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Dec 27, 2024
Vestis Q1 2025 Earnings Report
Reported first quarter results, which were in line with expectations, and reaffirmed fiscal year 2025 outlook.
Key Takeaways
Vestis Corporation reported first quarter 2025 results in line with expectations, with revenue of $684 million and operating income of $30 million. The company reaffirmed its fiscal year 2025 outlook, expecting revenue between $2.8 billion and $2.83 billion and adjusted EBITDA between $345 million and $360 million.
Delivered Q1 results in-line with expectations and reaffirms fiscal 2025 outlook
Revenue of $684 million, as expected
Operating Income of $30 million increased 2% sequentially versus Q4 2024 and Operating Margin of 4.4% was flat sequentially
Voluntarily prepaid $20 million of term loan debt during the quarter
Vestis
Vestis
Forward Guidance
The Company continues to expect fiscal 2025 revenue to be in the range of $2.8 billion to $2.83 billion and fiscal 2025 Adjusted EBITDA to be in the range of $345 million to $360 million. The Company’s fiscal 2025 guidance is provided on a normalized 52-week fiscal year basis.