Vestis CORP
Market Movers (8-K)
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Vestis CORPVestis Corporation has amended the employment agreement for its Interim Chief Financial Officer, Adam K. Bowen, detailing compensation, bonus structures, and equity awards.
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Vestis CORPVestis Corporation announced its fiscal second quarter 2026 financial results, reporting revenue of $659.4 million and a net income of $2.6 million, while also increasing its full-year 2026 Adjusted EBITDA and Free Cash Flow guidance.
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Vestis CORPVestis Corporation shareholders approved all proposals at the 2026 Annual Meeting, including the election of three directors, advisory executive compensation, and auditor ratification.
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Vestis CORPVestis Corporation reports a net loss of $6.4 million for Q1 2026 but reaffirms its fiscal 2026 outlook, citing solid progress on its strategic business transformation plan.
Capital raise
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Vestis CORPVestis Corporation announces the resignation of CFO Kelly Janzen and the appointment of Adam K. Bowen as Interim CFO, while reaffirming its full-year 2026 financial guidance.
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Vestis CORPVestis Corporation reported a net loss of $40 million for fiscal year 2025 and announced a multi-year strategic business transformation plan aimed at generating $75 million in annual cost savings by the end of fiscal 2026.
Worse than expected
Quarterly Earnings (10-Q)
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Vestis CORPVestis Corporation reported a significant improvement in its second-quarter financial results, moving from a net loss to a net profit, driven by cost-saving measures and operational efficiencies.
Better than expected
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Vestis CORPVestis Corporation reported a net loss of $6.4 million for the first quarter of fiscal 2026, a significant decline from the prior year's net income, while initiating a multi-year business transformation plan.
Worse than expected
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Vestis CORPVestis Corporation reported a net loss of $0.7 million for the third quarter and $27.7 million for the nine months ended June 27, 2025, driven by declining revenue and increased operating expenses.
Capital raise
Worse than expected
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Vestis CORPVestis Corporation's Q2 2025 results reveal a net loss and revenue decline, accompanied by executive departures and a revised credit agreement.
Worse than expected
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Vestis CORPVestis Corporation announced its first quarter 2025 financial results, showcasing a decrease in revenue alongside strategic cost management and operational adjustments.
Worse than expected
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Vestis CORPVestis Corporation's third-quarter results show a decrease in net income and operating income compared to the previous year, alongside ongoing legal proceedings and strategic adjustments.
Worse than expected
Annual Reports (10-K)
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Vestis CORPVestis Corporation reported a net loss of $40.2 million for fiscal year 2025 on declining revenue, while initiating a multi-year business transformation and restructuring plan aimed at improving profitability and cash flow.
Delay expected
Capital raise
Worse than expected
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Vestis CORPVestis Corporation's first annual report as an independent entity reveals a slight revenue decrease but highlights strategic initiatives for future growth and operational efficiency.
Worse than expected
Insider Trading (Form 4)
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Vestis CORPVestis Corp executive Steven E. Cochran reported a transaction involving 93,096 shares of common stock, acquired under a restricted stock unit plan.
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Vestis CORPVestis Corp Director Douglas A. Pertz was granted 18,253 restricted stock units, aligning his interests with shareholders.
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Vestis CORPVestis Corporation Director Lynn McKee was granted 18,253 restricted stock units, vesting based on service.
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Vestis CORPVestis Corp Director Richard L. Burke Jr. acquired 18,253 restricted stock units, increasing his beneficial ownership to 66,365.359 shares.
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Vestis CORPVestis Corporation director Tracy C. Jokinen was granted 18,253 restricted stock units, increasing her beneficial ownership to 56,378.359 shares.
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Vestis CORPVestis Corp Director Mary Anne Whitney was granted 18,253 restricted stock units, increasing her beneficial ownership to 39,632.937 shares.
Proxy Statements (Def-14A)
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Vestis CORPVESTIS CORPORATION has filed definitive additional materials related to its Schedule 14A proxy statement.
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Vestis CORPVestis Corporation details a comprehensive multi-year strategic transformation plan and leadership changes in its latest proxy statement, following a pivotal fiscal 2025 with positive free cash flow but no annual incentive payouts.
Worse than expected
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Vestis CORPVestis Corporation has filed its definitive proxy statement with the Securities and Exchange Commission.
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Vestis CORPDEF 14A: Vestis Corporation Announces Fiscal 2024 Results and Strategic Priorities for Long-Term Growth
Vestis Corporation reported fiscal 2024 results in line with its revised outlook, demonstrating progress in customer retention, operational efficiency, and debt reduction while navigating challenges in its first year as a public company.
Worse than expected
Schedule 13D - Activist Investments
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Vestis CORPCorvex Management LP and Keith Meister have increased their beneficial ownership in Vestis Corporation to approximately 15% through recent open market purchases.
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Vestis CORPActivist investor Corvex Management LP and its managing partner Keith Meister have significantly increased their beneficial ownership in Vestis Corp to 14.3% through recent open market purchases.
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Vestis CORPCorvex Management LP and Keith Meister have amended their agreement with Vestis Corporation, increasing their permitted beneficial ownership and economic exposure limits to 20% of outstanding shares.
Better than expected
Schedule 13G - Passive Investments
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Vestis CORPThe Vanguard Group has amended its Schedule 13G filing for Vestis Corp, reporting 0% beneficial ownership due to an internal corporate realignment.
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Vestis CORPFMR LLC and its affiliates, along with Abigail P. Johnson, have disclosed a combined beneficial ownership of 7.8% of Vestis Corporation's common stock as of December 31, 2025.
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Vestis CORPFMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a beneficial ownership of 10.3% of Vestis Corporation's common stock as of October 31, 2025.
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Vestis CORPThe Vanguard Group reported an increased beneficial ownership of 7.29% in Vestis Corp common stock, holding over 9.6 million shares.
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Vestis CORPAlberta Investment Management Corp has filed an amended Schedule 13G, revealing a 7.4% passive ownership stake in Vestis Corp.
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Vestis CORPBlackRock, Inc. has filed an Amendment No. 2 to its Schedule 13G, disclosing a 12.5% beneficial ownership stake in Vestis Corp's common stock as of June 30, 2025.