UniFirst Q3 earnings fall 50% on $20.7M Cintas merger costs; FTC issues Second Request

Filed July 1, 2026 · Period ending July 1, 2026 · ~1 min read

Key Changes

• high

  Net income fell 50% to $19.9M and EPS dropped from $2.13 to $1.09, driven by $20.7M in Cintas merger transaction costs plus $5.2M in ERP expenses that together reduced EPS by $1.08.

  Exhibit 99 verify on EDGAR →
• high

  FTC issued Second Request on June 11, 2026, extending regulatory review timeline; transaction now expected to close in second half of calendar 2026 pending FTC approval.

  Exhibit 99 verify on EDGAR →
• high

  Operating margin compressed from 7.9% to 3.6% despite 3.9% revenue growth to $634.4M, as merger and ERP costs reduced operating income by $26.0M.

  Exhibit 99 verify on EDGAR →