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.
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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.