Vestis Corp
For the period ended Apr 3, 2026. Filed May 12, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Apr 3, 2026 · Filed May 12, 2026
VSTS$14.48+2.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in thousands, except share and per share amounts)
| April 3,2026 | October 3,2025 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $50,340 | $29,748 |
| Receivables (net of allowances: $34,690 and $32,677, respectively) | 149,544 | 162,295 |
| Inventories, net | 174,958 | 179,020 |
| Rental merchandise in service, net | 391,823 | 405,625 |
| Other current assets | 84,020 | 73,343 |
| Total current assets | 850,685 | 850,031 |
| Property and Equipment, at cost: | ||
| Land, buildings and improvements | 564,557 | 565,677 |
| Equipment | 1,158,794 | 1,172,877 |
| 1,723,351 | 1,738,554 | |
| Less - Accumulated depreciation | (1,073,845) | (1,075,092) |
| Total property and equipment, net | 649,506 | 663,462 |
| Goodwill | 961,750 | 961,732 |
| Other Intangible Assets, net | 175,457 | 188,837 |
| Operating Lease Right-of-use Assets | 85,872 | 85,108 |
| Other Assets | 149,924 | 157,730 |
| Total Assets | $2,873,194 | $2,906,900 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities: | ||
| Current maturities of financing lease obligations | $30,015 | $35,234 |
| Current operating lease liabilities | 20,780 | 20,189 |
| Accounts payable | 154,514 | 158,362 |
| Accrued payroll and related expenses | 90,721 | 93,897 |
| Accrued expenses and other current liabilities | 102,789 | 101,282 |
| Total current liabilities | 398,819 | 408,964 |
| Long-Term Borrowings | 1,115,457 | 1,155,143 |
| Noncurrent Financing Lease Obligations | 134,702 | 131,071 |
| Noncurrent Operating Lease Liabilities | 76,644 | 77,032 |
| Deferred Income Taxes | 182,806 | 177,337 |
| Other Noncurrent Liabilities | 97,564 | 91,709 |
| Total Liabilities | 2,005,992 | 2,041,256 |
| Commitments and Contingencies (see Note 8) | ||
| Equity: | ||
| Common stock, par value $0.01 per share, 350,000,000 shares authorized, 132,101,879 and 131,859,470 issued and outstanding as of April 3, 2026 and October 3, 2025, respectively | 1,321 | 1,319 |
| Additional paid-in capital | 942,872 | 937,531 |
| (Accumulated deficit) retained earnings | (50,674) | (46,879) |
| Accumulated other comprehensive loss | (26,317) | (26,327) |
| Total Equity | 867,202 | 865,644 |
| Total Liabilities and Equity | $2,873,194 | $2,906,900 |
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