Welcome to our dedicated page for Unifirst news (Ticker: UNF), a resource for investors and traders seeking the latest updates and insights on Unifirst stock.
UniFirst Corporation reports developments tied to its North American uniform, workwear, facility service, first aid and safety operations. Updates commonly cover cash dividends on Common Stock and Class B Common Stock, operating and financial results, segment reporting for Uniform & Facility Service Solutions, First Aid & Safety Solutions and Other, and governance or shareholder matters.
Company announcements also reference specialized garment programs for the cleanroom and nuclear industries, company-branded workwear and floorcare products, and brand partnerships such as Hendrick Motorsports.
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UniFirst Corporation (NYSE: UNF) has declared its quarterly cash dividends of $0.310 per share on Common Stock and $0.248 per share on Class B Common Stock. The dividends will be paid on June 29, 2023, to shareholders of record by June 8, 2023. As a leader in uniform and workwear services, UniFirst operates with over 260 service locations and serves more than 300,000 customer locations. The company outfits over 2 million workers daily, demonstrating its substantial role in the market.
UniFirst Corporation reported a consolidated revenue increase of 11.5% to $542.7 million for Q2 2023, yet experienced an 8.4% decline in operating income to $20.7 million. Net income fell by 3.5% to $17.8 million, reflecting a 2.1% decrease in diluted earnings per share (EPS) to $0.95. The company incurred costs of approximately $9.1 million related to key initiatives and $2.0 million from the Clean Uniform acquisition. With cash and cash equivalents at $345.1 million and no long-term debt, the company anticipates revenues between $2.210 billion and $2.220 billion for fiscal 2023.
UniFirst Corporation (NYSE: UNF) announced a significant safety achievement at its Owensboro, Kentucky distribution center, reaching 1,164,849 hours without a lost time incident from June 1, 2021 to September 30, 2022. This marks the third recognition from the Kentucky Education and Labor Cabinet.
The facility, one of the area's largest employers with over 400 employees, has implemented extensive safety programs, including wellness initiatives and on-site safety training. Notably, the Owensboro facility also holds OSHA's VPP Star certification, affirming its commitment to workplace safety.
UniFirst Corporation (NYSE: UNF) announced the debut of its No. 9 Chevrolet Camaro ZL1, driven by Jordan Taylor, at the Circuit of The Americas on March 26 at 3:30 PM EDT. This marks the continuation of UniFirst's partnership with Hendrick Motorsports, which spans seven years. Notably, Taylor is stepping in for Chase Elliott, who is recovering from a leg injury. The No. 9 team has a strong history at COTA, with two top-five finishes, including a victory in 2021. UniFirst remains committed as the Official Workwear Provider for Hendrick Motorsports, supplying uniforms to the racing team and Hendrick Automotive Group.
UniFirst Corporation (NYSE: UNF) will announce its Fiscal 2023 Q2 results on March 29, 2023, prior to market opening. A conference call will follow at 9:00 a.m. ET to discuss financial results, business highlights, and outlook. The call may include undisclosed information regarding the company's earnings forecasts and financial developments. UniFirst is a leader in uniform supply and servicing, managing over 2 million workers daily through its more than 260 service locations across North America. Investors can access the call via a live webcast on the company’s investor relations site.