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Unifirst Corp
As of May 31, 2026 at 24:02 UTC
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About Unifirst Corp
UniFirst Corp provides uniform and workwear programs, facility management, and safety supplies and services across North America. It designs, manufactures, rents, cleans, and sells uniforms and protective clothing, including flame-resistant and high-visibility garments. It also offers industrial wiping products, floor mats, cleaning supplies, first aid cabinets, and fire protection services such as inspection and maintenance. Serving various industries, the company provides customized uniforms and specialized cleaning for nuclear and cleanroom facilities. It operates through three segments: Uniform & Facility Service Solutions, First Aid & Safety Solutions, and Other, with the majority of revenue from Uniform & Facility Service Solutions.
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Latest News
5 articlesMonteverde & Associates PC, a class action securities firm, has launched legal investigations into four major merger and acquisition transactions. The firm is investigating potential shareholder concerns related to the sales/mergers of Whitestone REIT (to Ares Management), Green Dot Corporation (to Smith Ventures and CommerceOne Financial), UniFirst Corporation (to Cintas Corporation), and Global Net Lease (merger with Modiv Industrial). The firm invites shareholders to contact them with concerns regarding fair deal terms.
UniFirst Corporation declared regular quarterly cash dividends of $0.365 per share on Common Stock and $0.292 per share on Class B Common Stock, payable on June 26, 2026 to shareholders of record on June 5, 2026.
Cintas reported Q3 earnings per share of $1.24, beating consensus estimates, with quarterly sales of $2.84 billion up 8.9% year-over-year. The company achieved record gross margins of 51% and raised its FY2026 sales outlook. Following its $5.5 billion acquisition of UniFirst, Cintas expects $375 million in operating cost synergies within four years. Despite strong results, CTAS shares declined 0.71% on the day.
Cintas Corporation has made a $5.2 billion all-cash offer to acquire rival UniFirst Corporation at $275 per share, representing a 64% premium. The merger would combine the industry's #1 and #3 players, creating a dominant force controlling nearly half the market. The deal is supported by activist investor pressure and includes a $350 million reverse termination fee to address antitrust concerns. The combination promises significant operational efficiencies and value creation through improved route density and cost optimization.
UniFirst Corporation's Board of Directors declared regular quarterly cash dividends of $0.365 per share on Common Stock and $0.292 per share on Class B Common Stock, payable on March 27, 2026 to shareholders of record on March 6, 2026.