Canada's Unisync swings to Q1 profit

Unisync

11/02/2026 12:09

Overview

Canada corporate apparel provider's Q1 net income of C$0.9 mln vs. loss last year

Q1 revenue decreased to C$20.9 mln, impacted by lower public sector volumes

Company secured C$7.5 mln in new annualized business during Q1

Outlook

Unisync pursues robust pipeline of opportunities in Canada and U.S. for 2026

Peerless Garments has $25.3 mln in firm contracts and options

Company secured $7.5 mln in annualized new business in Q1 2026

Result Drivers

SALES MIX - Improved gross margin due to more favorable sales mix and reduced offshore product costs

PUBLIC SECTOR VOLUMES - Revenue decline attributed to lower volumes in public sector accounts

NEW CONTRACTS - Secured C$7.5 mln in new annualized business in Q1

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$20.90 mln
Q1 Pretax Profit
C$1.20 mln


Press Release: ID:nGNX40W9YX

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)