Cintas Corp Stock Price, News & Analysis

Cintas Corporation (NASDAQ: CTAS) has declared a quarterly cash dividend of $0.95 per share, payable on December 15, 2021, to shareholders on record as of November 15, 2021. This marks the company's ongoing commitment to returning capital to shareholders, with continuous annual dividend increases since its IPO in 1983. Future dividends will depend on the company's operating results and financial conditions, among other factors.

Cintas Corporation (NASDAQ: CTAS) has collaborated with British designer Gareth Pugh to launch a modern wardrobe collection for the crew of Virgin Voyages' first ship, Scarlet Lady. This sustainable collection features garments tailored for various job functions and climates, breaking traditional cruise fashion stereotypes. The initiative highlights the importance of employee comfort in enhancing passenger experience as the cruise industry recovers. Cintas’s Design Collective aims to redefine cruise fashion while ensuring functional and stylish apparel for crew members.

Cintas Corporation (CTAS) reported an 8.6% increase in revenue for Q1 FY2022, totaling $1.90 billion, compared to $1.75 billion last year. The company achieved a diluted EPS of $3.11, up 11.9% from $2.78. Gross margin was $902.8 million, with a margin percentage of 47.6%. Operating income rose 12.7% to $394.1 million, representing 20.8% of revenue. Cintas announced a 26.7% increase in dividends, paying $0.95 per share. The company raised its revenue guidance for FY2022 to $7.58-$7.67 billion and EPS to $10.60-$10.90.

Cintas Corporation (NASDAQ: CTAS) announced Two Cities Pizza from Mason, OH, as the winner of the 2021 America’s Best Restroom contest. This win includes a Cintas UltraClean restroom cleaning service and $2,500 in products for restroom management. The contest celebrates innovative public restrooms and was open to public voting from July 19 to August 20, featuring 10 finalists. Sean Mulcahey of Cintas emphasized the importance of restroom hygiene in exceeding customer expectations. For more details, visit bestrestroom.com/us/.

Cintas Corporation (Nasdaq:CTAS) is set to release its fiscal Q1 2022 results on September 29, 2021, before market opening. The company will host a conference call to discuss these financial results, with a live webcast available for public access at 10:00 a.m. ET. Cintas supports over one million businesses with products and services that ensure cleanliness and safety, and operates the unique Total Clean Program. The conference call details will be accessible on the company's website.

Cintas Corporation (NASDAQ: CTAS) has launched the 2021 Cintas S.H.I.N.E. (Star Housekeepers In a New Era) Award to honor housekeeping professionals in the U.S. hospitality industry. The award offers a grand prize of $5,000 for the winner, along with significant prizes for their property, including $2,500 in cleaning products and a training package valued at $3,500. Nine runners-up will receive cash prizes and memberships to the Indoor Environmental Healthcare and Hospitality Association (IEHA). Nominations are open until October 15, 2021.

Cintas Corporation (NASDAQ: CTAS) aims to achieve Net Zero greenhouse gas emissions by 2050, as part of an extensive organizational review focused on ESG opportunities. The company seeks to define its environmental strategies over the next 12-18 months, targeting reductions in Scope 1, 2, and 3 GHG emissions. Achievements between 2016 and 2020 include a 16% improvement in water efficiency and a 13% reduction in energy consumption while sales rose by 48%. Cintas emphasizes its commitment to sustainable business practices, rooted in its founding principles.