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Unifirst - UNF STOCK NEWS

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Overview of UniFirst Corporation

UniFirst Corporation (NYSE: UNF) stands as a prominent North American provider in the domains of managed uniform programs, workwear solutions, and facility service products. Known for its deep integration of manufacturing and service operations, the company offers a comprehensive suite of services that cater to a wide array of industries including industrial, commercial, and specialized sectors such as cleanroom and nuclear environments.

Business Model and Core Operations

At its core, UniFirst generates revenue through managed rental, lease, and purchase programs. Its well-integrated business model combines direct sales, comprehensive uniform rental programs, and ancillary services like cleaning, maintenance, and logistical support. The company’s approach enables it to maintain a continuous service cycle that outfits a vast network of businesses, ensuring that employees have access to clean, safe, and professional attire on a daily basis.

Manufacturing and Product Portfolio

UniFirst is not only a service provider but also a manufacturer of its own branded workwear and protective garments. Operating ISO-9001-certified manufacturing facilities, the company designs and produces a variety of uniforms, protective clothing, and floorcare products. This dual role of manufacturer and service provider offers significant control over quality and supply chain efficiency, ensuring that it meets both industry standards and the unique requirements of its diverse customer base.

Service Segments and Specialized Programs

UniFirst’s operations are segmented into several key areas:

  • Uniform Rental and Cleaning: This segment provides comprehensive uniform rental and cleaning services, ensuring that businesses can maintain a professional appearance while complying with hygiene standards.
  • Manufacturing: The company designs and manufactures uniforms and non-garment items, emphasizing quality control and operational efficiency.
  • Speciality Garments: Focused on sectors with specialized requirements, this segment caters to nuclear, cleanroom, and other high-hygiene environments, offering designated cleaning services and custom garment programs.
  • First Aid and Safety Services: UniFirst also provides first aid supplies and safety products, reinforcing its portfolio of solutions aimed at workplace safety and regulatory compliance.

Operational Excellence and Market Position

UniFirst has established itself as a trusted partner for over hundreds of thousands of business customers across North America and beyond. Its expansive network of service locations reinforces its market presence, and the company’s robust processes—from garment manufacturing to delivery and cleaning—exemplify its commitment to operational excellence. This systematic approach helps to solidify its position in a competitive market while addressing a wide variety of customer needs.

Competitive Landscape and Differentiators

Within the competitive landscape of uniform and workwear service providers, UniFirst differentiates itself through its integrated service offerings and manufacturing capabilities. By managing both production and delivery, the company is able to maintain consistent quality and achieve economies of scale that benefit its extensive customer base. Additionally, its focus on niche markets such as cleanroom and nuclear garment programs provides a tailored service that few competitors can match.

Commitment to Quality and Service

Quality and reliability are at the heart of UniFirst's operations. The company adheres to strict manufacturing standards and employs a customer-centric philosophy that ensures service continuity and client satisfaction. Through the use of advanced cleaning technologies and robust logistical networks, UniFirst efficiently manages the uniform lifecycle, from production to daily service delivery.

Community and Stakeholder Engagement

Beyond its core business operations, UniFirst demonstrates a commitment to its employees and local communities. The company actively supports educational initiatives and employee development through scholarship programs and community services. Such endeavors not only enhance the company’s reputation as a responsible corporate citizen but also foster long-term loyalty among its workforce and stakeholders.

Comprehensive Industry Expertise

UniFirst’s deep expertise is reflected in its systematic approach to solving complex service delivery challenges in uniform management and workplace safety. The company continues to uphold high standards in both manufacturing and service provision, a strategy that is evident in its seamless integration of various business segments. The scalability of its operations and its continuous commitment to quality underscore its role as a critical supplier in the ecosystem of workplace management solutions.

This comprehensive view of UniFirst Corporation provides valuable insights for market researchers and investors seeking to understand the company’s business model, operational strengths, and its competitive role within the broader industry arena.

