UNISYNC Corp. Reports Q2 Fiscal 2026 Results

Unisync Corp., the Toronto-based uniform and workwear company, posted strong Q2 results with net income jumping to $2.2 million compared to just $0.1 million in the same quarter last year, as reported by the Montreal Gazette. The TSX-listed company saw revenues climb $4.1 million year-over-year to $28.7 million, driven by new business contracts that began shipping during the quarter. The numbers tell a story of momentum building across Unisync's operations. Gross margins expanded significantly to 25.8% from 20.5% the previous year, while adjusted EBITDA rose to $4.7 million. The company secured over $8 million in new annual business during the quarter alone, bringing their year-to-date total to approximately $15.2 million in fresh contracts. "Our second quarter results build on the strong start to the year and reflect the continued momentum across our business," said Michael Smith, President of Unisync Group, highlighting how new program wins are translating into revenue growth alongside improved efficiency and margins. The growth story extends beyond a single quarter. For the six-month period, Unisync reported net income before taxes of $4.3 million, a dramatic turnaround from a $0.1 million loss in the prior year. The company's two main segments — UGL and Peerless Garments — both contributed to the success, with the majority of new business wins coming from U.S. customers, helping diversify their revenue base. For West Island residents, Unisync's performance offers a window into how Quebec-connected companies are navigating the post-pandemic business landscape. While headquartered in Toronto, the company's success in securing U.S. contracts reflects the broader trend of Canadian businesses expanding south of the border. The Peerless Garments segment alone has $26.5 million in firm contracts and options, suggesting steady work ahead. The company's management remains optimistic about their pipeline, with UGL actively pursuing opportunities in both Canada and the U.S. throughout 2026. Interest expenses also declined by $0.2 million due to reduced borrowings, indicating improved financial discipline. Looking ahead, Unisync appears well-positioned with what management describes as a "robust pipeline of material opportunities." For a company that dresses workers across North America, these results suggest they're finally wearing success quite well themselves.