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 (CTAS) has proposed to acquire UniFirst (UNF) for $275.00 per share in cash, representing a total value of approximately $5.3 billion. The offer represents a 46% premium to UniFirst's 90-day average closing price as of January 6, 2025.
The proposal was initially delivered on November 8, 2024, but UniFirst's Board has refused to engage despite multiple attempts by Cintas. The combined company would serve over 1 million business customers across the US and Canada, providing enhanced processing capacity and route density.
This marks Cintas's second attempt to acquire UniFirst, following a previous offer of $255 per share in February 2022. The current proposal is not subject to financing contingencies and would be funded through cash on hand, credit lines, and other financing sources. The transaction requires UniFirst shareholder and regulatory approvals.
Cintas (Nasdaq: CTAS) has achieved a significant milestone by being named to The Wall Street Journal's Best-Managed Companies of 2024, marking its first appearance on this prestigious list. The ranking, developed by the Drucker Institute, evaluates American publicly traded companies based on five key areas: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength.
Out of 600 eligible companies, Cintas secured a position among the top 250 companies. CEO Todd Schneider emphasized the company's pride in their management process and operational excellence, highlighting their commitment to exceeding customer expectations while fostering a positive employee-partner culture. As a leader in business services, Cintas continues to demonstrate its dedication to excellence across all operational aspects.
Cintas (CTAS) reported strong fiscal 2025 second quarter results with revenue reaching $2.56 billion, up 7.8% from last year's $2.38 billion. The company achieved organic revenue growth of 7.1%. Gross margin increased by 11.8% to $1.28 billion, representing 49.8% of revenue, a 180 basis points improvement. Operating income grew 18.4% to $591.4 million, while net income rose 19.7% to $448.5 million. Diluted EPS increased 21.1% to $1.09.
The company updated its fiscal 2025 guidance, raising revenue expectations to $10.255-$10.320 billion and increasing diluted EPS guidance to $4.28-$4.34. Cintas also paid a quarterly dividend of $158.0 million, up 14.9% from the previous year.
Cintas (CTAS) has released its Fiscal Year 2024 Community Impact Report, covering philanthropic activities from June 1, 2023, to May 31, 2024. Key achievements include: $111,208 raised for the National Fallen Firefighters Foundation, $106,000 raised for the American Cancer Society (28% increase from previous year), and $233,000 awarded through the Partner Assistance Fund to help employees affected by hardships.
The company's charitable initiatives include the donation of over 4 million clothing articles through their Matthew 25: Ministries partnership, and certification of more than 1 million people in American Heart Association's first aid and CPR programs since 2016.
Cintas (CTAS) has announced it will release its fiscal year 2025 second quarter results on Thursday, December 19, 2024. The company will host a conference call and live webcast at 10:00 a.m. Eastern Time on the same day to discuss the financial results. The webcast will be accessible through www.Cintas.com, and a replay will be available on the company's website approximately two hours after the live call concludes, remaining accessible for two weeks.
Cintas demonstrates its commitment to workplace inclusivity through the success story of Ryan T., an Operational Manager at their First Aid & Safety location in Tulsa, Oklahoma. Despite being late-deafened, Ryan has thrived at Cintas for 15 years with the company's support and accommodations. The company provided technological solutions, including a device connecting his cochlear implant to his laptop and phone via Bluetooth, enabling seamless participation in meetings.
Ryan's achievements include winning multiple awards such as the Summits Award, Winner's Circle Award, and being named Divisional Service Manager of the Year in FY2024. His success story exemplifies Cintas's approach to supporting employees with disabilities, focusing on understanding, accommodation, and creating opportunities for career growth.
Cintas 's (Nasdaq: CTAS) Rental Division in Joplin, Missouri has been awarded OSHA's VPP Star certification, recognizing exceptional workplace health and safety standards. The certification acknowledges sites maintaining injury rates below national averages and implementing comprehensive safety management systems. The Joplin location joins 131 other Cintas facilities with VPP Star certification, making Cintas the company with the most VPP Star certifications in the United States as of August 2024. The certification requires ongoing commitment and re-evaluation every three to five years, demonstrating the company's dedication to workplace safety and employee well-being.
Cintas (CTAS) has released its Fiscal Year 2024 Community Impact Report, covering philanthropic activities from June 1, 2023, to May 31, 2024. The report highlights several achievements under the Cintas Cares initiative, including: over 4 million clothing articles donated through Matthew 25: Ministries partnership, $111,208 raised for fallen firefighters' families, $106,000 raised for the American Cancer Society (28% increase year-over-year), certification of 1 million people in AHA first aid programs, and $233,000 awarded through the Partner Assistance Fund for employee hardships.
Cintas (CTAS) has declared a quarterly cash dividend of $0.39 per share, payable on December 13, 2024, to shareholders of record as of November 15, 2024. The company has maintained a consistent track record of raising dividends annually since its IPO in 1983, spanning 41 years. Cintas provides essential business services including uniforms, facility supplies, and safety products to over one million businesses, helping them prepare for their daily operations with confidence.
Cintas (CTAS) has announced its participation in the upcoming J.P. Morgan Ultimate Services Investor Conference in New York City on November 14, 2024. Executive Vice President and CFO Mike Hansen, along with VP of Treasury and Investor Relations Jared Mattingley, will engage in a fireside chat and be available for one-on-one and small group meetings.
Cintas helps over one million businesses get Ready™ for their workday by providing essential business services including uniforms, facility supplies, safety equipment, and workplace services. The company, headquartered in Cincinnati, is a Fortune 500 company traded on Nasdaq and is included in both the S&P 500 and Nasdaq-100 indices.
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