Vestis Corporation (VSTS), a provider of uniforms and workplace supplies, Thursday reported a loss of $2.29 million or $0.02 per share for the fourth quarter, compared with a profit of 93.97 million or $0.72 per share in the same quarter a year ago, primarily impacted by decline in revenue as well as an interest expense of $29.85 million.
In the previous-year quarter, the company had recorded a gain on sale of equity investment of $51.83 million.
Excluding one-time items, earnings were $14.5 million or $0.11 per share, that missed the analysts' average estimate of $0.13 per share. Analysts' estimates typically exclude special items.
Operating income declined 48.4 percent to $29.8 million from $57.8 million last year.
Revenue for the quarter dropped 4.4 percent to $684.28 million from $715.90 million in the previous year. The consensus estimate was for $690.99 million.
The company's Board has declared a quarterly dividend of $0.035 per share, payable on January 6, to shareholders of record on December 13.
Looking ahead, Vestis expects fiscal 2025 revenue to be in the range of $2.8 billion - $2.83 billion. The Street is looking for revenue for $2.84 billion for the year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.