News
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UniFirst (UNF) declares regular quarterly cash dividends for its Common Stock and Class B Common Stock. The dividends of $0.330 per share for Common Stock and $0.264 per share for Class B Common Stock are payable on June 28, 2024. UniFirst is a leader in uniform and workwear programs, facility services, and specialized garment programs.
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UniFirst (UNF) partners with Hendrick Motorsports for a special race at Martinsville Speedway, featuring a ruby red paint scheme to mark Hendrick's 40th anniversary. The race, set for April 7, will showcase the No. 9 UniFirst Chevrolet Camaro ZL1 driven by Chase Elliott. UniFirst's strong relationship with Hendrick Motorsports is highlighted, with the race paying tribute to the team's legacy and past victories at Martinsville.
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UniFirst (UNF) reports strong Q2 2024 results with revenue growth of 8.8% to $590.7 million. Operating income increased by 34.9% to $27.9 million. Net income rose to $20.5 million, up 14.9% from the prior year. Earnings per share grew by 14.7% to $1.09. EBITDA also saw a significant increase to $62.5 million. The company's Core Laundry Operations and Specialty Garments segments showed positive growth. UniFirst remains debt-free with $101.9 million in cash and short-term investments. The company reaffirmed its fiscal 2024 revenue guidance of $2.415 billion to $2.425 billion and earnings per share between $6.80 and $7.16.
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UniFirst (UNF) partners with Hendrick Motorsports to debut No. 9 UniFirst Chevrolet Camaro ZL1 driven by Chase Elliott at Richmond Raceway for the 2024 NASCAR season. The primary sponsorship extends to five races, showcasing the company's signature green color and logo designs on the car and fire suits.
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UniFirst Corporation (NYSE: UNF) will release its Fiscal 2024 second quarter results on March 27, 2024, followed by a conference call to discuss financial performance and business outlook. Headquartered in Wilmington, Mass., UniFirst is a leader in uniform and workwear programs, facility services, and safety supplies.
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UniFirst Corporation (NYSE: UNF) declares regular quarterly cash dividends of $0.330 per share on the Company's Common Stock and $0.264 per share on the Company's Class B Common Stock. Both dividends are payable on March 29, 2024 to shareholders of record on March 8, 2024. UniFirst is a North American leader in the supply and servicing of uniform and workwear programs, facility service products, as well as first aid and safety supplies and services. The Company also manages specialized garment programs for the cleanroom and nuclear industries, and manufactures its own branded workwear, protective clothing, and floorcare products at its five company-owned ISO-9001-certified manufacturing facilities. UniFirst outfits more than 2 million workers every day.
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UniFirst Corporation (NYSE: UNF) reported strong first quarter financial results, with a 9.5% increase in consolidated revenues to $593.5 million. Operating income rose by 22.4% to $53.1 million, and net income increased by 24.6% to $42.3 million. Diluted earnings per share also saw a significant increase of 24.9% to $2.26. The company's financial outlook for fiscal 2024 remains positive, with expected revenues between $2.415 billion and $2.435 billion and diluted earnings per share between $6.52 and $7.16.
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UniFirst Corporation (UNF) announces primary race sponsorship schedule for 2024 NASCAR season with 14-time champions Hendrick Motorsports. No. 9 UniFirst Chevrolet Camaro ZL1 to appear in five races, up from three last year. UniFirst reveals distinctive paint scheme and fire suits for the upcoming season.
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UniFirst Corporation (NYSE: UNF) will report its Fiscal 2024 first quarter results on January 3, 2024. The Company is a North American leader in the supply and servicing of uniform and workwear programs, facility service products, as well as first aid and safety supplies and services. With more than 270 service locations, over 300,000 customer locations, and 16,000-plus employee Team Partners, the Company outfits more than 2 million workers every day.
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UniFirst Corporation declares increased dividends and authorizes share repurchase program
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FAQ

What is the current stock price of Unifirst (UNF)?

The current stock price of Unifirst (UNF) is $175.36 as of April 1, 2025.

What is the market cap of Unifirst (UNF)?

The market cap of Unifirst (UNF) is approximately 3.2B.

What is the core business of UniFirst Corporation?

UniFirst Corporation focuses on providing managed uniform programs, workwear solutions, and facility services. It serves multiple industries through rental, lease, and purchase programs while also manufacturing its own branded products.

How does UniFirst generate its revenue?

Revenue is generated from a combination of uniform rental and cleaning services, direct sales of manufactured products, and specialized service programs catering to niche markets such as cleanroom and nuclear industries.

What industries does UniFirst primarily serve?

UniFirst serves a wide range of industries including industrial sectors, commercial enterprises, and specialized markets like cleanroom environments and nuclear facilities, providing tailored uniform and safety solutions.

How does UniFirst differentiate itself in a competitive market?

UniFirst differentiates itself through its fully integrated model which combines both manufacturing and comprehensive service delivery, ensuring consistent quality and efficiency across its uniform and workwear programs.

What are the key segments of UniFirst’s operations?

The company operates through several key segments including uniform rental and cleaning, manufacturing of workwear, specialty garment programs, and provision of first aid and safety supplies. Each segment is designed to meet specific market needs.

How does UniFirst ensure quality and service continuity?

Quality and continuity are maintained through ISO-certified manufacturing facilities, advanced cleaning and maintenance processes, and a customer-centric approach that emphasizes consistent service delivery and operational excellence.

What value does UniFirst provide to its business customers?

UniFirst offers a comprehensive solution that spans uniform supply, customized service programs, and continuous operational support. This integrated model helps businesses maintain a professional image while ensuring employee safety and compliance with industry standards.
Unifirst

NYSE:UNF

UNF Rankings

UNF Stock Data

3.24B
14.90M
0.74%
98.89%
0.85%
Specialty Business Services
Services-personal Services
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United States
WILMINGTON