Earnings

UniFirst Corp reports increase in revenues and net income for Q3 2025

by Market News Data

From GlobeNewswire: 2025-07-02 08:00:00

UniFirst Corporation reported a 1.2% increase in consolidated revenues to $610.8 million for Q3 2025. Operating income was $48.2 million, a 0.6% decrease, with a quarterly tax rate of 25.7%. Net income rose to $39.7 million, a 4.3% increase, and diluted earnings per share increased to $2.13, a 4.9% rise.

During Q3, the Company’s financial results included costs of $1.0 million and $3.9 million for its Key Initiatives. These costs affected operating income, Adjusted EBITDA, net income, and diluted earnings per share. Net income and diluted earnings per share also benefited from a $2.8 million gain on the sale of a non-operating property during the quarter.

Revenues for Core Laundry Operations in Q3 increased by 0.9% to $533.2 million, with organic growth at 1.1%. Operating margin decreased to 6.9%, and Adjusted Core Laundry Operations’ EBITDA margin was unchanged at 13.5%. Key Initiatives costs affected the segment’s margins in comparison to the prior year.

UniFirst Corporation’s cash, cash equivalents, and short-term investments totaled $211.9 million as of May 31, 2025. Cash flows from operating activities were $196.5 million in the first nine months of fiscal 2025. The Company repurchased $13.6 million of shares in Q3 and had $86.4 million remaining under its share repurchase authorization.

UniFirst Corporation raised its diluted earnings per share guidance to a range of $7.60 to $8.00 for fiscal 2025. The Company is maintaining annual revenue guidance within the range of $2.422 billion to $2.432 billion. These adjustments consider Key Initiative costs, with fiscal 2025 having one less week of operations compared to fiscal 2024.

Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures presented by UniFirst Corporation. These measures provide supplemental information regarding the Company’s performance and enable a further evaluation of its underlying operating performance. Detailed reconciliations of these measures are provided in the financial statements.



Read more at GlobeNewswire:: UniFirst Announces Financial Results for the Third Quarter

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