UniFirst Corporation (NYSE:UNF) Q2 2023 Earnings Call Transcript

Jack Boyle : Great. I appreciate that. And just as an extra follow-up, could you go into any more detail as to, maybe some of that footprint overlap? Could you quantify how many or how much you guys had existing service in the area? Maybe how much that was unserved by you?

Steven Sintros : Yeah, I would say that every market that they’re servicing, we service, as well. So a good example would be St. Louis, which is really their own market. They have three operating plants in the Greater St. Louis area, all within 30, 40 miles of St. Louis, and we have one branch. Our nearest plant is Springfield Missouri. So that’s a good example of how, well eventually our depot facility in St. Louis will be merged into their St. Louis operations. And there’s some other operations in different markets like Tulsa and Kansas City that go in the other direction. But every market we do commonly serve together, but it’s amount of scale who has a processing facility and being able to kind of merge those operations to optimize the markets.

Jack Boyle : Very good. Thank you for the additional detail.

Steven Sintros : Thank you.

Operator: Gentlemen are no further questions at this time.

Steven Sintros: Okay, I’d like to thank everyone for joining us today to review our second quarter results, and we look forward to speaking with everyone again in June, when we expect to be reporting our third quarter performance, as well as our outlook for the remainder of 2023. Thank you, and have a great day.

Operator: That does conclude the conference call for today. We thank you for your participation and ask that you please disconnect your line. Have a great day everyone.