Vestis Corporation Reports Earnings Results for the Second Quarter and Six Months Ended March 29, 2024
May 02, 2024 at 07:56 am EDT
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Vestis Corporation reported earnings results for the second quarter and six months ended March 29, 2024. For the second quarter, the company reported sales was USD 705.37 million compared to USD 699.31 million a year ago. Net income was USD 5.97 million compared to USD 36.86 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 0.28 a year ago.
For the six months, sales was USD 1,423.29 million compared to USD 1,400 million a year ago. Net income was USD 18.23 million compared to USD 70.32 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.54 a year ago.
Vestis Corporation is a provider of uniform rentals and workplace supplies across the United States and Canada. The Company provides uniforms, mats, towels, linens, restroom supplies, first-aid supplies, safety products and other workplace supplies. The Company also provides a full range of uniform programs, managed restroom supply services and first-aid and safety products, as well as ancillary items such as floor mats, towels and linens. Additionally, it provides garments and contamination control supplies that help customers maintain controlled, cleanroom environments commonly used in the manufacturing of electronics, pharmaceuticals and medical equipment. Its customer base participates in a variety of industries, including manufacturing, hospitality, retail, food processing, pharmaceuticals, healthcare and automotive. It serves customers ranging from small, family-owned operations with a single location to corporations and national franchises with multiple locations.
VESTIS CORPORATION 
