Cintas Corp Stock Price, News & Analysis

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.

Cintas Corporation (NASDAQ: CTAS) is preparing businesses for the return of employees and visitors post-pandemic. The company offers a range of 'facility essentials' aimed at preventing germ spread, including deep cleaning services, touchless dispensers, disposable gloves, disinfectant services, and face mask rentals. These solutions are designed to enhance safety and confidence in public facilities. Cintas supports over a million businesses by providing products and services that ensure cleanliness and safety, positioning them as a trusted partner in readiness for daily operations.

Cintas Corporation (NASDAQ: CTAS) is launching its eighth annual Custodian of the Year contest to honor school custodians for their vital role in maintaining clean and healthy environments, particularly during the COVID-19 pandemic. Nominations are accepted until March 2, 2021. The winner will receive $10,000, and their school will benefit from various products and training valued at over $25,000, including a $20,000 training and development package from ISSA. Ten finalists will each receive $1,000 and free tuition for training events.

Cintas Corporation (Nasdaq: CTAS) announced a quarterly dividend of $0.75 per share, payable on March 15, 2021, to shareholders on record as of February 15, 2021. The company has consistently paid dividends for 37 years and has increased its annual regular dividends every year. In October 2020, the Board shifted to a quarterly dividend policy. Future dividends will depend on the company's operating results and financial condition.

Cintas Corporation (NASDAQ: CTAS) has introduced disposable Disinfecting Wipes and alcohol-free Sanitizing Wipes aimed at enhancing hygiene in various facilities, including retail and foodservice. The Disinfecting Wipes effectively eliminate 99.9% of germs on hard surfaces, while the Sanitizing Wipes serve as a convenient hand hygiene option when soap and water are unavailable. Both products are designed for high-traffic areas and come in portable buckets or floor stands for easy access. These initiatives underscore Cintas's commitment to cleanliness and the safety of customers and employees.

Cintas Corporation (Nasdaq: CTAS) reported fiscal 2021 Q2 results with revenue of $1.76 billion, a decline from $1.84 billion year-over-year. EPS rose 15.4% to $2.62. Organic revenue decreased by 4.4%, while Uniform Rental and Facility Services dropped 3.6%. However, First Aid and Safety Services grew by 14.5%. Gross margin was $819.9 million, with a percentage of revenue increase to 46.7%. Operating income grew 5.5% to $352.9 million. Cintas announced a shift to quarterly dividends and increased the annual dividend by 10.2% for the 37th consecutive year.