as of 06-17-2026 3:42pm EST
Vestis Corp is a provider of uniform rentals and workplace supplies across the United States and Canada. It provides uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products, and other workplace supplies. The Company serves customers ranging from small, family-owned operations with a single location to large corporations and national franchises with multiple locations. The company operates in the United States and Canada as reportable segments. The company earns the majority of its revenue from the United States.
| Founded: | 1936 | Country: | United States |
| Employees: | N/A | City: | ROSWELL |
| Market Cap: | 1.6B | IPO Year: | 2023 |
| Target Price: | $5.88 | AVG Volume (30 days): | 1.3M |
| Analyst Decision: | Sell | Number of Analysts: | 4 |
| Dividend Yield: | N/A | Dividend Payout Frequency: | quarterly |
| EPS: | -0.03 | EPS Growth: | -293.75 |
| 52 Week Low/High: | $3.98 - $13.63 | Next Earning Date: | 05-12-2026 |
| Revenue: | $2,734,839,000 | Revenue Growth: | -2.53% |
| Revenue Growth (this year): | -1.2% | Revenue Growth (next year): | 1.67% |
| P/E Ratio: | -439.00 | Index: | N/A |
| Free Cash Flow: | 5.8M | FCF Growth: | -87.04% |
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SEC 8-K filings with transcript text
Feb 10, 2026 · 99% conf.
1D
-10.15%
$7.64
Act: +2.00%
5D
-15.62%
$7.17
Act: -9.76%
20D
-18.82%
$6.90
vsts-202602100001967649FALSE00019676492026-02-102026-02-10
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
February 10, 2026 Date of Report (Date of earliest event reported)
Vestis Corporation (Exact name of Registrant as Specified in its Charter)
Delaware001-41783 92-2573927
(State or other Jurisdiction of Incorporation)(Commission File Number) (IRS Employer Identification No.)
1035 Alpharetta Street,Suite 2100,
Roswell, Georgia 30075
(Address of Principal Executive Offices)(Zip Code)
(470) 226-3655 (Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s) Name of Each Exchange on which Registered
Common Stock, par value $0.01 per share
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02. Results of Operations and Financial Condition. On February 10, 2026, the Company issued a press release announcing the results of the Company’s operations for the quarter ended January 2, 2026. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02. The information set forth under this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits. (d)Exhibits
Exhibit No. Description
99.1Press release of Vestis Corporation, dated February 10, 2026, announcing results for the quarter ended January 2, 2026.
99.2Supplementary materials to be used during webcast conference call on February 10, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Vestis Corporation
Date:February 10, 2026By:/s/ Adam K. Bowen Name:ADAM K. BOWEN Title:Interim Chief Financial Officer (Principal Financial Officer)
Dec 1, 2025
vsts-202512010001967649FALSE00019676492025-12-012025-12-01
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
December 1, 2025 Date of Report (Date of earliest event reported)
Vestis Corporation (Exact name of Registrant as Specified in its Charter)
Delaware001-41783 92-2573927
(State or other Jurisdiction of Incorporation)(Commission File Number) (IRS Employer Identification No.)
1035 Alpharetta Street, Suite 2100,
Roswell, Georgia 30075
(Address of Principal Executive Offices)(Zip Code)
(470) 226-3655 (Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s) Name of Each Exchange on which Registered
Common Stock, par value $0.01 per share
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02. Results of Operations and Financial Condition On December 1, 2025, Vestis Corporation (the “Company”) issued a press release announcing the results of the Company’s operations for the quarter and fiscal year ended October 3, 2025. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02. The information set forth under this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits (d)Exhibits
Exhibit No. Description
99.1Press release of Vestis Corporation, dated December 1, 2025, announcing results for the quarter and fiscal year ended October 3, 2025.
99.2Supplementary materials to be used during webcast conference call on December 2, 2025
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Vestis Corporation
Date:December 1, 2025By:/s/ Kelly Janzen Name:KELLY JANZEN Title:Executive Vice President and Chief Financial Officer (principal financial officer)
Aug 5, 2025
vsts-202508050001967649FALSE00019676492025-08-052025-08-05
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
August 5, 2025 Date of Report (Date of earliest event reported)
Vestis Corporation (Exact name of Registrant as Specified in its Charter)
Delaware001-41783 92-2573927
(State or other Jurisdiction of Incorporation)(Commission File Number) (IRS Employer Identification No.)
