Latest news with #UniFirst
Yahoo
6 days ago
- Business
- Yahoo
Cintas Earnings: What To Look For From CTAS
Uniform and facility services provider Cintas (NASDAQ:CTAS) will be announcing earnings results this Thursday before market hours. Here's what you need to know. Cintas met analysts' revenue expectations last quarter, reporting revenues of $2.61 billion, up 8.4% year on year. It was a strong quarter for the company, with an impressive beat of analysts' EPS estimates and a narrow beat of analysts' full-year EPS guidance estimates. Is Cintas a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Cintas's revenue to grow 6.3% year on year to $2.63 billion, slowing from the 8.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.07 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cintas has missed Wall Street's revenue estimates twice over the last two years. Looking at Cintas's peers in the business services & supplies segment, some have already reported their Q2 results, giving us a hint as to what we can expect. UniFirst delivered year-on-year revenue growth of 1.2%, missing analysts' expectations by 0.6%, and MillerKnoll reported revenues up 8.2%, topping estimates by 5.3%. UniFirst traded down 8.1% following the results while MillerKnoll was up 12.2%. Read our full analysis of UniFirst's results here and MillerKnoll's results here. There has been positive sentiment among investors in the business services & supplies segment, with share prices up 2.5% on average over the last month. Cintas is down 4.5% during the same time and is heading into earnings with an average analyst price target of $215.63 (compared to the current share price of $212.42). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Cintas Earnings: What To Look For From CTAS
Uniform and facility services provider Cintas (NASDAQ:CTAS) will be announcing earnings results this Thursday before market hours. Here's what you need to know. Cintas met analysts' revenue expectations last quarter, reporting revenues of $2.61 billion, up 8.4% year on year. It was a strong quarter for the company, with an impressive beat of analysts' EPS estimates and a narrow beat of analysts' full-year EPS guidance estimates. Is Cintas a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Cintas's revenue to grow 6.3% year on year to $2.63 billion, slowing from the 8.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.07 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cintas has missed Wall Street's revenue estimates twice over the last two years. Looking at Cintas's peers in the business services & supplies segment, some have already reported their Q2 results, giving us a hint as to what we can expect. UniFirst delivered year-on-year revenue growth of 1.2%, missing analysts' expectations by 0.6%, and MillerKnoll reported revenues up 8.2%, topping estimates by 5.3%. UniFirst traded down 8.1% following the results while MillerKnoll was up 12.2%. Read our full analysis of UniFirst's results here and MillerKnoll's results here. There has been positive sentiment among investors in the business services & supplies segment, with share prices up 2.5% on average over the last month. Cintas is down 4.5% during the same time and is heading into earnings with an average analyst price target of $215.63 (compared to the current share price of $212.42). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
11-07-2025
- Business
- Cision Canada
UniFirst Recognized Among '60 Best Companies to Sell For' in 2025
WILMINGTON, Mass., July 11, 2025 /CNW/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, is proud to announce its inclusion on Selling Power's prestigious list of the "60 Best Companies to Sell For in 2025." This achievement marks an impressive 22 consecutive years of recognition for UniFirst. UniFirst continues to earn this distinction by fostering a sales culture grounded in its Founding Core Values of Customer Focus, Commitment to Quality, and Respect for Others. Dedicated to delivering customized uniforms and facility service solutions, UniFirst's sales teams serve as trusted advisors, empowered to gain a deep understanding of each customer's business and industry. This approach enables them to develop innovative strategies that address unique challenges and deliver measurable results. "We're honored to celebrate 22 years on Selling Power's list, reinforcing our commitment to supporting our sales teams with award-winning tools and training, along with the resources they need to serve as trusted advisors to our customers," said David Katz, UniFirst Executive Vice President. "Our approach is rooted in empowering our teams to understand our customers' businesses inside and out, creating meaningful partnerships and delivering solutions that drive success." Selling Power's annual list recognizes companies that excel in creating a supportive and collaborative sales culture. Organizations of all sizes are evaluated across several key areas, including: Company Overview Culture Compensation and Benefits Hiring, Sales Training & Sales Enablement Integration of AI to enhance sales processes and support teams "In evaluating the best companies to sell for each year, we look for organizations like UniFirst that align core values throughout their operations," said Gerhard Gschwendtner, founder and CEO of Selling Power. "UniFirst's success stems from building a sales culture built on professionalism, trust, and empowerment, driving both growth and long-term success." For more than two decades, UniFirst has been recognized as a leader in sales and customer engagement. The company serves over two million uniform wearers across North America, including more than half of the Fortune 500 companies, by delivering high-quality uniforms and comprehensive facility service solutions. UniFirst is actively recruiting talented individuals to join its award-winning sales team. For more information, visit About UniFirst Headquartered in Wilmington, Mass., UniFirst Corporation (NYSE: UNF) is a North American leader in the supply and servicing of uniform and workwear programs, facility service products, as well as first aid and safety supplies and services. 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 three company-owned ISO-9001-certified manufacturing facilities. With more than 270 service locations, over 300,000 customer locations, and 16,000-plus employee Team Partners, the company outfits more than 2 million workers every day. For additional information, contact UniFirst at 888.296.2740 or visit Follow UniFirst on Social Media: LinkedIn, Facebook, X, YouTube, Instagram.
