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 (NYSE: UNF) is a North American supplier and servicer of uniform and workwear programs, facility service products, and first aid and safety supplies and services. Headquartered in Wilmington, Massachusetts, the company operates more than 270 service locations and serves over 300,000 customer locations, outfitting more than 2 million workers each day. Its news flow reflects both its operational footprint and its role in uniform, facility, and safety service markets.
This UniFirst news page aggregates company-specific updates, including earnings announcements, segment performance discussions, and capital allocation decisions such as dividend declarations and share repurchases. Investors and analysts can review quarterly and annual financial results, management commentary on growth and margin trends, and disclosures related to UniFirst’s enterprise resource planning project, which the company describes as a key initiative to enhance growth, scalability, operating efficiency, and profitability.
In addition to financial results, UniFirst’s news coverage includes corporate governance developments, such as outcomes of annual shareholder meetings, board elections, and appointments to leadership roles. Recent communications have also addressed shareholder engagement around governance topics, including the company’s dual-class share structure and perspectives from external investors and proxy advisory firms.
Strategic and transactional updates are another important category of UniFirst news. The company has confirmed receipt of an unsolicited, non-binding acquisition proposal from Cintas Corporation to acquire all outstanding UniFirst common and Class B shares for cash, and has reported that its board is evaluating the proposal with the assistance of independent financial and legal advisors. News items also highlight operational and infrastructure initiatives, such as a multi-site energy modernization program involving LED lighting installations across numerous UniFirst facilities in the United States, which is projected to improve energy efficiency and reduce CO₂ emissions over time.
By following this page, readers can monitor UniFirst’s latest press releases and third-party coverage related to its uniform and workwear programs, facility and safety services, governance developments, capital structure, and strategic evaluations.
UniFirst Corporation (NYSE: UNF) reported third-quarter results for the fiscal year ended May 29, 2021, showing a 4.2% increase in consolidated revenues to $464.3 million. Operating income surged 95.5% to $54.2 million, with net income rising 97.4% to $42.0 million or $2.21 per diluted share. Core Laundry Operations revenues increased 5.3%, while Specialty Garments saw a 5.7% rise. The company holds $535.0 million in cash with no long-term debt. Looking ahead, fiscal 2021 revenue guidance is set between $1.810 billion and $1.817 billion.
UniFirst Corporation (NYSE: UNF) is set to release its Fiscal 2021 third quarter results on June 30, 2021, before market opening. A conference call discussing financial results, business updates, and future outlook will take place at 9:00 a.m. Eastern Time on the same day. Investors can access a live webcast and replay on the company's investor relations website. UniFirst, a leader in uniform and workwear programs, operates over 260 service locations, serving more than 2 million workers daily with an extensive range of products and services.
UniFirst Corporation (NYSE: UNF) released its 2021 Corporate Social Responsibility (CSR) Report, detailing advancements in sustainability, diversity, and community initiatives. The report highlights the company's ethical governance and financial transparency as part of its ongoing commitment to corporate responsibility. Notably, UniFirst earned a spot on Barron's 100 Most Sustainable Companies list for the third consecutive year and received an ABA Stevie Award for Most Valuable COVID-19 Corporate Response. This reflects the company's strong financial standing and proactive approach during the pandemic.
UniFirst Corporation (NYSE: UNF) has launched the Bulwark iQ Series, a line of flame-resistant (FR) workwear aimed at enhancing comfort and safety for workers in high-risk environments. This innovative apparel features lightweight, breathable fabrics that meet NFPA Category 2 standards, addressing common complaints of traditional FR garments. The iQ Series includes work shirts, pants, and coveralls with advanced visibility and protection features. Available through UniFirst's rental services, this line represents a significant development in protective clothing for industries exposed to flame hazards.
UniFirst Corporation (NYSE: UNF) is set to sponsor the No. 9 Chevrolet Camaro ZL1 1LE, driven by NASCAR's 2020 Cup Series champion Chase Elliott, at the Buschy McBusch Race 400 on May 2, 2021, in Kansas. This marks the second appearance of the UniFirst Chevrolet for the 2021 season, following a successful debut in March where Elliott finished fifth. The partnership, now in its fifth year, highlights UniFirst's ongoing commitment to motorsports as well as its role as the Official Workwear Provider of Hendrick Motorsports.
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UniFirst Corporation (NYSE:UNF) announced a quarterly cash dividend of $0.25 per share on its Common Stock and $0.20 per share on its Class B Common Stock. These dividends will be paid on June 29, 2021, to shareholders on record as of June 8, 2021. The company, based in Wilmington, Mass., is a leader in uniform and workwear services, outfitting over 2 million workers daily through its extensive network and 14,000 employees.
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UniFirst Corporation (NYSE: UNF) reported a revenue decline of 3.2% to $449.8 million for Q2 2021, impacted by COVID-19 and severe winter storms in Texas. Operating income fell 7.8% to $40.7 million, and net income decreased 6.0% to $32.6 million. Diluted EPS dropped from $1.82 to $1.71. Core laundry operations saw a 3.4% revenue decline to $398.2 million, while specialty garments revenues decreased 2.1% to $35.2 million. The company maintains a strong balance sheet with no long-term debt and $509.6 million in cash. Guidance for FY 2021 projects revenues between $1.793 billion and $1.803 billion.
UniFirst Corporation (NYSE: UNF) will announce its Fiscal 2021 second quarter results on March 31, 2021, before market opening. A conference call led by the company will occur at 9:00 a.m. ET on the same day. This call aims to discuss financial outcomes, business highlights, and future outlook. Participants may also address queries about financial trends and forecasts, which might include previously undisclosed information.
Investors can access a live webcast of the call via the company’s investor relations page.
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