Core Insights - UniFirst Corporation reported a first quarter revenue increase of 2.7% to $621.3 million compared to $604.9 million in the same period last year, driven by organic growth in its core Uniform & Facility Service Solutions segment [6][22] - The company experienced a decline in operating margin to 7.3% from 9.2% in the prior year, attributed to planned investments in growth and digital transformation initiatives [6][22] - Net income decreased to $34.4 million from $43.1 million year-over-year, with diluted earnings per share dropping to $1.89 from $2.31 [6][22] Financial Performance - Consolidated revenues for the first quarter of fiscal 2026 were $621.3 million, a 2.7% increase from $604.9 million in fiscal 2025 [6][22] - Operating margin fell to 7.3% from 9.2% in the previous year, reflecting the impact of growth investments [6][22] - Net income was reported at $34.4 million, down from $43.1 million, with diluted earnings per share at $1.89 compared to $2.31 [6][22] Segment Performance - The Uniform & Facility Service Solutions segment generated revenues of $565.9 million, reflecting a 2.4% organic growth [7][22] - The First Aid & Safety Solutions segment saw a revenue increase of 15.3% to $30.2 million, while the Other segment's revenue decreased by 2.9% to $25.2 million [7][22] - Operating income for the Uniform & Facility Service Solutions segment was $41.8 million, with an operating margin of 7.4% [22][29] Capital Allocation and Shareholder Returns - The company repurchased $31.7 million of its common stock in the first quarter and declared a quarterly cash dividend of $0.365 per share, marking the eighth consecutive year of dividend growth [3][14] - As of November 29, 2025, UniFirst had cash and cash equivalents of $129.5 million and no long-term debt [14][20] Financial Outlook - UniFirst reaffirmed its full-year fiscal 2026 guidance, projecting consolidated revenues between $2.475 billion and $2.495 billion and fully diluted earnings per share between $6.58 and $6.98 [9][10]

Core Viewpoint - UniFirst Corporation is set to report its Fiscal 2026 first quarter results on January 7, 2026, and will hold a conference call to discuss financial results and outlook [1] Company Overview - UniFirst Corporation, headquartered in Wilmington, Massachusetts, is a leader in North America for uniform and workwear programs, facility service products, and first aid and safety supplies [3] - The company operates specialized garment programs for cleanroom and nuclear industries and manufactures its own branded workwear and protective clothing at five ISO-9001-certified facilities [3] - UniFirst has 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 [3]

Core Viewpoint - UniFirst Corporation announced the preliminary vote count indicating the re-election of Steven S. Sintros and Joseph M. Nowicki to the Board of Directors during the Annual Meeting of Shareholders [1]. Group 1: Board and Management Statements - The Board expressed appreciation for the active dialogue with shareholders and emphasized the commitment to constructive engagement aimed at enhancing shareholder value [2]. - The Board remains open-minded and will continue to make decisions believed to be in the best interest of all UniFirst shareholders [2]. Group 2: Election Results - The results announced are preliminary and will be finalized and certified by the independent Inspector of Elections, with final results to be reported on a Form 8-K filed with the Securities and Exchange Commission [3]. Group 3: Company Overview - UniFirst Corporation, headquartered in Wilmington, Massachusetts, is a leader in providing uniform and workwear programs, facility service products, and first aid and safety services in North America [4]. - The company 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].

