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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.
UniFirst Corporation (NYSE:UNF) announced a quarterly cash dividend of $0.25 per share on its Common Stock and $0.20 per share on its Class B Common Stock. These dividends will be paid on June 29, 2021, to shareholders on record as of June 8, 2021. The company, based in Wilmington, Mass., is a leader in uniform and workwear services, outfitting over 2 million workers daily through its extensive network and 14,000 employees.
UniFirst Corporation (NYSE: UNF) reported a revenue decline of 3.2% to $449.8 million for Q2 2021, impacted by COVID-19 and severe winter storms in Texas. Operating income fell 7.8% to $40.7 million, and net income decreased 6.0% to $32.6 million. Diluted EPS dropped from $1.82 to $1.71. Core laundry operations saw a 3.4% revenue decline to $398.2 million, while specialty garments revenues decreased 2.1% to $35.2 million. The company maintains a strong balance sheet with no long-term debt and $509.6 million in cash. Guidance for FY 2021 projects revenues between $1.793 billion and $1.803 billion.
UniFirst Corporation (NYSE: UNF) will announce its Fiscal 2021 second quarter results on March 31, 2021, before market opening. A conference call led by the company will occur at 9:00 a.m. ET on the same day. This call aims to discuss financial outcomes, business highlights, and future outlook. Participants may also address queries about financial trends and forecasts, which might include previously undisclosed information.
Investors can access a live webcast of the call via the company’s investor relations page.
UniFirst Corporation (NYSE: UNF) partners with Hendrick Motorsports to introduce a redesigned No. 9 Chevrolet Camaro ZL1 1LE, driven by 2020 Cup Series Champion Chase Elliott, debuting on March 14, 2021. The new design prominently features UniFirst's signature green color, aiming to enhance visibility on the track. Elliott, who had a successful 2020 season with five wins, is currently fourth in the 2021 Cup Series standings. This marks the fifth year of UniFirst’s partnership with Hendrick Motorsports, highlighting its role as the official workwear provider.
UniFirst Corporation (NYSE: UNF), a leader in customized work uniform programs, highlights the importance of hygienically clean laundering in its uniform rental services amid the COVID-19 pandemic. As hygiene becomes a priority, UniFirst's managed uniform programs help reduce cross-contamination risks, especially in the healthcare sector. The company emphasizes the numerous benefits of its services, including cost savings, enhanced employee image, tailored fitting, and regular maintenance.
With over 2 million workers outfitted daily, UniFirst positions itself as a crucial partner for businesses seeking safe and effective uniform solutions.
UniFirst Corporation (NYSE: UNF) has introduced a new paint scheme for the UniFirst No. 9 Chevrolet Camaro ZL1 1LE, which will be driven by NASCAR champion Chase Elliott in three races during 2021. This update features a vibrant green color, aligning with UniFirst's rebranding efforts. Celebrating a successful 2020 season, Elliott secured the NASCAR Cup Series championship and a win at the All-Star Race. The redesigned car will debut on March 14 at Phoenix Raceway. UniFirst continues as the primary sponsor for the team, marking their fifth year of partnership with Hendrick Motorsports.
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.
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