UNIFIRST CORP (UNF) FY2025 10-K Annual Report
UNIFIRST CORP (UNF) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Oct 29, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
UNIFIRST CORP FY2025 10-K Analysis
Business Overview
- • Core business model: Design, manufacture, rent, clean, deliver, and sell uniforms, protective clothing, facility management products, and safety supplies across North America
- • New segment restructuring consolidating six prior segments into three: Uniform & Facility Service Solutions; First Aid & Safety Solutions; Other (nuclear business)
- • Strategic shift: Integration of cleanroom operations into Uniform & Facility Service Solutions; renaming First Aid segment to First Aid & Safety Solutions to reflect expanded scope
- • Employee count approximately 16,000 as of August 30, 2025, supporting diverse customer base over 300,000 locations in U.S., Canada, Europe
- • Manufacturing approximately 62% of garments internally with key plants in Mexico and Nicaragua, plus 99% of mats produced in Arkansas plant
Management Discussion & Analysis
- • Revenue $2.432B, up $4.9M (0.2%) YoY; Uniform segment down 0.2% ($2.219B), First Aid segment up 7.8% ($114.6M)
- • Operating income $184.5M, up $0.9M (0.5%), operating margin flat at 7.6%
- • Best segment: First Aid & Safety Solutions operating income $0.9M vs loss $1.8M prior year; worst: Other segment operating income down 7.6% to $15.1M
- • Cash from operations $296.9M, capex $154.3M; repurchased $70.9M shares, dividends increased by $1.3M
- • Management emphasizes strong cash position ($209.2M), new $300M credit facility, expects liquidity to cover working capital and capex for 12+ months
Risk Factors
- • Mexican federal tax assessment $84.7M disputed since fiscal 2016; Federal Tax Court ruling partial favor in Q1 FY2025
- • Energy cost exposure 3.9% of revenue, with volatility in natural gas, gasoline, and electricity impacting operating expenses
- • Purchase commitments $132.0M non-cancellable, including inventories and software, concentrated payments of $89.3M due within one year
- • Credit facility $300M capacity with $193.3M available; $106.7M in letters of credit outstanding as of August 30, 2025
- • Acquisition financing dependent on external debt markets; future borrowings subject to credit market conditions and covenant compliance
UNIFIRST CORP FY2025 Key Financial MetricsXBRL
Revenue
$2.4B
▲ +0.2% YoY
Net Income
$148M
▲ +1.9% YoY
Operating Margin
7.6%
▲ +2bp YoY
Net Margin
6.1%
▲ +10bp YoY
ROE
6.8%
▼ -6bp YoY
Total Assets
$2.8B
▲ +3.0% YoY
EPS (Diluted)
$7.98
▲ +2.7% YoY
Operating Cash Flow
$297M
▲ +0.5% YoY
Source: XBRL data from UNIFIRST CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.
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