Vestis Corp reported the fiscal second quarter ended April 3, 2026 results: revenue $659.4 million, net income $2.6 million, EPS $0.02 per diluted share. Guidance raised.
“Vestis Reports Second Quarter 2026 Results and Increases Full Year 2026 Outlook ATLANTA, GA, May 12, 2026 – Vestis Corporation (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced its financial results for the fiscal second quarter ended April 3, 2026. Second Quarter 2026 Highlights • Revenue of $659.4 million • Net Income of $2.6 million or $0.02 per diluted share • Adjusted Net Income* of $21.8 million or $0.16 per diluted share • Adjusted EBITDA* of $74.5 million • Cash Flow Provided by Operating Activities of $58.3 million, Free Cash Flow* of $45.6 million, and Adjusted Free Cash Flow* of $56.6 million • Repaid $34 million of debt • Available liquidity of $344.5 million, including $50.3 million Cash and Cash Equivalents on hand, at the end of the quarter • Increased outlook for full year 2026 Adjusted EBITDA* by $10 million, or 3%, at the midpoint, and Free Cash Flow* by $80 million, or 145%, at the midpoint”
John Laveck was appointed as Vice President and Chief Accounting Officer at Vestis Corp.
“On May 14, 2025, Vestis Corporation (the “Company”) appointed John Laveck as Vice President and Chief Accounting Officer, effective June 2, 2025.”
Jim Barber was appointed as Director at Vestis Corp.
“Upon his assumption of the role of President and Chief Executive Officer, he will be appointed to serve on the Company’s Board of Directors.”
Jim Barber was appointed as President and Chief Executive Officer at Vestis Corp.
“On May 5, 2025, Vestis Corporation (the “Company”) appointed Jim Barber as President and Chief Executive Officer, effective as of June 2, 2025”
Angie Kervin resigned as Executive Vice President and Chief Human Resources Officer at Vestis Corp.
“On May 8, 2025, Angie Kervin, Executive Vice President and Chief Human Resources Officer of Vestis Corporation (the "Company") provided notice of her decision to resign from her positions with the Company, effective May 16, 2025.”
Phillip Holloman was appointed as interim Executive Chairman, President and Chief Executive Officer at Vestis Corp.
“On March 18, 2025, the Company appointed Phillip Holloman, Chairman of the Board of Directors of the Company since September 2023, as interim Executive Chairman, President and Chief Executive Officer, effective March 18, 2025.”
Kim Scott resigned as President and Chief Executive Officer at Vestis Corp.
“On March 18, 2025, the Board of Directors of Vestis Corporation (the “Company” or “Vestis”) determined that Kim Scott, President and Chief Executive Officer, will leave her positions with the Company, effective March 18, 2025.”
Kelly Janzen changed role as Principal Accounting Officer at Vestis Corp.
“Kelly Janzen, Executive Vice President, Chief Financial Officer of the Company, will assume the additional responsibilities of principal accounting officer for the Company.”
Bryan Johnson resigned as Chief Accounting Officer at Vestis Corp.
“On February 26, 2025, Bryan Johnson informed Vestis Corporation (the “Company”) of his resignation as Chief Accounting Officer of the Company, effective March 10, 2025.”
Kelly C. Janzen was appointed as Executive Vice President and Chief Financial Officer at Vestis Corp.
“the Company appointed Kelly C. Janzen as Executive Vice President and Chief Financial Officer, effective February 14, 2025.”
Rick Dillon departed as Executive Vice President and Chief Financial Officer at Vestis Corp.
“it was determined that Rick Dillon, Executive Vice President and Chief Financial Officer, will leave the Company, effective February 14, 2025.”
Timothy Donovan retired as Executive Vice President, Chief Legal Officer and General Counsel at Vestis Corp.
“Timothy Donovan, Executive Vice President, Chief Legal Officer and General Counsel, notified Vestis Corporation (the “ Company ”) of his retirement to be effective February 14, 2025.”
William W. Goetz was appointed as Director at Vestis Corp.
“On August 3, 2024, Vestis Corporation (the “Company”) announced that William W. Goetz was appointed to the Company’s Board of Directors (the “Board”) as a Class I director”
Bill Seward was appointed as Executive Vice President & Chief Operating Officer at Vestis Corp.
“On July 23, 2024, Vestis Corporation (“Vestis” or the “Company”) announced the appointment of Bill Seward as the Company’s Executive Vice President & Chief Operating Officer, effective September 1, 2024.”
Keith Meister was appointed as Director at Vestis Corp.
“On June 18, 2024, Mr. Meister was appointed to the Board as a Class I director, with a term expiring at the first annual meeting of stockholders to be held by the Company following the spin-off from Aramark.”
Earnings Releases
Vestis Corp updated its the quarter ended March 29, 2024 guidance (lowered).
