Cintas Corp - CTAS STOCK NEWS

Cintas (CTAS) reported strong fiscal 2025 Q1 results, with revenue increasing 6.8% to $2.50 billion. Organic revenue growth was 8.0%. Gross margin improved by 140 basis points to 50.1%. Operating income rose 12.1% to $561.0 million, while net income increased 17.4% to $452.0 million. Diluted EPS grew 18.3% to $1.10.

The company raised its full fiscal year guidance, projecting revenue between $10.22 billion and $10.32 billion, and diluted EPS between $4.17 and $4.25. Cintas also increased its quarterly dividend by 15.6% and repurchased shares worth $473.6 million during Q1.

Cintas (CTAS) demonstrates the real-world impact of its First Aid & Safety training program through a life-saving incident at Chicago airport. Britney Ruby Miller, CEO of Jeff Ruby Culinary Entertainment, successfully applied her Cintas training to save a young girl who was choking. This event highlights the practical value and effectiveness of Cintas' safety education in emergency situations, showcasing how corporate training can translate into critical real-world skills. The incident serves as a powerful testament to Cintas' commitment to safety preparedness and the potential life-saving impact of their programs beyond the workplace.

Cintas (Nasdaq: CTAS) hosted the 2024 National Fallen Firefighter Foundation (NFFF) 9/11 Memorial Stair Climb at TQL Stadium on September 7, 2024. This annual event honors FDNY firefighters who lost their lives on September 11, 2001, and raises funds for families of fallen firefighters and support programs.

Participants climb the equivalent of 110 stories of the World Trade Center, symbolically completing the heroic journey of the fallen firefighters. The event schedule includes registration at 8 a.m., an opening ceremony at 9 a.m., and the stair climb beginning at 9:30 a.m. Individual registration costs $35 and includes an event T-shirt.

Cintas (Nasdaq: CTAS) board members Beverly K. Carmichael and Gerald S. Adolph have been named to Savoy Magazine's 2024 list of Most Influential Corporate Directors. This recognition highlights their exceptional leadership and influence on the company. Carmichael, elected to the board in January 2024, brings over 30 years of experience in human resources and employment law. Adolph, a board member since 2006, serves as Chairman of the Compensation Committee and was previously a Senior Partner at Booz & Company. Cintas Executive Chairman Scott D. Farmer praised their expertise, commitment, and vision in guiding the company towards success.

Cintas (Nasdaq: CTAS) has announced it will release its fiscal year 2025 first quarter results on Wednesday, September 25, 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. Investors and the public can access the webcast at www.Cintas.com. A replay will be available on the company's website approximately two hours after the live call and will remain accessible for two weeks.

Additionally, Cintas is implementing a 4-for-1 stock split, effective as of 5 pm on September 11, 2024. Shares are expected to begin trading on a post-split basis at the market open on Thursday, September 12, 2024.

Cintas 's (Nasdaq: CTAS) Rental location in Milwaukee has been certified as a VPP Star Site by the Occupational Safety and Health Administration (OSHA). This recognition is part of OSHA's Voluntary Protection Programs (VPP), which honors worksites with exceptional safety and health management systems. To achieve this status, companies must demonstrate injury and illness rates at or below the national average and establish strong workplace hazard control programs.

The Milwaukee location's General Manager, Cori Boyle, emphasized the importance of employee engagement in their safety success. Cintas has set a new standard for U.S. companies with 130 VPP Star certified facilities as of August 2024, surpassing all other American companies. This certification requires ongoing cooperation between management and employees to maintain a safe work environment.

Passion Richardson, a former Olympic bronze medalist in the 4x100 meter relay, now applies her athletic skills as an HR Manager at Cintas in Lexington, Kentucky. Her journey from track star to corporate professional highlights the transferable skills gained through competitive sports. Richardson emphasizes the importance of resilience, goal-setting, and willingness to take risks in both athletic and professional pursuits.

At Cintas, Richardson focuses on employee-partner engagement and recruiting. She draws parallels between athletic training and career development, noting the need for time management, discipline, and persistence in both arenas. Richardson's transition to Cintas after 20 years in academics demonstrates her adaptability and openness to new opportunities.

The article underscores how Richardson's Olympic experience, including overcoming failures and setting clear goals, has shaped her approach to her role at Cintas. It also highlights the supportive work culture at Cintas, which has facilitated her transition into the corporate world.

Cintas (Nasdaq: CTAS) has climbed to No. 839 on the 2024 Forbes Global 2000 list, up from No. 884 in 2023. This ranking reflects Cintas' continued growth and success, with the company increasing sales and profits in 53 of the past 55 years. Forbes used data from FactSet Research Systems to evaluate companies based on sales, profits, assets, and market value.

For the ranking period, Cintas reported $9.41 billion in sales, $1.5 billion in profit, $8.98 billion in assets, and a $70.23 billion market value. The company's fiscal year 2024, which ended May 31, 2024, saw revenues of $9.60 billion, an 8.9% increase from the previous year. Operating income for fiscal 2024 reached $2.07 billion, a 14.8% increase from fiscal 2023.

Cintas (CTAS) has announced a 15.6% increase in its quarterly cash dividend to $1.56 per share, payable on September 3, 2024. The company has also approved a new $1.0 billion stock buyback program, in addition to an existing $0.5 billion program. This brings the total potential buyback to $1.5 billion. Cintas has consistently raised its dividend for 41 years since its IPO in 1983. The company's CEO, Todd M. Schneider, highlighted Cintas' strong financial results and position, marking 53 out of the last 55 years of sales and profit growth. These actions demonstrate Cintas' commitment to returning capital to shareholders and confidence in its future prospects.