Unifirst Corp

UNF

Equity

ISIN US9047081040 / Valor 979670

New York Stock Exchange, Inc (2025-03-14)

USD 204.51+0.96%

Unifirst Corp
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About company

Unifirst Corp is a leading uniform rental and facility service company in North America, offering a wide range of uniforms, protective clothing, custom corporate image apparel, and facility service programs to businesses across various industries. With a strong presence in the market, Unifirst Corp caters to the needs of businesses looking to enhance their corporate image and provide their employees with high-quality workwear. The company's services are designed to help businesses maintain a professional appearance while ensuring the safety and comfort of their employees.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

In the fourth quarter of fiscal 2024, UniFirst Corp reported consolidated revenues of $639.9 million, marking an 11.9% increase compared to the previous year. The additional week in the quarter contributed approximately 8.0% to this revenue growth.

Income and Earnings

UniFirst Corp's operating income for Q4 2024 rose significantly by 49.8% to $54.0 million. Net income also saw a substantial increase of 61.5%, reaching $44.6 million. Diluted earnings per share climbed to $2.39, up from $1.47 in the prior year, representing a 62.6% increase.

Full Year Financial Performance

For the full fiscal year 2024, UniFirst Corp achieved consolidated revenues of $2.427 billion, an 8.7% rise from the previous year. The company's net income for the year increased by 40.3% to $145.5 million, with diluted earnings per share growing to $7.77 from $5.53, a 40.5% increase.

Segment Performance

In Q4 2024, UniFirst Corp's Core Laundry Operations reported a revenue increase of 11.7% to $564.1 million. The Specialty Garments segment also experienced growth, with revenues rising by 12.3% to $46.5 million, driven by cleanroom operations and U.S. nuclear operations.

Financial Outlook

Looking ahead to fiscal 2025, UniFirst Corp expects revenues to range between $2.425 billion and $2.445 billion. The company anticipates fully diluted earnings per share to be between $6.79 and $7.19, factoring in estimated costs of $16.0 million related to its Key Initiatives.

Summarized from source with an LLMView Source

Key figures

21.8%1Y

16.6%3Y

20.5%5Y

Performance

34.7%1Y

29.2%3Y

32.3%5Y

Volatility