Vestis Corporation's stock surged 5.38% during pre-market trading on Tuesday, following the release of its fiscal second quarter 2026 financial results.
The uniform and workplace supplies provider reported adjusted earnings per share of $0.16, significantly beating analyst estimates of $0.08. Quarterly sales of $659.4 million also exceeded expectations. The company swung to a net income of $2.6 million from a loss in the prior year period, with adjusted EBITDA rising to $74.5 million from $47.6 million.
Vestis raised its full-year 2026 outlook, increasing adjusted EBITDA guidance by $10 million and free cash flow guidance by $80 million at the midpoint. Management highlighted early benefits from its strategic transformation plan, which is expected to deliver at least $75 million in annual operating cost savings by the end of fiscal 2026.
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