Core Points - UniFirst Corporation filed its preliminary proxy statement for the 2026 Annual Meeting of Shareholders, recommending shareholders vote for its director nominees and expressing confidence in its long-term growth strategy [1][3][4] Group 1: Board of Directors - The Board nominated CEO Steven S. Sintros and Audit Committee Chairman Joseph M. Nowicki for election, while Raymond C. Zemlin will retire after his term [2] - The Board recommends shareholders vote against the nominees proposed by Engine Capital Management, LP, advocating for its own candidates instead [3] - The current Board consists of seven directors, five of whom are independent, with expertise in finance, operations, technology, and other relevant areas [5] Group 2: Strategic Focus - The Company emphasizes a clear strategy focused on investing in people, technology, and infrastructure to drive growth and profitability [4] - The Board is committed to refreshing its composition, having appointed three new independent directors in the past three years [5] Group 3: Proxy Materials - UniFirst's preliminary proxy materials are available on the SEC's website, and definitive materials will be mailed to eligible shareholders [6] - Shareholders are advised to disregard any proxy materials from Engine Capital and to use the WHITE proxy card provided by UniFirst [6] Group 4: Company Overview - UniFirst is a North American leader in providing customized business uniform programs, facility service products, and first aid and safety services, with over 270 service locations and more than 2 million workers outfitted daily [8]

Core Insights - UniFirst Corporation reported its fourth quarter and full year financial results for fiscal 2025, highlighting a solid performance despite the absence of an extra operational week compared to the previous fiscal year [1][4]. Financial Highlights - Q4 2025 revenues were $614.4 million, down from $639.9 million in Q4 2024, but increased by 3.4% when excluding the impact of the extra week in the prior year [6][11]. - Full year revenues for fiscal 2025 reached $2.432 billion, a slight increase of 0.2%, with a 2.1% increase when excluding the extra week [6][11]. - Operating income for Q4 2025 was $49.6 million, compared to $54.0 million in Q4 2024, while full year operating income was $184.5 million, up 0.5% from the previous year [6][11]. - Net income for Q4 2025 was $41.0 million, down from $44.6 million in Q4 2024, while full year net income increased to $148.3 million from $145.5 million [6][11]. Segment Performance - The Uniform & Facility Service Solutions segment reported Q4 revenues of $560.1 million, a decrease from $586.0 million in the prior year, with organic growth of 2.9% attributed to new account sales and improved customer retention [6][11]. - The First Aid & Safety Solutions segment saw revenues of $31.1 million in Q4 2025, up from $29.3 million in Q4 2024, reflecting a strong organic growth of 12.4% [12]. - Adjusted EBITDA margin for the Uniform & Facility Service Solutions segment was 14.3% in Q4 2025, down from 14.9% in Q4 2024, impacted by investments in growth and digital transformation [6][8]. Cost and Investment Insights - Costs related to Key Initiatives, including CRM and ERP projects, amounted to $1.4 million in Q4 2025 and $6.8 million for the full year, affecting operating and Adjusted EBITDA margins [3][4][7]. - The company anticipates $7.0 million in costs related to Key Initiatives for fiscal 2026 [10]. Balance Sheet and Cash Flow - As of August 30, 2025, cash and cash equivalents totaled $203.5 million, an increase from $161.6 million in the prior year [12][17]. - Cash flow from operating activities increased to $296.9 million in fiscal 2025, reflecting a 0.5% growth [12][22]. - The company repurchased 402,415 shares for approximately $70.9 million during fiscal 2025, with $40.6 million remaining under its share repurchase authorization [12][22]. Future Outlook - For fiscal 2026, UniFirst expects revenues between $2.475 billion and $2.495 billion, with fully diluted earnings per share projected between $6.58 and $6.98 [10][12].

Company Overview - UniFirst Corporation is a North American leader in the supply and servicing of uniform and workwear programs, facility service products, and first aid and safety supplies and services [3] - The company manages specialized garment programs for the cleanroom and nuclear industries and manufactures its own branded workwear and protective clothing at five ISO-9001-certified manufacturing facilities [3] - UniFirst operates more than 270 service locations and serves over 300,000 customer locations, outfitting more than 2 million workers daily with a workforce of over 16,000 employees [3] Upcoming Financial Reporting - UniFirst Corporation will report its Fiscal 2025 third quarter results on July 2, 2025, before the market opens [1] - A conference call will be held at 9:00 a.m. Eastern Time on the same day to discuss quarterly financial results, business highlights, and outlook [1] - The company may address questions regarding business and financial developments, earnings forecasts, and other relevant matters, potentially including undisclosed information [1]