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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) has announced the acquisition of Clean Uniform for $300 million, reducing to a net price of about $260 million after tax benefits. Established in 1938, Clean has locations across five states and generates approximately $90 million in annual revenue. This acquisition aims to enhance service offerings and customer experience. UniFirst plans to retain Clean's employees and integrate the businesses strategically. The acquisition, approved by UniFirst's Board, is expected to close in the third fiscal quarter of 2023, pending regulatory approvals. Financial impacts will be discussed in the upcoming quarterly earnings call.
UniFirst Corporation (NYSE: UNF) announced a quarterly cash dividend of $0.310 per share on its Common Stock and $0.248 per share on Class B Common Stock. These dividends are set to be paid on March 30, 2023, to shareholders on record as of March 9, 2023. Headquartered in Wilmington, MA, UniFirst is a leader in uniform and workwear supply, operating over 260 service locations and serving more than 2 million workers daily. The company also provides facility services and safety products.
UniFirst Corporation reported its Q1 2023 financial results, showing a 11.4% increase in revenues to $541.8 million. However, operating income decreased by 3.1% to $43.4 million. Net income rose slightly to $34.0 million, with diluted EPS up 2.3% to $1.81. Excluding costs related to key initiatives, adjusted earnings per share increased by 10.5% to $2.21. Despite challenges in operating margins, particularly within Core Laundry Operations, Specialty Garments segment showed a strong performance. The company maintains a revenue outlook for FY 2023 between $2.145 billion and $2.160 billion.
UniFirst Corporation (NYSE: UNF) plans to announce its Fiscal 2023 first quarter results on January 4, 2023, before market opening. A conference call will follow at 9:00 a.m. Eastern Time on the same day to discuss financial results and business outlook. The company, a leader in uniform and workwear supply, operates over 260 service locations and serves more than 300,000 customers daily. This call may include previously undisclosed information regarding earnings forecasts and financial developments.
UniFirst Corporation (NYSE: UNF) has announced an increase in its quarterly cash dividends, declaring $0.310 per share on Common Stock and $0.248 per share on Class B Common Stock. Both dividends will be payable on January 4, 2023, to shareholders of record by December 7, 2022. As a leader in uniform and workwear services across North America, UniFirst also provides facility services, first aid products, and specialized garment programs, serving over 2 million workers daily from its 260 service locations and 300,000 customer sites.
UniFirst Corporation (NYSE: UNF) unveiled the Spotlite MV visibility workwear collection on October 25, 2022. This innovative line is tailored for active workers, featuring garments that improve mobility and comfort while enhancing visibility. Spotlite MV includes various styles for men and women, equipped with unique reflective striping and breathable, moisture-wicking fabric. Designed for industries like transportation and warehousing, the collection caters to a previously underserved market. With over 300,000 customer locations serviced daily, UniFirst emphasizes quality and style in uniform offerings.
UniFirst Corporation (NYSE: UNF) reported a strong Q4 2022, with revenues rising 11.0% to $516.4 million. However, operating income fell 26.0% to $33.3 million, and net income decreased to $26.2 million, down 24.4%. For the full fiscal year, revenues reached $2.001 billion, a 9.6% increase, but net income dropped 31.6% to $103.4 million. Despite challenges, the company anticipates fiscal 2023 revenues between $2.145 billion and $2.160 billion, with adjusted EPS projected at $7.10 to $7.50, reflecting ongoing investment in key initiatives.
UniFirst Corporation (NYSE: UNF) is set to report its Fiscal 2022 fourth quarter results on October 19, 2022, before the market opens. A conference call will take place at 9:00 a.m. Eastern Time on the same day to discuss financial results and business outlook. The company serves as a leader in uniform and workwear programs across North America, supporting over 2 million workers daily. With over 260 service locations and a significant customer base, UniFirst focuses on providing comprehensive facility and safety service programs.
UniFirst Corporation (NYSE: UNF) has announced a multi-year partnership as an Official Partner and Uniform Supplier for the Pittsburgh Steelers. This collaboration includes promotional activities like in-stadium signage and radio broadcasts. UniFirst’s rebranded delivery trucks will highlight this partnership in the Greater Pittsburgh area. The company, servicing over two million workers daily across the U.S. and Canada, aims to enhance brand visibility through this initiative, which aligns with its ongoing brand evolution efforts.
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