Vestis Corporation (VSTS) Reports Q4 EPS of $0.22, offers outlook

Vestis Corporation (NYSE: VSTS) reported Q4 EPS of $0.22. Revenue for the quarter came in at $718 million.

Fiscal Year 2024 Outlook

The Company continues to expect to deliver revenue growth in the range of 4.0 to 4.5% through our focus on providing service excellence to our customers and delivering high-quality growth. We continue to expect our adjusted EBITDA margin to be approximately 14.3%, with approximately 50 to 60 basis points of margin expansion offsetting approximately $15 to $18 million in incremental public company costs in the period.

Our strategic imperatives include disciplined capital allocation with deleveraging as a priority, and we continue to expect free cash flow conversion of net income to be at least 100%.

For earnings history and earnings-related data on Vestis Corporation (VSTS) click here.

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