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Cintas Corporation - CTAS STOCK NEWS

Welcome to our dedicated page for Cintas Corporation news (Ticker: CTAS), a resource for investors and traders seeking the latest updates and insights on Cintas Corporation stock.

Cintas Corporation (NASDAQ: CTAS) is a leading provider of business-to-business services headquartered in Cincinnati. The company specializes in offering a wide range of services to businesses globally, ensuring their facilities and employees are clean, safe, and well-presented. Cintas' core services include uniform rental and sales, facility services, first aid and safety, fire protection, cleanroom services, document management, and promotional products.

Cintas' uniform rental programs are comprehensive, including office attire, custom-tailored apparel, flame-resistant clothing, lab coats, and other profession-specific uniforms. In addition to uniforms, Cintas provides facilities services involving the rental and sale of entrance mats, mops, shop towels, hand sanitizers, and restroom supplies. The company also offers safety and compliance solutions such as first aid kits, fire extinguishers, and safety training.

Recent achievements highlight Cintas' commitment to inclusivity and technological advancement. The company's partnership with Project SEARCH in Little Rock, Arkansas, exemplifies its dedication to disability inclusion. This initiative has successfully integrated young adults with developmental disabilities into the workforce, ensuring zero turnover among participants over the past five years. Moreover, Cintas' collaboration with Google Cloud leverages Vertex AI to enhance operational efficiency and customer experience through advanced AI-powered internal knowledge centers.

Financially, Cintas remains robust, being publicly traded on the Nasdaq Global Select Market and featured in the Standard & Poor's 500 Index and Nasdaq-100 Index. Their strategic initiatives and partnerships aim to sustain this growth trajectory while fostering a diverse and inclusive work environment.

To stay updated with the latest Cintas news and developments, visit their official news sources and social media channels.

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Cintas (Nasdaq: CTAS) has climbed to No. 839 on the 2024 Forbes Global 2000 list, up from No. 884 in 2023. This ranking reflects Cintas' continued growth and success, with the company increasing sales and profits in 53 of the past 55 years. Forbes used data from FactSet Research Systems to evaluate companies based on sales, profits, assets, and market value.

For the ranking period, Cintas reported $9.41 billion in sales, $1.5 billion in profit, $8.98 billion in assets, and a $70.23 billion market value. The company's fiscal year 2024, which ended May 31, 2024, saw revenues of $9.60 billion, an 8.9% increase from the previous year. Operating income for fiscal 2024 reached $2.07 billion, a 14.8% increase from fiscal 2023.

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Cintas (CTAS) has announced a 15.6% increase in its quarterly cash dividend to $1.56 per share, payable on September 3, 2024. The company has also approved a new $1.0 billion stock buyback program, in addition to an existing $0.5 billion program. This brings the total potential buyback to $1.5 billion. Cintas has consistently raised its dividend for 41 years since its IPO in 1983. The company's CEO, Todd M. Schneider, highlighted Cintas' strong financial results and position, marking 53 out of the last 55 years of sales and profit growth. These actions demonstrate Cintas' commitment to returning capital to shareholders and confidence in its future prospects.

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Cintas (CTAS) reported strong Q4 and full-year fiscal 2024 results. Q4 revenue increased 8.2% to $2.47 billion, with organic growth of 7.5%. Q4 diluted EPS rose 19.8% to $3.99. For the full fiscal year, revenue grew 8.9% to $9.60 billion, and diluted EPS increased 16.6% to $15.15. Operating income margin reached an all-time high.

For fiscal 2025, Cintas projects revenue between $10.16-$10.31 billion and diluted EPS of $16.25-$16.75. The company announced a 4-for-1 stock split effective September 11, 2024. Cintas continues to focus on customer experience, company culture, and growth through technology investments and strategic acquisitions.

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Cintas (Nasdaq: CTAS) has been named one of Selling Power's 60 Best Companies to Sell For in 2024, marking its 19th consecutive year on this prestigious list. Josh Hazen, Senior VP of Rental Field Sales, highlighted Cintas' success in fostering talented sales representatives through comprehensive training and development programs.

The company's customer-focused approach and opportunities for advancement have contributed to its consistent recognition. Selling Power's research team evaluated companies across five key areas: Company Overview, Compensation and Benefits, Hiring, Sales Training & Enablement, Commitment to Fostering Diversity and Inclusion, and AI Incorporation into Improving Sales Processes.

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Cintas (Nasdaq: CTAS) has been honored by Newsweek as one of America's Greatest Workplaces, reflecting its commitment to a supportive and inclusive corporate culture. The award was based on extensive data, including employee surveys and HR interviews, covering over 250,000 employees from companies with more than 500 employees in 2023 and 1,000 in 2022. Cintas has also received accolades from Forbes and FORTUNE, highlighting its exceptional workplace practices. The company emphasizes employee engagement and values-driven culture as key components of its success.

