Unifirst CORP
Market Movers (8-K)
NYSE
UniFirst Corporation announced third quarter fiscal 2026 financial results, showing revenue growth but a significant decrease in operating income and net income due to substantial transaction-related costs for its proposed merger with Cintas.
Worse than expected
NYSE
UniFirst shareholders have voted to approve the company's acquisition by Cintas Corporation in a deal valued at $155.00 per share in cash plus 0.7720 shares of Cintas stock.
Delay expected
NYSE
UniFirst Corporation reported a 3.4% revenue increase in Q2 fiscal 2026, but profitability declined due to strategic investments and merger-related costs, as the company progresses towards its acquisition by Cintas.
Worse than expected
NYSE
UniFirst Corporation reported a 2.7% revenue increase to $621.3 million in Q1 fiscal 2026, with operating margins impacted by strategic growth and digital transformation investments.
NYSE
UniFirst Corporation announced that Executive Vice President of Operations, David DiFillippo, will retire effective January 5, 2026, following a year-long transition.
NYSE
UniFirst Corporation's shareholders approved the election of two Class II Directors, advisory executive compensation, and ratified Ernst & Young LLP as auditors, with Joseph M. Nowicki also appointed Chairman.
Quarterly Earnings (10-Q)
NYSE
UniFirst Corporation reports a significant decrease in operating income for the third quarter of fiscal 2026, largely impacted by transaction costs related to its proposed merger with Cintas.
Worse than expected
NYSE
UniFirst Corporation filed an amended Form 10-Q for the quarter ended February 28, 2026, primarily to update signing dates for certifications related to its merger agreement with Cintas.
NYSE
UniFirst enters a definitive merger agreement with Cintas while reporting a 3.4% revenue increase but a 16.3% decline in quarterly net income.
Worse than expected
NYSE
UniFirst Corporation reported a 20.3% drop in net income for Q1 2026, driven by increased operating expenses and strategic investments, despite a 2.7% rise in revenues.
Delay expected
Worse than expected
NYSE
UniFirst Corporation announced increased revenues and net income for the thirteen and thirty-nine weeks ended May 31, 2025, driven by organic growth in Core Laundry Operations and strategic investments, while actively addressing previously identified material weaknesses in internal controls.
Better than expected
NYSE
UniFirst Corporation reports a 1.9% increase in revenue and an 11.7% increase in operating income for the second quarter of fiscal year 2025.
Annual Reports (10-K)
NYSE
UniFirst Corporation reported a slight revenue increase for fiscal 2025, driven by organic growth, despite an identified material weakness in internal control over financial reporting.
Delay expected
NYSE
UniFirst Corporation's fiscal 2024 annual report reveals a robust revenue increase and improved profitability, despite the identification of material weaknesses in internal controls.
Better than expected
Insider Trading (Form 4)
NYSE
Cintas CEO Todd Schneider provides an update on the integration planning for UniFirst, reinforcing the value of UniFirst employees and confirming expected closing in the second half of 2026.
Delay expected
NYSE
Cintas Corporation provided an update on its acquisition of UniFirst Corporation, noting a common regulatory step with the FTC and reaffirming expectations to close in the second half of the calendar year.
Delay expected
NYSE
Reporting person Cecelia Levenstein disclosed a series of charitable gifts of UniFirst Corporation common stock.
Delay expected
NYSE
UniFirst Corporation and Cintas Corporation announced their intent to combine, aiming to shape the future of the uniform and facility services industry.
Capital raise
NYSE
Cintas has entered into a definitive agreement to acquire UniFirst, with the merger expected to close in the second half of 2026, pending approvals.
NYSE
Cintas CEO Todd Schneider addresses UniFirst employees directly, emphasizing job security, benefits, and growth opportunities following the recently announced merger.
Proxy Statements (Def-14A)
NYSE
UniFirst Corporation issued a statement addressing shareholder inquiries regarding its 2026 Annual Meeting, reaffirming its strategic focus and commitment to board refreshment.
NYSE
UniFirst Corporation issues a supplement detailing virtual attendance and voting procedures for its 2026 Annual Meeting of Shareholders on December 15, 2025.
NYSE
Activist investor Engine Capital LP is seeking to elect two new directors to UniFirst's board, citing poor performance, misguided capital allocation, and a rejected acquisition offer.
Capital raise
Worse than expected
NYSE
UniFirst Corporation issues definitive proxy statement for its December 15, 2025 Annual Meeting, facing a contested director election from activist investor Engine Capital LP.
Worse than expected
NYSE
UniFirst Corporation filed its preliminary proxy statement, nominating CEO Steven S. Sintros and Audit Committee Chairman Joseph M. Nowicki for election at the 2026 Annual Meeting and recommending shareholders vote against Engine Capital's candidates.
NYSE
UniFirst Corporation has scheduled its 2025 Annual Meeting of Shareholders for January 14, 2025, to elect directors, approve executive compensation, and ratify the appointment of its accounting firm.
Schedule 13D - Activist Investments
NYSE
SCHEDULE: River Road Boosts Unifirst Stake to 3.9%
River Road Asset Management, LLC has increased its beneficial ownership in Unifirst Corp to 3.9% for investment purposes, utilizing over $80 million in client funds.
NYSE
Cintas Corporation announced a definitive agreement to acquire UniFirst Corporation for a combination of cash and Cintas common stock, valuing UniFirst shares at $155 cash plus 0.7720 Cintas shares.
Delay expected
NYSE
River Road Asset Management, LLC has increased its beneficial ownership in Unifirst Corp to 5.0% for investment purposes.
NYSE
River Road Asset Management, an SEC-registered investment advisor, has increased its beneficial ownership in UniFirst Corp to 6.1% for investment purposes.
NYSE
River Road Asset Management, LLC has disclosed a 6.1% beneficial ownership stake in UniFirst Corp, acquired for investment purposes using client funds totaling over $134 million.
Schedule 13G - Passive Investments
NYSE
Vanguard Capital Management has reported beneficial ownership of 762,179 shares, representing 5.24% of UniFirst Corp's common stock, as of March 31, 2026.
NYSE
Vanguard Portfolio Management has reported beneficial ownership of 826,099 shares, representing 5.68% of UniFirst Corp's common stock, as of March 31, 2026.
NYSE
The Vanguard Group has updated its Schedule 13G for UniFirst Corp/MA, reporting 0% beneficial ownership following an internal realignment.
NYSE
BlackRock, Inc. has filed an amendment to its Schedule 13G, revealing a 14.3% beneficial ownership stake in UniFirst Corporation as of June 30, 2025, held for investment purposes.
NYSE
Dimensional Fund Advisors LP has disclosed a 5.1% beneficial ownership stake in UniFirst Corp/MA, holding 763,689 shares of common stock as of December 31, 2024.