Vestis Q2 revenue $659M flat YoY; raises FY26 Adj. EBITDA guidance to $310M midpoint

Vestis Corp

2026-Q2 EPS reported -$0.03 revenue$1,322,825,000

Net income $2.6M ($0.02 EPS) vs net loss $(27.8M) in prior year; adj. net income $21.8M ($0.16 EPS).
Adj. EBITDA $74.5M (11.3% margin) up from $47.6M (7.2%) in Q2 2025; driven by cost savings and 11% plant productivity gain.
Fiscal 2026 Adj. EBITDA guidance raised to $295M-$325M (midpoint $310M) from previous $285M-$315M; Free Cash Flow guidance raised to $120M-$150M.
Repaid $34M of debt in Q2; available liquidity $344.5M including $50.3M cash.
Transformation plan now expected to deliver ~$50M in-year benefit (up from $40M); $15M realized in H1.

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 0.95

Vestis Corp reported the fiscal second quarter ended April 3, 2026 results: revenue $659.4 million, net income $2.6 million, EPS $0.02 per diluted share. Guidance raised.

Period: the fiscal second quarter ended April 3, 2026
Revenue: $659.4 million
Net income: $2.6 million
EPS: $0.02 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Vestis Reports Second Quarter 2026 Results and Increases Full Year 2026 Outlook ATLANTA, GA, May 12, 2026 – Vestis Corporation (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced its financial results for the fiscal second quarter ended April 3, 2026. Second Quarter 2026 Highlights • Revenue of $659.4 million • Net Income of $2.6 million or $0.02 per diluted share • Adjusted Net Income* of $21.8 million or $0.16 per diluted share • Adjusted EBITDA* of $74.5 million • Cash Flow Provided by Operating Activities of $58.3 million, Free Cash Flow* of $45.6 million, and Adjusted Free Cash Flow* of $56.6 million • Repaid $34 million of debt • Available liquidity of $344.5 million, including $50.3 million Cash and Cash Equivalents on hand, at the end of the quarter • Increased outlook for full year 2026 Adjusted EBITDA* by $10 million, or 3%, at the midpoint, and Free Cash Flow* by $80 million, or 145%, at the midpoint

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Source: SEC EDGAR

accession 0001628280-26-033869

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