UniFirst Corporation announced on April 8, 2025, that its Board of Directors authorized a new share repurchase program. This program allows the company to repurchase up to $100.0 million of its outstanding common shares.
The new authorization includes any remaining amount from a previously approved share repurchase program in October 2023. Repurchases may be conducted from time to time in either the open market or through privately negotiated transactions.
The timing, manner, price, and amount of any repurchases will depend on various factors, including economic and market conditions, the company's stock price, corporate liquidity requirements, and applicable legal requirements. This action demonstrates UniFirst's commitment to enhancing shareholder value.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.