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UNIFIRST (UNF)

Executive leadership at UNIFIRST.

Board of directors at UNIFIRST.

Recent press releases and 8-K filings for UNF.

UniFirst Files Preliminary Proxy Statement, Recommends Against Engine Capital Nominees
UNF
Board Change
Proxy Vote Outcomes
  • UniFirst Corporation filed its preliminary proxy statement on November 12, 2025, for the upcoming 2026 Annual Meeting of Shareholders.
  • The Board of Directors nominated CEO Steven S. Sintros and Audit Committee Chairman Joseph M. Nowicki for election; Raymond C. Zemlin will retire, and Mr. Nowicki is expected to be appointed Chairman of the Board.
  • The Board recommends shareholders vote FOR UniFirst's director nominees and AGAINST the two director candidates proposed by Engine Capital Management, LP.
7 days ago
UniFirst Reports Q4 2025 Results and Provides FY 2026 Outlook
UNF
Earnings
Guidance Update
New Projects/Investments
  • UniFirst reported fiscal year 2025 revenues of $2.432 billion, an increase of 2.1% compared to fiscal 2024 after adjusting for an additional week of operations.
  • The company expects fiscal year 2026 to reflect a temporary step back in profitability, primarily due to investments in sales, service, and the Oracle ERP system, as well as the anticipated impact of tariffs, which are estimated to collectively impact margins by 80-90 basis points.
  • The First Aid and Safety Solutions segment achieved nearly 10% growth in fiscal 2025 and anticipates double-digit expansion again in fiscal 2026, with revenues expected to be up approximately 10%.
  • Long-term strategic goals include driving organic growth to mid-single digits and improving EBITDA margins into the high teens.
Oct 22, 2025, 1:00 PM
UniFirst Reports Q4 and Full-Year 2025 Results, Provides Fiscal 2026 Guidance
UNF
Earnings
Guidance Update
New Projects/Investments
  • UniFirst reported full-year fiscal 2025 revenues of $2.432 billion, representing a 2.1% increase compared to fiscal 2024 after adjusting for an additional week of operations in the prior year.
  • For Q4 2025, consolidated revenues were $614.4 million and diluted earnings per share (EPS) was $2.23.
  • The company provided fiscal year 2026 guidance, expecting revenues between $2.475 billion and $2.495 billion and diluted EPS between $6.58 and $6.98.
  • UniFirst is making significant investments in technology (ERP), sales, and service to accelerate organic growth and improve customer retention, which are anticipated to create margin headwinds in fiscal 2026.
  • During fiscal 2025, UniFirst repurchased approximately 402,000 shares of common stock for $70.9 million.
Oct 22, 2025, 1:00 PM
UniFirst Corporation Announces Q4 and Full Fiscal Year 2025 Financial Results and Fiscal 2026 Guidance
UNF
Earnings
Guidance Update
Share Buyback
  • UniFirst Corporation reported Q4 2025 consolidated revenues of $614.4 million and diluted earnings per share of $2.23, compared to $639.9 million and $2.39, respectively, in the prior year. Excluding the impact of an extra week of operations in fiscal 2024, Q4 2025 consolidated revenues increased 3.4%.
  • For the full fiscal year 2025, consolidated revenues were $2.432 billion, an increase of 0.2% from the prior year, and diluted earnings per share increased to $7.98 from $7.77.
  • The company provided fiscal 2026 guidance, expecting revenues between $2.475 billion and $2.495 billion and fully diluted earnings per share between $6.58 and $6.98.
  • In fiscal 2025, UniFirst repurchased 402,415 shares of Common Stock for approximately $70.9 million and paid $24.6 million in dividends to shareholders.
  • Costs directly attributable to Key Initiatives (CRM and ERP projects) in fiscal 2025 amounted to $6.8 million, which decreased full-year diluted earnings per share by $0.28.
Oct 22, 2025, 12:41 PM
UniFirst Corporation Enters Third Amended and Restated Credit Agreement
UNF
Debt Issuance
  • UniFirst Corporation entered into a Third Amended and Restated Credit Agreement on August 12, 2025, with Bank of America, N.A. and other lenders, amending and restating a previous agreement.
