Vestis Q1 revenue $718M (+2.5% YoY); adjusted EBITDA $98M; reaffirms FY2024 outlook

Vestis Corp

2024-Q1 EPS reported $0.09 revenue$717,923,000

Revenue of $718M, up 2.5% YoY (4.5% excl. FX and prior-year energy fee).
GAAP diluted EPS $0.09; adjusted diluted EPS $0.22.
Adjusted EBITDA $98M (13.7% margin vs 13.2% prior year).
Net debt leverage reduced to 3.85x; full-year FY2024 guidance reaffirmed.
First quarter as standalone public company; management cites high-quality growth strategy.

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 0.9

Vestis Corp reported first quarter ended December 29, 2023 results: revenue $718 million, EPS $0.09. Guidance reaffirmed.

Period: first quarter ended December 29, 2023
Revenue: $718 million
EPS: $0.09
Guidance: reaffirmed
Result: reported results

Exact text from the filing

2024 Results Disciplined execution of high-quality growth strategy delivers sustainable margin expansion; reaffirms Fiscal 2024 guidance First Quarter 2024 Results • Revenue of $718 million increased 2.5% year-over-year; excluding the impact of Fx and the prior year temporary energy fee, revenue growth was 4.5% • Operating income of $48 million or 6.6% of revenue •

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Source: SEC EDGAR

accession 0001967649-24-000006

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