UniFirst Q3 fiscal 2024: revenue $603.3M (+4.6%), EPS $2.03 (+57.4%)

UNIFIRST CORP

2024-Q3 EPS reported $5.38 revenue$1,787,564,000

Revenue $603.3M (+4.6% YoY), net income $38.1M (+56.8%), diluted EPS $2.03 (+57.4%).
Core Laundry Operations revenue $528.5M (+5.3%), operating margin 7.0% (from 4.2%).
Specialty Garments revenue $47.6M (-3.7%), operating margin 23.9% (from 25.2%).
Cash flow from ops $193M YTD (+35.2%); no long-term debt; $84M buyback authorization.
FY2024 guidance: revenue $2.415-2.425B, diluted EPS $7.17-7.49; Key Initiative costs ~$12M.

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