{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-033869","form_type":"8-K","ticker":"VSTS","cik":"0001967649","company_name":"Vestis Corp","filed_at":"2026-05-12T11:07:49+00:00","discovered_at":"2026-05-12T11:10:00.362945+00:00","generated_at":"2026-05-12T11:11:05.669723+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Vestis Q2 revenue $659M flat YoY; raises FY26 Adj. EBITDA guidance to $310M midpoint","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-033869","json":"https://secwatch.observer/filing/0001628280-26-033869.json","markdown":"https://secwatch.observer/filing/0001628280-26-033869.md","text":"https://secwatch.observer/filing/0001628280-26-033869.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1967649/000162828026033869/0001628280-26-033869-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1967649/000162828026033869/vsts-20260512.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-12T11:11:05.669723+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7ba995dff9f583c685ff2b035068193a432277ce","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1967649/000162828026033869/0001628280-26-033869-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal second quarter ended April 3, 2026"},{"label":"Revenue","value":"$659.4 million"},{"label":"Net income","value":"$2.6 million"},{"label":"EPS","value":"$0.02 per diluted share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}