Vestis (VSTS) - 2024 Q4 - Annual Results

Vestis Reports Fourth Quarter and Fiscal 2024 Results Provides Fiscal 2025 Guidance Fiscal 2024 Results • Revenue of $2.8 billion • Operating Income of $158 million or 5.6% of revenue • Adjusted EBITDA of $353 million or 12.6% of revenue • Operating Cash Flow of $472 million, up 83.6% year-over-year • Free Cash Flow of $165 million, up 13.2% year-over-year • Net leverage was 3.62x at the end of fiscal 2024 versus 3.95x at the end of fiscal 2023 • Net debt was $1.3 billion at the end of fiscal 2024, a declin ...