Vestis Corporation reported fiscal third quarter results ending July 3, 2026, with revenue of $661.7 million and net income of $11.0 million ($0.08 per diluted share). Adjusted EBITDA increased 23% year-over-year to $80.9 million, driven by a strategic business transformation plan that lowered operating expenses and improved pricing discipline. The company raised its full-year 2026 Free Cash Flow outlook midpoint by $30 million to $165.0 million, while maintaining revenue guidance of flat to down 2% and Adjusted EBITDA guidance of $310.0 million to $315.0 million. Vestis repaid $30 million in debt during the quarter, ending with $351.8 million in total available liquidity. The company operates in the B2B uniform rental and workplace supplies industry.

On June 12, 2026, Vestis Corporation entered into a second amended and restated offer letter and employment agreement with Interim CFO Adam K. Bowen. His annual base salary remains $400,000 with a 35% target annual bonus. The agreement waives the repayment of a $100,000 cash award from December 2025 and provides for a $100,000 cash award in June 2026, with additional $100,000 awards every three months until a permanent CFO is appointed. It also establishes pro-rata bonus eligibility for FY2026 and specifies that Mr. Bowen will revert to VP of Financial Planning & Analysis if not selected as permanent CFO. Vestis Corporation operates in the healthcare services industry, providing clinical apparel and textile services.