Vestis Reports First Quarter 2025 Results; Reaffirms FY25 Guidance; Announces Chief Financial Officer and Chief Legal Officer Transitions
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
First Quarter 2025 Financial Performance: Vestis Corporation reported Q1 revenue of $684 million and adjusted EBITDA of $81 million, both in line with expectations. The company also prepaid $20 million of term loan debt and maintained a net leverage ratio of 3.80x.
Leadership Transitions: Vestis announced the departure of CFO Rick Dillon and the appointment of Kelly Janzen as his successor, alongside the retirement of Chief Legal Officer Tim Donovan and the promotion of Andre Bouchard to that role, effective February 14, 2025.
Analyst Views on BKR
Wall Street analysts forecast BKR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKR is 55.17 USD with a low forecast of 52.00 USD and a high forecast of 61.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 53.590
Low
52.00
Averages
55.17
High
61.00
Current: 53.590
Low
52.00
Averages
55.17
High
61.00
About BKR
Baker Hughes Company is an energy technology company that provides solutions to energy and industrial customers worldwide. The Company's segments include Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). OFSE segment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging from exploration, appraisal, and development, to production, rejuvenation, and decommissioning. OFSE segment is organized into four product lines: Well Construction; Completions, Intervention, and Measurements; Production Solutions, and Subsea. IET segment provides technology solutions and services for mechanical-drive, compression and power-generation applications across the energy industry including oil and gas, liquefied natural gas operations, downstream refining, and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors. IET segment also provides equipment, software, and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
