Vestis (VSTS) Reports Q1 Results, Reaffirms FY25 Guidance; Announces CFO and Chief Legal Officer Transitions
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Vestis Reports First Quarter 2025 Results; Reaffirms FY25 Guidance; Announces Chief Financial Officer and Chief Legal Officer Transitions
January 31, 2025 7:00 AM ESTFirst Quarter 2025 Results
Delivered Q1 results in-line with expectations and reaffirms fiscal 2025 outlook Revenue of $684 million, as expected Operating Income of $30 million increased 2% sequentially versus Q4 2024 and Operating Margin of 4.4% was flat sequentially Adjusted EBITDA of $81 million, as expected, increased 0.9% sequentially versus Q4 2024 and Adjusted EBITDA margin of 11.9% increased 10 basis points sequentially Voluntarily prepaid $20 million of term loan debt during the quarterATLANTA--(BUSINESS WIRE)-- Vestis Corporation (NYSE: VSTS), a leading provider of uniforms and workplace supplies,... More
