earnings
confidence high
sentiment negative
materiality 0.75
Vestis Q3 revenue down 3.5% to $674M; net loss $0.7M, adjusted EBITDA $64M
Vestis Corp
2025-Q3 EPS
reported -$0.21
vs consensus $0.06
▼ miss
(-462.1%)
- Revenue $674M, down 3.5% YoY; rental revenue fell $18M, direct sales down $5.6M.
- Net loss $0.7M (-$0.01 EPS) vs net income $5M ($0.04 EPS) in Q3 2024.
- Adjusted EBITDA $64M vs $86.9M last year; free cash flow $8M, down $19.7M.
- Net leverage ratio 4.50x, within covenant max of 5.25x; total debt $1.32B.
- CEO Jim Barber cites challenges but optimism; team focused on unlocking operating leverage.
item 2.02item 9.01