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UNF Unifirst

Headquartered in Wilmington, Mass., UniFirst Corporation (NYSE: UNF) is a North American leader in the supply and servicing of uniform and workwear programs, as well as the delivery of facility service programs. Together with its subsidiaries, the Company also provides first aid and safety products, and manages specialized garment programs for the cleanroom and nuclear industries. UniFirst manufactures its own branded workwear, protective clothing, and floorcare products; and with 260 service locations, over 300,000 customer locations, and 14,000-plus employee Team Partners, the Company outfits nearly 2 million workers each business day.

Company profile

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

UNF stock data

(
)

Calendar

8 Apr 21
22 Apr 21
29 Aug 21
Quarter (USD)
Feb 21 Nov 20 Aug 20 May 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Aug 20 Aug 19 Aug 18 Aug 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Unifirst earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 David A Difillippo Common Stock Sell Dispose S No Yes 221.89 771 171.08K 11,549
1 Apr 21 David A Difillippo Common Stock Sale back to company Dispose D No No 223.71 1,896 424.15K 12,320
1 Apr 21 David A Difillippo Common Stock Option exercise Aquire M No No 106.99 2,667 285.34K 14,216
1 Apr 21 David A Difillippo Stock Appreciation Rights Common Stock ($0.10 par value) Option exercise Dispose M No No 106.99 2,667 285.34K 0
1 Apr 21 David Martin Katz Common Stock Sell Dispose S No Yes 221.89 500 110.95K 4,413
1 Apr 21 David Martin Katz Common Stock Sale back to company Dispose D No No 223.71 833 186.35K 4,913
1 Apr 21 David Martin Katz Common Stock Option exercise Aquire M No No 104.67 1,333 139.53K 5,746
1 Apr 21 David Martin Katz Stock Appreciation Rights Common Stock ($0.10 par value) Option exercise Dispose M No No 104.67 1,333 139.53K 0
1 Apr 21 Sintros Steven S Common Stock Sell Dispose S No Yes 221.89 982 217.9K 14,920
1 Apr 21 Sintros Steven S Common Stock Sale back to company Dispose D No No 223.71 1,685 376.95K 15,902

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

97.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 254 258 -1.6%
Opened positions 33 25 +32.0%
Closed positions 37 22 +68.2%
Increased positions 71 81 -12.3%
Reduced positions 106 107 -0.9%
13F shares
Current Prev Q Change
Total value 3.13B 2.8B +11.9%
Total shares 14.79M 14.78M +0.0%
Total puts 2.3K 0 NEW
Total calls 0 0
Total put/call ratio Infinity
Largest owners
Shares Value Change
BLK Blackrock 2.31M $489.64M +5.3%
Vanguard 1.53M $323.23M +2.4%
London Co Of Virginia 652.44K $138.12M +164.6%
River Road Asset Management 606.4K $128.37M -26.9%
Dimensional Fund Advisors 570.54K $120.78M -2.3%
JHG Janus Henderson 502.07K $106.28M -5.0%
TROW T. Rowe Price 490.94K $103.93M +6.3%
STT State Street 478.21K $101.35M +3.6%
MCQEF Macquarie 457.93K $96.94M +5.3%
Victory Capital Management 447.65K $94.76M +3.8%
Largest transactions
Shares Bought/sold Change
London Co Of Virginia 652.44K +405.87K +164.6%
Norges Bank 232.8K +232.8K NEW
River Road Asset Management 606.4K -222.91K -26.9%
Westfield Capital Management 0 -166.25K EXIT
Carlson Capital L P 0 -157.7K EXIT
BLK Blackrock 2.31M +116.13K +5.3%
AMP Ameriprise Financial 366.72K +105.77K +40.5%
Sirios Capital Management L P 101.3K +101.3K NEW
American Century Companies 81.88K -93.98K -53.4%
Hunter Perkins Capital Management 70.73K +70.73K NEW

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.
  • Adverse economic and business conditions or geopolitical events, including public health events such as the COVID-19 pandemic, may affect our customer base and negatively impact our sales and operating results.
  • 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, due to the COVID-19 pandemic or otherwise, could adversely affect our ability to increase our revenues and could negatively impact our profitability.
  • If we are unable to preserve positive labor relationships or become the target of corporate labor unionization campaigns, the resulting labor unrest could disrupt our business by impairing our ability to produce and deliver our products.
  • 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.
  • As a result of our significant presence in energy producing regions, a prolonged drop in energy prices could negatively impact our financial results.
  • 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 or other material adverse impacts on our business could result.
  • 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.
  • Changes in or new interpretations of the governmental regulatory framework may affect our contract terms and may reduce our sales or profits.
  • 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
  • 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.
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New words: began, deferral, deployment, Medicare, multiple, peak, restated, scheduled, winter
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