neutral | $841.11M | ― | -83.81% | ― | -19.85% | 4.94% | |
38 Underperform | $1.86B | ― | -67.71% | ― | ― | -180.10% |
Vestis Corporation Corporate Events
On May 14, 2025, Vestis Corporation announced the appointment of John Laveck as Vice President and Chief Accounting Officer, effective June 2, 2025. Mr. Laveck, a seasoned accounting professional with experience at Smurfit Westrock, WestRock Corporation, and General Electric, will oversee the company’s accounting operations. His compensation package includes a base salary, bonus eligibility, equity awards, and standard company benefits, reflecting the company’s commitment to attracting experienced leadership.
The most recent analyst rating on (VSTS) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Vestis Corporation stock, see the VSTS Stock Forecast page.
On May 5, 2025, Vestis Corporation announced the appointment of Jim Barber as President and CEO, effective June 2, 2025. Barber, who retired from UPS in 2020 after a 35-year career, will also join the company’s Board of Directors. His compensation package includes a base salary of $950,000, a target annual bonus of 125% of his salary, and equity awards under the company’s Long-Term Incentive Plan. The agreement outlines various terms for termination and benefits, including specific conditions related to a Change of Control.
On May 8, 2025, Angie Kervin, Executive Vice President and Chief Human Resources Officer of Vestis Corporation, announced her resignation effective May 16, 2025. Her departure was a personal decision to pursue another opportunity and not due to any disagreements with the company.
On May 5, 2025, Vestis Corporation and Corvex Management LP amended their Letter Agreement to increase Corvex’s beneficial ownership limit in Vestis from 15% to 20% and economic exposure limit from 17% to 20% during the standstill period. This amendment remains effective as long as Keith A. Meister serves on Vestis’s Board of Directors, potentially impacting the company’s shareholder structure and governance dynamics.
On May 1, 2025, Vestis Corporation amended its Credit Agreement to increase financial flexibility by adjusting the net leverage covenant ratio and restricting dividends and share repurchases until fiscal 2027 or until certain financial conditions are met. The company reported a second-quarter 2025 revenue of $665 million, with an operating loss of $9 million and a net loss of $28 million, while also announcing a leadership transition with Jim Barber appointed as the new CEO effective June 2, 2025.
On March 18, 2025, Vestis Corporation announced that Kim Scott, its President and CEO, has left her roles and resigned from the Board of Directors. There was no disagreement between Ms. Scott and the company regarding its operations or policies. Phillip Holloman, who has been the Chairman of the Board since September 2023, has been appointed as the interim Executive Chairman, President, and CEO. Mr. Holloman, a retired executive from Cintas Corporation, brings extensive experience to his new role and will receive a monthly cash compensation and restricted stock units. His appointment is expected to provide stability and continuity for Vestis during this transition period.
On February 26, 2025, Bryan Johnson announced his resignation as Chief Accounting Officer of Vestis Corporation, effective March 10, 2025. His departure is not due to any disagreements with the company. Kelly Janzen, the Executive Vice President and Chief Financial Officer, will take on the additional role of principal accounting officer.