---
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"
generated_at: "2026-05-31T11:55:43.142201+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Vestis Q3 rev $698M (-1.6% YoY), adj EBITDA $87M; enters $250M AR facility to cut debt

## Summary
- 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

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001967649-24-000039
- JSON: https://secwatch.observer/filing/0001967649-24-000039.json
- Plain text: https://secwatch.observer/filing/0001967649-24-000039.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.