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David Martin Katz, Executive Vice President of Sales and Marketing at Unifirst Corp (NYSE:UNF), recently sold a portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Katz sold 1,299 shares of Unifirst common stock on February 18, 2025, at a price of $210.95 per share. The total transaction value amounted to $274,024. The transaction occurred as the company, with a market capitalization of $3.96 billion, maintains a perfect Piotroski Score of 9, indicating strong financial health according to InvestingPro analysis.
Following this sale, Katz retains ownership of 6,455 shares, which includes restricted stock units scheduled to vest in future years. The company’s strong financial position is reflected in its 43-year track record of consistent dividend payments and robust balance sheet metrics. The transaction was executed under a Rule 10b5-1 trading plan established in November 2024, allowing insiders to set up a predetermined schedule for selling stocks. For comprehensive analysis and additional insights, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, UniFirst Corporation announced its first-quarter financial results for fiscal year 2025, reporting an earnings per share (EPS) of $2.31, which missed the projected $2.43. The company’s revenue reached $604.9 million, slightly below the anticipated $611.54 million. Despite these shortfalls, UniFirst experienced growth in operating income and adjusted EBITDA, which increased by 4.5% and 5.9% respectively. The company maintains an optimistic outlook for fiscal year 2025, projecting revenue between $2.425 billion and $2.440 billion and diluted EPS from $6.79 to $7.19. Additionally, UniFirst held its Annual Meeting of Shareholders, where three Class III Directors were reelected, and executive compensation was approved. Shareholders also ratified the appointment of Ernst & Young LLP as the independent auditor for the fiscal year. In other developments, UniFirst’s management rejected an acquisition proposal from Cintas (NASDAQ:CTAS), focusing instead on internal growth and transformation. These recent developments highlight UniFirst’s strategic initiatives and ongoing investments in technology and operational efficiency.
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