UniFirst Corporation

unifirst.com

What Do They Do?

Rents, cleans and sells workplace uniforms, protective clothing and facility-service products to manufacturers, retailers and service companies.

How Do They Make Money?

Customers pay mainly for route service at their locations, with fees earned as employees provide the service; direct sales bring in money when a service is performed or a product ships.

revenue

Segment	Share	Revenue
Uniform & Facility Service Solutions	91%
First Aid & Safety Solutions	4.7%
Other	4.1%

Who Are Their Customers?

Serves businesses of all sizes across manufacturing, retail and service industries through its professional sales representatives.

Do Revenues Turn Into Profits?

Yes. It kept 6 cents of every revenue dollar as net income in FY2025 and turned 6 cents into free cash flow.

Operating income, FY2025

8% of revenue

▲ +1% vs FY2024 ($183.6M, 8%)

Net income, FY2025

6% of revenue

▲ +2% vs FY2024 ($145.5M, 6%)

Free cash flow, FY2025

6% of revenue

▲ +6% vs FY2024 ($134.9M, 6%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to May 30, 2026

Revenue: ▲ +4%; vs $610.8M in Q3 FY2025
Net income: ▼ −50%; vs $39.7M in Q3 FY2025

Uniform & Facility Service Solutions share of revenue vs 90.8% in Q3 FY2025

Jul 1, 2026 FTC review of proposed Cintas merger continued The companies received a request for additional information; a close was expected in the second half of calendar 2026.
Jun 12, 2026 Shareholders approved the proposed Cintas merger Both companies also received a second request from the FTC for additional information.
Mar 11, 2026 Cintas agreed to acquire UniFirst UniFirst shareholders would receive cash and Cintas shares for each UniFirst share.

Growing. Revenue grew 33% in 4 years, from $1.8B in FY2021 to $2.4B in FY2025, about 7% a year.

Revenue over time

Uniform & Facility Service Solutions First Aid & Safety Solutions Other

$2.5B$1.3B$0

FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Cintas, Alsco, and Vestis

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