Core Financial Performance - UniFirst Corporation reported adjusted earnings of $2.40 per share for Q1 fiscal 2025, exceeding the Zacks Consensus Estimate of $2.27, but down from $2.46 per share in the same quarter last year [1] - Total revenues for the company were $605 million, aligning with consensus estimates and reflecting a year-over-year increase of 1.9% [1] Segment Performance - Revenues from the Core Laundry Operations segment rose 1.7% year over year to $532.7 million, slightly above the consensus estimate of $532 million, with an operating margin increase of 10 basis points to 8.1% [3] - The Specialty Garments segment saw a 2.9% year-over-year revenue increase to $45.9 million, driven by growth in European and North American nuclear operations, although the operating margin decreased by 60 basis points to 26.5% [4] - Revenues from the First Aid segment increased by 5.4% year over year to $26.2 million, below the consensus estimate of $28.8 million, but the EBITDA margin improved by 600 basis points to 4.8% [5] Cost and Margin Analysis - The cost of sales decreased by 0.7% year over year to $381.1 million, while selling and administrative expenses increased by 8.7% to $133.5 million [6] - Operating income rose to $55.5 million, a 4.5% increase year over year, with the operating margin improving to 9.2% from 9% in the previous year [6] Balance Sheet and Cash Flow - At the end of Q1 fiscal 2025, UniFirst had cash and cash equivalents of $166.2 million, up from $161.6 million at the end of fiscal 2024, with no long-term debt outstanding [7] - The company generated net cash of $58.1 million from operating activities in the first three months of fiscal 2025, compared to $27.3 million in the same period last year [7] Shareholder Returns - UniFirst rewarded shareholders with a dividend payment of $5.9 million, reflecting a year-over-year increase of 5.8%, and repurchased shares worth $6.4 million [8] Major Corporate Development - On January 7, 2025, UniFirst's board rejected Cintas Corporation's acquisition offer of $275 per share, determining it was not in the best interests of the company and its shareholders [9] Fiscal 2025 Outlook - Management projects revenues to be between $2.425 billion and $2.440 billion, with anticipated earnings per share in the range of $6.79 to $7.19 for the fiscal year [10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Massachusetts 04-2103460 (State or Other Jurisdiction of Incorporation or Organization) 68 Jonspin Road, Wilmington, MA 01887 (Address of Principal Executive Offices) (Zip Code) (I.R.S. Employer Identification No.) Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol | Name of each exchange on ...

Investment Recommendation - The analyst recommended a hold rating for UniFirst Corporation (NYSE: UNF) due to concerns about the FY25 performance outlook [1] - The stock was trading at a valuation that raised concerns about its future performance [1] Investment Criteria - An ideal investment should operate in a sector projected to experience structural (organic) growth exceeding GDP growth over the next 5-10 years [1] - The investment should generate profits from sustainable competitive advantages that translate into attractive unit economics [1] - The company should be managed by competent, ethical, and long-term thinkers [1] - The investment should have a fair valuation [1] Disclosure - The analyst has no stock, option, or similar derivative position in any of the companies mentioned and no plans to initiate any such positions within the next 72 hours [1] - The article expresses the analyst's own opinions and is not receiving compensation for it (other than from Seeking Alpha) [1] - The analyst has no business relationship with any company whose stock is mentioned in the article [1]

Financial Data and Key Metrics - The company has not provided specific financial data or key metrics in the provided content [1][2][3][4] Business Line Data and Key Metrics - No specific data or metrics related to individual business lines were mentioned in the provided content [1][2][3][4] Market Data and Key Metrics - No specific market data or key metrics were discussed in the provided content [1][2][3][4] Company Strategy and Industry Competition - The company briefly mentioned news regarding Cintas Corporation, but no specific details about strategy or industry competition were provided [4] Management Commentary on Operating Environment and Future Outlook - The company included a disclaimer about forward-looking statements, indicating that future results may differ materially from current expectations due to various risk factors [3] Other Important Information - The call was conducted in listen-only mode until the completion of prepared remarks [2] Q&A Session Summary - No Q&A session details were provided in the content [1][2][3][4]

For the quarter ended November 2024, UniFirst (UNF) reported revenue of $604.91 million, up 1.9% over the same period last year. EPS came in at $2.40, compared to $2.38 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $604.83 million, representing a surprise of +0.01%. The company delivered an EPS surprise of +5.73%, with the consensus EPS estimate being $2.27.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

UniFirst (UNF) came out with quarterly earnings of $2.40 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.73%. A quarter ago, it was expected that this uniform provider would post earnings of $2.05 per share when it actually produced earnings of $2.46, delivering a surprise of 20%.Over the last four quarters, the company has ...

