Baird Gives Industry Economic Update
Using data from the Robert W. Baird & Co. and TRSA First-Quarter 2021 Uniform & Linen Rental Survey as well as the latest key economic indicators, a pair of Baird analysts gave an assessment of the state of the linen, uniform and facility services industry during TRSA’s recent webinar presentation, titled “Textile Services Market Forecast.”
The hour-long economic update was co-hosted by Baird Senior Research Analyst Andrew Wittmann and Senior Research Associate Justin Hauke. The presentation included the following information:
- An update on financial markets, including the S&P 500 and cryptocurrency such as bitcoin
- Key economic indicators, such as consumer spending, housing markets, inflation and the industrial economy
- Labor trends, including jobless claims and the unemployment rate
The presentation also included an overview of publicly traded uniform rental company stocks, including Aramark, Cintas and UniFirst. The co-hosts compared each of the company’s most recent results and looked at the impact of COVID-19 on each of these companies’ revenues. The presentation closed with a review of the latest Uniform & Linen Rental Survey results from the survey released in March. To view a recap of the results, click here.
For more information and/or to participate in the Robert W. Baird & Co. and TRSA quarterly Uniform & Linen Rental Survey, contact Wittmann at awittmann@rwbaird.com or Hauke at jhauke@rwbaird.com. Thanks to TRSA supplier partner JENSEN for sponsoring the webinar.
TRSA offers 150+ industry-specific programs that provide professional development and training on a range of issues, including regulatory/compliance matters, safety, best practices and strategies for enhancing productivity. Go to www.trsa.org/ondemand to visit TRSA’s On-Demand Learning Portal to view this webinar and more.