UniFirst Corp ( (UNF) ) has released its Q2 earnings. Here is a breakdown of the information UniFirst Corp presented to its investors.
UniFirst Corporation, headquartered in Wilmington, Mass., is a leading provider of uniform and workwear programs, facility service products, and first aid and safety supplies in North America, with specialized garment programs for cleanroom and nuclear industries.
In its second quarter of fiscal 2025, UniFirst Corporation reported a 1.9% increase in consolidated revenues, reaching $602.2 million, and an 11.7% rise in operating income. The company also saw a significant increase in net income and diluted earnings per share, reflecting its strategic investments and operational improvements.
Key financial highlights include a 19.6% increase in net income to $24.5 million and a 20.2% rise in diluted earnings per share to $1.31. The Core Laundry Operations segment experienced a 1.5% revenue growth, while the Specialty Garments segment saw a 2.2% increase, driven by European nuclear operations. Despite increased costs in some areas, the company managed to improve its operating and adjusted EBITDA margins.
Looking ahead, UniFirst expects fiscal 2025 revenues to range between $2.422 billion and $2.432 billion, with anticipated diluted earnings per share between $7.30 and $7.70. The company remains optimistic about its core operations and strategic initiatives, despite external economic challenges.