  • The agreement establishes a $300,000,000 unsecured, revolving credit facility, with $150,000,000 available for letters of credit.
  • The facility is scheduled to mature on August 12, 2030.
  • UniFirst Corporation may request an increase in aggregate commitments of up to $100,000,000, potentially bringing the total aggregate commitment to $400,000,000, subject to certain conditions.
  • As of August 12, 2025, the current interest rate for Secured Overnight Financing Rate (SOFR) borrowings is SOFR plus 1.00%, based on the Company's consolidated funded debt ratio.
Aug 14, 2025, 12:00 AM
UniFirst Announces Q3 2025 Financial Results and Updated Guidance
UNF
Earnings
Guidance Update
Share Buyback
  • UniFirst Corporation reported Q3 2025 consolidated revenues of $610.8 million, an increase of 1.2%, with net income rising 4.3% to $39.7 million and diluted earnings per share increasing 4.9% to $2.13.
  • The company maintained its annual revenue guidance for fiscal 2025 between $2.422 billion and $2.432 billion but raised its diluted earnings per share guidance to a range of $7.60 to $8.00.
  • During the third quarter of fiscal 2025, UniFirst repurchased $13.6 million of its Common Stock, with $86.4 million remaining under its existing share repurchase authorization as of May 31, 2025.
  • Q3 2025 results were impacted by $1.0 million in costs related to Key Initiatives (CRM and ERP projects) and benefited from a $2.8 million gain on the sale of a non-operating property.
Jul 2, 2025, 12:00 AM
UniFirst Q2 2025 Earnings and Financial Results Update
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Earnings
Guidance Update
Share Buyback
Revenue Acceleration/Inflection
  • Consolidated revenues reached $602.2 million in Q2 2025, up 1.9% YoY, with operating income of $31.2M and net income of $24.5M [0,4].
  • Adjusted EBITDA increased by 6.3%, while net income grew 19.6% YoY and EPS stood at $1.31 [0,4].
  • Operating cash flow improved by 20.2% to $128.3 million, underlining enhanced efficiency .
  • Core Laundry Operations generated $530.4M in revenue with improved operating margins, while Specialty Garments reported $44.4M amid margin pressures .
  • Strategic investments in technology, sourcing, and workforce training are driving improved margins, supported by significant capital expenditures of $66.1M and a $12.5M share repurchase .
  • The company provided fiscal 2025 guidance, expecting revenues between $2.422B and $2.432B and diluted EPS between $7.30 and $7.70, accounting for adjustments in Key Initiative costs [2,5].
Apr 2, 2025, 1:01 PM
UniFirst Reports Solid Q1 2025 Results, Rejects Cintas Takeover Proposal
UNF
Earnings
Guidance Update
M&A
  • Q1 revenue reached $604.9 million, up 1.9% year-over-year, with operating income increasing by 4.5% and adjusted EBITDA by 5.9%.
  • The Board unanimously rejected the unsolicited Cintas proposal, citing concerns over offer price, business risk, shareholder feedback, and future growth opportunities.
  • Operating cash flows improved by 27.3%, and ongoing investments, including an ERP project and strategic sourcing initiatives, are expected to enhance future profitability.
  • Full-year guidance for 2025 projects revenue between $2.425 billion and $2.44 billion and diluted EPS between $6.79 and $7.19, reflecting continued operational focus.
Jan 8, 2025, 2:01 PM
UniFirst Reports Q1 2025 Financial Results
UNF
Earnings
Revenue Acceleration/Inflection
Share Buyback
  • Q1 Results: UniFirst reported consolidated revenues of $604.9 million, operating income of $55.5 million, and net income of $43.1 million with diluted EPS at $2.31 for the quarter ended November 30, 2024.
  • Cash and Share Repurchase: The company enhanced its cash flow from operations to $58.1 million and repurchased 33,605 shares of common stock for $6.4 million, with no long-term debt outstanding.
  • Fiscal 2025 Guidance: The outlook projects fiscal 2025 revenues between $2.425 billion and $2.440 billion and diluted EPS between $6.79 and $7.19, reflecting continued investment in key initiatives.
Jan 8, 2025, 12:00 AM

Recent SEC filings and earnings call transcripts for UNF.

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