WILMINGTON, Mass., Dec. 22, 2025 (GLOBE NEWSWIRE) -- UniFirst Corporation (the “Company” or “UniFirst”) (NYSE: UNF) today confirmed it received an unsolicited, non-binding proposal from Cintas Corporation (“Cintas”) (NASDAQ: CTAS) to acquire all the outstanding UniFirst common and Class B shares for $275.00 per share in cash on December 12, 2025. Upon receipt of Cintas’ proposal, the UniFirst Board of Directors, engaged independent financial and legal advisors. Consistent with its fiduciary duties and in co ...

WILMINGTON, Mass., Dec. 15, 2025 (GLOBE NEWSWIRE) -- UniFirst Corporation (the “Company” or “UniFirst”) (NYSE: UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, today announced that the preliminary vote count from the Company’s proxy solicitor indicates that the Company’s nominees, Steven S. Sintros and Joseph M. Nowicki, were re-elected to the UniFirst Board of Directors (the “Board”) at the Company’s Annual Meeting ...

Core Points - UniFirst Corporation has declared increased quarterly cash dividends of $0.365 per share for Common Stock and $0.292 per share for Class B Common Stock, payable on January 2, 2026 [1] Company Overview - UniFirst Corporation is a North American leader in supplying and servicing uniform and workwear programs, facility service products, and first aid and safety supplies [2] - The company operates five ISO-9001-certified manufacturing facilities and manages specialized garment programs for the cleanroom and nuclear industries [2] - With over 270 service locations and more than 300,000 customer locations, UniFirst outfits over 2 million workers daily [2]

Core Viewpoint - UniFirst Corporation is set to report its Fiscal 2025 fourth quarter results on October 22, 2025, and will hold a conference call to discuss financial results and outlook [1]. Group 1: Financial Reporting - The company will announce its fourth quarter results before the market opens on October 22, 2025 [1]. - A conference call is scheduled for 9:00 a.m. Eastern Time on the same day to discuss quarterly financial results and business highlights [1]. Group 2: Company Overview - UniFirst Corporation is a North American leader in uniform and workwear supply, facility service products, and safety supplies [3]. - The company operates five ISO-9001-certified manufacturing facilities and manages specialized garment programs for cleanroom and nuclear industries [3]. - With over 270 service locations and more than 300,000 customer locations, UniFirst outfits over 2 million workers daily [3].

Core Financial Highlights - UniFirst Corporation reported consolidated revenues of $610.8 million for Q3 2025, an increase of 1.2% compared to $603.3 million in Q3 2024 [7] - Operating income decreased slightly by 0.6% to $48.2 million, while net income increased by 4.3% to $39.7 million from $38.1 million in the prior year [7][13] - Diluted earnings per share rose to $2.13, up 4.9% from $2.03 in the previous year [7][13] Key Initiatives and Costs - The company incurred approximately $1.0 million in costs related to its Key Initiatives in Q3 2025, compared to $3.9 million in Q3 2024 [3][18] - These costs negatively impacted the operating and Adjusted EBITDA margins of Core Laundry Operations by 0.2% and 0.7%, respectively, for both fiscal years [3][18] Segment Performance - Core Laundry Operations generated revenues of $533.2 million, reflecting a 0.9% increase, while the Adjusted EBITDA margin remained unchanged at 13.5% [8][17] - Specialty Garments and First Aid segments also showed revenue growth of 0.5% and 9.1%, respectively, contributing to the overall revenue increase [17] Financial Outlook - The company maintains its annual revenue guidance between $2.422 billion and $2.432 billion, while raising its diluted earnings per share guidance to a range of $7.60 to $8.00 [5] - The updated guidance reflects an assumption that Key Initiative costs will be approximately $7.5 million for fiscal 2025, revised from previous estimates [5] Balance Sheet and Cash Flow - As of May 31, 2025, cash, cash equivalents, and short-term investments totaled $211.9 million, up from $161.6 million at the end of the previous fiscal year [9][15] - Cash flows from operating activities for the first nine months of fiscal 2025 were $196.5 million, indicating strong operational performance [9][22]

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]

Core Insights - UniFirst Corporation will participate in the Baird 2025 Global Consumer, Technology & Services Conference on June 4, 2025, with a presentation scheduled for 9:40am Eastern Time [1] - The presentation will cover business highlights and recent trends affecting UniFirst [1] Company Overview - UniFirst Corporation is a North American leader in uniform and workwear supply and servicing, as well as facility service products and first aid supplies [2] - The company operates five ISO-9001-certified manufacturing facilities and manages specialized garment programs for cleanroom and nuclear industries [2] - UniFirst has over 270 service locations, serves more than 300,000 customer locations, and employs over 16,000 Team Partners, outfitting over 2 million workers daily [2]

Core Financial Highlights - Consolidated revenues for Q2 2025 increased by 1.9% to $602.2 million compared to $590.7 million in Q2 2024 [6] - Operating income rose to $31.2 million, reflecting an increase of 11.7% from the previous year [6] - Net income increased to $24.5 million, up 19.6% from $20.5 million in the prior year [6] - Diluted earnings per share increased to $1.31, a rise of 20.2% from $1.09 in the prior year [6] - Adjusted EBITDA increased to $68.9 million, a 6.3% increase from $64.8 million in the prior year [6] Segment Performance - Core Laundry Operations revenues increased by 1.5% to $530.4 million, with an organic growth of 1.9% [7] - Adjusted EBITDA margin for Core Laundry Operations improved to 11.2% from 10.3% [7] - Specialty Garments segment revenues were $44.4 million, up 2.2%, but operating margin decreased to 16.7% from 22.8% due to increased costs [8] Key Initiatives Impact - Costs related to Key Initiatives (CRM and ERP projects) were approximately $1.9 million in Q2 2025 and $3.2 million in Q2 2024, impacting margins [2][18] - The Key Initiatives decreased Core Laundry Operations' operating margin and Adjusted EBITDA margin by 0.3% and 0.6%, respectively, for both quarters [18] Balance Sheet and Cash Flow - Cash, cash equivalents, and short-term investments totaled $201.0 million as of March 1, 2025 [8] - The company had no long-term debt outstanding as of March 1, 2025 [8] - Cash flow from operating activities was $128.3 million in the first half of fiscal 2025, a 20.2% increase over the prior year [8] Financial Outlook - The company expects revenues for fiscal 2025 to be between $2.422 billion and $2.432 billion, reflecting the anticipated negative impact of the Canadian Dollar exchange rate [9] - Diluted earnings per share are projected to be between $7.30 and $7.70, with Key Initiative costs expected to approximate $12.0 million [9]