UniFirst

UniFirst Announces Financial Results for the Second Quarter of Fiscal 2024

Retrieved on: 
Wednesday, March 27, 2024
Common stock, Growth, UniFirst, Internet, Acquisition, UNF, Investment, Share repurchase, Hard, Security (finance)

WILMINGTON, Mass., March 27, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the “Company,” “UniFirst” or “we”) today reported results for its second quarter ended February 24, 2024 as compared to the corresponding period in the prior fiscal year:

Key Points: 
  • WILMINGTON, Mass., March 27, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the “Company,” “UniFirst” or “we”) today reported results for its second quarter ended February 24, 2024 as compared to the corresponding period in the prior fiscal year:
    Consolidated revenues for the second quarter increased 8.8% to $590.7 million.
  • The effect of these items on the second quarter of fiscal 2024 and 2023 combined to decrease:
    Both operating income and EBITDA by $3.2 million and $11.1 million, respectively.
  • The Company repurchased 45,250 shares of Common Stock for $7.9 million in the second quarter of fiscal 2024.
  • Weighted average shares outstanding – Diluted for both the second quarter of fiscal 2024 and fiscal 2023 were 18.8 million.

Xos, Inc. Accelerates Growth with Strategic Acquisition of ElectraMeccanica

Retrieved on: 
Tuesday, March 26, 2024
Growth, UniFirst, Entrepreneurship, XOS, Acquisition, National instrument, Arrangement, FedEx Ground, UPS, Related

The all-stock transaction is expected to add approximately $48 million to Xos’ balance sheet and provide growth capital for the company.

Key Points: 
  • The all-stock transaction is expected to add approximately $48 million to Xos’ balance sheet and provide growth capital for the company.
  • The consideration received by ElectraMeccanica shareholders pursuant to the acquisition (the “Arrangement”) was 0.0143739 shares of Xos common stock for each common share of ElectraMeccanica held immediately prior to the consummation of the Arrangement.
  • As a result, following the close of the Arrangement, former shareholders of ElectraMeccanica own approximately 21.0% of Xos.
  • Following completion of the Arrangement, Xos has beneficial ownership and control over 100% of the issued and outstanding common shares of ElectraMeccanica.

No. 9 UniFirst Chevy to sport ruby red scheme at Martinsville Raceway for Hendrick Motorsports' 40th Anniversary

Retrieved on: 
Tuesday, April 2, 2024
Hendrick Motorsports, NASCAR Cup Series, UniFirst, Partnership, FS1, History, EDT, UNF, Marketing, Chevrolet Camaro, Richmond Raceway, NASCAR, Entertainment

9 UniFirst Chevrolet Camaro ZL1, driven by NASCAR Cup Series Champion Chase Elliott, will be decked out in a striking ruby red paint scheme to celebrate Hendrick Motorsports' 40th anniversary.

Key Points: 
  • 9 UniFirst Chevrolet Camaro ZL1, driven by NASCAR Cup Series Champion Chase Elliott, will be decked out in a striking ruby red paint scheme to celebrate Hendrick Motorsports' 40th anniversary.
  • Hendrick chose the eye-catching design to symbolize the traditional 40th anniversary gemstone, adding a historic touch to the race.
  • Martinsville Speedway is the venue of Hendrick Motorsports' first Cup Series victory in 1984.
  • The race will feature all four Hendrick Motorsports Chevrolets adorned in ruby red, signifying unity and tribute to the team's legacy in the sport.

UniFirst No. 9 Chevrolet driven by Chase Elliott makes 2024 NASCAR season debut in Richmond

Retrieved on: 
Monday, March 25, 2024
UniFirst, NASCAR Cup Series, Partnership, UNF, Marketing, Hendrick Motorsports, Chevrolet Camaro, Richmond Raceway, NASCAR, Chase

9 UniFirst Chevrolet Camaro ZL1, driven by 2020 Cup Series champion Chase Elliott, at Richmond Raceway on March 31.

Key Points: 
  • 9 UniFirst Chevrolet Camaro ZL1, driven by 2020 Cup Series champion Chase Elliott, at Richmond Raceway on March 31.
  • This primary sponsorship extends to five races for the 2024 NASCAR season.
  • 9 UniFirst Chevrolet sports the company's distinctive signature green color and logo designs accompanied by racing-inspired black and white accents on the car's exterior.
  • 9 UniFirst Chevy for the 2024 NASCAR season, as it signifies our expanded partnership with Hendrick Motorsports," said David Katz, UniFirst's Executive Vice President of Sales and Marketing.

UniFirst Corporation Plans to Announce Second Quarter Results on March 27, 2024

Retrieved on: 
Friday, March 8, 2024
Personal protective equipment, UNF, UniFirst

WILMINGTON, Mass., March 08, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) will report its Fiscal 2024 second quarter results on March 27, 2024 before the market opens.

Key Points: 
  • WILMINGTON, Mass., March 08, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) will report its Fiscal 2024 second quarter results on March 27, 2024 before the market opens.
  • The Company will also hold a conference call at 9:00 a.m. Eastern Time on March 27, 2024 to discuss its quarterly financial results, business highlights and outlook.
  • Together with its subsidiaries, the Company also manages specialized garment programs for the cleanroom and nuclear industries.
  • In addition to partnering with leading brands, UniFirst manufactures its own branded workwear, protective clothing, and floorcare products at its five company-owned ISO-9001-certified manufacturing facilities.