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Cintas (Nasdaq: CTAS) has announced the release of its fiscal year 2024 fourth quarter and full year results, scheduled for Thursday, July 18, 2024. The company will hold a conference call to discuss these financial results, with a live webcast accessible to individual investors and the public starting at 10:00 a.m. Eastern Time on the same day. The webcast can be accessed through the Cintas website. For those who miss the live event, a replay will be available approximately two hours after the call concludes and will remain accessible for two weeks.

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Cintas (Nasdaq: CTAS) has opened nominations for the 2024 C.A.P.E. Awards, honoring Environmental Services (EVS) Technicians in healthcare facilities across the U.S. and Canada. Nominations are accepted until August 12, recognizing EVS staff for their important role in infection control and patient care. Each of the ten selected winners will receive a $2,500 cash prize, a $2,500 donation to a healthcare institution or charity, a Rubbermaid cleaning cart, and a scholarship to an AHE training program. The awards highlight the often-overlooked contributions of these frontline workers in maintaining clean and safe environments in hospitals and care facilities.

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Cintas (Nasdaq: CTAS) has been named to the Fortune 500 list for the seventh consecutive year, improving its position to 437 from 473 in 2023.

This achievement is based on the company's fiscal year revenues, which reached $8.82 billion in 2023, a 12.2% increase over the previous year's $7.85 billion.

In the first three quarters of FY2024, Cintas reported revenues of $7.13 billion, a 9.17% increase over the same period in FY2023 ($6.531 billion). Cintas will release its full-year FY2024 results in July 2024.

CEO Todd Schneider credited the dedication of Cintas' employee-partners for this continued success, highlighting the company's commitment to customer satisfaction.

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Cintas' Management Trainee (MT) Program offers young professionals immersive, hands-on training across various company operations including sales, service, production, operations, and administration. The program spans 15 months, after which trainees are placed in supervisory and leadership roles. Cintas emphasizes the importance of mentorship, pairing trainees with former trainees, and provides numerous opportunities for rotation across departments to help participants explore different career paths. Notably, two of the company's CEOs, including current CEO Todd Schneider, were management trainees. This year, Cintas has received several accolades recognizing it as a top workplace for young professionals, including Forbes' list of Best Employers for New Grads, Newsweek's America's Best Workplaces for Job Starters, and the Handshake Early Talent Award.

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Cintas (Nasdaq: CTAS) has been recognized by Forbes as one of America’s Best Employers for New Graduates for 2024. This accolade highlights Cintas' commitment to nurturing young professionals by providing essential resources, training, and tools for career success. The recognition is based on a survey of over 100,000 young professionals, assessing employers on reputation, salary, education, career advancement, and other factors. Additionally, Newsweek has also named Cintas to its list of America’s Best Workplaces for Job Starters for 2024, reinforcing the company's focus on the development and support of young employees.

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FAQ

What services does Cintas Corporation provide?

Cintas offers uniform rental and sales, facility services, first aid and safety, fire protection, cleanroom services, document management, and promotional products.

Where is Cintas Corporation headquartered?

Cintas Corporation is headquartered in Cincinnati, Ohio.

What is Cintas' core business?

Cintas' core business includes uniform rental programs, facilities services, and safety solutions such as first aid kits and fire protection.

How does Cintas support disability inclusion?

Cintas partners with Project SEARCH to integrate young adults with developmental disabilities into their workforce, ensuring inclusivity and support for these individuals.

What recent technological advancements has Cintas made?

Cintas has partnered with Google Cloud to develop an AI-powered internal knowledge center using Vertex AI, aiming to enhance customer service and operational efficiency.

On which stock market is Cintas traded?

Cintas is traded on the Nasdaq Global Select Market under the symbol CTAS.

What indices include Cintas Corporation?

Cintas is a component of both the Standard & Poor's 500 Index and the Nasdaq-100 Index.

What is Project SEARCH?

Project SEARCH is a job-training initiative for young adults with developmental disabilities, which Cintas partners with to ensure inclusive employment.

How does Cintas' partnership with Google Cloud benefit the company?

The partnership improves operational efficiency and customer service through AI-powered tools that help employees access critical information quickly.

What kind of uniforms does Cintas provide?

Cintas provides a variety of uniforms including office attire, flame-resistant clothing, lab coats, and other occupation-specific apparel.

Cintas Corporation

Nasdaq:CTAS

CTAS Rankings

CTAS Stock Data

77.02B
101.46M
14.99%
67.85%
1.6%
Fire Protection
Public Administration
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United States of America
CINCINNATI