Financial Performance - Consolidated revenues for Q3 2024 increased by 4.6% to $603.3 million compared to $576.7 million in Q3 2023 [6][12] - Operating income rose significantly by 45.1% to $48.5 million, while net income increased by 56.8% to $38.1 million [6][12] - Diluted earnings per share increased to $2.03 from $1.29, reflecting a growth of 57.4% [6][12] - EBITDA for the quarter increased by 29.0% to $82.5 million compared to $64.0 million in the prior year [6][12] Key Initiatives and Costs - The financial results included costs of approximately $3.9 million and $8.4 million related to customer relationship management (CRM) and enterprise resource planning (ERP) projects for Q3 2024 and 2023, respectively [2][14] - Costs associated with the acquisition of Clean Uniform during Q3 2023 amounted to approximately $0.7 million [2][14] - These costs combined decreased Core Laundry Operations' operating margin and EBITDA margin by 0.7% and 1.8%, respectively, for both Q3 2024 and 2023 [14][24] Segment Performance - Core Laundry Operations reported revenues of $528.5 million, reflecting a 5.3% increase, while organic growth was 4.7% [17][18] - The operating margin for Core Laundry Operations improved to 7.0% from 4.2%, and the EBITDA margin increased to 13.1% from 9.9% [6][12][24] - Specialty Garments segment revenues decreased by 3.7% to $47.6 million, primarily due to a decline in nuclear operations [25] Cash Flow and Balance Sheet - Cash, cash equivalents, and short-term investments totaled $125.4 million as of May 25, 2024, with no long-term debt outstanding [3][6] - Cash flow from operating activities increased by 35.2% to $193.0 million for the first nine months of 2024 compared to the prior year [6][12] Financial Outlook - The company expects revenues for fiscal 2024 to be between $2.415 billion and $2.425 billion, with fully diluted earnings per share projected between $7.17 and $7.49 [9][27] - An estimate of $12.0 million in costs related to Key Initiatives is expected to decrease both operating and EBITDA margins by 0.6% [27]

Consolidated revenues for the third quarter increased 4.6% to $603.3 million. Operating income was $48.5 million, an increase of 45.1%. The quarterly tax rate decreased to 22.9% compared to 27.2% in the prior year. Net income increased to $38.1 million from $24.3 million in the prior year, or 56.8%. Diluted earnings per share increased to $2.03 from $1.29 in the prior year, or 57.4%. EBITDA increased to $82.5 million compared to $64.0 million in the prior year, or 29.0%. Cash flow from operating activities ...

Wall Street analysts forecast that UniFirst (UNF) will report quarterly earnings of $1.88 per share in its upcoming release, pointing to a year-over-year increase of 45.7%. It is anticipated that revenues will amount to $600.97 million, exhibiting an increase of 4.2% compared to the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Ahead ...

WILMINGTON, Mass., June 04, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE:UNF) will report its Fiscal 2024 third quarter results on June 26, 2024 before the market opens. The Company will also hold a conference call at 9:00 a.m. Eastern Time on June 26, 2024 to discuss its quarterly financial results, business highlights and outlook. In addition, the Company may answer one or more questions concerning business and financial developments and trends, the Company's view on earnings forecasts and other bu ...

WILMINGTON, Mass., June 04, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) will report its Fiscal 2024 third quarter results on June 26, 2024 before the market opens. The Company will also hold a conference call at 9:00 a.m. Eastern Time on June 26, 2024 to discuss its quarterly financial results, business highlights and outlook. In addition, the Company may answer one or more questions concerning business and financial developments and trends, the Company's view on earnings forecasts and other b ...

"Honors former Chairman, CEO, and President Ronald Croatti on 7th anniversary of his passing" WILMINGTON, Mass., May 23, 2024 /PRNewswire/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, recently held its annual Ronald D. Croatti Memorial Golf Tournament at Black Swan Country Club in Georgetown, Mass. The tournament raised nearly $50,000 this year and attracted more than 90 golfers and ...

u 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 For the quarterly period ended February 24, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-08504 UNIFIRST CORPORATION (Exact name of registrant as specified in its charter) Massachusetts 04-2103460 (State or Other Jurisdicti ...

UniFirst Corporation (NYSE:UNF) Q2 2024 Earnings Conference Call March 27, 2024 9:00 AM ET Company Participants Steven Sintros - President and CEO Shane O'Connor - EVP and CFO Conference Call Participants Ronan Kennedy - Barclays Kartik Mehta - Northcoast Research Luke McFadden - William Blair Andrew Steinerman - JP Morgan Andy Wittmann - Baird Joshua Chan - UBS Operator Hello, and thank you for standing by. Welcome to UniFirst Second Quarter 2024 Earnings Conference Call. At this time, all participants wil ...

Exhibit 99 Shane O'Connor, Executive Vice President & CFO UniFirst Corporation 978-658-8888 shane_oconnor@unifirst.com UNIFIRST ANNOUNCES FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2024 Wilmington, MA – March 27, 2024 – UniFirst Corporation (NYSE: UNF) (the "Company," "UniFirst" or "we") today reported results for its second quarter ended February 24, 2024 as compared to the corresponding period in the prior fiscal year: Q2 2024 Financial Highlights The Company's financial results for the second qua ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Commission file number: 001-08504 UNIFIRST CORPORATION (Exact name of registrant as specified in its charter) Massachusetts 04-2103460 (State or Other Jurisdiction of Incorporation or Organization) 68 Jonspin Road, Wilmington, MA 01887 (Address of Principal Executive Offices) (Zip Code) (978) 658-8888 (Registrant's Telephone Number, Including Area Code) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHA ...