Company profile

Ticker
UNF
Exchange
Website
CEO
Steven S. Sintros
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
42103460

UNF stock data

(
)

Calendar

9 Jul 20
12 Jul 20
29 Aug 20

News

Company financial data Financial data

Quarter (USD) May 20 Feb 20 Nov 19 Aug 19
Revenue 445.52M 464.6M 465.4M 479.62M
Net income 21.29M 34.68M 48.24M 45.99M
Diluted EPS 1.12 1.82 2.52 2.4
Net profit margin 4.78% 7.46% 10.37% 9.59%
Operating income 27.71M 44.13M 60.1M 58.92M
Net change in cash 25.93M 38.74M -28.75M 35.93M
Cash on hand 421.25M 395.32M 356.59M 385.34M
Cost of revenue 303.22M 301.42M 289.32M 300.57M
Annual (USD) Aug 19 Aug 18 Aug 17 Aug 16
Revenue 1.81B 1.7B 1.59B 1.47B
Net income 179.13M 163.9M 70.2M 125.03M
Diluted EPS 9.33 8.21 3.44 6.17
Net profit margin 9.90% 9.66% 4.41% 8.52%
Operating income 232.01M 182.38M 110.28M 201.16M
Net change in cash 114.83M -79.24M -14.04M 87.24M
Cash on hand 385.34M 270.51M 349.75M 363.8M
Cost of revenue 1.14B 1.06B 993.59M 900.43M

Financial data from Unifirst earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
4 Jun 20 Sintros Steven S Common Stock Sell Dispose S Yes 190 643 122.17K 12,440
3 Jun 20 Sintros Steven S Common Stock Option exercise Aquire M No 102.9 2,667 274.43K 15,107
3 Jun 20 Sintros Steven S Stock Appreciation Right Common Stock ($0.10 par value) Option exercise Dispose M No 102.9 2,667 274.43K 0
3 Jun 20 Sintros Steven S Common Stock Sale back to company Dispose D No 181.81 2,024 367.98K 13,083
2 Mar 20 Cynthia Croatti Common stock Sell Dispose S Yes 185.8162 935 173.74K 4,057
2 Mar 20 Cynthia Croatti Common stock Sale back to company Dispose D No 185.81 3,065 569.51K 4,992
2 Mar 20 Cynthia Croatti Common stock Option exercise Aquire M No 106.99 4,000 427.96K 8,057
2 Mar 20 Cynthia Croatti Stock Appreciation Right Common stock ($0.10 par value) Option exercise Dispose M No 106.99 4,000 427.96K 8,000
20 Feb 20 David Martin Katz Common stock Sell Dispose S Yes 208.19 725 150.94K 3,244
20 Feb 20 David Martin Katz Common stock Sale back to company Dispose D No 209.62 1,941 406.87K 3,969
98.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 239 268 -10.8%
Opened positions 29 40 -27.5%
Closed positions 58 33 +75.8%
Increased positions 78 81 -3.7%
Reduced positions 91 102 -10.8%
13F shares
Current Prev Q Change
Total value 5.61B 9.23B -39.3%
Total shares 15M 14.93M +0.5%
Total puts 0 3.7K EXIT
Total calls 0 1K EXIT
Total put/call ratio 3.7
Largest owners
Shares Value Change
BLK BlackRock 2.22M $335.27M -2.8%
Vanguard 1.62M $244.49M +2.4%
River Road Asset Management 686.34K $103.7M +157.1%
Dimensional Fund Advisors 633.14K $95.66M -1.9%
JHG Janus Henderson 587.07K $88.7M +3.3%
STT State Street 485.36K $73.33M +6.4%
MCQEF Macquarie 432.89K $65.41M -0.9%
Victory Capital Management 432.07K $65.28M +5.1%
NEU Neuberger Berman 412.47K $62.32M -2.5%
NTRS Northern Trust 386.6K $58.41M +1.5%
Largest transactions
Shares Bought/sold Change
River Road Asset Management 686.34K +419.35K +157.1%
Norges Bank 0 -273.74K EXIT
FDx Advisors 194K +194K NEW
Westfield Capital Management 139.08K +139.08K NEW
MNGPF Man 29.6K -139.03K -82.4%
PRU Prudential Financial 73.9K -134.41K -64.5%
Raymond James & Associates 116.89K +88.68K +314.2%
Bessemer 24.55K -73.56K -75.0%
Vaughan Nelson Investment Management 68.5K +68.5K NEW
BLK BlackRock 2.22M -63.69K -2.8%

