Vestis reports FY2023 revenue $2.8B (+5% YoY); net income $213M; declares quarterly dividend

Vestis Corp

Revenue of $2.8B increased 5% year-over-year; adjusted EBITDA of $404M (14.3% margin).
Operating income $218M (7.7% margin); adjusted operating income $294M (10.4% margin).
Net income $213M includes gain on sale of an investment.
Completed spin-off from Aramark and declared a quarterly dividend (amount not disclosed).
CEO Kim Scott cited 2023 milestones and momentum heading into fiscal 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Vestis Corp reported financial results for the quarter and fiscal year ended September 29, 2023.

Period: the quarter and fiscal year ended September 29, 2023
Result: reported results

Exact text from the filing

On November 29, 2023, Vestis Corporation (the “Company”) issued a press release announcing the results of the Company’s operations for the quarter and fiscal year ended September 29, 2023.

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Source: SEC EDGAR

accession 0001157523-23-001780

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