{"schema_version":"secwatch.filing_event.v1","accession":"0001967649-24-000039","form_type":"8-K","ticker":"VSTS","cik":"0001967649","company_name":"Vestis Corp","filed_at":"2024-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.293485+00:00","generated_at":"2026-05-31T11:55:43.142201+00:00","sec_items":["1.01","2.02","2.03","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Vestis Q3 rev $698M (-1.6% YoY), adj EBITDA $87M; enters $250M AR facility to cut debt","bullets":["Revenue $698M, down 1.6% YoY; operating income $38M (5.4% of rev); adj EBITDA $87M (12.4% of rev)","Operating cash flow YTD $176M (+22.4%); free cash flow YTD $125M (+22.6%)","Net leverage 3.98x, net debt $1.53B at Q3 end; pro forma post-AR facility net leverage 3.33x, net debt $1.28B","Entered $250M AR securitization facility on Aug 2, 2024, to repay term loans; scheduled term Aug 2, 2027","Reiterated FY2024 outlook; adj EBITDA margin expected toward higher end of guidance range"],"urls":{"canonical":"https://secwatch.observer/filing/0001967649-24-000039","json":"https://secwatch.observer/filing/0001967649-24-000039.json","markdown":"https://secwatch.observer/filing/0001967649-24-000039.md","text":"https://secwatch.observer/filing/0001967649-24-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1967649/000196764924000039/0001967649-24-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1967649/000196764924000039/vsts-20240802.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T11:55:43.142201+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}