Vestis sees FY24 revenue growth 4.0% -4.5%, consensus $2.96B

“The Company expects to deliver revenue growth in the range of 4.0 to 4.5% through a continued focus on providing service excellence to our customers and delivering high-quality growth. As a result of solid progress against our strategic plan, in fiscal 2024 we expect our adjusted EBITDA margin to be maintained at not less than the fiscal 2023 level 14.3% , with approximately 50 to 60 basis points of margin expansion offsetting approximately $15 to $18M in incremental public company costs in the period. Our strategic imperatives include disciplined capital allocation with de-levering as a priority, and we expect not less than 100% free cash flow conversion of net income.”