UniFirst Corporation Reports Earnings Results for the Second Quarter and Six Months Ended February 24, 2024
March 27, 2024 at 08:07 am EDT
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UniFirst Corporation reported earnings results for the second quarter and six months ended February 24, 2024. For the second quarter, the company reported sales was USD 590.71 million compared to USD 542.69 million a year ago. Net income was USD 20.46 million compared to USD 17.81 million a year ago. Diluted earnings per share from continuing operations was USD 1.09 compared to USD 0.95 a year ago.
For the six months, sales was USD 1,184.24 million compared to USD 1,084.49 million a year ago. Net income was USD 62.78 million compared to USD 51.77 million a year ago. Diluted earnings per share from continuing operations was USD 3.35 compared to USD 2.76 a year ago.
UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States. The Company operates through five segments: The U.S. and Canadian Rental and Cleaning, Manufacturing (MFG), Specialty Garments Rental and Cleaning (Specialty Garments), First Aid and Corporate. The U.S. and Canadian Rental and Cleaning segment purchases, rents, cleans, delivers, and sells, uniforms and protective clothing and non-garment items in the United States and Canada. The MFG segment designs and manufactures uniforms and non-garment items primarily for the purpose of providing these goods to the United States and Canadian Rental and Cleaning segment. The Specialty Garments segment purchases, rents, cleans, delivers, and sells, specialty garments and non-garment items primarily for nuclear and cleanroom applications and provides cleanroom cleaning services at limited customer locations. The First Aid segment sells first aid cabinet services and other safety supplies.