See more : Ascendant Digital Acquisition Corp. III (ACDI) Income Statement Analysis – Financial Results
Complete financial analysis of Vestis Corporation (VSTS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Vestis Corporation, a leading company in the Rental & Leasing Services industry within the Industrials sector.
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Vestis Corporation (VSTS)
About Vestis Corporation
Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens. The company serves manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, healthcare, automotive, and cleanroom industries. Vestis Corporation was founded in 1936 and is headquartered in Roswell, Georgia.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 2.81B | 2.83B | 2.69B | 2.46B | 2.56B |
| Cost of Revenue | 1.99B | 1.97B | 1.91B | 1.77B | 1.81B |
| Gross Profit | 815.95M | 855.07M | 777.33M | 690.94M | 748.01M |
| Gross Profit Ratio | 29.08% | 30.26% | 28.93% | 28.13% | 29.20% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 517.22M | 500.66M | 450.73M | 461.40M | 461.13M |
| Other Expenses | 140.78M | 136.50M | 0.00 | 1.12M | 0.00 |
| Operating Expenses | 658.00M | 637.16M | 585.09M | 594.70M | 598.29M |
| Cost & Expenses | 2.65B | 2.61B | 2.49B | 2.36B | 2.41B |
| Interest Income | 0.00 | 0.00 | 0.00 | 1.12M | 0.00 |
| Interest Expense | 126.56M | 10.00K | 2.28M | 0.00 | 206.00K |
| Depreciation & Amortization | 140.78M | 136.50M | 134.35M | 133.31M | 137.16M |
| EBITDA | 299.37M | 362.01M | 326.60M | 229.55M | 286.88M |
| EBITDA Ratio | 10.67% | 12.81% | 12.15% | 9.34% | 11.20% |
| Operating Income | 157.95M | 217.91M | 192.24M | 96.24M | 149.72M |
| Operating Income Ratio | 5.63% | 7.71% | 7.15% | 3.92% | 5.84% |
| Total Other Income/Expenses | -125.92M | 51.82M | -2.28M | 1.12M | -206.00K |
| Income Before Tax | 32.03M | 269.73M | 189.96M | 97.36M | 149.51M |
| Income Before Tax Ratio | 1.14% | 9.55% | 7.07% | 3.96% | 5.84% |
| Income Tax Expense | 11.06M | 56.57M | 48.28M | 23.09M | 37.87M |
| Net Income | 20.97M | 213.16M | 141.68M | 74.27M | 111.65M |
| Net Income Ratio | 0.75% | 7.54% | 5.27% | 3.02% | 4.36% |
| EPS | 0.16 | 1.63 | 1.09 | 0.57 | 0.85 |
| EPS Diluted | 0.16 | 1.63 | 1.09 | 0.57 | 0.85 |
| Weighted Avg Shares Out | 131.51M | 130.73M | 129.86M | 131.00M | 131.00M |
| Weighted Avg Shares Out (Dil) | 131.79M | 130.73M | 129.86M | 131.00M | 131.00M |
Vestis Corp: Waiting For More Signs Of Successful Turnaround
I maintain a hold rating for Vestis Corp (VSTS) due to the need for more evidence of successful strategy implementation and operating metrics improvement. 4Q24 earnings were disappointing, with a 4.4% y/y revenue decline, high decremental margins, and a sharp...
Vestis Corporation (VSTS) Q4 2024 Earnings Call Transcript
Vestis Corporation (NYSE:VSTS ) Q4 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Michael Aurelio - IR Kimberly T. Scott - President and CEO Ricky T.
Vestis Reports Fourth Quarter and Fiscal 2024 Results
ATLANTA--(BUSINESS WIRE)--Vestis Corporation (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the fourth quarter and fiscal year ended September 27, 2024. The company also provided its outlook for fiscal year 2025. Management Commentary...
Vestis Announces Date for Fiscal Fourth Quarter and Full-Year 2024 Earnings Results
ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal fourth quarter and full-year 2024 earnings results on November 21, 2024, prior to the market opening. Management will host a...
Vestis to Sell Minority Stake in Japanese Joint Venture
ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced an agreement to sell its 39% equity stake in Aramark Uniform Services Japan Corporation (“AUSJ”) to majority owner Mitsui & Co., Ltd. for approximately $37 million....
Vestis Confirms Receipt of Preliminary Inquiry
ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), today confirmed that it received a preliminary inquiry from Elis SA regarding a potential transaction involving the Company. The Board of Directors takes seriously and evaluates any inquiries regarding the Company and all alternatives available to...
Exclusive: France's Elis has bid for U.S. uniform supplier Vestis, sources say
French workplace supplies provider Elis SA has approached Vestis , the former uniform rentals business of Aramark , with an acquisition offer, according to people familiar with the matter.
Vestis Corp.: Tangible Improvements To Organic Growth Need To Be Seen
Hold rating for Vestis Corp. due to lack of tangible organic growth improvements. VSTS is the second-largest in the US Uniform Services industry, with a simple business model and the majority of revenue from the US. Despite positive developments in...
Vestis Corporation (VSTS) Q3 2024 Earnings Call Transcript
Vestis Corporation (NYSE:VSTS ) Q3 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Michael Aurelio - IR Kimberly T. Scott – President and CEO Ricky T.
Vestis Appoints Bill Goetz to the Board of Directors
ATLANTA--(BUSINESS WIRE)--Vestis Corporation (NYSE: VSTS) (“Vestis” or the “Company”), a leading provider of uniforms and workplace supplies, today announced the appointment of Bill Goetz to the Company's Board of Directors, effective immediately. His appointment increases the size of the Board...
Source: https://incomestatements.info
Category: Stock Reports