UniFirst Corp ( (UNF) ) has released its Q3 earnings. Here is a breakdown of the information UniFirst Corp presented to its investors.
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UniFirst Corporation, a leader in the uniform and workwear industry, provides comprehensive services and products, including facility services and safety supplies, across North America. The company recently released its financial results for the third quarter of fiscal 2025, highlighting a modest increase in consolidated revenues by 1.2% to $610.8 million. Despite a slight decrease in operating income by 0.6%, net income saw a rise of 4.3% to $39.7 million, with diluted earnings per share increasing by 4.9% to $2.13.
Key financial metrics from the report indicate that UniFirst’s adjusted EBITDA grew by 1.2% to $85.8 million, supported by a $2.8 million gain from the sale of a non-operating property. The company faced increased costs related to its CRM and ERP projects, impacting operating income and adjusted EBITDA. Core Laundry Operations, a significant segment, reported a revenue increase of 0.9% to $533.2 million, with organic growth at 1.1%.
The company maintained a strong balance sheet with $211.9 million in cash and equivalents, and cash flows from operating activities totaling $196.5 million for the first nine months of fiscal 2025. UniFirst also repurchased $13.6 million of its common stock during the quarter. Looking ahead, the company has raised its diluted earnings per share guidance to a range of $7.60 to $8.00, reflecting confidence in its ongoing initiatives.
In conclusion, UniFirst Corporation remains optimistic about its financial trajectory, maintaining its annual revenue guidance and adjusting its earnings expectations upward. The company continues to focus on strategic investments and operational efficiency to drive future growth, despite external economic uncertainties.