UNF FY 2018 Earnings Report — UniFirst Corporation Revenue & Financial Results | Market Cap Arena

UniFirst CorporationUNF

FY 2018 Earnings

Reported October 22, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.6B	—	6.6%
Op. Income	$182M	—	$110M	—	65.4%
Gross Margin	37.7%	—	37.5%	—	0.2pp
Net Margin	9.7%	—	4.4%	—	5.2pp
EPS (Diluted)	$8.21	—	$3.44	—	138.7%
Free Cash Flow	$117M	—	$110M	—	6.9%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$640M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$358M
SG&A Expenses	$361M
Other Expenses	-$673.0K
Operating Expenses	$457M
Cost & Expenses	$1.5B
OPERATING INCOME	$182M
Interest Income	$6M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$187M
Income Tax Expense	$23M
Net Income from Continuing Ops	$164M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$164M
D&A	$98M
EBIT	$187M
EBITDA	$286M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$640M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$358M
SG&A Expenses	$361M
Other Expenses	-$673.0K
Operating Expenses	$457M
Cost & Expenses	$1.5B
OPERATING INCOME	$182M
Interest Income	$6M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$187M
Income Tax Expense	$23M
Net Income from Continuing Ops	$164M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$164M
D&A	$98M
EBIT	$187M
EBITDA	$286M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$164M
Depreciation & Amortization	$97M
Stock-Based Compensation	$5M
Deferred Income Tax	-$8M
Other Non-Cash Items	$2M
Change in Working Capital	-$29M
OPERATING CASH FLOW	$230M
Capital Expenditure	-$113M
Acquisitions (Net)	-$43M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$154M
Net Debt Issuance	$0
Common Stock Repurchased	-$146M
Common Dividends Paid	-$4M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$153M
FREE CASH FLOW	$117M
Net Change in Cash	-$79M

Balance Sheet

Item	Amount
Cash & Equivalents	$271M
Short-Term Investments	$0
Net Receivables	$201M
Inventory	$265M
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$785M
PP&E (Net)	$560M
Goodwill	$397M
Intangible Assets	$71M
Long-Term Investments	$0
Tax Assets	$425.0K
Other Non-Current Assets	$30M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.8B
Account Payables	$74M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$198M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$74M
Other Non-Current Liabilities	$106M
TOTAL NON-CURRENT LIABILITIES	$180M
TOTAL LIABILITIES	$378M
Common Stock	$2M
Additional Paid-In Capital	$83M
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$0
Net Debt	-$271M