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Vestis (VSTS) - 2025 Q4 - Earnings Call Presentation
2025-12-02 13:30
Financial Performance - Fiscal Year 2025 revenue was $27348 million, a decrease of 25% compared to $28058 million in Fiscal Year 2024[12] - Fiscal Year 2025 Adjusted EBITDA was $2574 million, down 271% from $3529 million in Fiscal Year 2024[12] - Q4 2025 revenue increased by 41% to $712 million compared to $6843 million in Q4 2024[12] - Q4 2025 Adjusted EBITDA decreased by 197% to $647 million compared to $805 million in Q4 2024[12] - Free cash flow for Fiscal Year 2025 was $58 million, a significant decrease of 964% compared to $1599 million in Fiscal Year 2024[12] - The company's net leverage ratio was 472x[6,30] Strategic Initiatives - The company is launching a multi-year strategic business transformation plan expected to generate annual cost savings of $75 million by the end of fiscal year 2026[6,37] - The transformation plan focuses on three pillars: Commercial Excellence, Operational Excellence, and Asset & Network Optimization[6,36] Fiscal Year 2026 Outlook - The company anticipates revenue of $27 billion[6] - The company anticipates Adjusted EBITDA in the range of $285 million to $315 million[6] - The company anticipates free cash flow in the range of $50 million to $60 million[6]