Sibros Partners with Xos Trucks to Power the Xos Connected Ecosystem for Production Series Class 5 Through 8 Electric Commercial Vans and Trucks

Retrieved on: 
Tuesday, February 13, 2024
Software, SAN, UniFirst, LOS, Transport, Data collection, Software as a service, Ecosystem, OTA, Partnership

The collaboration brings advanced connected fleet capabilities and services to customers of Xos’ first-class electric vehicle lineup.

Key Points: 
  • The collaboration brings advanced connected fleet capabilities and services to customers of Xos’ first-class electric vehicle lineup.
  • Xos’ battery-electric stepvans are already in production with notable fleets such as Loomis, Penske, and UniFirst and will be empowered by Sibros’ Deep Connected Platform.
  • “Teaming up with Xos aligns seamlessly with our mission to advance connected vehicle technology across diverse mobility spectrums.
  • Our Deep Connected Platform is poised to unlock new dimensions of efficiency and innovation within Xos’ commendable electric fleet,” said Hemant Sikaria, CEO of Sibros.

UniFirst Declares Regular Cash Dividends

Retrieved on: 
Monday, January 8, 2024
Common stock, UNF, UniFirst, Personal protective equipment

WILMINGTON, Mass., Jan. 08, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared regular quarterly cash dividends of $0.330 per share (33.0 cents) on the Company's Common Stock and $0.264 per share (26.4 cents) on the Company's Class B Common Stock.

Key Points: 
  • WILMINGTON, Mass., Jan. 08, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared regular quarterly cash dividends of $0.330 per share (33.0 cents) on the Company's Common Stock and $0.264 per share (26.4 cents) on the Company's Class B Common Stock.
  • Both dividends are payable on March 29, 2024 to shareholders of record on March 8, 2024.
  • In addition to partnering with leading brands, UniFirst manufactures its own branded workwear, protective clothing, and floorcare products at its five company-owned ISO-9001-certified manufacturing facilities.
  • For more information, contact UniFirst at 888-296-2740 or visit UniFirst.com.

UniFirst Announces Financial Results for the First Quarter of Fiscal 2024

Retrieved on: 
Wednesday, January 3, 2024
Acquisition, UniFirst, Internet, Investment, Common stock, Key, Share repurchase, Growth, Hard, UNF, Security (finance)

Steven Sintros, UniFirst President and Chief Executive Officer, said, “We are pleased with the results from our first quarter, which represent a solid start to our new fiscal year.

Key Points: 
  • Steven Sintros, UniFirst President and Chief Executive Officer, said, “We are pleased with the results from our first quarter, which represent a solid start to our new fiscal year.
  • Under the new share repurchase program, the Company repurchased 1,500 shares of Common Stock for $0.3 million in the first quarter of fiscal 2024.
  • Weighted average shares outstanding – Diluted for both the first quarter of fiscal 2024 and fiscal 2023 were 18.8 million.
  • UniFirst Corporation will hold a conference call today at 9:00 a.m. (ET) to discuss its quarterly financial results, business highlights and outlook.

UniFirst Corporation Plans to Announce First Quarter Results on January 3, 2024

Retrieved on: 
Monday, December 11, 2023
UNF, UniFirst, Personal protective equipment

WILMINGTON, Mass., Dec. 11, 2023 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) will report its Fiscal 2024 first quarter results on January 3, 2024 before the market opens.

Key Points: 
  • WILMINGTON, Mass., Dec. 11, 2023 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) will report its Fiscal 2024 first quarter results on January 3, 2024 before the market opens.
  • The Company will also hold a conference call at 9:00 a.m. Eastern Time on January 3, 2024 to discuss its quarterly financial results, business highlights and outlook.
  • Together with its subsidiaries, the Company also manages specialized garment programs for the cleanroom and nuclear industries.
  • In addition to partnering with leading brands, UniFirst manufactures its own branded workwear, protective clothing, and floorcare products at its five company-owned ISO-9001-certified manufacturing facilities.

UniFirst boosts primary sponsorship for 2024 NASCAR season

Retrieved on: 
Monday, December 18, 2023
Partnership, Richmond Raceway, Chevrolet Camaro, Marketing, NASCAR, UniFirst, Chase, Hendrick Motorsports, UNF, NASCAR Cup Series

WILMINGTON, Mass., Dec. 18, 2023 /PRNewswire/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, in partnership with 14-time NASCAR Cup Series champions Hendrick Motorsports, announced its primary race sponsorship schedule for the highly anticipated 2024 NASCAR season.

Key Points: 
  • WILMINGTON, Mass., Dec. 18, 2023 /PRNewswire/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, in partnership with 14-time NASCAR Cup Series champions Hendrick Motorsports, announced its primary race sponsorship schedule for the highly anticipated 2024 NASCAR season.
  • 9 Hendrick Motorsports race team will also sport fire suits that complement the UniFirst car design and feature the company's colors and logo.
  • "We are thrilled about this upcoming season as it marks our expanded partnership with Hendrick Motorsports, Chase, and the entire No.
  • The 2024 NASCAR season marks the eighth year of UniFirst's multi-year partnership with Hendrick Motorsports, and it's the fifth year that the company will serve as a sponsor of Elliott and the No.