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.
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.
Cintas (CTAS) reported strong Q4 and full-year fiscal 2024 results. Q4 revenue increased 8.2% to $2.47 billion, with organic growth of 7.5%. Q4 diluted EPS rose 19.8% to $3.99. For the full fiscal year, revenue grew 8.9% to $9.60 billion, and diluted EPS increased 16.6% to $15.15. Operating income margin reached an all-time high.
For fiscal 2025, Cintas projects revenue between $10.16-$10.31 billion and diluted EPS of $16.25-$16.75. The company announced a 4-for-1 stock split effective September 11, 2024. Cintas continues to focus on customer experience, company culture, and growth through technology investments and strategic acquisitions.
Cintas (Nasdaq: CTAS) has been named one of Selling Power's 60 Best Companies to Sell For in 2024, marking its 19th consecutive year on this prestigious list. Josh Hazen, Senior VP of Rental Field Sales, highlighted Cintas' success in fostering talented sales representatives through comprehensive training and development programs.
The company's customer-focused approach and opportunities for advancement have contributed to its consistent recognition. Selling Power's research team evaluated companies across five key areas: Company Overview, Compensation and Benefits, Hiring, Sales Training & Enablement, Commitment to Fostering Diversity and Inclusion, and AI Incorporation into Improving Sales Processes.
Cintas (Nasdaq: CTAS) has been honored by Newsweek as one of America's Greatest Workplaces, reflecting its commitment to a supportive and inclusive corporate culture. The award was based on extensive data, including employee surveys and HR interviews, covering over 250,000 employees from companies with more than 500 employees in 2023 and 1,000 in 2022. Cintas has also received accolades from Forbes and FORTUNE, highlighting its exceptional workplace practices. The company emphasizes employee engagement and values-driven culture as key components of its success.
Cintas (Nasdaq: CTAS) has announced the release of its fiscal year 2024 fourth quarter and full year results, scheduled for Thursday, July 18, 2024. The company will hold a conference call to discuss these financial results, with a live webcast accessible to individual investors and the public starting at 10:00 a.m. Eastern Time on the same day. The webcast can be accessed through the Cintas website. For those who miss the live event, a replay will be available approximately two hours after the call concludes and will remain accessible for two weeks.
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