Vestis Corporation (NYSE: VSTS), a provider of uniforms and workplace supplies, has released its results for the third quarter of 2025. The company reported revenue of $673.8 million, marking a 3.5% decline year over year. This decrease of $24.4 million was attributed to an $18.0 million drop in rental revenue, a $5.6 million decline in direct sales revenue, and a $0.8 million negative impact from foreign exchange. The company reported an operating income of $25 million but incurred a net loss of $0.7 million for the quarter. Adjusted EBITDA was reported at $64 million. Vestis generated $23 million in cash flows from operating activities and reported free cash flow of $8 million. The company has available liquidity of $290 million, including $24 million in cash and cash equivalents. Total debt at the end of the quarter was $1.32 billion, with a Net Leverage Ratio of 4.50x. Pursuant to the credit agreement, the Net Leverage Ratio cannot exceed 5.25x for any fiscal quarter ending prior to July 3, 2026. Jim Barber, President and CEO, highlighted the alignment of the results with expectations and noted the positive cash flow generated. Since assuming his role two months ago, Barber has focused on reviewing the business and expressed optimism about the company's future prospects. He emphasized the importance of operational excellence and the company's integrated network of assets in an attractive and growing industry.