NYSE$UNF

UniFirst Corporation · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

UniFirst reported strong Q4 2024 financial results, with revenue and operating income increasing significantly.

UniFirst Corporation reported an 11.9% increase in consolidated revenues for the fourth quarter, reaching $639.9 million. Operating income increased by 49.8% to $54.0 million, and net income rose by 61.5% to $44.6 million. Diluted earnings per share increased to $2.39 from $1.47 in the prior year, a 62.6% increase.

  • Consolidated revenues for Q4 increased by 11.9% to $639.9 million.
  • Operating income increased by 49.8% to $54.0 million.
  • Net income increased by 61.5% to $44.6 million.
  • Diluted earnings per share increased by 62.6% to $2.39.

Headline financials

Total Revenue

$640M

Previous: $572M+11.9%
EPS (adj)

$2.46

Previous: $1.75+40.6%
Uniform operating margin

8.7%

No prior period
Uniform adj. EBITDA margin

15.3%

No prior period
Adjusted EBITDA

$95M

No prior period
Capital Expenditures

-$38.5M

No prior period
Net Income

$44.6M

Previous: $27.6M+61.5%
Operating Income

$54M

Previous: $36.1M+49.8%
Gross Profit

$193M

No prior period

Revenue & EPS history

UniFirst · Revenue · Quarterly

$640M

Q4 2024+11.9%vs Q4 2023
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

UniFirst · $634M total across 3 segments · Q3 2026

  • Uniform & Facility Service Solutions
    $576M
  • First Aid & Safety Solutions
    $30.8M
  • Other
    $27.8M

Forward guidance

For fiscal year 2025, UniFirst expects revenues to be between $2.425 billion and $2.445 billion and fully diluted earnings per share to be between $6.79 and $7.19.

Tailwinds

  • Revenue is expected to be between $2.425 billion and $2.445 billion.
  • Net income, at the midpoint of the range, is expected to be $131.0 million.
  • Consolidated Adjusted EBITDA, at the midpoint of the range, is expected to be $330.0 million.
  • Core Laundry Operations’ organic revenue growth, at the midpoint of the range, is expected to be 1.8%.
  • Core Laundry Operations’ operating and Adjusted EBITDA margins, at the midpoint of the range, are expected to be 5.9% and 13.2%, respectively.

Headwinds

  • Fiscal 2025 has one less week compared to prior year.
  • Guidance includes an estimated $16.0 million of costs directly attributable to Key Initiatives.
  • The Key Initiatives are expected to decrease Core Laundry Operations’ operating and Adjusted EBITDA margins by 0.7% and EPS by $0.64.
  • The effective tax rate is assumed to be 25.0%.
  • Guidance does not include the impact of any future share buybacks or unexpected events affecting the economy generally.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.3%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+1.9%

Avg return

30 days after

45%

30 / 66 earnings

Positive

+11.6%

Q2 2018

Best reaction

-11.8%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026
Q2 2026+0.9%-1.3%
Q1 2026-3.3%-0.8%-0.9%
Q4 2025-6.0%-0.2%-2.4%
Q3 2025-2.4%-1.5%-1.9%
Q2 2025+1.0%-6.3%+2.6%
Q1 2025+7.8%+10.7%+7.2%
Q4 2024-0.4%-2.1%+5.4%
Q3 2024+11.0%+11.1%+23.8%
Q2 2024+3.8%+1.4%-1.7%
Q1 2024-9.5%-8.2%-3.5%
Q4 2023-0.8%-0.4%+4.4%
Q3 2023-6.3%-7.0%-6.1%
Q2 2023-10.2%-10.8%-15.3%
Q1 2023+5.3%+5.9%+7.9%
Q4 2022-3.4%-1.5%+11.4%
Q3 2022+6.7%+6.9%+21.4%
Q2 2022-3.2%-7.7%-9.5%
Q1 2022-5.8%-7.9%-14.5%
Q4 2021-6.3%-5.7%-8.8%
Q3 2021-6.4%-6.3%-9.9%
Q2 2021+1.2%-0.1%+0.9%
Q1 2021+4.9%+3.0%+7.9%
Q4 2020-11.8%-15.1%-1.2%
Q3 2020-2.0%-2.7%+4.2%
Q2 2020-7.7%-0.6%+9.8%
Q1 2020+2.0%+4.9%-0.9%
Q4 2019+4.5%+5.2%+5.9%
Q3 2019+11.3%+12.7%+17.0%
Q2 2019+10.8%+12.1%+12.7%
Q1 2019-6.6%-4.7%-4.6%
Q4 2018-8.1%-7.4%-8.4%
Q3 2018-2.5%-0.2%+1.8%
Q2 2018+11.6%+6.9%+10.4%
Q1 2018+4.3%+2.3%-2.8%
Q4 2017+0.2%+0.5%-1.0%
Q3 2017+0.9%+3.0%+2.7%
Q2 2017+3.7%+1.0%+2.3%
Q1 2017-6.9%-8.5%-11.6%
Q4 2016-9.1%-9.0%+7.3%
Q3 2016+9.7%+8.8%+10.8%
Q2 2016-3.3%
Q1 2016+0.3%
Q4 2015-5.1%
Q3 2015+4.7%
Q2 2015+3.8%
Q1 2015-0.7%
Q4 2014-1.3%
Q3 2014-2.1%
Q2 2014-5.2%
Q1 2014-1.4%
Q4 2013-0.8%
Q3 2013+2.8%
Q2 2013-1.3%
Q1 2013+8.4%
Q4 2012+0.2%
Q3 2012+0.3%
Q2 2012-2.6%
Q1 2012+1.8%
Q4 2011-0.3%
Q4 2009-0.3%
Q4 2010-0.3%
Q3 2011+1.3%
Q2 2011-0.1%
Q1 2011-5.5%
Q3 2010+3.0%
Q2 2010+0.1%

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