Vestis Corporation (VSTS) Income Statement Analysis

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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)

Industry: Rental & Leasing Services

Sector: Industrials

Website: https://www.vestis.com

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

UPCOMING VSTS DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Vestis Corporation Investors to Join the Class Action Lawsuit!

July 4, 2024accesswire.com

NEW YORK, NY / ACCESSWIRE / July 4, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Vestis Corporation ("Vestis" or "the Company") (NYSE:VSTS) and certain...

Vestis: A 'Fixer-Upper' in a Good Neighborhood

July 3, 2024gurufocus.com

Vestis Corp. (VSTS, Financial) in an interesting recent spinoff I came across when I was looking for significant insider buying near 52-week low prices. I think the company has potential as it is an established player operating in a fragmented...

Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of July 16, 2024 in Vestis Lawsuit - VSTS

July 3, 2024accesswire.com

NEW YORK, NY / ACCESSWIRE / July 3, 2024 / If you suffered a loss on your Vestis Corporation (NYSE:VSTS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more...

Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of July 16, 2024 in Vestis Corporation Lawsuit - VSTS

July 3, 2024accesswire.com

UPCOMING VSTS DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Vestis Corporation Investors to Join the Class Action Lawsuit!

July 3, 2024accesswire.com

NEW YORK, NY / ACCESSWIRE / July 3, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Vestis Corporation ("Vestis" or "the Company") (NYSE:VSTS) and certain...

July 16, 2024 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against VSTS

July 2, 2024globenewswire.com

NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Vestis Corporation ("Vestis " or the "Company") (NYSE: VSTS) of a class action securities lawsuit.

Class Action Filed Against Vestis Corporation (VSTS) - July 16, 2024 Deadline to Join - Contact Levi & Korsinsky

July 2, 2024accesswire.com

NEW YORK, NY / ACCESSWIRE / July 2, 2024 / If you suffered a loss on your Vestis Corporation (NYSE:VSTS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more...

Investors who lost money on Vestis Corporation(VSTS) should contact Levi & Korsinsky about pending Class Action - VSTS

July 2, 2024accesswire.com

UPCOMING VSTS DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Vestis Corporation Investors to Join the Class Action Lawsuit!

July 2, 2024accesswire.com

NEW YORK, NY / ACCESSWIRE / July 2, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Vestis Corporation ("Vestis" or "the Company") (NYSE:VSTS) and certain...