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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 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.
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.
UniFirst Corporation (NYSE: UNF) is set to report its Fiscal 2020 fourth quarter results on October 21, 2020, before the market opens. The company will host a conference call at 9:00 a.m. ET on the same day to discuss financial results, business highlights, and future outlook. During this call, UniFirst may address questions on financial developments and earnings forecasts, offering potentially undisclosed information. UniFirst operates across North America, servicing over 2 million workers daily through its extensive network.
The No. 9 UniFirst Chevrolet Camaro ZL1 1LE, driven by Chase Elliott, will compete in the South Point 400 on September 27, 2020, at Las Vegas Motor Speedway. This marks its final appearance of the 2020 NASCAR season. UniFirst, a leader in uniform services, is the primary sponsor for select races this season. Elliott previously won the NASCAR All-Star Race and is currently fifth in the playoff standings. The partnership with Hendrick Motorsports continues to thrive as UniFirst supplies uniforms to both the racing team and its parent automotive group.
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