1035 Alpharetta Street,Suite 2100,
Roswell, Georgia 30075
(Address of Principal Executive Offices)(Zip Code)
(470) 226-3655 (Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s) Name of Each Exchange on which Registered
Common Stock, par value $0.01 per share
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02. Results of Operations and Financial Condition. On August 5, 2025, the Company issued a press release announcing the results of the Company’s operations for the quarter ended June 27, 2025. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02. The information set forth under this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits. (d)Exhibits
Exhibit No. Description
99.1Press release of Vestis Corporation, dated August 5, 2025, announcing results for the quarter ended June 27, 2025.
99.2Supplementary materials to be used during webcast conference call on August 6, 2025
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Vestis Corporation
Date:August 5, 2025By:/s/ Kelly Janzen Name:KELLY JANZEN Title:Executive Vice President and Chief Financial Officer (principal financial officer)
May 6, 2025
vsts-202505010001967649FALSE00019676492025-05-012025-05-01
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
May 1, 2025 Date of Report (Date of earliest event reported)
Vestis Corporation (Exact name of Registrant as Specified in its Charter)
Delaware001-41783 92-2573927
(State or other Jurisdiction of Incorporation)(Commission File Number) (IRS Employer Identification No.)
1035 Alpharetta Street,Suite 2100,
Roswell, Georgia 30075
(Address of Principal Executive Offices)(Zip Code)
(470) 226-3655 (Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s) Name of Each Exchange on which Registered
Common Stock, par value $0.01 per share
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 1.01. Entry into a Material Definitive Agreement.
On May 1, 2025, Vestis Corporation (the “Company”) entered into an Amendment No. 2 (the “Amendment”) to its existing Credit Agreement, dated as of September 29, 2023 (as amended by Amendment No. 1 dated as of February 22, 2024 and the Amendment, and as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) among the Company, as the U.S. borrower, Canadian Linen and Uniform Service Corp. (the “Canadian Borrower”), the other subsidiaries of the Company party thereto from time to time, the lenders and financial institutions party thereto from time to time (the “Lenders”), and JPMorgan Chase Bank, N.A. as administrative agent and collateral agent. The Amendment increases the net leverage covenant ratio from 4.50x to (i) 5.25x for any fiscal quarter ending prior to July 3, 2026, (ii) 5.00x for the fiscal quarter ending July 3, 2026 and (iii) 4.75x for the fiscal quarter ending October 2, 2026. The net leverage covenant ratio remains at 4.50x for the first fiscal quarter of 2027 through maturity. The Amendment also provides a $15 million bad debt expense adjustment to EBITDA in the fiscal quarter ended March 28, 2025 solely for purposes of determining compliance with the financial covenants. The Amendment restricts the Company from making share repurchases and dividends (subject to certain exceptions) and caps the amount of indebtedness under receivables facilities to $250 million, in each case until the earlier of (i) any fiscal quarter ending after October 2, 2026 so long as the Company is then in compliance with the financial covenants and (ii) when the Company achieves a net leverage ratio below or equal to 4.50x as of the last day of two consecutive quarters through the end of fiscal 2026.
A copy of the Amendment is filed with this Current Report on Form 8-K and attached hereto as Exhibit 10.1 and incorporated by reference herein. The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the full text of the Amendment.
Item 2.02. Results of Operations and Financial Condition. On May 6, 2025, the Company issued a press release announcing the results of the Company’s operations for the quarter ended March 28, 2025. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02. The information set forth under this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under t
Jan 31, 2025
vsts-202501310001967649FALSE00019676492025-01-312025-01-31
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
January 31, 2025 Date of Report (Date of earliest event reported)
Vestis Corporation (Exact name of Registrant as Specified in its Charter)
Delaware001-41783 92-2573927
(State or other Jurisdiction of Incorporation)(Commission File Number) (IRS Employer Identification No.)
