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TheStreet Open House

Unifirst CEO Discusses Q1 2011 - Earnings Call Transcript

Unifirst Corporation (UNF)

Q3 2010 Earnings Call

January 5, 2011 10:00 am ET

Executives

Ronald Croatti – President, Chief Executive Officer

Steven Sintros – Chief Financial Officer

Analysts

John Healy – Northcoast Research

Molly McGarrett – JPMorgan

Andrew Whitman – Robert W. Baird

Chris McGinnis – Sidoti & Company

Michael Kim – Imperial Capital

Presentation

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Unifirst Corporation First Quarter Earnings Results conference call. During the presentation, all participants will be in a listen-only mode. Afterwards we will conduct a question and answer session. At that time, if you have a question, please press the one followed by the four on your telephone. If at any time during the conference you need to reach an operator, please press the star followed by the zero.

I would now like to turn the conference over to Mr. Steve Sintros, Chief Financial Officer at Unifirst Corporation. Please go ahead, sir.

Steven Sintros

Thank you and welcome to the Unifirst Corporation conference call to review our first quarter results for fiscal 2011 and to discuss our expectations going forward. I’m Steven Sintros, Unifirst’s Chief Financial Officer. Joining me today is Ronald Croatti, Unifirst’s President and Chief Executive Officer. This call will be on a listen-only mode until we complete our prepared remarks.

Now before I turn the call over to Ron, I would like to give a brief disclaimer. This conference call may contain forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties. The words anticipate, optimistic, believe, estimate, expect, intend, and similar expressions that indicate future events and trends identify forward-looking statements. Actual future results may differ materially from those anticipated depending on a variety of factors, including but not limited to the continued availability of credit and the performance of capital markets, the performance of acquisitions, fluctuations in the costs of materials, fuel and labor, and the outcome of pending and future and litigation and environmental matters. I refer you to our discussion of these points in our most recent Form 10-K filing with the Securities and Exchange Commission.

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