UniFirst Corporation (UNF) Income Statement Analysis

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Complete financial analysis of UniFirst Corporation (UNF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of UniFirst Corporation, a leading company in the Specialty Business Services industry within the Industrials sector.

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UniFirst Corporation (UNF)

Industry: Specialty Business Services

Sector: Industrials

Website: https://www.unifirst.com

About UniFirst Corporation

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments. The company also rents and sells industrial wiping products, floor mats, facility service products, and dry and wet mops; restroom and cleaning supplies comprising air fresheners, paper products, gloves, masks, sanitizers, and hand soaps; and other textile products. In addition, it provides first aid cabinet services and other safety supplies; decontaminates and cleans work clothes, and other items that is exposed to radioactive materials; and services special cleanroom protective wear and facilities. Further, it offers a range of garment service options, including full-service rental programs in which garments are cleaned and serviced; lease programs in which garments are cleaned and maintained by individual employees; and purchase programs to buy garments and related items directly. The company serves automobile service centers and dealers, delivery services, food and general merchandise retailers, food processors and service operations, light manufacturers, maintenance facilities, restaurants, service companies, soft and durable goods wholesalers, transportation companies, healthcare providers, government agencies, research and development laboratories, high technology companies, and utilities operating nuclear reactors, as well as others who require employee clothing for image, identification, protection, or utility purposes. UniFirst Corporation was founded in 1936 and is headquartered in Wilmington, Massachusetts.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	2.43B	2.23B	2.00B	1.83B	1.80B	1.81B	1.70B	1.59B	1.47B	1.46B	1.39B	1.36B	1.26B	1.13B	1.03B	1.01B	1.02B	902.10M	820.97M	763.84M	719.36M	596.94M	578.90M	556.37M	528.73M	487.10M	448.10M	419.10M	391.80M	355.00M	318.00M	287.70M	268.20M	250.40M	226.70M	212.70M	196.30M	159.90M	114.20M	104.80M
Cost of Revenue	1.58B	1.48B	1.31B	1.14B	1.16B	1.14B	1.06B	993.59M	900.43M	884.66M	858.31M	836.17M	797.94M	712.31M	620.73M	609.63M	643.89M	572.22M	524.69M	480.71M	462.61M	370.56M	349.01M	349.45M	336.32M	294.50M	269.70M	256.90M	240.70M	222.20M	196.50M	173.80M	166.40M	154.50M	137.60M	129.00M	119.80M	95.70M	68.70M	66.80M
Gross Profit	847.60M	751.75M	694.37M	684.94M	639.23M	670.18M	639.77M	597.37M	567.62M	571.94M	536.59M	519.34M	458.35M	421.82M	405.21M	403.79M	379.29M	329.88M	296.28M	283.13M	256.74M	226.38M	229.89M	206.92M	192.40M	192.60M	178.40M	162.20M	151.10M	132.80M	121.50M	113.90M	101.80M	95.90M	89.10M	83.70M	76.50M	64.20M	45.50M	38.00M
