Founded in Roswell, Georgia, in 1936, Vestis Corporation specializes in offering uniform rental and various workplace supply services across both the United ...
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Est. EPS $0.61 · Revenue $2.65B · 4 analysts
Est. EPS $0.16 · Revenue $672.39M · 2 analysts
Est. EPS $0.18 · Revenue $668.83M · 1 analysts
Est. EPS $0.20 · Revenue $674.09M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $2.7B | -2.5% | +0.3% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-40.2M | -291.8% | +325.5% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +26.5% | -8.9% | +32.8% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +2.4% | -58.1% | +33.6% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -1.5% | -296.8% | +324.1% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $5.8M | -98.5% | +3.1% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +0.2% | -98.5% | +2.8% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 163.9% | +7.2% | -4.0% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.08x | +16.6% | +1.5% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2.9B | -0.9% | -1.5% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.31 vs 0.23 | -234.8% | 0.08 vs 0.10 | -19.2% |
| Revenue Surprise | $2.7B vs $2.7B | +1.2% | $661.7M vs $668.9M | -1.1% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 2, 2026 | Barber James J. | director, officer: President & CEO | Common Stock, par value $0.01 per share | A | 84,500 | $12.37 |
| Jul 1, 2026 | Laveck John | officer: Chief Accounting Officer | Common Stock, par value $0.01 per share | D | 4,059 | $14.52 |
| May 25, 2026 | COCHRAN STEVEN E | officer | — | — | 0 | — |
| Mar 1, 2026 | Bowen Adam | officer: Interim CFO | Common Stock, par value $0.01 per share | D | 490 | $7.87 |
| Feb 18, 2026 | Pertz Douglas A | director | Common Stock, par value $0.01 per share | A | 18,253 | — |
Operator: Welcome to the Vestis Corporation Fiscal Third Quarter 2026 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Stefan Neely with Vallum Advisors. Stefan Neely: Thank you, operator, and thank you all for joining us on the call this morning. Leading the call with me today is Jim Barber, President and Chief Executive Officer; and Adam Bowen, Interim Chief Financial Officer. Also with us on the call today is Bill Seward, Chief Operating Officer. Jim and Adam will provide prepared remarks, and then we will open the line to questions. Before I turn the call over to Jim, I would want to remind everyone that today's discussion contains forward-looking statements about future business and financial expectations. The Private Securities Litigation Reform Act of 1995 provides a safe harbor from civil litigation for such forward-looking statements. Actual results may differ significantly from those projected in today's forward-looking statements due to various risks and uncertainties, including the risks described in our periodic reports filed with the Securities and Exchange Commission. Except as required by law, we undertake no obligation to update our forward-looking statements. Further, this call will include the discussion of certain non-GAAP financial measures. Reconciliation of these measures to the closest GAAP financial measure is included in our quarterly earnings press release and corresponding supplemental materials, which are available at ir.vestis.com. With that, I would like to turn the call over to Jim. James Barber: Thank you, Stefan, and good morning, everyone. We appreciate you joining us. Our third quarter results highlight consistent execution of our transformation plan. For the second quarter in a row, we grew adjusted EBITDA year-over-year and improved operating leverage, and we did it by running the same disciplined playbook across the business. Third quarter adjusted EBITDA was approximately $81 million, an increase of roughly $15 million or 23% year-over-year on a covenant adjusted basis. Adjusted EBITDA margin expanded to 12.2% from 9.8% a year ago. We again reduced our operating expenses, holding cost per pound flat year-over-year as we continue to exit low-quality volume. And for the first time as a public company, we grew revenue per pound year-over-year, up $0.04 or approximately 3%, driving a $0.04 improvement in operating leverage per pound year-over-year. With that context, let me walk you through the progress we've made against each of our 3 strategic priorities. Beginning with operational excellence, our key metrics are improving consistently, and those gains are holding. Compared with the fiscal third quarter of 2025, plant productivity increased by 9%, on-time delivery improved by 80 basis points and customer complaints declined by 74 basis points. These results come from executing the same disciplined practices well, consistently and with the customer at the center of …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
André C. Bouchard | Executive Vice President, Chief Legal Officer, General Counsel & Corporate Secretary | USD 996,836 | Male | 1965 | Active |
William J. Seward | Executive Vice President & Chief Operating Officer | USD 918,073 | Male | 1968 | Active |
James Jay Barber Jr. | Chief Executive Officer, President & Director | USD 765,337 | Male | 1960 | Active |
Rodney L. Wedemeier | Executive Vice President & Chief Human Resources Officer | USD 563,830 | Male | 1975 | Active |
Steve Cochran | Executive VP and Chief Commercial & Supply Chain Officer | — | Male | — | Active |
Adam K. Bowen | Interim Chief Financial Officer | — | Male | 1984 | Active |
John Laveck | Vice President & Chief Accounting Officer | — | Male | 1976 | Active |
Wendy Zacchio | SVP, Chief Information & Digital Officer | — | Female | — | Active |
I reiterate a 'Hold' rating on Vestis due to ongoing revenue weakness and uncertainty around the new business model's execution. Q3 showed improved margins and EBITDA, driven by exiting lower-quality volume and focusing on higher-value route-servicing contracts. Transformation initiatives have delivered ~$30M of ~$50M targeted FY2026 savings, enhancing plant productivity, service quality, and cost structure.
Vestis (VSTS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Did Vestis Corporation Insiders Breach their Fiduciary Duties to Shareholders? PR Newswire NEW YORK, Aug. 12, 2026
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Vestis Corporation (VSTS) Q3 2026 Earnings Call Transcript
