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 Corporation (NASDAQ: CTAS) has announced the promotion of Max Langenkamp to Senior Vice President of Human Resources, effective June 1, 2021. This position is newly created to elevate human resources to an executive-level oversight. Langenkamp has been with Cintas since 2006, previously serving as VP of Human Resources and Chief Diversity Officer. The company employs nearly 40,000 partners across the U.S. and Canada and has received numerous accolades for its diversity and inclusion efforts. Langenkamp aims to strengthen Cintas’s reputation as an employer of choice.
Cintas Corporation (NASDAQ: CTAS) has announced the retirement of Senior Vice President and General Counsel, Thomas E. Frooman, effective July 31, 2021. D. Brock Denton will succeed him on August 1, 2021. Frooman, who has been with the company for 20 years, played a critical role in expanding Cintas' legal group. Denton, previously Cintas' lead outside counsel, brings extensive experience, having supported over 300 acquisitions. Both current leadership and Denton express confidence in continuing Cintas' growth.
Cintas Corporation (Nasdaq: CTAS) has approved a quarterly dividend of $0.75 per share. This dividend will be paid on June 15, 2021, to shareholders recorded by May 15, 2021. Cintas has maintained cash dividends for 37 consecutive years and has increased its annual regular dividend yearly. In October 2020, the Company transitioned from an annual to a quarterly dividend policy, which will depend on the Board of Directors' discretion and various business conditions.
Cintas Corporation (NASDAQ: CTAS) is now accepting nominations for the 20th annual America’s Best Restroom contest, inviting the public to submit their favorite restroom facilities until June 18. This initiative highlights the importance of cleanliness, especially during the COVID-19 pandemic. Judging will be based on cleanliness, visual appeal, innovation, functionality, and unique design. Ten finalists will be selected, with public voting in July to determine the grand prize winner, who will receive a Cintas UltraClean restroom service and $2,500 in facility services.
Cintas Corporation (NASDAQ: CTAS) is hosting the 2021 Custodian of the Year contest, concluding voting on April 16. The top 10 custodians from various schools are recognized for their dedication and impact. The winner will receive a $10,000 cash prize, along with $5,000 in school products and services, and an educational package valued at $20,000. Each of the nine finalists will earn $1,000 and tuition for training. This initiative highlights the vital role custodians play in schools, promoting appreciation and support within the community.
Cintas Corporation (NASDAQ: CTAS) has announced that Scott D. Farmer will retire as CEO on May 31, 2021, after 18 years in the role, but will continue as Executive Chairman. Todd M. Schneider has been named the new CEO and President, effective June 1, 2021. Farmer highlighted the company's growth from $2.69 billion in 2003 to over $7 billion in revenue, emphasizing the successful execution of their strategies even during challenging times, including the pandemic. Schneider, a 32-year veteran of Cintas, aims to leverage the company's strengths for future growth.
Cintas Corporation (Nasdaq: CTAS) reported fiscal Q3 2021 results with revenue of $1.78 billion, down from $1.81 billion a year prior. However, diluted EPS rose by 9.7% to $2.37. While organic revenue growth was flat, the First Aid and Safety Services segment saw a 17.7% increase. Gross margin fell to $809.5 million, but gross margin percentage improved to 45.6%. Operating income increased by 3.8% to $326.5 million. Looking ahead, Cintas expects Q4 revenue between $1.80 billion to $1.83 billion and EPS of $2.20 to $2.40, excluding potential share buybacks.
Cintas Canada, Ltd. invites the public to nominate businesses for the 2021 Canada’s Best Restroom contest, running until May 14, 2021. The contest emphasizes the importance of hygiene, especially during current health concerns. Judging criteria include cleanliness, visual appeal, innovation, functionality, and unique design elements. The winner will receive $2,500 in facility services to maintain their award-winning washrooms. Last year's winner, Westview RV Park, experienced increased customer traffic and recognition post-contest.
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