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Vestis Corporation: Uniform Rental Business Loses Its Shirt
Seeking Alpha· 2025-05-22 21:56
Group 1 - The article discusses the challenges faced by Vestis Corporation (NYSE: VSTS), including sluggish sales and margins, despite a belief that stability was arriving in the summer of the previous year [1] - The investing group "Value In Corporate Events" provides members with opportunities to capitalize on significant corporate events such as IPOs, mergers & acquisitions, and earnings reports, covering 10 major events a month [1]
Vestis (VSTS) - 2025 Q2 - Earnings Call Transcript
2025-05-07 14:02
Vestis (VSTS) Q2 2025 Earnings Call May 07, 2025 09:00 AM ET Company Participants Michael Aurelio - VP - Investor RelationsPhillip Holloman - Interim Executive Chairman, President and CEOKelly Janzen - EVP & CFOShlomo Rosenbaum - Managing DirectorLuke McFadden - Equity Research AssociateRonan Kennedy - Vice PresidentStephanie Moore - SVP - Equity Research Conference Call Participants Andrew Wittmann - Senior Research AnalystGeorge Tong - Sr. Research Analyst - Equity Research Operator Welcome to the Vestas ...
Vestis (VSTS) - 2025 Q2 - Earnings Call Transcript
2025-05-07 14:02
Vestis (VSTS) Q2 2025 Earnings Call May 07, 2025 09:00 AM ET Company Participants Michael Aurelio - VP - Investor RelationsPhillip Holloman - Interim Executive Chairman, President and CEOKelly Janzen - EVP & CFOShlomo Rosenbaum - Managing DirectorLuke McFadden - Equity Research AssociateRonan Kennedy - Vice PresidentStephanie Moore - SVP - Equity Research Conference Call Participants Andrew Wittmann - Senior Research AnalystGeorge Tong - Sr. Research Analyst - Equity Research Operator Welcome to the Vestas ...
Vestis (VSTS) - 2025 Q2 - Earnings Call Transcript
2025-05-07 14:00
Vestis (VSTS) Q2 2025 Earnings Call May 07, 2025 09:00 AM ET Speaker0 Welcome to the Vestas Corporation Fiscal Second Quarter twenty twenty five Earnings Conference Call. At this time, all participants have been placed on a listen only mode and the floor will be open for your questions following the presentation. I would now like to turn the call over to Michael Aurelio, Vice President, Investor Relations. Speaker1 Thank you, operator, and thank you all for joining us. With me are Philip Holliman, Interim E ...
Vestis (VSTS) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2025-05-06 23:35
Company Performance - Vestis reported a quarterly loss of $0.05 per share, missing the Zacks Consensus Estimate of $0.15, and compared to earnings of $0.13 per share a year ago, representing an earnings surprise of -133.33% [1] - The company posted revenues of $665.25 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 3.79%, and down from $705.37 million year-over-year [2] - Over the last four quarters, Vestis has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Outlook - Vestis shares have declined approximately 41.7% since the beginning of the year, contrasting with the S&P 500's decline of -3.9% [3] - The current consensus EPS estimate for the coming quarter is $0.19 on revenues of $709.93 million, and for the current fiscal year, it is $0.70 on revenues of $2.81 billion [7] Industry Context - The Uniform and Related industry, to which Vestis belongs, is currently in the top 9% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% of industries [8]
Vestis (VSTS) - 2025 Q2 - Earnings Call Presentation
2025-05-06 22:18
May 6, 2025 Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of the securities laws. All statements that reflect our expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements, including, without limitation, statements relating to future operations and financial performance and statements regarding our strategy for growth, future product development, regulatory approvals, competitive ...
Vestis (VSTS) - 2025 Q2 - Quarterly Report
2025-05-06 22:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 28, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-41783 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Sym ...
Vestis (VSTS) - 2025 Q2 - Quarterly Results
2025-05-06 20:12
Execution Version AMENDMENT NO. 2 (this "Amendment"), dated as of May 1, 2025, among VESTIS CORPORATION, a Delaware corporation (the "U.S. Borrower"), CANADIAN LINEN AND UNIFORM SERVICE CORP., a corporation organized under the laws of Canada (the "Canadian Borrower" and, together with the U.S. Borrower, the "Borrowers"), each Subsidiary Guarantor party hereto, each Lender party hereto, and JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders and collateral agent for the Secured Parties (in suc ...
Vestis: Extremely Undervalued With Stable FCF And 75 Years In The Industry
Seeking Alpha· 2025-03-08 07:03
Company Overview - Vestis Corporation (NYSE: VSTS) has reported stable and predictable revenue growth and has been operating in the same industry for over 75 years, indicating a strong foundation and potential for future growth [1] Industry Insights - The accumulated know-how from over 75 years of operation is expected to accelerate revenue growth in the future, showcasing the importance of experience in the industry [1] Investment Strategy - The focus is on small and medium-cap companies in Europe, the United States, and South America, with an emphasis on mature industries such as mining, oil and gas, and real estate [1] - The investment strategy includes M&A deals, deep value investments, and dividend investing, targeting an internal rate of return of approximately 5%-7% [1]
After Plunging -17.18% in 4 Weeks, Here's Why the Trend Might Reverse for Vestis (VSTS)
ZACKS· 2025-02-21 15:35
Core Viewpoint - Vestis (VSTS) has experienced significant selling pressure, declining 17.2% over the past four weeks, but is now positioned for a potential trend reversal as it is in oversold territory, with analysts expecting better earnings than previously predicted [1]. Group 1: Stock Performance and Technical Indicators - VSTS shares have been under heavy selling pressure, indicated by an RSI reading of 23.35, suggesting that the stock may soon reverse its trend [5]. - The Relative Strength Index (RSI) is a momentum oscillator that helps identify oversold stocks, with a reading below 30 typically indicating oversold conditions [2]. - Stocks oscillate between overbought and oversold states, and the RSI can help investors identify potential entry points for a rebound [3]. Group 2: Earnings Estimates and Analyst Consensus - There is strong agreement among sell-side analysts regarding an increase in earnings estimates for VSTS, with the consensus EPS estimate rising by 6.1% over the last 30 days [6]. - An upward trend in earnings estimate revisions is generally associated with price appreciation in the near term [6]. - VSTS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate trends and EPS surprises, indicating a strong potential for a turnaround [7].