8-K - UniFirst Corporation | StockGist

AI Analysis

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UniFirst Corporation reported second quarter fiscal 2026 results with revenue growth but lower profitability, while also disclosing a definitive agreement for its acquisition by Cintas Corporation.

Key Takeaways

1Consolidated revenue increased 3.4% to $622.5 million, driven by organic growth in the core Uniform & Facility Service Solutions segment.

2Net income declined to $20.5 million from $24.5 million, with diluted EPS of $1.13 compared to $1.31 in the prior year period.

3The company entered a definitive agreement for Cintas to acquire UniFirst, with shareholders receiving $155.00 cash and 0.7720 Cintas shares per UniFirst share.

4Operating margin decreased to 4.2% from 5.2%, reflecting planned investments in growth and digital transformation initiatives.

5The company has ceased providing financial guidance and hosting quarterly conference calls due to the pending transaction with Cintas.

6Cash, cash equivalents and short-term investments were $157.5 million with no long-term debt outstanding as of February 28, 2026.

Current Report Details

Event Type

Financial Results

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

2.02

, including the exhibit attached hereto, is furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for any purpose, including for purposes

Financial Results

9.01

Financial Statements and Exhibits. (d) Exhibits | Exhibit Number | | Description | |---|---|---| | 99 | | Press release of the Company dated April 1, 2026. | |

Exhibits Only

Source Document

Results of Operations

Second Quarter Fiscal 2026

Metric	Value	Basis	Prior Period
Revenue	$622.50		$602.20
Operating Income	$26.00		$31.20
Net Income	$20.50		$24.50
Diluted EPS	$1.13		$1.31
Operating Margin	4.2%		5.2%
Adjusted EBITDA	$66.80	Non-GAAP	$68.90
Adjusted EBITDA Margin	10.7%	Non-GAAP	11.4%

Capital Return

Dividend/Share

0.365

Buyback Auth.

8.9

Transaction Details

Acquisition / Disposition

Target: UniFirst Corporation
Consideration: $155.00 in cash and 0.7720 shares of Cintas stock for each UniFirst share
Structure: Cintas will acquire UniFirst

•Expected to close in the second half of calendar 2026
•Subject to customary closing conditions
•Approval by UniFirst shareholders
•Receipt of certain regulatory approvals

Exhibits (2)

8-K

EX-99