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) partners with Hendrick Motorsports to introduce a redesigned No. 9 Chevrolet Camaro ZL1 1LE, driven by 2020 Cup Series Champion Chase Elliott, debuting on March 14, 2021. The new design prominently features UniFirst's signature green color, aiming to enhance visibility on the track. Elliott, who had a successful 2020 season with five wins, is currently fourth in the 2021 Cup Series standings. This marks the fifth year of UniFirst’s partnership with Hendrick Motorsports, highlighting its role as the official workwear provider.
UniFirst Corporation (NYSE: UNF), a leader in customized work uniform programs, highlights the importance of hygienically clean laundering in its uniform rental services amid the COVID-19 pandemic. As hygiene becomes a priority, UniFirst's managed uniform programs help reduce cross-contamination risks, especially in the healthcare sector. The company emphasizes the numerous benefits of its services, including cost savings, enhanced employee image, tailored fitting, and regular maintenance.
With over 2 million workers outfitted daily, UniFirst positions itself as a crucial partner for businesses seeking safe and effective uniform solutions.
UniFirst Corporation (NYSE: UNF) has introduced a new paint scheme for the UniFirst No. 9 Chevrolet Camaro ZL1 1LE, which will be driven by NASCAR champion Chase Elliott in three races during 2021. This update features a vibrant green color, aligning with UniFirst's rebranding efforts. Celebrating a successful 2020 season, Elliott secured the NASCAR Cup Series championship and a win at the All-Star Race. The redesigned car will debut on March 14 at Phoenix Raceway. UniFirst continues as the primary sponsor for the team, marking their fifth year of partnership with Hendrick Motorsports.
The Board of Directors of UniFirst Corporation (NYSE: UNF) has declared quarterly cash dividends of $0.25 per share for Common Stock and $0.20 per share for Class B Common Stock. These dividends will be payable on March 30, 2021, to shareholders recorded by March 9, 2021. Headquartered in Wilmington, Mass., UniFirst specializes in uniform and workwear programs, as well as facility service programs, servicing over 2 million workers daily. The company operates 260 service locations and employs over 14,000 Team Partners.
UniFirst Corporation (NYSE: UNF) reported a 4.0% decrease in Q1 revenues to $446.9 million and a 6.7% decline in operating income to $56.0 million for the quarter ending November 28, 2020. Net income fell 13.2% to $41.9 million, with diluted EPS at $2.20, down from $2.52. The Core Laundry Operations segment saw a 5.6% revenue drop, impacted by COVID-19, while the Specialty Garments segment grew by 14.2%. The company maintains a strong balance sheet with $473 million in cash and no long-term debt, but has suspended guidance due to ongoing uncertainties.
UniFirst Corporation (NYSE: UNF) will release its Fiscal 2021 first quarter financial results on January 6, 2021, prior to market opening. The company will host a conference call at 9:00 a.m. ET on the same day to discuss the financial results, business highlights, and outlook. This call may include undisclosed insights regarding earnings forecasts and financial trends. UniFirst is a leader in uniform and workwear programs, servicing over 2 million workers daily across 260 locations and managing 300,000 customer sites in North America.
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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 Class B Common Stock. These dividends will be payable on January 4, 2021, to shareholders of record by December 7, 2020. Operating as a leader in uniform and workwear supply, UniFirst supports over 2 million workers daily, facilitated by over 260 service locations and 300,000 customer sites across North America.
UniFirst Corporation (NYSE: UNF) reported its fourth quarter and full year results for fiscal 2020, revealing a 10.6% decrease in quarterly revenues to $428.6 million, and a 30.8% decline in net income to $31.6 million, or $1.66 per diluted share. Full year revenues were $1.804 billion, down 0.3%, with net income at $135.8 million, a 24.2% decrease. The company anticipates Q1 2021 revenues between $433.0 million and $443.0 million, highlighting challenges due to COVID-19.
UniFirst Corporation (NYSE: UNF) has donated over 250,000 protective face masks to support small business revitalization across North America. This initiative, aimed at helping businesses safely reopen post-lockdown, involved partnerships with chambers of commerce in over 25 regions. The donation addresses critical PPE shortages faced by small businesses during the pandemic. UniFirst, which has a strong history of community support, emphasizes the importance of aiding local economies for the health and safety of employees and customers. For more details, visit UniFirst.com.
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