UniFirst Q3 EPS Halves to $1.09, Citing $20.7M in Cintas Merger Costs
UNF sits 79% above its 52-week low of $147.66.
Summary
UniFirst reported a significant 49% drop in Q3 diluted EPS to $1.09, down from $2.13 in the prior year, primarily due to $20.7 million in costs related to its pending acquisition by Cintas. Despite the bottom-line impact, consolidated revenues increased 3.9% to $634.4 million, driven by organic growth in its core Uniform & Facility Service Solutions segment. This financial update follows the 8-K filed today and comes as the company continues to navigate the regulatory review process for the Cintas merger, which received shareholder approval but is now subject to an FTC Second Request. The transaction is still expected to close in the second half of calendar 2026.
At the time of this announcement, UNF was trading at $265.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $147.66 to $283.77. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.