Welcome to our dedicated page for Cintas news (Ticker: CTAS), a resource for investors and traders seeking the latest updates and insights on Cintas stock.
Cintas Corporation (Nasdaq: CTAS) regularly issues news and updates that reflect its role as a large provider of uniforms, facility services, first aid and safety products, and fire protection offerings. Headquartered in Cincinnati, Ohio and serving more than one million business customers, the company uses press releases to communicate financial results, capital allocation decisions, corporate events and safety-related initiatives.
On this page, readers can follow Cintas news such as quarterly and annual earnings releases, which detail revenue trends, segment performance and margin metrics. The company also announces webcasts for its earnings calls, allowing investors and interested parties to hear management discuss results and guidance. Form 8-K filings often accompany these releases, formally reporting results of operations and financial condition.
Cintas news also covers board and shareholder actions, including dividend declarations, share repurchase authorizations and outcomes of annual shareholder meetings. For example, the company has announced increases in its quarterly cash dividend and new stock buyback authorizations, and it reports shareholder voting results on director elections, advisory votes on executive compensation and auditor ratification.
Beyond financial items, Cintas issues releases about its participation in investor conferences and its recognition in rankings such as the Forbes Global 2000 list. The company also highlights community and safety initiatives, including events like the Cincinnati 9/11 Memorial Stair Climb in support of the National Fallen Firefighters Foundation.
In addition, Cintas uses news releases to communicate strategic proposals, such as its non-binding proposal to acquire UniFirst Corporation, outlining the rationale, proposed terms and regulatory considerations. Investors, analysts and customers can use this news feed to monitor developments in Cintas’ operations, strategy, capital allocation and safety-focused activities.
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.
Cintas Corporation (Nasdaq:CTAS) will release its fiscal year 2021 second quarter results on December 22, 2020, before market opening. A conference call addressing the financial results is scheduled for 10:00 a.m. Eastern Time on the same day. The event is accessible via a live webcast on the company's website, with a replay available for two weeks post-call. Cintas provides essential products and services for businesses, ensuring they are ready to operate confidently.
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Cintas Corporation (NASDAQ: CTAS) continues its support for the American Diabetes Association (ADA) during National Diabetes Month. There are over 34 million Americans living with diabetes, including 7 million undiagnosed. Cintas promotes workplace inclusivity by offering first aid products suitable for employees with diabetes. These include WoundSeal®, Liquid Bandage, and Glucose. Last year, Cintas supplied first aid cabinets to ADA-sponsored summer camps and donated health items to Insulin for Life. The collaboration underscores Cintas's commitment to support individuals managing diabetes while fostering a safe workplace environment.
Cintas Corporation (Nasdaq: CTAS) has announced a $2.81 annual dividend, marking a 10.2% increase from the previous year. This dividend, the 37th consecutive increase, is scheduled for payment on December 4, 2020, to shareholders on record as of November 6, 2020. The company also transitioned to a quarterly dividend policy, declaring a $0.70 quarterly dividend for the same date. Despite the challenges posed by the COVID-19 pandemic, Cintas remains committed to delivering shareholder value, as emphasized by leadership during the announcement.
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