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.
UniFirst (NYSE: UNF) reported strong Q2 2025 financial results with consolidated revenues increasing 1.9% to $602.2 million. The company saw notable improvements in profitability with operating income rising 11.7% to $31.2 million and net income growing 19.6% to $24.5 million.
Key financial metrics include:
- Diluted EPS increased 20.2% to $1.31
- Adjusted EBITDA rose 6.3% to $68.9 million
- Core Laundry Operations revenue grew 1.5% to $530.4 million
- Cash flow from operations improved 20.2% to $128.3 million
The company maintains a strong balance sheet with $201.0 million in cash and no long-term debt. Management updated fiscal 2025 guidance, projecting revenues between $2.422-2.432 billion and diluted EPS of $7.30-7.70.
Cintas (CTAS) has announced the termination of discussions with UniFirst (UNF) regarding a proposed acquisition. The offer valued UniFirst at $275.00 per share in cash, representing a 46% premium over UniFirst's ninety-day average closing price as of January 6, 2025.
According to CEO Todd Schneider, despite several weeks of engagement with UniFirst and its advisors, the companies were unable to reach an agreement on key transaction terms. Cintas maintains that the proposed deal would have delivered significant value for both customers and shareholders.
Moving forward, Cintas will continue its growth strategy through disciplined M&A activities and investments in technology initiatives to drive innovation and efficiency.
UniFirst (NYSE:UNF) has announced a groundbreaking ceremony for a major expansion of its Owensboro, Kentucky Distribution and Fulfillment Center. The $28 million investment will add 109,000 square feet to the facility, bringing its total size to 469,000 square feet.
The facility, which currently employs over 520 local Team Partners, is North America's largest personalization and emblem manufacturing operation, processing over 20 million garments annually. The expansion will feature advanced robotics, smart conveyors, and a new Warehouse Management System.
Construction will begin in March 2025, with partial occupancy expected by October 2025 and full completion by early 2026. The project includes sustainable features such as high-efficiency HVAC systems and LED lighting. The facility holds both ISO 9001 certification and OSHA's VPP Star certification.
UniFirst (NYSE:UNF) has unveiled its redesigned No. 9 Chevrolet Camaro for the 2025 NASCAR Cup Series season. The new design will debut at Homestead-Miami Speedway on March 23, 2025, driven by Chase Elliott, the 2020 Cup Series champion.
The car features UniFirst's signature green color scheme with gray tones, racing stripes, and the company's U-Mark symbol. It will appear in five races during the 2025 season:
- March 23 - Homestead-Miami Speedway
- April 6 - Darlington Raceway
- June 8 - Michigan International Speedway
- August 16 - Richmond Raceway
- October 5 - Charlotte Motor Speedway ROVAL
A special throwback scheme will be featured at Darlington Raceway, combining UniFirst's brand style with NASCAR heritage. This marks the 10th year of UniFirst's partnership with Hendrick Motorsports and sixth year sponsoring Elliott and the No. 9 team.
UniFirst (NYSE: UNF) has scheduled to announce its Fiscal 2025 second quarter financial results on April 2, 2025 before market opening. The company will host a conference call at 9:00 a.m. Eastern Time on the same day to discuss quarterly results, business highlights, and outlook.
The conference call will include discussions about business and financial developments, earnings forecasts, and other company matters, potentially revealing previously undisclosed information. A live webcast and replay will be available at http://investors.unifirst.com.
UniFirst is a North American leader in uniform and workwear programs, facility services, and safety supplies. The company operates 5 ISO-9001-certified manufacturing facilities, serves over 300,000 customer locations through 270 service locations, and employs 16,000-plus Team Partners, outfitting more than 2 million workers daily.
UniFirst (UNF) has announced a $28-million expansion of its Owensboro, Kentucky Distribution and Fulfillment Center. The project includes a 110,000-square-foot addition to the existing 360,000-square-foot facility, implementing advanced robotics technology and a streamlined ordering system.
The facility, which opened in 1998, currently ships over 20 million garments annually and serves businesses across various industries. The expansion aims to optimize operations, enhance order accuracy, and deliver more customized solutions for UniFirst's customer base, which includes over two million workers daily at 300,000+ customer locations through more than 270 service facilities across North America.
UniFirst (NYSE:UNF), a leading North American provider of business uniform programs and facility services, has released its FY 2024 Environmental, Social, and Governance (ESG) Report. The report outlines the company's ongoing sustainability and responsible business initiatives.
CEO Steven Sintros emphasized that serving people who do hard work remains central to UniFirst's ESG strategy. The report highlights several key areas of progress, including:
- Energy management improvements and efficiency initiatives
- Innovative waste reduction and recycling programs
- Enhanced workplace safety measures
- Efforts to increase management diversity and foster an inclusive workplace culture
The comprehensive report demonstrates UniFirst's commitment to supporting its Team Partners, customers, and communities while building lasting stakeholder value. The full FY 2024 ESG Report is available on the company's website.
UniFirst (NYSE:UNF) has announced its Board of Directors' declaration of regular quarterly cash dividends. Shareholders will receive $0.350 per share on Common Stock and $0.280 per share on Class B Common Stock. Both dividends will be paid on March 28, 2025, to shareholders of record as of March 7, 2025.
UniFirst is a North American leader in uniform and workwear programs, facility service products, and first aid and safety supplies. The company operates through 270 service locations, serves over 300,000 customer locations, and employs 16,000-plus Team Partners. UniFirst maintains five ISO-9001-certified manufacturing facilities where it produces branded workwear, protective clothing, and floorcare products, outfitting more than 2 million workers daily.
UniFirst (NYSE: UNF) reported its Q1 2025 financial results with consolidated revenues increasing 1.9% to $604.9 million. Operating income rose 4.5% to $55.5 million, while net income grew 1.8% to $43.1 million. Diluted earnings per share increased 2.2% to $2.31.
The Core Laundry Operations segment saw revenues increase 1.7% to $532.7 million, with an operating margin improvement to 8.1%. Specialty Garments revenue grew 2.9% to $45.9 million. The company maintained a strong financial position with $181.0 million in cash and no long-term debt.
For fiscal 2025, UniFirst projects revenues between $2.425 billion and $2.440 billion, with expected diluted earnings per share between $6.79 and $7.19.
UniFirst (NYSE: UNF) has confirmed its Board of Directors' unanimous rejection of an unsolicited acquisition proposal from Cintas received in November and December 2024. The proposal offered to acquire all outstanding common and Class B shares at $275.00 per share.
After careful review with independent advisors, the Board determined the proposal was not in the best interests of UniFirst, its shareholders, and stakeholders. The decision was based on the offer price, execution and business risks, feedback from major shareholders, and the company's future growth prospects. The Board and management team expressed confidence in their current strategy and commitment to creating shareholder value.
J.P. Morgan Securities and Paul Hastings LLP are serving as financial and legal advisors, respectively.