Cintas Corp Stock Price, News & Analysis

Cintas (Nasdaq: CTAS) has opened nominations for the 2024 C.A.P.E. Awards, honoring Environmental Services (EVS) Technicians in healthcare facilities across the U.S. and Canada. Nominations are accepted until August 12, recognizing EVS staff for their important role in infection control and patient care. Each of the ten selected winners will receive a $2,500 cash prize, a $2,500 donation to a healthcare institution or charity, a Rubbermaid cleaning cart, and a scholarship to an AHE training program. The awards highlight the often-overlooked contributions of these frontline workers in maintaining clean and safe environments in hospitals and care facilities.

Cintas (Nasdaq: CTAS) has been named to the Fortune 500 list for the seventh consecutive year, improving its position to 437 from 473 in 2023.

This achievement is based on the company's fiscal year revenues, which reached $8.82 billion in 2023, a 12.2% increase over the previous year's $7.85 billion.

In the first three quarters of FY2024, Cintas reported revenues of $7.13 billion, a 9.17% increase over the same period in FY2023 ($6.531 billion). Cintas will release its full-year FY2024 results in July 2024.

CEO Todd Schneider credited the dedication of Cintas' employee-partners for this continued success, highlighting the company's commitment to customer satisfaction.

Cintas' Management Trainee (MT) Program offers young professionals immersive, hands-on training across various company operations including sales, service, production, operations, and administration. The program spans 15 months, after which trainees are placed in supervisory and leadership roles. Cintas emphasizes the importance of mentorship, pairing trainees with former trainees, and provides numerous opportunities for rotation across departments to help participants explore different career paths. Notably, two of the company's CEOs, including current CEO Todd Schneider, were management trainees. This year, Cintas has received several accolades recognizing it as a top workplace for young professionals, including Forbes' list of Best Employers for New Grads, Newsweek's America's Best Workplaces for Job Starters, and the Handshake Early Talent Award.

Cintas (Nasdaq: CTAS) has been recognized by Forbes as one of America’s Best Employers for New Graduates for 2024. This accolade highlights Cintas' commitment to nurturing young professionals by providing essential resources, training, and tools for career success. The recognition is based on a survey of over 100,000 young professionals, assessing employers on reputation, salary, education, career advancement, and other factors. Additionally, Newsweek has also named Cintas to its list of America’s Best Workplaces for Job Starters for 2024, reinforcing the company's focus on the development and support of young employees.

Design Collective by Cintas has won six Image of the Year Awards from the Network Association of Uniform Manufacturers and Distributors (NAUMD). Recognized for its exceptional designs, the awards spanned various categories, including Restaurants & Food Service, Casinos, Lodging, Property Construction and Management, and Entertainment Retail Specialty Stores. Notable collaborations include Citrus Club at Arizona Biltmore, Durango Casino & Resort, Hilton Hotels & Resorts, SRM Concrete, and De Palm Tours Aruba. Each project showcased the brand's commitment to creating stylish, functional, and brand-aligned apparel. Kristin Sharp, Director of Design Collective, emphasized the importance of understanding clients' brands to deliver purpose-driven designs.

Cintas (Nasdaq: CTAS) announced a four-for-one split of its common stock, increasing accessibility to investors, including employee-partners. Shareholders will receive three additional shares for each share held, distributed after market close on September 11, 2024, with trading on a post-split basis starting on September 12, 2024. The stock split aims to allow employees a collective share in the company's success and future growth.

Cintas' LEAD program supports and empowers Asian Pacific Islander employee-partners, fostering community, career development, and connections. The program has seen substantial growth and aims to create an inclusive environment for API individuals to thrive.

The press release announces Bob Galewski as the winner of the 11th annual Cintas Custodian of the Year contest, receiving a $10,000 cash prize. Bob, a custodian at Wabasha-Kellogg High School in Minnesota, was celebrated for his dedication and support to students and staff beyond cleaning duties. The award includes additional prizes and recognition at the ISSA Show North America in Las Vegas.

Cintas (Nasdaq: CTAS) has been recognized on the Forbes list of the Best Employers for Diversity 2024 for its efforts in creating a diverse and inclusive workplace. The company's commitment to diversity and inclusion has been acknowledged through extensive evaluations and surveys, reflecting its dedication to fostering an equitable work environment. This recognition highlights Cintas' ongoing efforts to champion diversity and promote a culture of inclusivity within the organization.