UniFirst Specialty Garments produces record results for Q3

01 Jul '10

4 min read

UniFirst continues to generate strong cash flows and maintain a solid balance sheet. At the end of the third quarter, the Company had $104.5 million of cash and cash equivalents on hand, up from $60.2 million at the end of fiscal 2009. Cash produced by operating activities for the first nine months of fiscal 2010 was $99.8 million and, as of the end of the third quarter, total debt as a percentage of capital declined to 20.8% from 22.5% at the end of fiscal 2009.

Mr. Croatti continued, "Although improved, economic conditions remain challenging. Nevertheless, our recent performance has allowed us to continue to strengthen our balance sheet and overall financial condition. We feel that we are well positioned both operationally and financially to take advantage of strategic opportunities as they arise."

UniFirst Corporation is one of the largest providers of workplace uniforms, protective clothing, and facility services products in North America. The Company employs nearly 10,000 Team Partners who serve more than 225,000 customer locations in 45 U.S. states, Canada, and Europe from over 200 customer service, distribution, and manufacturing facilities. UniFirst is a publicly held company traded on the New York Stock Exchange under the symbol UNF and is a component of the Standard & Poor's 600 Small Cap Index.

UniFirst Corporation

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