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UniFirst Q4 revenue beats estimates on uniform segment growth

By Reuters News


Overview

  • US uniform services firm's fiscal Q4 revenue rose 5% yr/yr, beating analyst expectations

  • Adjusted EBITDA for fiscal Q4 increased yr/yr, while operating income declined

  • Q4 results impacted by $14.4 mln in merger and ERP project costs


Outlook

  • UniFirst is no longer providing financial guidance due to the pending merger with Cintas


Result Drivers

  • UNIFORM & FACILITY SERVICE GROWTH - Q4 revenue growth was primarily driven by organic growth in the core Uniform & Facility Service Solutions segment

  • COST MIX - Lower merchandise and selling costs supported margins, partially offset by higher production and healthcare claims expenses

  • MERGER AND ERP COSTS - Q4 results were negatively affected by $14.4 mln in merger-related costs and $2.8 mln in ERP project expenses


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

$645.005 mln

$634.41 mln (3 Analysts)

Q4 Net Income

$34.73 mln


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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