WILMINGTON — UniFirst Corp. said Wednesday that its net income jumped 39 percent in its fiscal second quarter on improved revenue. The results beat expectations, and the uniform company increased its full-year forecast. Its shares were up just over 1 percent in midday trading after briefly rising to an all-time high earlier in the session. The company earned $26.6 million, or $1.33 per share, for the quarter that ended Feb. 23. That’s up from $19.2 million, or 96 cents per share, a year ago. Revenue rose nearly 8 percent to $334.3 million with gains in its core laundry operations and a decline in its specialty garment segment. Analysts polled by FactSet expected earnings of $1.13 per share on revenue of $329.1 million. TA Associates and Updata Partners, two private equity firms, said Wednesday that they plan to "make a significant investment" in the Nintex Group, an Australian company specializing in workflow software. The US economy will continue to improve over the next year, but at “painfully slow pace” that will make only a modest dent in unemployment, Eric S. Rosengren, president of the Federal Reserve Bank of Boston said Wednesday. Nordblom Co., which is developing the 3rd Ave mixed-use complex that plans to feature lots of retail and entertainment, said that Kings Bowl will join a Wegmans supermarket as an anchor tenant for the Burlington project. Jo-Ann Stores, a fabric-and-craft retailer with more than 800 stores, has selected the Demandware Commerce platform to support its digital commerce strategy, Burlington-based Demandware Inc. said Wednesday. Boston-based Suffolk Construction said it recently marked the topping off of the 50-acre Rental Car Center at Boston's Logan International Airport. Suffolk is managing construction of the Massachusetts Port Authority's $300 million complex to consolidate Logan's rental car facilities. Hub textbook firm Houghton Mifflin Harcourt said Tuesday that it has appointed Mary Cullinane to be its first chief content officer. | | |
No comments:
Post a Comment