1035 Alpharetta Street,Suite 2100,
Roswell, Georgia 30075 (Address of Principal Executive Offices)(Zip Code)
(470) 226-3655 (Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s) Name of Each Exchange on which Registered
Common Stock, par value $0.01 per share
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02. Results of Operations On January 31, 2025, Vestis Corporation (the “Company”) issued a press release announcing the results of the Company’s operations for the quarter ended December 27, 2024. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02. The information set forth under this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits (d)Exhibits
Exhibit No. Description
99.1Press release of Vestis Corporation, dated January 31, 2025, announcing results for the quarter ended December 27, 2024.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Vestis Corporation
Date:January 31, 2025By:/s/ RICK DILLON
Name:RICK DILLON
Title:Executive Vice President and Chief Financial Officer (principal financial officer)
Nov 21, 2024
vsts-202411210001967649FALSE00019676492024-11-212024-11-21
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
November 21, 2024 Date of Report (Date of earliest event reported)
Vestis Corporation (Exact name of Registrant as Specified in its Charter)
Delaware001-41783 92-2573927
(State or other Jurisdiction of Incorporation)(Commission File Number) (IRS Employer Identification No.)
1035 Alpharetta Street, Suite 2100,
Roswell, Georgia 30075
(Address of Principal Executive Offices)(Zip Code)
(470) 226-3655 (Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s) Name of Each Exchange on which Registered
Common Stock, par value $0.01 per share
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02. Results of Operations On November 21, 2024, Vestis Corporation (the “Company”) issued a press release announcing the results of the Company’s operations for the quarter and fiscal year ended September 27, 2024. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02. The information set forth under this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits (d)Exhibits
Exhibit No. Description
99.1Press release of Vestis Corporation, dated November 21, 2024, announcing results for the quarter and fiscal year ended September 27, 2024.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Vestis Corporation
Date:November 21, 2024By:/s/ RICK DILLON
Name:RICK DILLON
Title:Executive Vice President and Chief Financial Officer (principal financial officer)
Aug 7, 2024
vsts-202408020001967649FALSE00019676492024-08-022024-08-02
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
August 2, 2024 Date of Report (Date of earliest event reported)
Vestis Corporation (Exact name of Registrant as Specified in its Charter)
Delaware001-41783 92-2573927
(State or other Jurisdiction of Incorporation)(Commission File Number) (IRS Employer Identification No.)
500 Colonial Center Parkway, Suite 140,
Roswell, Georgia 30076 (Address of Principal Executive Offices)(Zip Code)
(470) 226-3655 (Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s) Name of Each Exchange on which Registered
Common Stock, par value $0.01 per share
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 1.01. Entry into a Material Definitive On August 2, 2024 (the “Closing Date”), Vestis Services, LLC, a Delaware limited liability company (“Vestis Services”) and certain other Originators (as defined below) of Vestis Corporation, a Delaware corporation (the “Company”), entered into an accounts receivable securitization facility in the aggregate principal amount of up to $250 million (the “A/R Facility”) to repay a portion of the outstanding borrowings under the Company’s existing term loans. The documentation for the A/R Facility includes, among other documents, (i) a Receivables Purchase Agreement, dated as of August 2, 2024 (the “Receivables Purchase Agreement”), by and among VS Financing, LLC, a wholly-owned, consolidated, bankruptcy-remote subsidiary of Vestis Services, as the seller (the “Seller”), Vestis Services, as the servicer (the “Servicer”), the persons from time to time party thereto as purchasers (the “Purchasers”), PNC Bank, National Association, as administrative agent (“PNC” or “Administrative Agent”), and PNC Capital Markets LLC, as structuring agent and (ii) a Sale and Contribution Agreement, dated as of August 2, 2024 (the “Sale and Contribution Agreement”) by and among Vestis Services (in its capacity as Servicer and as Originator), certain other Originators and the Seller. The A/R Facility has a scheduled termination date on August 2, 2027, unless terminated earlier in accordance with its terms. In connection with the A/R Facility, Vestis Services and certain other wholly-owned domestic subsidiaries of the Company (the “Originators,” and each an “Originator”), have sold and/or contributed, and will continue to sell and/or contribute, certain accounts receivable generated in the ordinary course of their business (other than certain excluded receivables) and certain related assets (collectively, “Receivables”) to the Seller pursuant to the Sale and Contribution Agreement. Pursuant to the Receivables Purchase Agreement, the Seller may, from time to time, in turn sell Receivables, to the Purchasers, in exchange for payments as set forth in the Receivables Purchase Agreement. The Seller will pay the applicable Yield Rate (as defined in the Receivables Purchase Agreement) with respect to the investments made by the Purchasers under the Receivables Purchase Agreement. The Seller will also pay certain customary fees under the Receivables Purchase Agreement and related documentation. The Servicer will be responsible for initial servicing and collection of the Receivables. The Company will provide a customary guaranty of performance of the respective obligations of Originators to the Administrative Agent, Purchasers, and the other secured parties under the Receivables Purchase Agreement. However, neither the Servicer nor any of the Servicer’s other subsidiaries is guaran
May 2, 2024
vsts-202405020001967649FALSE00019676492024-05-022024-05-02
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
May 2, 2024 Date of Report (Date of earliest event reported)
Vestis Corporation (Exact name of Registrant as Specified in its Charter)
Delaware001-41783 92-2573927
(State or other Jurisdiction of Incorporation)(Commission File Number) (IRS Employer Identification No.)