Gross Profit Ratio	34.92%	33.66%	34.70%	37.51%	35.43%	37.04%	37.71%	37.55%	38.66%	39.27%	38.47%	38.31%	36.48%	37.19%	39.50%	39.84%	37.07%	36.57%	36.09%	37.07%	35.69%	37.92%	39.71%	37.19%	36.39%	39.54%	39.81%	38.70%	38.57%	37.41%	38.21%	39.59%	37.96%	38.30%	39.30%	39.35%	38.97%	40.15%	39.84%	36.26%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	487.02M	436.54M	379.66M	358.00M	331.24M	357.93M	338.71M	283.35M	293.14M	270.06M	262.33M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	9.90M	14.70M	3.50M	3.80M	3.60M	2.80M	3.70M	1.50M	1.30M	1.50M	1.20M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	522.59M	496.92M	451.24M	383.16M	361.80M	334.84M	360.73M	342.41M	284.85M	294.44M	271.56M	263.53M	240.80M	233.11M	213.46M	211.96M	216.87M	197.15M	177.17M	163.19M	147.85M	137.88M	139.88M	121.79M	118.45M	109.10M	97.60M	91.80M	89.40M	79.10M	71.20M	66.80M	63.20M	57.40M	50.30M	47.90M	44.30M	38.50M	24.10M	22.90M
Other Expenses	141.43M	-1.50M	108.78M	105.96M	104.70M	103.33M	-673.00K	571.00K	81.61M	77.11M	71.75M	69.61M	66.44M	64.73M	61.48M	57.79M	53.78M	48.51M	45.31M	43.93M	44.89M	39.66M	38.03M	37.57M	34.71M	31.70M	26.70M	23.40M	20.80M	19.20M	17.90M	16.50M	12.60M	14.20M	12.40M	12.30M	12.30M	8.00M	5.90M	3.80M
Operating Expenses	664.02M	618.15M	560.02M	489.12M	466.50M	438.17M	457.39M	431.29M	366.46M	371.56M	343.32M	333.14M	307.24M	297.84M	274.94M	269.75M	270.65M	245.66M	222.48M	207.12M	192.74M	177.54M	177.91M	159.36M	153.16M	140.80M	124.30M	115.20M	110.20M	98.30M	89.10M	83.30M	75.80M	71.60M	62.70M	60.20M	56.60M	46.50M	30.00M	26.70M
Cost & Expenses	2.24B	2.10B	1.87B	1.63B	1.63B	1.58B	1.51B	1.42B	1.27B	1.26B	1.20B	1.17B	1.11B	1.01B	895.67M	879.38M	914.54M	817.88M	747.17M	687.83M	655.35M	548.10M	526.92M	508.81M	489.48M	435.30M	394.00M	372.10M	350.90M	320.50M	285.60M	257.10M	242.20M	226.10M	200.30M	189.20M	176.40M	142.20M	98.70M	93.50M
Interest Income	7.24M	6.74M	2.85M	2.57M	6.38M	9.08M	5.54M	4.27M	3.47M	3.31M	3.13M	3.20M	2.74M	2.55M	2.10M	1.99M	328.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.00	0.00	2.85M	0.00	0.00	0.00	0.00	0.00	927.00K	873.00K	772.00K	1.65M	2.13M	6.74M	8.78M	9.31M	10.10M	10.76M	9.54M	0.00	0.00	2.22M	9.92M	12.35M	7.20M	4.90M	1.90M	1.90M	2.10M	2.60M	2.20M	2.30M	5.30M	4.00M	2.80M	4.80M	5.70M	1.60M	0.00	300.00K
Depreciation & Amortization	141.43M	123.19M	110.34M	107.39M	106.16M	104.95M	98.29M	90.33M	83.11M	77.11M	71.75M	69.61M	66.44M	64.73M	61.48M	57.79M	53.78M	49.67M	46.00M	44.62M	46.94M	39.66M	38.03M	37.57M	34.71M	31.70M	26.70M	23.40M	20.80M	19.20M	17.90M	16.50M	12.60M	14.20M	12.40M	12.30M	12.30M	8.00M	5.90M	3.80M
EBITDA	325.01M	262.03M	244.10M	302.77M	278.36M	232.01M	285.54M	205.46M	201.16M	279.94M	267.88M	258.87M	219.31M	190.24M	193.11M	193.57M	164.48M	134.65M	121.09M	121.85M	111.41M	88.50M	90.01M	85.13M	73.95M	83.50M	80.80M	70.40M	61.70M	53.70M	50.30M	47.10M	38.60M	38.50M	38.80M	35.80M	32.20M	25.70M	21.40M	15.10M
EBITDA Ratio	13.39%	11.41%	12.15%	16.52%	15.38%	18.53%	16.45%	19.53%	19.50%	19.28%	19.22%	19.11%	17.53%	16.86%	18.90%	19.13%	15.89%	14.84%	14.59%	15.76%	15.15%	14.61%	15.77%	15.70%	13.99%	17.14%	17.96%	16.75%	15.70%	15.07%	15.75%	16.30%	14.32%	15.26%	16.76%	16.78%	16.30%	14.95%	18.30%	13.84%
Operating Income	183.58M	133.51M	134.28M	195.83M	172.73M	232.01M	182.38M	110.28M	201.16M	200.38M	193.28M	186.20M	151.11M	123.97M	130.27M	134.04M	108.64M	84.22M	73.80M	76.01M	64.00M	48.84M	51.98M	47.57M	39.24M	51.80M	54.10M	47.00M	40.90M	34.50M	32.40M	30.60M	26.00M	24.30M	26.40M	23.50M	19.90M	17.70M	15.50M	11.30M
