Sector: Consumer Non-Cyclicals | Industry: Personal Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 500 Colonial Center Parkway, Suite 140 ROSWELL GA 30076 |
Tel: | N/A |
Website: | https://ir.vestis.com |
IR: | See website |
Key People | ||
N/A |
Business Overview |
Vestis Corporation is a provider of uniform rentals and workplace supplies across the United States and Canada. The Company provides uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products and other workplace supplies. The Company also provides a full range of uniform programs, managed restroom supply services and first-aid and safety products, as well as ancillary items such as floor mats, towels and linens. Additionally, it provides garments and contamination control supplies that help customers maintain controlled, cleanroom environments commonly used in the manufacturing of electronics, pharmaceuticals and medical equipment. Its customer base participates in a variety of industries, including manufacturing, hospitality, retail, food processing, pharmaceuticals, healthcare and automotive. It serves customers ranging from small, family-owned operations with a single location to corporations and national franchises with multiple locations. |
Financial Overview |
For the nine months ended 28 June 2024, Vestis Corp revenues increased 1% to $2.12B. Net income decreased 80% to $23.3M. Revenues reflect United States segment increase of 1% to $1.93B, Canada segment increase of 1% to $189.4M, United States segment increase of 1% to $1.93B, Canada segment increase of 1% to $189.4M. Net income was offset by Corporate segment loss increase of 34% to $88.4M, United States segment income decrease of 3% to $209.8M. |
Employees: | 20,000 as of Sep 29, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $3,479M as of Jun 28, 2024 |
Annual revenue (TTM): | $2,837M as of Jun 28, 2024 |
EBITDA (TTM): | $328.64M as of Jun 28, 2024 |
Net annual income (TTM): | $117.24M as of Jun 28, 2024 |
Free cash flow (TTM): | $208.63M as of Jun 28, 2024 |
Net Debt Last Fiscal Year: | $1,515M as of Jun 28, 2024 |
Shares outstanding: | 131,481,967 as of Jul 26, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |