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Unifirst Corporation

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. It operates in three segments: Uniform & Facility Service Solutions; First Aid & Safety Solutions; and Other. The company offers uniforms, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; specialized protective wear comprising flame resistant and high visibility garments; and first aid cabinet services and other safety supplies, as well as safety training services. It also engages in the rent and sale of non-garment items and services that include industrial wiping products, floor mats, dry and wet mops, and other textile products, as well as the wholesale distribution and pill packaging operations for non-prescription medicines. In addition, the company provides garment service options, including full-service rental and lease programs. Further, it offers restroom and cleaning supplies, such as air fresheners, paper products, gloves, masks, hand soaps, and sanitizers. Additionally, it provides specialized services, including decontamination and cleaning of work clothes and other items that have been exposed to radioactive materials and services special cleanroom protective wear. The company serves automobile service centers and dealers, delivery services, food and general merchandise retailers, manufacturers, maintenance facilities, restaurants and food-related businesses, business service companies, soft and durable goods wholesalers, transportation companies, energy producing operations, and healthcare providers, as well as others that require employee clothing on the job for image, identification, protection, or utility purposes. UniFirst Corporation was founded in 1936 and is headquartered in Wilmington, Massachusetts.

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Cintas CEO Sells Shares to Cover Taxes Amid UniFirst Deal Review

Cintas CEO Todd M. Schneider sold 35,599 shares of company stock on August 10 in a non-discretionary sell-to-cover transaction to satisfy tax withholding obligations tied to vesting restricted stock awards. The sale was valued at $7.2 million based on a weighted average price of $202.71 per share, leaving Schneider with 691,407 directly held shares and 3,466 indirectly held shares. His combined stake of 694,873 shares was worth about $140.9 million at the time, representing close to 0.2% of the company, which has a market capitalization of $82.1 billion. The filing comes as Cintas pursues its acquisition of rival UniFirst, a deal currently under an FTC second request that could reshape the uniform services industry if approved. Cintas reported fiscal fourth-quarter revenue of $2.91 billion, up 8.9% year over year, with a record 51% gross margin.
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Cintas reports 8.9% revenue growth in fiscal Q4, guides for continued expansion in 2027

Cintas Corporation reported fourth-quarter fiscal 2026 revenue of $2.91 billion, an 8.9% increase from the prior year, with organic growth of 8.4%. Adjusted diluted earnings per share rose 18.3% to $1.29, while full-year revenue reached approximately $11.26 billion, up 8.9%, and adjusted diluted EPS was $4.94, a 12.3% increase. The company provided fiscal 2027 guidance for revenue between $12.1 billion and $12.25 billion and adjusted diluted EPS of $5.36 to $5.50, implying 8.5% to 11.3% growth. CEO Todd Schneider noted that the pending acquisition of UniFirst remains on track, with shareholder approval received in June and regulatory clearance expected in the second half of calendar 2026. CFO Scott Garula said fiscal 2027 incremental margins are expected in the 30% to 32% range, with an effective tax rate similar to the 20.2% recorded in fiscal 2026.
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Cintas shares jump to four-month high after earnings beat and strong outlook

Cintas shares climbed as much as 6.7% on Wednesday, reaching their highest level in four months, after the uniform and workplace services provider reported fiscal fourth-quarter results that exceeded Wall Street expectations and issued a stronger-than-expected outlook for the new fiscal year. Fourth-quarter revenue rose 8.9% to $2.91 billion, beating the consensus estimate of $2.87 billion, while adjusted earnings of $1.29 a share topped the $1.24 estimate. Gross margin reached a record-equalling 51.0%, and operating income increased 12.7% to $673 million. The company forecast fiscal 2027 revenue of $12.10 billion to $12.25 billion, representing growth of 7.4% to 8.7% over fiscal 2026, and adjusted diluted earnings per share of $5.36 to $5.50, excluding any contribution from the pending UniFirst acquisition. Cintas said UniFirst shareholders approved the proposed acquisition in June and that both companies received a second request for information from the Federal Trade Commission, with the deal still expected to close in the second half of calendar 2026.
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UniFirst declares regular quarterly cash dividends

UniFirst Corporation's Board of Directors declared regular quarterly cash dividends of $0.365 per share on its Common Stock and $0.292 per share on its Class B Common Stock. Both dividends are payable on September 25, 2026 to shareholders of record on September 4, 2026.
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General Mills, FactSet, MSC Industrial, UniFirst rise on earnings beats

Several companies posted gains after reporting quarterly earnings that exceeded analyst expectations. General Mills jumped 8.5% after fourth-quarter fiscal 2026 earnings of $0.95 per share beat the Zacks Consensus Estimate of $0.82. FactSet Research Systems rose 6.7% as third-quarter fiscal 2026 earnings of $4.53 per share topped the $4.44 estimate. MSC Industrial Direct gained 3.7% after third-quarter fiscal 2026 earnings of $1.43 per share surpassed the $1.28 estimate. UniFirst advanced 0.8% following third-quarter 2026 earnings of $2.17 per share, above the $1.93 estimate.
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UniFirst Q3 earnings beat estimates, revenue tops $634 million

UniFirst reported quarterly earnings of $2.17 per share, surpassing the Zacks Consensus Estimate of $1.93 per share by 12.44%. Revenue came in at $634.4 million, exceeding the consensus estimate by 1.28% and up from $610.78 million a year ago. The company has beaten EPS estimates in three of the last four quarters and topped revenue estimates in all four. UniFirst shares have gained about 37.1% year to date, outperforming the S&P 500's 9.6% advance.
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UniFirst Q2 CY2026 revenue beats estimates but EPS misses sharply

UniFirst reported second-quarter fiscal 2026 revenue of $634.4 million, exceeding analyst expectations of $628 million and representing 3.9% year-on-year growth. However, GAAP earnings per share came in at $1.09, a 42.1% miss against the consensus estimate of $1.88. Adjusted EBITDA was $82.59 million, slightly below the forecast of $84.82 million, while the operating margin contracted to 3.6% from 7.9% a year earlier. CEO Steven Sintros highlighted solid growth and profitability, attributing performance to the strength of the company's service-driven business and disciplined execution.
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UniFirst third-quarter profit falls as merger costs hit bottom line

UniFirst Corporation reported fiscal third-quarter net income of $19.9 million, or $1.09 per diluted share, down from $39.7 million, or $2.13 per share, a year earlier, as $20.7 million in costs tied to its pending acquisition by Cintas Corporation weighed on results. Consolidated revenues rose 3.9% to $634.4 million, driven by organic growth in the core Uniform & Facility Service Solutions segment, while operating income fell to $23.0 million from $48.2 million. The company also recorded $5.2 million in costs related to its enterprise resource planning project, compared with $1.0 million in the prior-year quarter. UniFirst shareholders approved the Cintas deal on June 11, 2026, and the companies are cooperating with a Federal Trade Commission second request for information, with the transaction expected to close in the second half of calendar 2026.
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Truist cuts Cintas price target to $225 but stays bullish on UniFirst acquisition

Truist lowered its price target on Cintas Corporation to $225 from $255 while reiterating a Buy rating. The firm said the reduction reflects a continued overhang on the stock but still sees strong strategic value in the proposed UniFirst acquisition, which Cintas expects to close in the second half of 2026. Cintas forecast fiscal 2026 revenue of $11.21 billion to $11.24 billion, representing total growth of 8.4% to 8.7%, and adjusted diluted earnings per share of $4.86 to $4.90, growth of 10.5% to 11.4%. The adjusted EPS guidance excludes one-time transaction-related costs tied to the UniFirst deal that are expected to reduce fiscal 2026 diluted EPS by about $0.03 to $0.04, with those expenses occurring in the fourth quarter. The guidance assumes constant foreign exchange rates, net interest expense of roughly $101 million, and an effective tax rate of 20%.
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UniFirst to Report Third Quarter Results July 1 Without Conference Call

UniFirst Corporation will report its financial results for the third quarter of fiscal 2026 on July 1, 2026, before the market opens. Due to its pending transaction with Cintas Corporation, the company will not hold a quarterly conference call or provide an update to guidance.
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