Cintas Corp Stock Price, News & Analysis

Cintas Corporation (NASDAQ: CTAS) is now accepting nominations for the 20th annual America’s Best Restroom contest, inviting the public to submit their favorite restroom facilities until June 18. This initiative highlights the importance of cleanliness, especially during the COVID-19 pandemic. Judging will be based on cleanliness, visual appeal, innovation, functionality, and unique design. Ten finalists will be selected, with public voting in July to determine the grand prize winner, who will receive a Cintas UltraClean restroom service and $2,500 in facility services.

Cintas Corporation (NASDAQ: CTAS) is hosting the 2021 Custodian of the Year contest, concluding voting on April 16. The top 10 custodians from various schools are recognized for their dedication and impact. The winner will receive a $10,000 cash prize, along with $5,000 in school products and services, and an educational package valued at $20,000. Each of the nine finalists will earn $1,000 and tuition for training. This initiative highlights the vital role custodians play in schools, promoting appreciation and support within the community.

Cintas Corporation (NASDAQ: CTAS) has announced that Scott D. Farmer will retire as CEO on May 31, 2021, after 18 years in the role, but will continue as Executive Chairman. Todd M. Schneider has been named the new CEO and President, effective June 1, 2021. Farmer highlighted the company's growth from $2.69 billion in 2003 to over $7 billion in revenue, emphasizing the successful execution of their strategies even during challenging times, including the pandemic. Schneider, a 32-year veteran of Cintas, aims to leverage the company's strengths for future growth.

Cintas Corporation (Nasdaq: CTAS) reported fiscal Q3 2021 results with revenue of $1.78 billion, down from $1.81 billion a year prior. However, diluted EPS rose by 9.7% to $2.37. While organic revenue growth was flat, the First Aid and Safety Services segment saw a 17.7% increase. Gross margin fell to $809.5 million, but gross margin percentage improved to 45.6%. Operating income increased by 3.8% to $326.5 million. Looking ahead, Cintas expects Q4 revenue between $1.80 billion to $1.83 billion and EPS of $2.20 to $2.40, excluding potential share buybacks.

Cintas Canada, Ltd. invites the public to nominate businesses for the 2021 Canada’s Best Restroom contest, running until May 14, 2021. The contest emphasizes the importance of hygiene, especially during current health concerns. Judging criteria include cleanliness, visual appeal, innovation, functionality, and unique design elements. The winner will receive $2,500 in facility services to maintain their award-winning washrooms. Last year's winner, Westview RV Park, experienced increased customer traffic and recognition post-contest.

Cintas Corporation (Nasdaq: CTAS) plans to release its fiscal year 2021 third quarter results on March 17, 2021, before the market opens. A conference call will accompany the financial results, with a live webcast available starting at 10:00 a.m. ET. Investors can access the webcast at www.Cintas.com. A replay will be accessible two hours post-call for two weeks. Cintas is a Fortune 500 company providing essential products and services that help businesses maintain clean, safe environments.

Cintas Corporation (NASDAQ: CTAS) emphasizes the importance of restroom sanitation as public facilities reopen. A study reveals 77,000 bacteria and viruses can exist in restrooms. To address cleanliness concerns, Cintas offers five essential tips: use high-pressure cleaners, install touchless dispensers, keep supplies stocked, increase cleaning frequency, and clean before disinfecting. These practices aim to reduce germ transmission and enhance customer satisfaction.

Cintas Corporation (Nasdaq: CTAS) has updated investors on the effects of the COVID-19 pandemic on its business. CEO Scott D. Farmer noted a decrease in COVID-19 cases, leading to clearer financial expectations for the upcoming third quarter. Revenue is projected between $1.75 billion and $1.76 billion, with diluted earnings per share expected to be between $2.15 and $2.25. The company continues to support its customers by providing necessary products and services, maintaining strong cash flow, and plans to announce third-quarter results in March 2021.