Filing Flows › Vestis (VSTS) › Q4 FY24
Vestis (VSTS) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 22, 2024
Vestis (VSTS) reported revenue of $684M for the fourth quarter fiscal 2024 (Q4 FY24), -4% from a year earlier and -2% from the quarter before. Operating margin was 4.4%, net loss $2.3M (0.3% of revenue).
Vestis, Q4 FY24: revenue $684M (-4% year over year), operating margin 4.4%, net loss $2.3M, operating cash flow $296M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $684M | -2% | -4% |
| Operating profit | $29.8M | — | — |
| Net earnings | −$2.3M | — | — |
| Operating cash flow | $296M | +507% | +161% |
| Free cash flow | $267M | +866% | +205% |
What changed
Revenue was $684.3M in Q4 FY24, down 4% year over year and down 2% from the previous quarter. United States was the largest line at 91% of revenue.
Operating profit was $29.8M, a 4.4% margin (down 3.7 points year over year). Total costs fell 1% while revenue fell 4%. The quarter ended with a net loss of $2.3M, after a profit of $5.0M the previous quarter. Net interest and other expense of $31.0M was the main reason.
Operating cash flow was $295.6M (up 161% year over year). Non-cash charges added back $35.3M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $259.6M. Capital expenditures of $28.1M left free cash flow of $267.5M.
Questions
What was Vestis' revenue in the fourth quarter fiscal 2024?
Vestis (VSTS) reported revenue of $684M for the fourth quarter fiscal 2024 (Q4 FY24), -4% from a year earlier and -2% from the quarter before.
Was Vestis profitable in the fourth quarter fiscal 2024?
Operating profit was $29.8M (4.4% of revenue) and net loss $2.3M.
Source: Vestis 10-K on SEC EDGAR.