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UniFirst Corporation (NYSE: UNF), headquartered in Wilmington, Mass., stands as a North American leader in providing managed uniform and workwear programs, along with a wide range of ancillary facility services. The company extends its offerings to first aid and safety products and specializes in workwear programs for the cleanroom and nuclear industries. UniFirst also manufactures its own branded work clothing, protective garments, and floorcare products, operating over 250 locations across North America. Serving more than 300,000 business customers, UniFirst employs 14,000 team members and outfits nearly 2 million workers daily through its managed rental, lease, and purchase programs.
The company's core business is divided into several segments: The U.S. and Canadian Rental and Cleaning segment, which rents and sells uniforms and non-garment items while offering cleaning services; the Manufacturing segment, which designs and produces these items; the Specialty Garments segment, targeting the nuclear and cleanroom sectors; and the First Aid segment, providing safety supplies and pill packaging. Lastly, the Corporate segment integrates various associated costs.
UniFirst's mission is to be the foremost provider of quality uniform products and services. This objective fuels its continuous customer focus, enabling growth, equitable returns on investment, and the creation of development opportunities for its employees.
Recently, UniFirst has expanded its footprint by opening a state-of-the-art, 70,000 square-foot uniform service and processing facility in Taylor, Michigan. This new plant, designed to meet the needs of the rapidly growing customer base in the metro Detroit area, incorporates the latest innovations in textile services technologies and automation. The facility emphasizes energy efficiency and environmental sustainability through advanced machinery and eco-friendly cleaning formulas.
UniFirst's partnership with Hendrick Motorsports highlights its involvement in high-profile ventures. For the 2024 NASCAR season, UniFirst will serve as the primary sponsor for five races, featuring Chase Elliott driving the No. 9 UniFirst Chevrolet Camaro ZL1. This partnership signifies UniFirst's commitment to broadening its brand visibility and strengthening relationships within the sports and automotive industries.
For more information on UniFirst’s extensive range of products and services, visit UniFirst.com or contact them at 888.296.2740.
The No. 9 UniFirst Chevrolet Camaro ZL1 1LE, driven by NASCAR champion Chase Elliott, will race for the final time in the 2021 season on August 28 at Daytona International Speedway. As the primary sponsor, UniFirst continues its partnership with Hendrick Motorsports, showcasing a refreshed car design. Elliott currently ranks fifth in points, aiming for better standings before the playoffs. The race is significant for UniFirst as it marks the fifth year of collaboration with Hendrick Motorsports and the second year of sponsoring Elliott.
UniFirst Corporation (NYSE:UNF) has unveiled its new Route Service Representative (RSR) uniforms, marking the first redesign in over 30 years. The new uniforms enhance employee comfort and safety while bolstering the brand image for over 2,400 RSRs. Designed with input from RSRs, the uniforms feature improved mobility, breathability, and safety enhancements. Additionally, the company is rebranding its fleet of over 4,000 vehicles. Old uniforms will either be repurposed or donated, supporting environmental sustainability.
The Board of Directors of UniFirst Corporation (NYSE:UNF) has declared quarterly cash dividends of $0.25 per share on Common Stock and $0.20 per share on Class B Common Stock. These dividends are set for payment on September 28, 2021, to shareholders of record on September 7, 2021. UniFirst, a leader in uniform and workwear programs in North America, serves over 2 million workers daily across 260 service locations. The company also provides first aid and safety products, showcasing its broad service capabilities.
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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