“On May 2, 2024 , Vestis Corporation (the “Company”) issued a press release announcing the results of the Company’s operations for the quarter ended March 29, 2024.”
Debt Financings
Vestis Corp incurred credit facility of $800 million with JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC at SOFR plus 2.25% (initial margin) or Base Rate plus 1.25% (initial margin), with maturing February 22, 2031.
“On February 22, 2024, the Company entered into an $800 million term loan B-1 maturing February 22, 2031 (the “ Term B-1 Loan ), in order to refinance its existing $800 million term loan A-1 facility, pursuant to Amendment No. 1 (the “ Amendment ”) to its existing Credit Agreement, dated as of September 29, 2023”
Earnings Releases
Vestis Corp reported first quarter ended December 29, 2023 results: revenue $718 million, EPS $0.09. Guidance reaffirmed.
“2024 Results Disciplined execution of high-quality growth strategy delivers sustainable margin expansion; reaffirms Fiscal 2024 guidance First Quarter 2024 Results • Revenue of $718 million increased 2.5% year-over-year; excluding the impact of Fx and the prior year temporary energy fee, revenue growth was 4.5% • Operating income of $48 million or 6.6% of revenue •”
Christopher Synek resigned as Chief Operating Officer at Vestis Corp.
“Christopher Synek, Chief Operating Officer of Vestis Corporation, resigned on February 6, 2024 for personal reasons, effective immediately.”
Earnings Releases
Vestis Corp reported financial results for the quarter and fiscal year ended September 29, 2023.
“On November 29, 2023, Vestis Corporation (the “Company”) issued a press release announcing the results of the Company’s operations for the quarter and fiscal year ended September 29, 2023.”
Governance Changes
Vestis Corp: Board adopted Business Conduct Policy and Corporate Governance Guidelines effective September 30, 2023 (effective 2023-09-30).
“the Board adopted certain Corporate Governance Guidelines and a Business Conduct Policy, in each case, effective as of September 30, 2023”
Governance Changes
Vestis Corp: Amended and restated Bylaws effective immediately following the charter amendment on September 29, 2023 (effective 2023-09-29).
“and amended and restated its Bylaws (the “Amended and Restated Bylaws”), effective immediately thereafter”
Governance Changes
Vestis Corp: Amended and restated Certificate of Incorporation effective September 29, 2023, in connection with the spin-off distribution (effective 2023-09-29).
“In connection with the Distribution, the Company filed an amended and restated Certificate of Incorporation (the “Amended and Restated Certificate of Incorporation”) with the Secretary of State of the State of Delaware on September 29, 2023 which became effective as of 11:59 p.m., Eastern Time, on September 29, 2023”
Debt Financings
Vestis Corp incurred credit facility of $1,800 million with JPMorgan Chase Bank, N.A. acting as the administrative agent and the collateral agent at SOFR plus 2.25% (initially) maturing September 29, 2025 (Term A-1), September 29, 2028 (Term A-2 and Revolving Credit Facility), subject to Springing Maturity Date.
“On September 29, 2023, the Company entered into senior secured financing with a syndicate of banks, financial institutions and other institutional lenders, with JPMorgan Chase Bank, N.A. acting as the administrative agent and the collateral agent, in an aggregate amount of $1,800 million, consisting of a term loan A-1 tranche in the amount of $800 million (the “Term Loan A-1”), a term loan A-2 tranche in the amount of $700 million (the “Term Loan A-2” and, together with the Term Loan A-1, the “Term Loan Facilities”) and a revolving credit facility in an aggregate amount of $300 million (the “Revolving Credit Facility” and, together with the Term Loan Facilities, the “Credit Facilities”).”
Material Agreements
Vestis Corp entered into Tax Matters Agreement with Aramark valued at Tax Matters Agreement between Vestis Corporation and Aramark (effective 2023-09-29).
“On September 29, 2023, the Company and Aramark entered into a Tax Matters Agreement (the “Tax Matters Agreement”), which governs the parties’ respective rights, responsibilities and obligations with respect to tax liabilities and benefits, tax attributes, the preparation and filing of tax returns, the control of audits and other tax proceedings and other matters regarding taxes.”
Material Agreements
Vestis Corp entered into Transition Services Agreement with Aramark valued at Transition Services Agreement between Vestis Corporation and Aramark (effective 2023-09-29).
“On September 29, 2023, the Company and Aramark entered into a Transition Services Agreement (the “Transition Services Agreement”), which sets forth the terms on which the Company and Aramark and their respective affiliates will provide each other, on an interim, transitional basis, various services, including, but not limited to, administrative, information technology and cybersecurity support services and certain finance, treasury, tax and governmental function services.”
Material Agreements
Vestis Corp entered into Separation and Distribution Agreement with Aramark valued at Separation and Distribution Agreement between Vestis Corporation and Aramark (effective 2023-09-29).
