secwatch.observer — SEC 8-K summary
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Issuer:     Vestis Corp (VSTS)
CIK:        0001967649
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001967649-25-000045
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vestis Q3 revenue down 3.5% to $674M; net loss $0.7M, adjusted EBITDA $64M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1967649/000196764925000045/0001967649-25-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1967649/000196764925000045/vsts-20250805.htm
  HTML page:      https://secwatch.observer/filing/0001967649-25-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer