Vestis Full Year 2024 Earnings: EPS Misses Expectations

Vestis (NYSE:VSTS) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.81b (flat on FY 2023).
• Net income: US$21.0m (down 90% from FY 2023).
• Profit margin: 0.7% (down from 7.5% in FY 2023).
• EPS: US$0.16 (down from US$1.63 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Vestis EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$2.56b (91% of total revenue). Notably, cost of sales worth US$1.99b amounted to 71% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$517.2m (65% of total expenses). Explore how VSTS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are up 16% from a week ago.

Risk Analysis

Be aware that Vestis is showing 2 warning signs in our investment analysis and 1 of those is a bit concerning...

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