Unifirst Corp - UNF STOCK NEWS

UniFirst (NYSE: UNF) reported strong Q4 and fiscal 2024 results. Q4 consolidated revenues increased 11.9% to $639.9 million, with operating income up 49.8% to $54.0 million. Net income rose 61.5% to $44.6 million, with diluted EPS increasing 62.6% to $2.39.

For fiscal 2024, full-year revenues reached $2.427 billion, up 8.7%. Operating income increased 37.4% to $183.6 million, with net income rising 40.3% to $145.5 million. The company projects fiscal 2025 revenues between $2.425-2.445 billion with EPS guidance of $6.79-7.19.

UniFirst (NYSE: UNF), a leader in business uniform programs and facility services, will be at the Charlotte Motor Speedway ROVAL on October 13 for the NASCAR Cup Series playoff race. Chase Elliott, driving the UniFirst No. 9 Chevrolet Camaro ZL1, enters the race eighth in playoff standings. This event marks the final appearance of the season for the UniFirst No. 9 Chevrolet with its green scheme.

UniFirst will continue its partnership with Hendrick Motorsports next season, serving as the primary sponsor for five races in the 2025 NASCAR Cup Series and maintaining its role as an associate sponsor throughout the entire season. The race begins at 2 p.m. ET on NBC, with Elliott aiming to advance to the Round of 8 in the playoffs.

UniFirst (NYSE:UNF) has unveiled a new 65,000-square-foot uniform service and processing facility in Liverpool, New York, serving the Syracuse market. This state-of-the-art facility replaces a smaller structure on the same site, marking 70 years of service in the Central New York region. The new plant processes 220,000 pounds of textiles weekly, using less than 1.5 gallons of water per pound of product.

The facility incorporates advanced sustainability features, including a Dissolved Air Flotation (DAF) system for wastewater treatment, high-efficiency systems, LED lighting, and eco-friendly cleaning detergents. Employing 91 local residents, UniFirst plans to expand its workforce as the business grows. The grand opening event is scheduled for October 9, featuring a ribbon-cutting ceremony and facility tour.

UniFirst (NYSE: UNF), a leading North American supplier of uniform and workwear programs, facility service products, and safety supplies, has issued a statement addressing recent industry rumors. The company confirmed that it had contacted Elis SA to inquire about rumors regarding Elis's potential entry into the U.S. market. UniFirst clarified that these discussions were not intended to solicit an offer and have since concluded.

UniFirst stated that it does not anticipate further discussions with Elis. The company expressed enthusiasm about its ongoing investments in people, technology, and infrastructure, emphasizing its belief in its significant long-term potential.

UniFirst (NYSE:UNF), in partnership with Hendrick Motorsports, will be at Kansas Speedway on September 29 for the NASCAR Cup Series playoff race. Chase Elliott will drive the UniFirst No. 9 Chevrolet Camaro ZL1 in the opening race of the Round of 12. Elliott is currently seventh in the playoff standings, six points above the elimination line.

The UniFirst No. 9 Chevy will feature the company's signature green color with racing-inspired black and white accents. Elliott and the race team will wear matching fire suits. The UniFirst No. 9 will make its final appearance of the season at the Charlotte ROVAL on October 13.

This marks the eighth year of UniFirst's partnership with Hendrick Motorsports and the fifth year sponsoring Elliott and the No. 9 team. UniFirst serves as the Official Workwear Provider for Hendrick Motorsports and Hendrick Automotive Group.

UniFirst (NYSE: UNF) has announced significant leadership changes. Kelly Rooney has been appointed as Chief Operating Officer (COO), effective September 30, 2024. Rooney, with over 25 years of experience in B2B route-based operations, will oversee UniFirst's day-to-day operations, focusing on growth, customer service, and operational efficiencies.

Additionally, Michael Croatti, Executive Vice President, will transition from his current role in November 2024 after a 35-year career with the company. Croatti, son of former UniFirst CEO Ron Croatti, will remain involved in a consulting capacity, collaborating on key customer and industry partnerships.

CEO Steve Sintros expressed enthusiasm for Rooney's appointment and gratitude for Croatti's continued involvement, emphasizing UniFirst's commitment to driving success while maintaining strong values and relationships.

UniFirst (NYSE: UNF), a leading North American supplier of uniform and workwear programs, will announce its Fiscal 2024 fourth quarter results on October 23, 2024 before the market opens. The company will host a conference call at 9:00 a.m. Eastern Time on the same day to discuss quarterly financial results, business highlights, and outlook.

UniFirst may also address questions about business and financial developments, trends, earnings forecasts, and other matters during the call. The event will be accessible via a live webcast and replay at http://investors.unifirst.com. With over 270 service locations, 300,000+ customer locations, and 16,000+ employees, UniFirst outfits more than 2 million workers daily.

UniFirst (NYSE:UNF) has announced the grand opening of its new state-of-the-art uniform service and processing facility in London, Ontario. The 56,000 square-foot facility, located at 2365 Innovation Drive, is designed to enhance uniform services across Southwestern Ontario, serving nearly 2000 customers in industries such as healthcare, hospitality, food processing, and manufacturing.

The facility features advanced processing technology for optimized uniform cleaning, maintenance, and delivery, while incorporating environmentally friendly features. It will employ approximately 80 local residents, contributing to the region's economic growth. The grand opening event is scheduled for September 10, with a ribbon-cutting ceremony at 11 a.m. ET, attended by London Mayor Josh Morgan and other dignitaries.

UniFirst (NYSE:UNF) has announced the 2024 recipients of the Aldo Croatti and Ronald D. Croatti Scholarships. The company has awarded nearly $1 million in financial support since the scholarships' inception. This year, 12 Aldo Croatti Scholarships totaling $22,000 were granted to children of full-time UniFirst employees for undergraduate studies. Additionally, 12 Ronald D. Croatti Scholarships amounting to $33,740 were awarded to full-time UniFirst employees pursuing undergraduate or graduate studies.

The Aldo Croatti Scholarship, honoring UniFirst's founder, has provided over $500,000 since 2004. The Ronald D. Croatti Scholarship, established in 2015, has given over $350,000 to support employees' educational aspirations. UniFirst President and CEO Steven Sintros emphasized the company's commitment to investing in the education and development of team members and their families.