Vestis reports FY2024 revenue $2.8B, Adj. EBITDA $353M; cash flow up 83.6%

Vestis Corp

2024-FY EPS reported $0.16 revenue$2,805,820,000

Fiscal 2024 revenue $2.8B; operating income $158M (5.6% of revenue).
Adjusted EBITDA $353M (12.6% of revenue); free cash flow $165M up 13.2% YoY.
Net leverage improved to 3.62x from 3.95x; net debt down $319M to $1.3B.
CEO: Q4 results in-line for revenue, ahead for Adj. EBITDA; expects underlying growth in FY2025.

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