Vestis Boosts FY26 Adjusted EBITDA Outlook on Strong Q2 Results, Reports $659.4M Revenue
VSTS has more than doubled off its 52-week low of $3.98.
Summary
Vestis Corporation reported strong fiscal second-quarter 2026 results, including revenue of $659.4 million and Adjusted EBITDA of $74.5 million. Crucially, the company raised its full-year 2026 Adjusted EBITDA and Free Cash Flow outlook, signaling increased confidence in its operational improvements. This positive update follows a challenging Q1 2026, where Vestis reported a net loss and revenue decline, alongside the launch of a multi-year business transformation plan. The Q2 results, which include a return to net income and $15 million in-year benefit from the transformation, suggest the plan is beginning to yield positive results. This raised guidance is a significant positive catalyst, indicating improved profitability and cash generation prospects. Traders will now focus on the continued execution of the transformation plan and future guidance updates.
At the time of this announcement, VSTS was trading at $9.11 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $3.98 to $10.38. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.