500 Colonial Center Parkway, Suite 140,
Roswell, Georgia 30076 (Address of Principal Executive Offices)(Zip Code)
(470) 226-3655 (Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s) Name of Each Exchange on which Registered
Common Stock, par value $0.01 per share
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02. Results of Operations On May 2, 2024, Vestis Corporation (the “Company”) issued a press release announcing the results of the Company’s operations for the quarter ended March 29, 2024. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02. The information set forth under this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits (d)Exhibits
Exhibit No. Description
99.1 Press release of Vestis Corporation, dated May 2, 2024, announcing results for the quarter ended March 29, 2024.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Vestis Corporation
Date:May 2, 2024 By:/s/ RICK DILLON
Name:RICK DILLON
Title:Executive Vice President and Chief Financial Officer (principal financial officer)
Exhibit No. Description
99.1 Press release of Vestis Corporation, dated May 2, 2024, announcing results for the quarter ended March 29, 2024.
Feb 7, 2024
vsts-202402070001967649FALSE00019676492024-02-072024-02-07
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
February 7, 2024 Date of Report (Date of earliest event reported)
Vestis Corporation (Exact name of Registrant as Specified in its Charter)
Delaware001-41783 92-2573927
(State or other Jurisdiction of Incorporation)(Commission File Number) (IRS Employer Identification No.)
500 Colonial Center Parkway, Suite 140,
Roswell, Georgia 30076 (Address of Principal Executive Offices)(Zip Code)
(470) 226-3655 (Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s) Name of Each Exchange on which Registered
Common Stock, par value $0.01 per share
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02. Results of Operations On February 7, 2024, Vestis Corporation (the “Company”) issued a press release announcing the results of the Company’s operations for the quarter ended December 29, 2023. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02. The information set forth under this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits (d)Exhibits
Exhibit No. Description
Exhibit 99.1 Press release of Vestis Corporation, dated February 7, 2024, announcing results for the quarter ended December 29, 2023.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Vestis Corporation
Date:February 7, 2024By:/s/ RICK DILLON
Name:RICK DILLON
Title:Executive Vice President and Chief Financial Officer (principal financial officer)
Exhibit No. Description
Exhibit 99.1 Press release of Vestis Corporation, dated February 7, 2024, announcing results for the quarter ended December 29, 2023.
Nov 29, 2023
falseVestis Corp0001967649Common Stock, par value $0.01 per sharetrueNYSE00019676492023-11-292023-11-29
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
November 29, 2023
Date of Report (Date of earliest event reported)
Vestis Corporation
(Exact name of Registrant as Specified in its Charter)
Delaware
001-41783
92-2573927
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
500 Colonial Center Parkway, Suite 140
Roswell, Georgia
30076
(Address of Principal Executive Offices)
(Zip Code)
(470) 226-3655
(Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading Symbol(s)
Name of Each Exchange on which Registered
Common Stock, par value $0.01 per share
New York Stock Exchange
Item 2.02.
Results of Operations
On November 29, 2023, Vestis Corporation (the “Company”) issued a press release announcing the results of the Company’s operations for the quarter and fiscal year ended September 29, 2023. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02.
The information set forth under this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01.
Financial Statements and Exhibits
(d) Exhibits
Exhibit
No.
Description
Exhibit 99.1
Press release of Vestis Corporation, dated November 29, 2023, announcing results for the quarter and fiscal year ended September 29, 2023.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Vestis Corporation
Date:
November 29, 2023
By:
/s/ RICK DILLON
Name:
Title:
Executive Vice President and
Chief Financial Officer
Exhibit
No.
Description
Exhibit 99.1
Press release of Vestis Corporation, dated November 29, 2023, announcing results for the quarter and fiscal year ended September 29, 2023.
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