Unifirst Corp - UNF STOCK NEWS

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.

UniFirst (NYSE:UNF), a leading North American provider of business uniform programs, facility services, and first aid supplies, has been named to Selling Power's 'Best Companies to Sell For' list for the 21st consecutive year. This prestigious list, featuring 60 top companies, highlights those excelling in core areas such as compensation, sales training, diversity, and AI integration in sales processes. UniFirst's commitment to professional growth and a supportive sales culture helped secure its place on the list. The company serves over two million uniform wearers, including more than half of the Fortune 500. UniFirst's accolades also include being recognized by Glassdoor, Forbes, and Newsweek for career opportunities, large employers, and customer service. The company continues to recruit sales talents who thrive in its empowering and growth-oriented environment.

UniFirst (NYSE: UNF) announced that its Board of Directors has declared regular quarterly cash dividends. Shareholders of the Company's Common Stock will receive $0.330 per share, while holders of Class B Common Stock will get $0.264 per share. These dividends are scheduled for payment on September 27, 2024, to those who are recorded as shareholders by September 6, 2024.

UniFirst is a North American leader in providing uniforms, workwear programs, and facility services, including first aid and safety supplies. The company also manages specialized garment programs for cleanroom and nuclear industries. Operating over 270 service locations and employing more than 16,000 individuals, UniFirst serves over 300,000 customer locations daily.

UniFirst (NYSE: UNF) reported strong financial results for Q3 of fiscal 2024, ending May 25, 2024. Consolidated revenues rose 4.6% to $603.3 million, with operating income increasing by 45.1% to $48.5 million. Net income saw a significant rise of 56.8% to $38.1 million, and diluted EPS increased by 57.4% to $2.03.

EBITDA grew 29.0% to $82.5 million, and cash flow from operating activities increased by 35.2% to $193.0 million for the first nine months of 2024. The company's Core Laundry Operations posted a 5.3% revenue growth, while Specialty Garments saw a 3.7% revenue decrease due to nuclear operations.

UniFirst incurred $3.9 million in costs for its CRM and ERP projects, affecting operating income and EBITDA. The company repurchased 47,250 shares for $7.8 million. With no long-term debt, UniFirst expects fiscal 2024 revenues between $2.415 billion and $2.425 billion, and fully diluted EPS between $7.17 and $7.49.

UniFirst (NYSE: UNF) will release its Fiscal 2024 third-quarter results on June 26, 2024, before the market opens. The company will also hold a conference call at 9:00 a.m. Eastern Time on the same day to discuss financial results, business highlights, and future outlook. A live webcast of the conference call will be available at the company's investor relations website.

UniFirst, headquartered in Wilmington, Mass., specializes in supplying and servicing uniform and workwear programs, facility service products, and first aid supplies. The company has over 270 service locations and serves more than 300,000 customer locations with 16,000 employees, outfitting over 2 million workers daily.

UniFirst (NYSE:UNF) held its annual Ronald D. Croatti Memorial Golf Tournament at Black Swan Country Club in Georgetown, MA, raising nearly $50,000 for five local charities. The event, in honor of the late Chairman, CEO, and President Ronald Croatti, attracted more than 90 golfers and 30 corporate sponsors. The raised funds contribute to UniFirst's total charitable donations, now exceeding $200,000. Benefiting charities include Buzz Off for Kids With Cancer and the Greater Boston Food Bank. Steven Sintros, UniFirst's current CEO, expressed gratitude for the sponsors' support and commitment to community service.

UniFirst (NYSE: UNF) executives will participate in the Baird 2024 Global Consumer, Technology & Services Conference on June 6, 2024. They will discuss recent business trends and highlights of UniFirst's operations.

UniFirst is a North American leader in uniform and workwear programs, facility services, first aid and safety products, and specialized garment programs. With over 270 service locations and 300,000 customer locations, UniFirst outfits over 2 million workers daily.

UniFirst (NYSE: UNF) is set to hold a ribbon-cutting ceremony for its new 70,000 square-foot uniform service and processing facility in Taylor, Michigan. The state-of-the-art facility will cater to the growing customer base in the Taylor and Metro Detroit areas, offering personalized service programs for uniforms, workwear, facility service products, and more. The expansion demonstrates UniFirst's commitment to providing exceptional service and innovative textile technologies, supporting energy efficiencies and eco-conscious practices.