Financial report summary

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Risks
  • SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
  • RISKS RELATING TO OUR BUSINESS AND INDUSTRY
  • We face intense competition within our industry, which may adversely affect our results of operations and financial condition.
  • The expenses we incur to comply with environmental regulations, including costs associated with potential environmental remediation, may prove to be significant and could have a material adverse effect on our results of operations and financial condition.
  • In addition to contingencies and claims relating to environmental compliance matters, we may from time to time be subject to legal proceedings and claims related to our business operations which may adversely affect our financial condition and operating results.
  • Our failure to implement successfully our acquisition strategy and to grow our business could adversely affect our ability to increase our revenues and could negatively impact our profitability.
  • We may incur unexpected cost increases due to rising healthcare costs, the Affordable Care Act and other labor costs.
  • Our failure to retain our current customers, renew our existing customer contracts and enter into customer contracts with new customers could adversely affect our business, results of operations and financial condition.
  • Increases in fuel and energy costs could adversely affect our operating costs.
  • Fluctuations in the nuclear portion of our Specialty Garments segment, including the loss of key customers or a significant reduction in our business derived from key customers, could disproportionately impact our revenue and net income and create volatility in the price of our Common Stock.
  • Our international business results are influenced by currency fluctuations and other risks that could have an adverse effect on our results of operations and financial condition.
  • Adverse global financial and economic conditions may result in impairment of our goodwill and intangibles.
  • Our failure to properly and efficiently design, construct, implement and operate a new customer relationship management (CRM) computer system could materially disrupt our operations, adversely impact the servicing of our customers and have a material adverse effect on our financial performance.
  • If our information technology systems suffer interruptions or failures, including as a result of cyber-attacks, our business operations could be disrupted.
  • Our business may be subject to seasonal and quarterly fluctuations.
  • Loss of our key management or other personnel could adversely impact our business.
  • We depend on third parties to supply us with raw materials and our results of operations could be adversely affected if we are unable to obtain adequate raw materials in a timely manner.
  • Unexpected events could disrupt our operations and adversely affect our operating results.
  • The price of our Common Stock may be highly volatile, which could result in significant price declines.
  • We are controlled by our principal shareholders, and our other shareholders may be unable to affect the outcome of shareholder voting.
  • Our business could be adversely impacted if we have deficiencies in our disclosure controls and procedures or internal controls over financial reporting.
  • If we are unable to accurately predict our future tax liabilities or become subject to increased levels of taxation or our tax contingencies are unfavorably resolved, our results of operations and financial condition could be adversely affected.
Management Discussion
  • Revenues and income (loss) from operations by reporting segment for fiscal 2019, 2018, and 2017 are presented in the following table. Refer to Note 15, “Segment Reporting”, of our Consolidated Financial Statements for discussion of our reporting segments.
  • We derive our revenues through the design, manufacture, personalization, rental, cleaning, delivering, and selling of a wide range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks and aprons and specialized protective wear, such as flame resistant and high visibility garments. We also rent industrial wiping products, floor mats, facility service products, other non-garment items, and provide restroom and cleaning supplies and first aid cabinet services and other safety supplies, to a variety of manufacturers, retailers and service companies. We have five reporting segments, U.S. and Canadian Rental and Cleaning, MFG, Specialty Garments, First Aid and Corporate. We refer to the U.S. and Canadian Rental and Cleaning, MFG, and Corporate reporting segments combined as our “Core Laundry Operations.”
  • Cost of revenues include the amortization of rental merchandise in service and merchandise costs related to direct sales as well as labor and other production, service and delivery costs, and distribution costs associated with operating our Core Laundry Operations, Specialty Garments facilities, and First Aid locations. Selling and administrative costs include costs related to our sales and marketing functions as well as general and administrative costs associated with our corporate offices, non-operating environmental sites and operating locations including information systems, engineering, materials management, manufacturing planning, finance, budgeting, and human resources.
Content analysis ?
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Legalese
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Readability
H.S. senior Avg
New words: assessed, assessment, bad, bankruptcy, begun, chain, forced, indirect, instituted, introduced, large, lifted, long, observable, persist, procurement, qualitatively, reopen, sanitizer, structure, training
Removed: pressure