Cintas Corp Stock Price, News & Analysis

Cintas Corporation (Nasdaq: CTAS) successfully conducted its annual holiday drive, "Stuff the Truck," collecting hundreds of toys and nearly 500 pounds of food over the past month. Donations were delivered to Shared Harvest Foodbank in Fairfield, Ohio, and the Butler/Warren Counties Marine Corps Reserves Toys for Tots program. Cintas aims to support local communities through its philanthropic efforts, which include financial and in-kind contributions, demonstrating strong engagement from its employee-partners in charitable activities.

Cintas Corporation (NASDAQ: CTAS) has inaugurated a new Cleanroom facility in Marcy, N.Y., expanding its operations in the Syracuse area. This state-of-the-art facility aims to support high-growth industries, including pharmaceuticals and biotechnology, and has immediate openings for 25 new jobs, with an expected increase of 40 more within 12 to 18 months. Currently employing 85 people, Cintas is committed to maintaining stringent quality standards in its Cleanroom services.

Cintas Corporation (CTAS) employee Gabriel Reyes from Nashville won a $20,000 culinary trip to Italy through the company's "Win the Kitchen" contest. This competition aimed to promote the Chef Works’ culinary rental apparel line, culminating in a grand prize event in Cincinnati. The campaign lasted six months, during which employees competed for multiple prizes. Reyes, a 15-year veteran, expressed gratitude for the recognition and the opportunity to showcase Chef Works’ offerings, highlighting its impact on employee appearance and customer satisfaction.

Cintas Corporation (Nasdaq: CTAS) has declared a quarterly cash dividend of $1.15 per share, payable on December 15, 2022, to shareholders on record as of November 15, 2022. This marks Cintas' commitment to returning capital to shareholders, with consistent annual increases in dividends since its IPO in 1983. Future dividends will depend on the Board of Directors' discretion and various financial factors.

Cintas Corporation (NASDAQ: CTAS) awarded Tampa International Airport the title of America's Best Restroom in 2022. The airport won a $2,500 prize in Cintas products and services, including restroom cleaning services. This recognition reflects the airport's commitment to exceptional restroom facilities and hygiene. The airport plans to donate the prize to communities affected by Hurricane Ian. The annual contest celebrates innovative and hygienic public restrooms, highlighting the importance of cleanliness and design in enhancing visitor experiences.

Cintas Corporation (NASDAQ: CTAS) will attend the J.P. Morgan Ultimate Services Investor Conference in New York City on November 17, 2022. Executive Vice President and CFO Mike Hansen, along with Vice President Paul Adler, will engage in a fireside chat and hold one-on-one meetings. Cintas provides essential services to over one million businesses, offering products like uniforms, safety training, and restroom supplies, thereby helping them stay prepared for daily operations.

Cintas Corporation (CTAS) reported a strong fiscal 2023 first quarter, with revenue rising to $2.17 billion, a 14.2% increase from $1.90 billion in the prior year. The company achieved organic revenue growth of 13.9%, while operating income grew 15.2% to $440.1 million. Net income reached $351.7 million, resulting in a diluted EPS of $3.39, up from $3.11. Cintas raised its full-year revenue guidance to between $8.58 billion and $8.67 billion, and adjusted diluted EPS guidance to $12.30 to $12.65.