UniFirst Corporation is a leading provider of workplace uniforms and career apparel in North America
The company specializes in the design, manufacturing, and rental of high-quality uniforms and related products, serving a diverse range of industries, including hospitality, healthcare, and industrial sectors. In addition to uniforms, UniFirst offers a variety of facilities services, such as floor mats, restroom supplies, and first-aid products, ensuring comprehensive solutions for maintaining a clean and professional work environment. With a commitment to sustainability and customer satisfaction, UniFirst delivers tailored services that support businesses in enhancing their brand image while streamlining operational efficiencies.
Shares of workplace uniform provider UniFirst (NYSE:UNF) fell 13.7% in the morning session after Cintas terminated talks to acquire the company (UNF) in a deal that would have been worth $275 per share in cash. The offer price represented a premium of 46% over the stock's average trading price before the news of the offer was made public.
Cintas Corporation terminated discussions to acquire Unifirst Corporation for $275/share in cash. Cintas submitted proposal in Jan, but no agreement reached.
WILMINGTON, Mass., March 05, 2025 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) will report its Fiscal 2025 second quarter results on April 2, 2025 before the market opens. The Company will also hold a conference call at 9:00 a.m. Eastern Time on April 2, 2025 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 business and financial matters affecting the Company, some of the responses to which may contain information that has not been previously disclosed.
WILMINGTON, Mass., Jan. 14, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared regular quarterly cash dividends of $0.350 per share (35.0 cents) on the Company's Common Stock and $0.280 per share (28.0 cents) on the Company's Class B Common Stock. Both dividends are payable on March 28, 2025 to shareholders of record on March 7, 2025.
The nation's largest work uniform rental and sales service stock took a tumble despite solid earnings growth and raised guidance. A buying opportunity?
UniFirst reported Q1 2025 results with sales of $604.91M, operating income of $55.5M, and adjusted EPS of $2.40. Cintas offered to acquire UniFirst for $275/share.
WILMINGTON, Mass., Jan. 08, 2025 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the “Company,” “UniFirst” or “we”) today reported results for its first quarter ended November 30, 2024 as compared to the corresponding period in the prior fiscal year:
WILMINGTON, Mass., Jan. 07, 2025 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”) today confirmed that in November and December 2024, its Board of Directors received and unanimously rejected an unsolicited, non-binding and highly conditional proposal from Cintas Corporation to acquire all outstanding common and Class B shares of UniFirst for $275.00 per share.
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