Q3 2026 Vestis Corp Earnings Call Transcript

Aug 11, 2026 / 12:30 PM GMT

Release Date Price: €11.9 (+0.85%)

Transcript 10-Q8-K

Key Points

Positve

Adjusted EBITDA grew 23% year-over-year to $81 million, with margin expanding to 12.2% from 9.8%.
Revenue per pound increased 3% year-over-year, the first such growth since becoming a public company.
Plant productivity improved 9%, on-time delivery rose 80 basis points, and customer complaints fell 74 basis points.
Free cash flow guidance raised to $160-$170 million, up from $120-$150 million, reflecting strong working capital management.
Transformation initiatives are on track, with $30 million in year-to-date savings and a new outsourcing agreement expected to generate $10 million in annualized savings from fiscal 2027.

Negative

Revenue declined 1.8% year-over-year to $662 million, driven by a 4.5% reduction in volume.
Volume losses were significant, with 22 million pounds exited, though these were low-quality at $0.55 per pound.
The company continues to face a wide performance gap between its best and worst market centers, with bottom quadrants dragging overall results.
The field sales segment is underperforming, with one of six growth drivers (field) not growing and requiring corrective action.
Adjusted EBITDA guidance for fiscal 2026 was only modestly raised to $310-$315 million, with the top end lowered, indicating limited near-term upside.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VSTS.N - Vestis Corporation
Q3 2026 Vestis Corp Earnings Call
Aug 11, 2026 / 12:30PM GMT

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Presentation
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Mm.

Welcome to the Vestus Corporation fiscal third quarter 2026 earnings conference call.

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I would now like to turn the call over to Stefan Neely with Balum

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