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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 (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.
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