Financial Performance - Consolidated revenues for Q1 2025 increased by 1.9% to $604.9 million compared to the prior year [6] - Operating income rose by 4.5% to $55.5 million, while net income increased by 1.8% to $43.1 million [6] - Diluted earnings per share grew by 2.2% to $2.31, and Adjusted EBITDA increased by 5.9% to $94.0 million [6] - The quarterly tax rate increased to 25.6% from 23.4% in the prior year [6] Segment Performance - Core Laundry Operations revenues increased by 1.7% to $532.7 million, with organic growth also at 1.7% [7] - Specialty Garments revenues grew by 2.9% to $45.9 million, driven by growth in European and North American nuclear operations [8] - Core Laundry Operations' Adjusted EBITDA margin improved to 14.8% from 14.4%, while Specialty Garments' operating margin decreased to 26.5% from 27.1% [7][8] Key Initiatives Impact - Costs related to CRM and ERP projects (Key Initiatives) totaled $2.5 million in Q1 2025, decreasing Core Laundry Operations' operating and Adjusted EBITDA margins by 0.5% [2][18] - The company expects $16.0 million in costs directly attributable to Key Initiatives for fiscal 2025 [9] Balance Sheet and Cash Flow - Cash, cash equivalents, and short-term investments totaled $181.0 million as of November 30, 2024, with no long-term debt outstanding [8] - Cash flow from operating activities increased by 27.3% to $58.1 million in Q1 2025 [8] - The company repurchased 33,605 shares of Common Stock for $6.4 million during the quarter [8] Financial Outlook - The company expects fiscal 2025 revenues to be between $2.425 billion and $2.440 billion, with diluted earnings per share projected between $6.79 and $7.19 [9] - The outlook assumes a constant Canadian exchange rate of $0.74, despite recent declines in the Canadian dollar's value [9]

Acquisition Proposal - UniFirst Corporation received and unanimously rejected an unsolicited, non-binding acquisition proposal from Cintas Corporation at $275 per share for all outstanding common and Class B shares [1] - The Board determined the proposal was not in the best interests of the company, its shareholders, and stakeholders after considering the offer price, execution risks, business risks, feedback from major shareholders, and future growth opportunities [2] Company Strategy and Confidence - UniFirst's Board and management team remain confident in the company's current strategy and its ability to create significant shareholder value [3] - The company is committed to continuing actions aimed at creating value for all shareholders [3] Company Overview - UniFirst Corporation is a North American leader in uniform and workwear programs, facility service products, and first aid and safety supplies and services [4] - The company manages specialized garment programs for the cleanroom and nuclear industries and manufactures its own branded workwear, protective clothing, and floorcare products [4] - UniFirst operates over 270 service locations, serves more than 300,000 customer locations, and employs over 16,000 Team Partners, outfitting more than 2 million workers daily [4] Financial and Legal Advisors - J P Morgan Securities LLC is serving as UniFirst's financial advisor, and Paul Hastings LLP is serving as legal advisor [3]

Wall Street analysts expect UniFirst (UNF) to post quarterly earnings of $2.27 per share in its upcoming report, which indicates a year-over-year decline of 4.6%. Revenues are expected to be $604.83 million, up 1.9% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earnings announcement, it is cruci ...

Dividend Increase and Yield - UniFirst raised its quarterly cash dividend from 33 cents to 35 cents per share, resulting in an annual dividend yield of 0.81% or $1.40 per share [1] - To earn $500 monthly from dividends, an investment of approximately $740,578 or 4,286 shares is required [2] - For $100 monthly, an investment of $148,081 or 857 shares is needed [2] Dividend Yield Calculation - Dividend yield is calculated by dividing the annual dividend payment by the stock's current price [6] - Changes in dividend payment or stock price can impact the yield [4][7] Financial Performance and Projections - UniFirst is expected to report Q1 earnings of $2.22 per share, down from $2.37 per share in the year-ago period [5] - The company projects Q1 revenue of $606.95 million, compared to $593.52 million a year earlier [5] Stock Performance - UniFirst shares fell 2.2% to close at $172.79 on Friday [8]