“On September 29, 2023, the Company and Aramark entered into a Separation and Distribution Agreement (the “Separation and Distribution Agreement”), which identifies the assets to be transferred, the liabilities to be assumed and the contracts to be transferred to each of the Company and Aramark in connection with the Separation and the Distribution and provides for when and how these transfers and assumptions occur.”
Ena Williams was elected as Director at Vestis Corp.
“Each of Richard Burke, Phillip Holloman, Lynn McKee, Doug Pertz, Kim Scott, Mary Anne Whitney and Ena Williams was elected as a member of the Board as of the Effective Time.”
Mary Anne Whitney was elected as Director at Vestis Corp.
“Each of Richard Burke, Phillip Holloman, Lynn McKee, Doug Pertz, Kim Scott, Mary Anne Whitney and Ena Williams was elected as a member of the Board as of the Effective Time.”
Kim Scott was elected as Director at Vestis Corp.
“Each of Richard Burke, Phillip Holloman, Lynn McKee, Doug Pertz, Kim Scott, Mary Anne Whitney and Ena Williams was elected as a member of the Board as of the Effective Time.”
Doug Pertz was appointed as Vice Chairman of the Board at Vestis Corp.
“Phillip Holloman was appointed Chairman of the Board, and Doug Pertz was appointed Vice Chairman of the Board;”
Lynn McKee was elected as Director at Vestis Corp.
“Each of Richard Burke, Phillip Holloman, Lynn McKee, Doug Pertz, Kim Scott, Mary Anne Whitney and Ena Williams was elected as a member of the Board as of the Effective Time.”
Phillip Holloman was appointed as Chairman of the Board at Vestis Corp.
“Phillip Holloman was appointed Chairman of the Board, and Doug Pertz was appointed Vice Chairman of the Board;”
Richard Burke was elected as Director at Vestis Corp.
“Each of Richard Burke, Phillip Holloman, Lynn McKee, Doug Pertz, Kim Scott, Mary Anne Whitney and Ena Williams was elected as a member of the Board as of the Effective Time.”
James J. Tarangelo resigned as Director at Vestis Corp.
“Each of Thomas G. Ondrof and James J. Tarangelo, who had previously been appointed to the Board, resigned from the Board, effective as of immediately prior to the Effective Time.”
Thomas G. Ondrof resigned as Director at Vestis Corp.
“Each of Thomas G. Ondrof and James J. Tarangelo, who had previously been appointed to the Board, resigned from the Board, effective as of immediately prior to the Effective Time.”
Tracy Jokinen was appointed as Director at Vestis Corp.
“Tracy Jokinen was appointed as a member of the Board and a member and chair of the Audit Committee of the Board (the “Audit Committee”) effective as of the Pre-Trading Date.”
Bryan Johnson was appointed as Principal Accounting Officer at Vestis Corp.
“Bryan Johnson, 47, serves as the Company’s principal accounting officer following the Distribution.”
Christopher Synek was appointed as Executive Vice President and Chief Operating Officer at Vestis Corp.
“Christopher Synek Executive Vice President and Chief Operating Officer”
Grant Shih was appointed as Executive Vice President and Chief Technology Officer at Vestis Corp.
“Grant Shih Executive Vice President and Chief Technology Officer”
Angela Kervin was appointed as Executive Vice President and Chief Human Resources Officer at Vestis Corp.
“Angela Kervin Executive Vice President and Chief Human Resources Officer”
Timothy Donovan was appointed as Executive Vice President, Chief Legal Officer and General Counsel at Vestis Corp.
“Timothy Donovan Executive Vice President, Chief Legal Officer and General Counsel”
Rick Dillon was appointed as Executive Vice President and Chief Financial Officer at Vestis Corp.
“Rick Dillon Executive Vice President and Chief Financial Officer”
Kim Scott was appointed as President and Chief Executive Officer at Vestis Corp.
“Appointment of Officers The following individuals are the executive officers of the Company following the Distribution, with the respective position(s) set forth in the table below: Name Position Kim Scott President and Chief Executive Officer”
Governance Changes
Vestis Corp: Certificate of amendment to Restated Certificate of Incorporation (Split Amendment) increased authorized shares and effected a stock split (effective 2023-09-20).
“Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. In connection with the Distribution, the Company filed a certificate of amendment to its Restated Certificate of Incorporation (the “Split Amendment”) with the Secretary of State of the State of Delaware on September 20, 2023. The Split Amendment increased the number of authorized shares of Common Stock and preferred stock, par value $0.01, of the Company, and effected a stock split of the outstanding shares of Common Stock.”
Tracy Jokinen was appointed as Director at Vestis Corp.
“appointed Tracy Jokinen to fill the vacancy resulting from such increase.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.