Operating Income Ratio	7.56%	5.98%	6.71%	10.72%	9.57%	12.82%	10.75%	6.93%	13.70%	13.76%	13.86%	13.74%	12.03%	10.93%	12.70%	13.23%	10.62%	9.34%	8.99%	9.95%	8.90%	8.18%	8.98%	8.55%	7.42%	10.63%	12.07%	11.21%	10.44%	9.72%	10.19%	10.64%	9.69%	9.70%	11.65%	11.05%	10.14%	11.07%	13.57%	10.78%
Total Other Income/Expenses	5.80M	5.23M	-26.00K	1.05M	5.16M	5.92M	4.87M	4.84M	2.21M	884.00K	2.08M	1.41M	-374.00K	-3.40M	-7.42M	-7.57M	-9.94M	-10.76M	-9.54M	-6.84M	-9.41M	-1.27M	-8.66M	-10.11M	-7.20M	-4.90M	-2.20M	-2.10M	-2.30M	-2.80M	-2.40M	-2.50M	-4.10M	-4.30M	-3.60M	-4.90M	-5.90M	-3.40M	-200.00K	-400.00K
Income Before Tax	189.38M	138.84M	134.33M	196.87M	177.89M	237.92M	187.25M	115.12M	203.37M	201.27M	195.35M	187.61M	150.73M	120.57M	122.85M	126.47M	98.70M	73.46M	64.26M	69.17M	54.60M	47.57M	43.32M	37.46M	32.04M	46.90M	51.90M	44.90M	38.60M	31.70M	30.00M	28.10M	21.90M	20.00M	22.80M	18.60M	14.00M	14.30M	15.30M	10.90M
Income Before Tax Ratio	7.80%	6.22%	6.71%	10.78%	9.86%	13.15%	11.04%	7.24%	13.85%	13.82%	14.00%	13.84%	12.00%	10.63%	11.97%	12.48%	9.65%	8.14%	7.83%	9.06%	7.59%	7.97%	7.48%	6.73%	6.06%	9.63%	11.58%	10.71%	9.85%	8.93%	9.43%	9.77%	8.17%	7.99%	10.06%	8.74%	7.13%	8.94%	13.40%	10.40%
Income Tax Expense	43.91M	35.16M	30.92M	45.76M	42.12M	58.79M	23.35M	44.93M	78.35M	76.97M	75.43M	70.92M	55.75M	44.09M	46.44M	50.61M	37.72M	28.27M	25.05M	25.82M	21.02M	18.31M	16.46M	14.23M	12.18M	22.80M	18.70M	16.20M	13.90M	11.10M	11.10M	10.40M	7.60M	6.80M	8.50M	7.00M	5.30M	6.50M	7.00M	4.30M
Net Income	145.47M	103.67M	103.40M	151.11M	135.77M	179.13M	163.90M	70.20M	125.03M	124.30M	119.93M	116.69M	94.99M	76.49M	76.41M	75.85M	60.98M	45.20M	39.21M	43.35M	33.58M	27.02M	26.86M	23.22M	19.87M	24.10M	33.20M	28.70M	24.70M	20.60M	18.90M	17.70M	12.90M	13.20M	14.30M	11.60M	8.70M	7.80M	8.30M	6.10M
Net Income Ratio	5.99%	4.64%	5.17%	8.27%	7.53%	9.90%	9.66%	4.41%	8.52%	8.53%	8.60%	8.61%	7.56%	6.74%	7.45%	7.48%	5.96%	5.01%	4.78%	5.67%	4.67%	4.53%	4.64%	4.17%	3.76%	4.95%	7.41%	6.85%	6.30%	5.80%	5.94%	6.15%	4.81%	5.27%	6.31%	5.45%	4.43%	4.88%	7.27%	5.82%
EPS	7.79	5.77	5.71	8.32	7.46	9.77	8.27	3.63	6.51	6.50	6.29	6.14	5.02	3.93	3.94	4.13	3.33	2.47	2.04	2.26	1.74	1.58	1.40	1.20	1.01	1.18	1.62	1.40	1.20	1.01	0.92	0.44	0.32	0.33	0.35	0.14	0.11	0.10	0.11	0.08
EPS Diluted	7.77	5.53	5.46	7.94	7.13	9.33	8.21	3.44	6.17	6.15	5.95	5.81	4.76	3.85	3.92	3.92	3.15	2.34	2.03	2.24	1.74	1.40	1.39	1.20	1.01	1.18	1.62	1.40	1.20	1.01	0.92	0.44	0.31	0.32	0.34	0.14	0.11	0.10	0.11	0.08
Weighted Avg Shares Out	18.66M	17.97M	18.10M	18.15M	18.19M	18.34M	19.81M	20.17M	20.06M	19.95M	19.79M	19.64M	19.53M	19.45M	19.39M	14.39M	19.30M	19.26M	19.24M	19.22M	19.19M	17.10M	19.22M	19.36M	19.67M	20.42M	20.49M	20.50M	20.51M	20.40M	20.54M	20.50M	20.38M	20.34M	20.32M	20.29M	20.20M	20.16M	20.16M	20.16M
Weighted Avg Shares Out (Dil)	18.72M	18.76M	18.93M	19.04M	19.04M	19.20M	19.96M	20.28M	20.15M	20.08M	19.94M	19.79M	19.62M	19.53M	19.46M	19.37M	19.35M	19.34M	19.31M	19.31M	19.26M	19.30M	19.28M	19.38M	19.67M	20.42M	20.49M	20.50M	20.56M	20.40M	20.54M	20.50M	20.38M	20.34M	20.32M	20.29M	20.20M	20.16M	20.16M	20.16M

