Vestis Corp

Earnings data Q4 2023

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Vestis Corp. engages in the B2B uniform and workplace supplies category. It provides uniform services and workplace supplies to North American customers from Fortune 500 companies to locally owned small businesses across a broad set of end markets. The company comprehensive service offering includes a full-service uniform rental program, cleanroom and other specialty garment processing, floor mats, towels, linens, managed restroom services, and first aid supplies. Vestis is headquartered in Roswell, GA.

RADNOR, Pa. , May 3, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Vestis Corporation (NYSE: VSTS) ("Vestis").

VSTS Investigation Alert: Kessler Topaz Meltzer & Check, LLP Encourages Vestis Corporation (NYSE: VSTS) Investors with Losses to Contact the Firm

ATLANTA--(BUSINESS WIRE)--Vestis Corporation (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the second quarter ended March 29, 2024 and updated its outlook for fiscal year 2024. Management Commentary “I am grateful to our team for the work they do each day and the tremendous effort that has been put into executing the spin. With this transition now behind us, we are keenly focused on advancing our plan for long-term value creation”, said Kim.

Vestis Reports Second Quarter 2024 Results and Updates Full-Year Outlook

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ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal second quarter 2024 earnings results on May 2, 2024, prior to the market opening. Management will host a webcast to discuss the fiscal second quarter 2024 earnings results at 10:00 AM ET. The webcast can be accessed live through the investor relations section of our web site at www.vestis.com. Additionally, a slide presentation will accompany the cal.

Vestis Announces Date for Fiscal Second Quarter 2024 Earnings Results

ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced the successful refinancing of its $800 million 2-year Term Loan A-1 with an $800 million 7-year Term Loan B. The transaction is net leverage neutral and extends the debt maturity by more than five years to 2031. The new Term Loan B is priced at the Secured Overnight Financing Rate (SOFR) plus 225 basis points, was issued with 0.25% original issue discount and will adjust to SOFR.

Vestis Announces Completion of Refinancing Transaction

Vestis Corporation (VSTS) Q1 2024 Earnings Call Transcript

ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the first quarter ended December 29, 2023 and reaffirmed its outlook for fiscal year 2024. Management Commentary “I'm incredibly proud of our team's performance as Vestis completed our first quarter as a standalone publicly traded company,” said Vestis President and Chief Executive Officer Kim Scott. “We are demonstrating that our high-quality growth strategy is.

Vestis Reports First Quarter 2024 Results

I recommended a buy due to its attractive business model and presence in a large and growing industry. Cross-selling efforts and scaling up are key drivers for VSTS's medium-term growth. As VSTS grows larger, its margins and valuation are expected to improve.

Vestis: Initiating A Buy Rating As Business And Industry Are Very Attractive

ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal first quarter 2024 earnings results on February 7, 2024, prior to the market opening. Management will host a webcast to discuss the fiscal first quarter 2024 earnings results at 10:00 AM ET. The webcast can be accessed live through the investor relations section of our web site at www.vestis.com. Additionally, a slide presentation will accompany the.

Vestis Announces Date for Fiscal First Quarter 2024 Earnings Results

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Vestis, the uniform rental supplier recently spun off from Aramark will grow faster and squeeze more profits from cross selling and margin expansion. It has sustainable long-term revenues and income from long-term contracts with 93% of clients renewing each year. Vestis' closest competitor, Cintas has been a 10-bagger and Vestis has the potential to emulate its success.

Vestis: A Uniformly Good Bargain

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Vestis Corporation (NYSE:VSTS ) Q4 2023 Results Conference Call November 29, 2023 9:00 AM ET Company Participants Valerie Haertel - VP, IR Kim Scott - President, CEO Rick Dillon - CFO Conference Call Participants Stephanie Moore - Jefferies Andrew Steinerman - JP Morgan Andy Wittmann - Baird Shlomo Rosenbaum - Stifel Ronan Kennedy - Barclays Operator Welcome to the Inaugural Earnings Call for Vestis Corporation's Fiscal Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be opened for your questions following the presentation.

Vestis Corporation (VSTS) Q4 2023 Earnings Call Transcript

ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the fourth quarter and fiscal year ended September 29, 2023, and its outlook for fiscal year 2024. Management Commentary “2023 was a year of milestones for Vestis as we delivered strong financial performance through the hard work and commitment of our ~20,000 teammates and successfully completed our spin-off from Aramark into a separate publicly traded company,”.

Vestis Reports Fourth Quarter and Fiscal Year 2023 Results

Vestis was just spun out from Aramark, and now looks poised to compete with industry leader Cintas.

This Uniform Maker Is Finally Going Solo. Its Stock Is a Buy.

ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its full-year fiscal 2023 earnings results on November 29, 2023, prior to the market opening. Management will host a webcast to discuss the full-year fiscal 2023 earnings results and the 2024 guidance at 9:00 AM ET. The webcast can be accessed live through the investor relations section of our web site at www.vestis.com. Additionally, a slide presentation will.

Vestis Announces Date for Full-Year Fiscal 2023 Earnings Results and 2024 Guidance

Aramark

Aramark has completed the spinoff of its uniform and workplace business supplies segment now called Vestis. Vestis is a $2.7 billion business with a focus on uniforms and workwear, aiming for 5-7% growth in the next five years. The market response to the spinoff has been mixed, although shares of Vestis could see upside if margin achievements will be delivered upon.

Vestis: A Look At The Aramark Spinoff

Aramark has completed the spinoff of its uniform business. Shareholders now own one share of Vestis, the new company, for every two shares of Aramark they owned on Friday.

Aramark Stock Appears to Be Down Big Today: Here's What's Really Going On

ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, has completed its previously announced, spin-off from Aramark (NYSE: ARMK). Vestis will begin trading today on the New York Stock Exchange under the ticker “VSTS,” effective at the market opening. “Today marks an exciting, new chapter for Vestis as a standalone, public company. Our outstanding management team has established a clear pathway to value creation and our ~20,000 amazing teammates ar.

Vestis Completes Spin-Off from Aramark

PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK), today announced that it has completed the spin-off of Vestis Corporation (“Vestis”), which holds Aramark's uniform and workplace supplies business. Vestis is now an independent public company. Aramark will continue to trade on the New York Stock Exchange (the “NYSE”) under the symbol “ARMK” and, effective today, Vestis will begin “regular-way” trading on the NYSE under the symbol “VSTS.” “This is an exciting day for Aramark. The successful sp.

Aramark Completes Spin-Off of Vestis™

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