Vestis Q1 net loss $6.4M (-$0.05), revenue $663M down 3%; reaffirms FY26 outlook

Vestis Corp

2026-Q1 EPS reported -$0.05 vs consensus $0.08 ▼ miss (-159.2%)

Revenue $663.4M, down 3.0% YoY on flat volume; net loss $6.4M vs net income $0.8M in Q1 FY25.
Adjusted EBITDA $70.4M (10.6% of revenue) vs $81.2M (11.9%) YoY; sequential improvement from $64.7M in Q4 FY25.
Strategic transformation on track; expects annual cost savings >$75M by end FY2026.
Reaffirmed FY2026 guidance: revenue flat to down 2%, adjusted EBITDA $285-315M, FCF $50-60M.
Free cash flow $28.3M; adjusted FCF $42.9M; available liquidity $316.7M.

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