US Market News
1月前
Vestis Announces Date for Fiscal Second Quarter 2026 Results Conference Call and WebcastApril 28, 2026 7:00 AM
Business Wire
Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced that it will issue its fiscal second quarter 2026 results before the market opens on Tuesday, May 12, 2026. A conference call will be held that same morning at 8:30 a.m. ET to review the Company’s financial results and conduct a question-and-answer session.
A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company’s website at https://ir.vestis.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download, and install any necessary audio software.
To participate in the live teleconference:
United States Live: 800-267-6316
International Live: 203-518-9783
Access Code: VSTSQ226
A replay of the live event will also be available on the Company’s website shortly after the conclusion of the call.
About VESTIS™
Vestis is a leader in the B2B uniform and workplace supplies category. Vestis provides uniform services and workplace supplies to a broad range of North American customers from Fortune 500 companies to locally owned small businesses across a broad set of end sectors. The Company’s comprehensive service offering primarily includes a full-service uniform rental program, floor mats, towels, linens, managed restroom services, first aid supplies, and cleanroom and other specialty garment processing.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260428483823/en/
Investor Contact:
Stefan Neely or Noel Ryan
Vallum Advisors
615-844-6248
ir@vestis.com
Media Contact:
Danielle Holcomb
470-716-0917
danielle.holcomb@vestis.com
Original: Vestis Announces Date for Fiscal Second Quarter 2026 Results Conference Call and Webcast
iHub News
4月前
Vestis falls short in Q1 as weaker revenue drags earningsFebruary 10, 2026 10:49 AM
IH Market News
Vestis Corporation (NYSE:VSTS) reported first-quarter fiscal 2026 results on Tuesday that missed market expectations, as softer revenue weighed on profitability.The uniform and workplace supplies provider posted adjusted earnings of $0.10 per share, well below the analyst consensus of $0.27. Revenue totaled $663.4 million, missing forecasts of $763.69 million and marking a 3% year-on-year decline. Shares were flat in pre-market trading following the announcement.During the quarter, rental revenue declined by $17.9 million compared with the prior year, while direct sales revenue slipped by $2.7 million. Vestis also reported a net loss of $6.4 million, or -$0.05 per diluted share, versus net income of $0.8 million, or $0.01 per diluted share, in the same period last year.Despite the weaker-than-expected quarter, the company reiterated its full-year outlook. Vestis continues to expect fiscal 2026 revenue to be flat to down 2%, adjusted EBITDA of $285 million to $315 million, and free cash flow in the range of $50 million to $60 million.“Our first quarter results reflect a solid start to our fiscal 2026 and strong execution against our business transformation plan focused on unlocking operating leverage while elevating the customer experience,” said Jim Barber, President and CEO. “Based on our performance to date and initiatives underway, we are reaffirming our fiscal 2026 outlook and expect continued sequential improvements in quarterly Adjusted EBITDA throughout the year.”Adjusted EBITDA for the quarter came in at $70.4 million, representing 10.6% of revenue, down from $81.2 million, or 11.9% of revenue, a year earlier. The decline was driven by a 2.8% drop in revenue per pound, partially offset by cost improvements tied to the company’s ongoing transformation efforts.Vestis said its business transformation plan remains on track to deliver at least $75 million in annual operating cost savings by the end of fiscal 2026. In the first quarter, the company reported a 7% improvement in plant productivity, a 3% increase in on-time deliveries, and a 12% reduction in customer complaints compared with the same period last year.Vestis stock price
Original: Vestis falls short in Q1 as weaker revenue drags earnings