Quarterly ResultMay 12, 2026, 07:12 AM
Vestis Q2 Revenue $659.4M; Raises FY26 Adjusted EBITDA Outlook
AI Summary
Vestis Corporation announced its financial results for the fiscal second quarter ended April 3, 2026, reporting revenue of $659.4 million and adjusted diluted EPS of $0.16. The company demonstrated significant improvements in profitability and cash flow, driven by its strategic business transformation plan. Consequently, Vestis raised its full-year 2026 outlook for Adjusted EBITDA and Free Cash Flow, anticipating continued sequential improvements.
Key Highlights
- Q2 2026 Revenue was $659.4 million, a 0.9% decrease year-over-year.
- Q2 2026 Net Income was $2.6 million, or $0.02 per diluted share.
- Q2 2026 Adjusted EBITDA increased to $74.5 million, up 19% year-over-year.
- Q2 2026 Adjusted Diluted EPS was $0.16.
- Generated $45.6 million in Free Cash Flow and $56.6 million in Adjusted Free Cash Flow.
- Repaid $34 million of debt during the second quarter.
- Increased full-year 2026 Adjusted EBITDA outlook to $295 million - $325 million.
- Increased full-year 2026 Free Cash Flow outlook to $120 million - $150 million.