UniFirst Corp. announced consolidated unaudited earnings results for the first quarter ended November 24, 2012. For the first quarter, the company's revenues were $332.6 million, up 6.2% from $313.0 million in the year ago period. Net income was $30.8 million or $1.54 per diluted share, up 19.2% compared to $25.8 million or $1.30 per diluted share reported in the year ago period. Income from operations were $49.959 million against $42.354 million a year ago. Income before income taxes were $50.426 million against $41.785 million a year ago. Cash provided by operating activities was $56.2 million, up 83.2% compared to $30.7 million for the first quarter of fiscal 2012. The improved cash flows were primarily the result of higher earnings as well as lower cash outflows related to working capital. Capital expenditures were $25.103 million against $13.966 million a year ago.

The company currently projecting its fiscal 2013 revenues to be between $1.335 billion and $1.348 billion and diluted earnings per share to be between $5.10 and $5.25. The company expect full year effective income tax rate to be approximately 38% for fiscal 2013.