Vestis Q3 revenue $674mln, operating income $25mln, net loss $0.7mln.

• Vestis Corporation Q3 revenue: $674 million • Operating income: $25 million, net loss: $0.7 million • Adjusted EBITDA: $64 million • Cash flow from ops: $23 million, free cash flow: $8 million • Available liquidity: $290 million • Vestis generated positive cash flow during Q3 • Management pleased with results and cash flow generation

Vestis Corporation (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the third quarter ended June 27, 2025. The company reported revenue of $674 million, operating income of $25 million, and a net loss of $0.7 million. Adjusted EBITDA stood at $64 million, while cash flows from operating activities amounted to $23 million, and free cash flow was $8 million. Available liquidity, including cash and cash equivalents, totaled $290 million.

Management expressed satisfaction with the company's performance, noting that the results were in line with expectations and that positive cash flow was generated during the period. Jim Barber, President and CEO, stated, "I’m pleased that our third quarter results were in line with our expectations and that we generated positive cash flow during the period. Our team has been focused on taking comprehensive actions designed to strengthen our overall results and create long-term shareholder value by unlocking operating leverage through commercial and operational excellence."

Revenue for the third quarter totaled $673.8 million, a decrease of $24.4 million year over year or 3.5%. The decline in revenue was primarily due to a $18.0 million decrease in rental revenue, a $5.6 million decline in direct sales revenue, and a $0.8 million negative impact from foreign exchange. Gross profit for the third quarter of fiscal 2025 was $182.1 million, a decrease of 10.1% compared to the prior year. Selling, general, and administrative (SG&A) expenses were $122.3 million, a decrease of $7.7 million year over year.

Interest expense was $22.5 million, a decrease of $7.4 million from the prior year, primarily due to a decrease in net term loan borrowings resulting from the receipt of net proceeds from establishing an accounts receivable securitization facility during the fiscal fourth quarter of 2024. Net cash provided by operating activities was $22.9 million, and free cash flow was $8.0 million, both decreases from the comparative prior year periods.

Vestis will host a conference call on Wednesday, August 6, 2025, at 8:30 a.m. Eastern Time to discuss its fiscal third quarter 2025 results. For a live webcast of the conference call and to access the accompanying investor presentation, please visit the investor relations section of the Company’s website at www.vestis.com.

References:
[1] https://www.marketscreener.com/news/vestis-reports-third-quarter-2025-results-ce7c5ed8df8afe22