I reiterate a 'Hold' rating on Vestis due to ongoing revenue weakness and uncertainty around the new business model's execution. Q3 showed improved margins and EBITDA, driven by exiting lower-quality volume and focusing on higher-value route-servicing contracts. Transformation initiatives have delivered ~$30M of ~$50M targeted FY2026 savings, enhancing plant productivity, service quality, and cost structure.
Vestis (VSTS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Vestis Corporation (VSTS) Q3 2026 Earnings Call Transcript
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Curtis Ellergodt Rothschild Investment LLC | 1,875 | $12,592.7 | $27,112.5 | $14,519.8 | 115.3% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 11,523 | $158,326.02 | $163,741.83 | $5,415.81 | 3.42% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 600 | $2,718 | $8,328 | $5,610 | 206.4% |
| NA Nizar Araji National Bank Of Canada /FI/ | 15,763 | $216,583.62 | $224,149.86 | $7,566.24 | 3.49% |
| JEF James E. Francis PARADIGM ASSET MANAGEMENT Co. LLC | 879 | $18,582.06 | $12,710.34 | -$5,871.72 | -31.6% |
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Andrew Steinerman JP Morgan | -4,971.36 | $67,212.83 | $66,268.27 | $944.56 | 1.41% |
George Tong Goldman Sachs | -818.14 | $11,584.83 | $10,905.78 | $679.05 | 5.86% |
| Trading Companies & Distributors Industry | Industrials Sector | Jim Barber CEO | NYSE Exchange | 29430C102 CUSIP |
| US Country | 18,150 Employees | 21 Feb 2025 Last Dividend | - Last Split | 5 Oct 2023 IPO Date |
Vestis Corporation is a reputable provider of uniform rentals and workplace supplies across the United States and Canada. Since its establishment in 1936, the company has been committed to offering a broad range of product options tailored to meet the diverse needs of industries such as manufacturing, hospitality, retail, food processing, service sectors, pharmaceuticals, healthcare, automotive, and cleanroom environments. Headquartered in Roswell, Georgia, Vestis Corporation leverages its extensive experience and industry knowledge to deliver high-quality, reliable solutions that enhance workplace functionality and safety.