UniFirst Increases Earnings Guidance - Quick Facts

(RTTNews) - UniFirst Corporation (UNF) announced the company now expects fiscal 2018 revenues will be between $1.625 billion and $1.645 billion and full year earnings per share will be between $5.00 and $5.30. In June, the company projected its full year revenues will be between $1.573 billion and $1.580 billion and earnings per share will be between $4.85 and $5.00.

Fourth-quarter adjusted net income was $29.2 million or $1.44 per share up 13.4% compared to $25.8 million or $1.27 per share, a year ago. Revenues for the quarter were $403.6 million, up 10.9% from $363.8 million, last year.

The Core Laundry Operations produced fourth-quarter revenues of $364.8 million, up 10% from prior year. Adjusting for the estimated effect of acquisitions, primarily those from the September 2016 purchase of Arrow Uniform, Core Laundry revenues grew 4.6%.