Cintas Corp Stock Price, News & Analysis

Cintas Corporation (NASDAQ:CTAS) will release its fiscal year 2023 first quarter results on September 28, 2022. Following the announcement, a conference call will be held to discuss these financial results at 10:00 a.m. Eastern Time. The live webcast will be accessible to the public on the company’s website, with a replay available for two weeks post-event. Cintas serves over one million businesses with products ensuring cleanliness and safety, including uniforms and safety training.

Cintas Corporation (Nasdaq: CTAS) recently awarded $50,000 to four Cincinnati-area charitable organizations during the LPGA Queen City Championship’s pre-tournament events, highlighting women's leadership. The funds were distributed as follows: First Tee of Greater Cincinnati/Northern Kentucky received $20,000, Dress for Success Cincinnati $15,000, Fernside Center for Grieving Children $10,000, and SCRATCHgolf $5,000. Cintas aims to support local charities and promote female leadership through initiatives like the 'Queen City Game Changers' program, which prepares women for executive roles.

Cintas Corporation (NASDAQ: CTAS) has launched nominations for the 2022 Cintas S.H.I.N.E. Awards, recognizing the efforts of housekeeping professionals in the hospitality industry amid staffing challenges post-pandemic. The grand prize winner will receive a $5,000 cash prize, alongside cleaning products, training packages, and additional awards for their property. The awards aim to highlight the critical role of these professionals in maintaining cleanliness and safety, encouraging nominations until October 14, 2022.

Cintas Canada, Ltd. has announced Majesty and Friends from Edmonton as the winner of the 2022 Canada's Best Restroom contest, receiving $2,500 in Cintas products and services. The contest recognizes businesses with exceptional public washrooms, and Majesty and Friends will be honored in the Hall of Fame. The boutique, known for its vibrant and inviting design, actively promoted the contest on social media to encourage public voting. The contest finalists were judged based on cleanliness, design, and functionality, highlighting the importance of clean facilities for customer perception.

Cintas Corporation (NASDAQ: CTAS) announces the finalists for the 2022 America’s Best Restroom contest, celebrating top restroom facilities across the country. Voting is open until August 31. The finalists showcase various features, from innovative designs to functional elements, with the winner receiving a spot in the Restroom Hall of Fame and $2,500 in services. Last year’s winner, Two Cities Pizza in Mason, Ohio, exemplified creativity with subway-themed restrooms. Public voting can be accessed at bestrestroom.com.

Cintas Corporation (CTAS) has declared a quarterly cash dividend of $1.15 per share, marking a 21.1% increase, payable on September 15, 2022. The company has consistently raised dividends since its IPO in 1983. Additionally, Cintas announced a new share buyback program allowing for the purchase of up to $1.0 billion in stock, complementing the existing $0.5 billion remaining from a prior program. This brings the total potential buyback to $1.5 billion, reinforcing Cintas' commitment to enhancing shareholder value.

Cintas Corporation (NASDAQ: CTAS) has been added to the FTSE4Good Index, recognizing its strong Environmental, Social, and Governance (ESG) practices. This index measures companies that demonstrate outstanding ESG performance, with Cintas outpacing peers in the Business Support Services sector. Notably, Cintas achieved the highest governance score and excelled in climate change management, health and safety, and anti-corruption. The company's commitment to sustainable practices dates back to its founding, promoting a culture of reducing waste and ethical operations.

Cintas Corporation (Nasdaq: CTAS) reported fourth-quarter results for fiscal 2022, with revenue of $2.07 billion, up 13% YoY. Organic revenue growth was 12.7%, driven by 10.5% in Uniform Rental and 15.1% in First Aid Services. Gross margin increased by 10.1% to $946.2 million, while operating income rose 13.5% to $404.4 million. Net income reached $294.5 million, up from $267.7 million, with diluted EPS of $2.81. For fiscal 2023, Cintas expects revenue between $8.47 billion and $8.58 billion and diluted EPS between $11.90 and $12.30.