UniFirst Corporation Plans to Announce Second Quarter Results on March 29, 2023

February 22, 2023globenewswire.com

WILMINGTON, Mass., Feb. 22, 2023 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) will report its Fiscal 2023 second quarter results on March 29, 2023 before the market opens. The Company will also hold a conference call at 9:00 a.m. Eastern...

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January 24, 2023zacks.com

Cintas and Unifirst stocks are both viable options for exposure in the Industrial Products sector and while their business models are similar there should be more than enough room for both companies as it relates to uniform services.

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January 10, 2023zacks.com

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These Are the 10 Biggest Companies Reporting Earnings in the First Week of Jan 2023

December 28, 2022247wallst.com

Similar to 2022, inflation will likely be the main concern in 2023 as well. Along with inflation, the Fed's actions to contain inflation are expected to drive the performance of the financial markets, as well as companies, next year.

UniFirst Corporation Plans to Announce First Quarter Results on January 4, 2023

December 5, 2022globenewswire.com

WILMINGTON, Mass., Dec. 05, 2022 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) will report its Fiscal 2023 first quarter results on January 4, 2023 before the market opens. The Company will also hold a conference call at 9:00 a.m. Eastern...

UniFirst Corporation (UNF) Q4 2022 Earnings Call Transcript

October 19, 2022seekingalpha.com

UniFirst Corporation (NYSE:UNF ) Q4 2022 Earnings Conference Call October 19, 2022 9:00 AM ET Company Participants Steven Sintros - President and CEO Shane O'Connor - EVP and CFO Conference Call Participants Andrew Steinerman - JPMorgan Andy Wittmann - Baird...

UniFirst Corporation Plans to Announce Fourth Quarter Results on October 19, 2022

September 20, 2022globenewswire.com

WILMINGTON, Mass., Sept. 20, 2022 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) will report its Fiscal 2022 fourth quarter results on October 19, 2022 before the market opens. The Company will also hold a conference call at 9:00 a.m. Eastern...