MergerJul 1, 2026, 08:07 AM
UniFirst Q3 Revenue $634.4M; Shareholders Approve Cintas Merger
AI Summary
UniFirst Corporation reported its fiscal 2026 third-quarter results, with consolidated revenues increasing 3.9% to $634.4 million. However, net income significantly decreased to $19.9 million, and diluted earnings per share fell to $1.09, largely impacted by $20.7 million in costs related to the proposed merger with Cintas Corporation. Shareholders approved the merger on June 11, 2026, though the Federal Trade Commission has issued a Second Request for information, and the company has ceased providing financial guidance due to the pending transaction.
Key Highlights
- Shareholders approved the proposed merger with Cintas Corporation on June 11, 2026.
- The Federal Trade Commission (FTC) issued a Second Request for additional information regarding the merger.
- Q3 fiscal 2026 consolidated revenues increased 3.9% to $634.4 million.
- Q3 net income decreased to $19.9 million from $39.7 million in the prior year period.
- Q3 diluted EPS was $1.09, down from $2.13 in the prior year period.
- Q3 results included $20.7 million in Transaction-related Costs for the proposed merger.
- UniFirst is no longer providing financial guidance due to the pending transaction with Cintas.
- Declared a quarterly cash dividend of $0.365 per Common Stock share.
Price Impact
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