Yahoo
09-07-2025
- Business
- Yahoo
The Top 5 Analyst Questions From UniFirst's Q2 Earnings Call
UniFirst's second quarter results for 2025 were met with a negative market reaction, reflecting concerns about the company's muted revenue growth and operational headwinds. Management attributed the modest top-line growth to softness in customer wearer levels and a challenging pricing environment, partially offset by improved customer retention and new business installations. CEO Steven Sintros noted, 'We have seen examples of cutbacks on employment levels and some targeted manufacturing sector companies,' highlighting broader caution among customers. Is now the time to buy UNF? Find out in our full research report (it's free). Revenue: $610.8 million vs analyst estimates of $614.7 million (1.2% year-on-year growth, 0.6% miss) EPS (GAAP): $2.13 vs analyst estimates of $1.99 (7.1% beat) Adjusted EBITDA: $85.83 million vs analyst estimates of $91.77 million (14.1% margin, 6.5% miss) The company reconfirmed its revenue guidance for the full year of $2.43 billion at the midpoint EPS (GAAP) guidance for the full year is $7.80 at the midpoint, beating analyst estimates by 1.5% Operating Margin: 7.9%, in line with the same quarter last year Market Capitalization: $3.17 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. John Ronan Kennedy (Barclays): Asked about the drivers of organic growth and the extent of customer caution. CEO Steven Sintros explained that reductions in employment among larger manufacturing customers contributed to lower wearer levels, offsetting gains from improved retention and new business. Kartik Mehta (Northcoast Research): Inquired about the pace of new sales and the impact of the add-stop metric. Sintros noted modest improvement in new sales momentum but confirmed that the add-stop metric remained negative, reflecting ongoing softness in customer headcount. Benjamin Luke McFadden (William Blair): Sought clarification on the cost dynamics of the company's key initiatives. CFO Shane O'Connor described that most ERP project costs are currently being capitalized and that future phases may see increased expenses as deployment nears. Justin P. Hauke (Baird): Questioned labor cost trends and the origin of recent legal and advisory expenses. Sintros reported overall labor cost stability and explained that advisory expenses were tied to prior strategic discussions and a legal matter with a recently increased reserve. Joshua K. Chan (UBS): Asked how widespread the decline in wearer levels was across the customer base. Sintros stated the softness was broad-based and not concentrated in any one sector or customer group. In the coming quarters, our analysts will closely monitor (1) the pace of ERP system deployment and its impact on operational efficiency, (2) trends in wearer levels and customer retention amid an uncertain demand environment, and (3) developments in vendor pricing and tariff-related cost pressures. Progress in cross-selling First Aid services will also be a key indicator of growth. UniFirst currently trades at $170.63, down from $190.21 just before the earnings. In the wake of this quarter, is it a buy or sell? Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
UniFirst Corp (UNF) Q3 2025 Earnings Call Highlights: Revenue Growth Amidst Pricing Challenges
Revenue: $610.8 million, up 1.2% from $603.3 million in the previous year. Operating Income: Decreased to $48.2 million from $48.5 million, a decline of 0.6%. Net Income: Increased to $39.7 million, or $2.13 per diluted share, from $38.1 million, or $2.03 per diluted share. Adjusted EBITDA: Increased to $85.8 million from $84.8 million, up 1.2%. Effective Tax Rate: Increased to 25.7% from 22.9% in the prior year. Core Laundry Operations Revenue: $533.2 million, an increase of 0.9% from the previous year. Core Laundry Operating Margin: Declined to 6.9% from 7% in the previous year. Specialty Garments Revenue: Increased to $47.8 million from $47.6 million, up 0.5%. Specialty Garments Operating Margin: Decreased to 22.8% from 23.9% in the prior year. First Aid Segment Revenue: Increased to $29.8 million from $27.3 million, up 9%. Cash and Cash Equivalents: Totaled $211.9 million with no long-term debt. Free Cash Flow: Increased 22% to $86.7 million. Capital Expenditures: $109.8 million. Stock Repurchase: $25.6 million worth of common stock repurchased. Acquisitions: Acquired four small first aid businesses for $5.4 million. Annual Revenue Guidance: Maintained within the range of $2.422 billion to $2.432 billion. Diluted EPS Guidance: Increased to a range of $7.60 to $8.00. Warning! GuruFocus has detected 4 Warning Signs with UNF. Release Date: July 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. UniFirst Corp (NYSE:UNF) reported a 1.2% increase in consolidated revenues for Q3 2025, reaching $610.8 million. Net income for the quarter increased to $39.7 million, or $2.13 per diluted share, up from $38.1 million, or $2.03 per diluted share, in the previous year. The company saw improvements in gross margin and operational execution, with lower merchandise and production costs contributing positively. The First Aid segment experienced a 9% revenue increase, driven by growth in van operations. UniFirst Corp (NYSE:UNF) maintained a solid balance sheet with no long-term debt and cash, cash equivalents, and short-term investments totaling $211.9 million. Consolidated operating income decreased slightly by 0.6% to $48.2 million from $48.5 million in the previous year. The pricing environment remains challenging, with some vendors increasing prices due to additional sourcing costs. Core Laundry segment's operating margin declined slightly to 6.9% from 7% in the previous year. There was a decrease in direct sales revenues compared to the same quarter of the previous year, impacting overall growth. The company incurred approximately $5.7 million in expenses related to advisory and legal costs, impacting profitability. Q: Can you elaborate on the organic growth and demand environment, particularly regarding new bids, retention, pricing challenges, and wearer levels? A: Steven Sintros, President and CEO, explained that the existing customer base is somewhat cautious, with some targeted reductions in employment levels, particularly in the manufacturing sector. Despite improved retention and solid sales performance, these reductions have offset growth. The company feels positive about new account sales and retention but acknowledges some softness impacting short-term growth. Q: Could you provide more insight into the pricing dynamics and vendor cost increases? A: Steven Sintros noted that the pricing environment remains fluid, transitioning from a high inflationary period to potential tariff impacts. Companies are still recovering from past inflation, and the situation is unclear for the next quarters. Pricing challenges are consistent across the customer base, with no specific sector being more impacted. Q: How is the progress on key initiatives, and what are the drivers behind the reduction in costs? A: Shane O'Connor, CFO, stated that the ERP implementation is progressing well, with costs primarily related to capitalized activities. Future costs related to change management and training will be expensed, potentially increasing P&L costs. The reduction in current costs is due to the nature of activities being capitalized rather than a decrease in spending. Q: What impact could tariffs have on the cost structure, and where would this be most evident? A: Steven Sintros explained that tariffs could impact garment costs, as most are sourced internationally. The situation is fluid, with varying tariffs across countries. The company has limited exposure to higher tariffs from China, but the overall impact will depend on future trade deals and tariff changes. Q: Can you discuss the growth and success in the First Aid segment? A: Steven Sintros highlighted strong growth in the First Aid segment, particularly in van operations, which grew by about 15%. The company is successfully penetrating existing UniFirst customers and expanding services like safety training and AEDs. There is positive momentum in improving the profitability of this division. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
