earnings
confidence high
sentiment positive
materiality 0.72
Vestis Q3 net income $11M, adjusted EBITDA $80.9M; raises FY26 FCF outlook to $160-170M
Vestis Corp
- Revenue $661.7M, down 1.8% YoY from $673.8M; pounds volume down 4.5%, Revenue Per Pound up 3%.
- Net income $11.0M ($0.08/diluted share) vs prior-year net loss of $(0.7)M; Adjusted EPS $0.18.
- Adjusted EBITDA $80.9M (12.2% margin), up from $64.0M (9.5%) in Q3 FY2025; +23% YoY on covenant basis.
- Raised FY2026 Free Cash Flow outlook to $160-170M (from $120-150M); Adjusted EBITDA guidance $310-315M, midpoint $312.5M.
- Repaid $30M of debt in quarter; available liquidity $351.8M including $57.7M cash.