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ATLANTA--(BUSINESS WIRE)--Vestis Corporation (NYSE: VSTS) (“Vestis” or the “Company”), a leading provider of uniforms and workplace supplies, today announced the appointment of Russell Tiejema as Executive Vice President and Chief Financial Officer, effective September 28, 2026. Mr. Tiejema succeeds Adam K. Bowen, who has served as Interim Chief Financial Officer since December 16, 2025. To ensure a smooth transition, Mr. Bowen intends to remain with the Company through the end of October befor.
Here is how Vestis (VSTS) and Vestas Wind Systems AS (VWDRY) have performed compared to their sector so far this year.
Vestis (VSTS) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
I reiterate a 'Hold' rating on Vestis due to ongoing revenue weakness and uncertainty around the new business model's execution. Q3 showed improved margins and EBITDA, driven by exiting lower-quality volume and focusing on higher-value route-servicing contracts. Transformation initiatives have delivered ~$30M of ~$50M targeted FY2026 savings, enhancing plant productivity, service quality, and cost structure.
Vestis (VSTS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Did Vestis Corporation Insiders Breach their Fiduciary Duties to Shareholders? PR Newswire NEW YORK, Aug. 12, 2026
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Vestis Corporation (VSTS) Q3 2026 Earnings Call Transcript