secwatch.observer — SEC 8-K summary
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Issuer:     Vestis Corp (VSTS)
CIK:        0001967649
Form:       8-K
Filed at:   2026-05-12T11:07:49+00:00
Accession:  0001628280-26-033869
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1967649/000162828026033869/0001628280-26-033869-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1967649/000162828026033869/vsts-20260512.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-033869

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