Cintas Corp Stock Price, News & Analysis

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.

Cintas Corporation (Nasdaq: CTAS) will release its fiscal year 2022 fourth quarter financial results on July 14, 2022, before market opening. A conference call will follow at 10:00 a.m. ET for financial discussions, accessible via a live webcast on www.Cintas.com. A replay will be available two hours post-call and remain accessible for two weeks. Cintas provides comprehensive services, ensuring businesses are Ready for the Workday with products like uniforms, cleaning supplies, and safety training.

Cintas Corporation (CTAS) is accepting nominations for the 2022 C.A.P.E. Awards until August 8, 2022, to honor Environmental Services (EVS) technicians in healthcare facilities. These awards recognize the crucial role EVS staff play in maintaining cleanliness and preventing infections. Ten winners will receive a $2,500 cash prize, with a matching donation to their healthcare institution, along with additional rewards. Cintas aims to highlight the dedication of these unsung heroes, as seen in last year's 800+ nominations.

Cintas Canada invites the public to vote for their favorite washroom in the 2022 Canada’s Best Restroom contest until July 8, 2022. The winner will receive $2,500 in facility services to maintain their washroom. The contest celebrates businesses that prioritize cleanliness and unique design in their washrooms. Finalists include establishments from Edmonton, Toronto, and Richmond, BC, showcasing innovative designs that enhance customer experience. Cintas, a subsidiary of Cintas Corporation, provides facility services across Canada.