UniFirst reports Q3 fiscal 2026 revenue growth amid merger-related costs
UniFirst Corporation reported consolidated revenues of $634.4 million for the third quarter of fiscal 2026 ended May 30, 2026, up 3.9% from $610.8 million in the prior-year period. Operating income fell to $23.0 million from $48.2 million, and diluted earnings per share declined to $1.09 from $2.13, reflecting approximately $20.7 million in transaction-related costs tied to the proposed merger with Cintas Corporation. UniFirst shareholders approved the merger on June 11, 2026; under the definitive agreement announced March 11, 2026, shareholders will receive $155.00 in cash and 0.7720 shares of Cintas stock per share. The companies received a Second Request from the Federal Trade Commission on June 11, 2026, and the transaction is expected to close in the second half of calendar 2026.
Key facts
- Transaction-related costs of approximately $20.7 million in Q3 fiscal 2026 (legal, advisory, and professional service fees)
- Merger consideration: $155.00 in cash and 0.7720 shares of Cintas stock per UniFirst share
- Consolidated revenues $634.4 million, up 3.9% to prior-year $610.8 million
- Operating income $23.0 million vs. $48.2 million prior year
- Diluted earnings per share $1.09 vs. $2.13 prior year
- Adjusted EBITDA $82.6 million (13.0% margin) vs. $85.8 million (14.1% margin) prior year
- UniFirst shareholders approved merger on June 11, 2026
- FTC issued Second Request on June 11, 2026
- Enterprise resource planning project costs $5.2 million in Q3 fiscal 2026 vs. $1.0 million prior year
- Cash and short-term investments $168.9 million; no long-term debt as of May 30, 2026
Why it matters
The merger with Cintas is contingent on FTC approval and closing conditions; the Second Request signals extended regulatory review that could delay or alter deal terms, materially affecting the company's shareholder value and timing of the transaction.
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Derived from 8-K filed 2026-07-01. Not investment advice. View the source filing on SEC.gov →