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Vestis Corporation, a Delaware Corporation ( Vestis , the Company , our , we or us ) is a leading provider of uniform rentals and workplace supplies across the United States and Canada. We provide uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products and other workplace supplies.
Operating margin is thin at 2.36%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 2.5% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 99% versus the prior year, cash generation momentum has weakened. Net debt of $1.39B represents 240.8x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$2.71B
▼ -2.5% YoY
Net Income (TTM)
-$17M
▼ -291.8% YoY
Op. Margin
2.36%
ROIC
2.10%
Cash Flow & Balance Sheet
FCF (TTM)
$97M
▼ -98.5% YoY
Op. Cash Flow (TTM)
$150M
▼ -86.4% YoY
Net Debt
$1.33B
Cash & Equiv.
$50M
3Y CAGR: +0.6%
3Y CAGR: -66.7%
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