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Cintas Corp - CTAS STOCK NEWS

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) is a leading provider of business-to-business services headquartered in Cincinnati. The company specializes in offering a wide range of services to businesses globally, ensuring their facilities and employees are clean, safe, and well-presented. Cintas' core services include uniform rental and sales, facility services, first aid and safety, fire protection, cleanroom services, document management, and promotional products.

Cintas' uniform rental programs are comprehensive, including office attire, custom-tailored apparel, flame-resistant clothing, lab coats, and other profession-specific uniforms. In addition to uniforms, Cintas provides facilities services involving the rental and sale of entrance mats, mops, shop towels, hand sanitizers, and restroom supplies. The company also offers safety and compliance solutions such as first aid kits, fire extinguishers, and safety training.

Recent achievements highlight Cintas' commitment to inclusivity and technological advancement. The company's partnership with Project SEARCH in Little Rock, Arkansas, exemplifies its dedication to disability inclusion. This initiative has successfully integrated young adults with developmental disabilities into the workforce, ensuring zero turnover among participants over the past five years. Moreover, Cintas' collaboration with Google Cloud leverages Vertex AI to enhance operational efficiency and customer experience through advanced AI-powered internal knowledge centers.

Financially, Cintas remains robust, being publicly traded on the Nasdaq Global Select Market and featured in the Standard & Poor's 500 Index and Nasdaq-100 Index. Their strategic initiatives and partnerships aim to sustain this growth trajectory while fostering a diverse and inclusive work environment.

To stay updated with the latest Cintas news and developments, visit their official news sources and social media channels.

Rhea-AI Summary

Cintas Corporation (Nasdaq: CTAS) reported a strong fiscal 2022 third quarter with revenue reaching $1.96 billion, up 10.3% from last year's $1.78 billion. Organic revenue growth stood at 10.0%. Gross margin rose to $898.2 million, accounting for 45.8% of revenue. Operating income improved to $407.6 million, representing 20.8% of revenue. Cintas declared a diluted EPS of $2.97, boosted by a $30.2 million gain on an investment. The company raised its fourth-quarter revenue guidance to $1.96 billion - $2.02 billion and EPS forecast to $2.54 - $2.74.

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Cintas Canada is inviting nominations for Canada’s Best Restroom contest, running until May 13, 2022. The contest highlights businesses with exceptional washrooms, judged on cleanliness, visual appeal, innovation, functionality, and unique design. Five finalists will be chosen, allowing public voting for the grand prize winner from June 6 to July 8, 2022, who will receive $2,500 in facility services. Last year’s winner was Borden Park in Edmonton, emphasizing the importance of accessible washrooms.

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Cintas Corporation (CTAS) will release its fiscal year 2022 third quarter financial results on March 23, 2022, before market opening. The company will host a conference call discussing these results, available via live webcast starting at 10:00 a.m. Eastern Time on the same day. Investors can access the webcast on Cintas.com. A replay will be available for two weeks following the live event. Cintas provides various services, including uniforms and sanitizing products, to more than one million businesses, helping them get Ready for the Workday®.

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Cintas Corporation (NASDAQ: CTAS) is accepting nominations for its ninth-annual Custodian of the Year contest until March 1. This initiative recognizes custodians' vital roles in ensuring clean and healthy learning environments, especially during the pandemic. The winner will receive $10,000, while their school benefits from $5,000 in products and a $30,000 training package. Nominations should be submitted in 500 words or less, and the top 10 finalists will be announced on March 15.

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Cintas Corporation (NASDAQ: CTAS) has announced a quarterly cash dividend of $0.95 per share, payable on March 15, 2022, to shareholders of record as of February 15, 2022. This reflects the company’s strong history of returning capital to shareholders, with consistent annual dividend increases since its IPO in 1983. Future dividend declarations will depend on the Board of Directors' assessment of operating results, financial condition, and other relevant factors.

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Cintas Corporation (Nasdaq: CTAS) reported a strong financial performance for Q2 fiscal 2022, with revenue rising to $1.92 billion, a 9.4% increase from $1.76 billion in Q2 2021. Organic revenue growth was 9.3%. Gross margin reached $885.1 million (46.0% of revenue), slightly down from 46.7% in the previous year. Operating income improved to $381.2 million, with diluted EPS up to $2.76 from $2.62. Cintas raised its fiscal 2022 guidance for revenue to between $7.63 billion and $7.70 billion and diluted EPS to between $10.70 and $10.95.

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Cintas Corporation (Nasdaq: CTAS) plans to release its fiscal year 2022 second quarter results on December 22, 2021, before market opening. A conference call will take place at 10:00 a.m. ET on the same day, accessible via a live webcast at www.Cintas.com. For those unable to attend live, a replay will be available for two weeks after the event. Cintas provides essential products and services to help over one million businesses maintain cleanliness and safety standards.

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FAQ

What is the current stock price of Cintas (CTAS)?

The current stock price of Cintas (CTAS) is $186.94 as of December 20, 2024.

What is the market cap of Cintas (CTAS)?

The market cap of Cintas (CTAS) is approximately 73.8B.

What services does Cintas Corporation provide?

Cintas offers uniform rental and sales, facility services, first aid and safety, fire protection, cleanroom services, document management, and promotional products.

Where is Cintas Corporation headquartered?

Cintas Corporation is headquartered in Cincinnati, Ohio.

What is Cintas' core business?

Cintas' core business includes uniform rental programs, facilities services, and safety solutions such as first aid kits and fire protection.

How does Cintas support disability inclusion?

Cintas partners with Project SEARCH to integrate young adults with developmental disabilities into their workforce, ensuring inclusivity and support for these individuals.

What recent technological advancements has Cintas made?

Cintas has partnered with Google Cloud to develop an AI-powered internal knowledge center using Vertex AI, aiming to enhance customer service and operational efficiency.

On which stock market is Cintas traded?

Cintas is traded on the Nasdaq Global Select Market under the symbol CTAS.

What indices include Cintas Corporation?

Cintas is a component of both the Standard & Poor's 500 Index and the Nasdaq-100 Index.

What is Project SEARCH?

Project SEARCH is a job-training initiative for young adults with developmental disabilities, which Cintas partners with to ensure inclusive employment.

How does Cintas' partnership with Google Cloud benefit the company?

The partnership improves operational efficiency and customer service through AI-powered tools that help employees access critical information quickly.

What kind of uniforms does Cintas provide?

Cintas provides a variety of uniforms including office attire, flame-resistant clothing, lab coats, and other occupation-specific apparel.

Cintas Corp

Nasdaq:CTAS

CTAS Rankings

CTAS Stock Data

73.76B
342.57M
15.06%
66.57%
1.65%
Specialty Business Services
Men's & Boys' Furnishgs, Work Clothg, & Allied Garments
Link
United States of America
CINCINNATI