Thu, Apr 10, 7:02 PM (32 days ago)
**UniFirst Corporation (UNF) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $602.2 million (13 weeks), $1.21 billion (26 weeks), up 1.9% YoY. - **Operating Income:** $31.2 million (13 weeks), $86.7 million (26 weeks), up 11.7% and 7.0% YoY, respectively. - **Net Income:** $24.5 million (13 weeks), $67.6 million (26 weeks), up 19.6% and 7.6% YoY, respectively. - **EPS (Basic):** $1.37 (13 weeks), $3.78 (26 weeks), up 19.3% and 8.3% YoY, respectively. - **Operating Margin:** 5.2% (13 weeks), 7.2% (26 weeks). - **Net Margin:** 4.1% (13 weeks), 5.6% (26 weeks). **Profit Margins:** - **Gross Margin:** 34.6% (13 weeks), 35.8% (26 weeks). - **Operating Margin:** 5.2% (13 weeks), 7.2% (26 weeks). - **Net Margin:** 4.1% (13 weeks), 5.6% (26 weeks). **Cash Flow:** - **Operating Cash Flow:** $128.3 million (26 weeks), up 20.2% YoY. - **Capital Expenditures:** $66.1 million (26 weeks). - **Free Cash Flow:** $62.2 million (26 weeks). **Earnings Changes:** - **Revenue Growth:** Driven by Core Laundry Operations (1.5% growth) and Specialty Garments (2.2% growth). - **Operating Income Growth:** Driven by Core Laundry Operations (27.4% growth) and improved pricing. **Quarterly Performance Discussion:** - **Revenue Growth:** 1.9% YoY, driven by organic growth in Core Laundry Operations and Specialty Garments. - **Operating Income Growth:** 7.0% YoY, driven by improved pricing and cost management. - **Net Income Growth:** 7.6% YoY, driven by improved operating income and lower taxes. **Trends & Uncertainties:** - **Positive Trends:** Strong organic growth, improved pricing, and cost management. - **Uncertainties:** Inflation, interest rates, geopolitical issues, and environmental liabilities. **Future Operations Impact:** - **Capital Allocation:** Continued investment in CRM and ERP projects, share repurchases, and dividends. - **Liquidity:** Strong cash position and available credit under the Credit Agreement. **Segment Performance:** - **Core Laundry Operations:** Revenue up 1.5% YoY, operating income up 10.1% YoY. - **Specialty Garments:** Revenue up 2.5% YoY, operating income down 11.0% YoY. - **First Aid:** Revenue up 8.0% YoY, operating income improved from a loss. **Dividends & Share Repurchases:** - **Dividends:** Increased to $0.350 per share of Common Stock and $0.280 per share of Class B Common Stock. - **Share Repurchases:** $12.5 million spent on repurchases (26 weeks), $63.7 million remaining under the program.