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) 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.
Cintas Corporation (Nasdaq: CTAS) plans to release its fiscal year 2021 third quarter results on March 17, 2021, before the market opens. A conference call will accompany the financial results, with a live webcast available starting at 10:00 a.m. ET. Investors can access the webcast at www.Cintas.com. A replay will be accessible two hours post-call for two weeks. Cintas is a Fortune 500 company providing essential products and services that help businesses maintain clean, safe environments.
Cintas Corporation (NASDAQ: CTAS) emphasizes the importance of restroom sanitation as public facilities reopen. A study reveals 77,000 bacteria and viruses can exist in restrooms. To address cleanliness concerns, Cintas offers five essential tips: use high-pressure cleaners, install touchless dispensers, keep supplies stocked, increase cleaning frequency, and clean before disinfecting. These practices aim to reduce germ transmission and enhance customer satisfaction.
Cintas Corporation (Nasdaq: CTAS) has updated investors on the effects of the COVID-19 pandemic on its business. CEO Scott D. Farmer noted a decrease in COVID-19 cases, leading to clearer financial expectations for the upcoming third quarter. Revenue is projected between $1.75 billion and $1.76 billion, with diluted earnings per share expected to be between $2.15 and $2.25. The company continues to support its customers by providing necessary products and services, maintaining strong cash flow, and plans to announce third-quarter results in March 2021.
Cintas Corporation (NASDAQ: CTAS) is preparing businesses for the return of employees and visitors post-pandemic. The company offers a range of 'facility essentials' aimed at preventing germ spread, including deep cleaning services, touchless dispensers, disposable gloves, disinfectant services, and face mask rentals. These solutions are designed to enhance safety and confidence in public facilities. Cintas supports over a million businesses by providing products and services that ensure cleanliness and safety, positioning them as a trusted partner in readiness for daily operations.
Cintas Corporation (NASDAQ: CTAS) is launching its eighth annual Custodian of the Year contest to honor school custodians for their vital role in maintaining clean and healthy environments, particularly during the COVID-19 pandemic. Nominations are accepted until March 2, 2021. The winner will receive $10,000, and their school will benefit from various products and training valued at over $25,000, including a $20,000 training and development package from ISSA. Ten finalists will each receive $1,000 and free tuition for training events.
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