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Vestis posts quarterly profit lift and raises free-cash-flow outlook

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Sig3.20Sen+5.20Env0.00Soc0.00Gov0.00

Vestis reported fiscal Q3 results showing a profit and margin improvement after years of repositioning. Adjusted EBITDA rose to about $81M, revenue per pound increased, and the company shed ~22M pounds of low-priced volume. Services cost and SG&A fell, net income turned positive, and full-year free-cash-flow guidance was raised to $160M–$170M.

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