UniFirst Posts $34.7M Q4 Net Income
UNF sits 81% above its 52-week low of $147.66.
Summary
UniFirst reported fourth-quarter net income of $34.7M, with EPS of $1.90 and revenue of $645M. The profit figure lands while the company is still absorbing merger-related costs tied to the pending Cintas acquisition, which has been under extended regulatory review, and with internal control remediation running behind schedule. The COO seat has also been in flux since Kelly Rooney's September separation, leaving two operations VPs covering the role. The headline profit now comes alongside the quarter's revenue and per-share results, giving the market a fuller read on how the number stacks up against prior quarters.
At the time of this announcement, UNF was trading at $266.63 on NYSE in the Trade & Services sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $147.66 to $306.67. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.