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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.

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Cintas Corporation (Nasdaq: CTAS) has been named one of FORTUNE’s 2024 World’s Most Admired Companies, ranking second amongst all companies in the Diversified Outsourcing Services category. This is the 16th time that Cintas has been recognized by FORTUNE for this honor. Cintas has been ranked first in categories such as People management, Use of corporate assets, Quality of Management, and Quality of Products and Services. The company is also listed on the 2023 Fortune 500. Approximately 15,000 senior executives, outside directors, and industry analysts were surveyed to rate their peers on nine attributes, leading to the selection of the World’s Most Admired List.
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Cintas Corporation (Nasdaq: CTAS) has appointed Beverly K. Carmichael as an independent director to its Board of Directors, expanding the Board to 11 members. Carmichael brings over 30 years of experience in human resources and employment law, with a track record of building high-performance workforce cultures. Her previous roles include Executive Vice President at Red Robin Gourmet Burgers and Senior Vice President at Cracker Barrel Old Country Store. She has also held leadership positions at Ticketmaster, Rockwell Collins, and Southwest Airlines, and has served on the boards of public and private companies such as Viad Corp, Cotton Patch Cafe, Inc., and ezCater, Inc.
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Cintas Corporation (NASDAQ:CTAS) has published its 2023 Sustainability Report, highlighting progress in reducing energy and emissions intensity, improving water usage efficiency, and maintaining worker safety. The report details the company's performance in fiscal year 2023, including achievements such as the lowest safety incident rate in company history, increased diversity among employee-partners, and significant reductions in greenhouse gas emissions, energy usage, and water consumption.
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Cintas Corporation (Nasdaq: CTAS) has approved a quarterly cash dividend of $1.35 per share of common stock, continuing its 41-year history of raising dividends annually since its IPO in 1983. The company focuses on providing products and services to help businesses maintain clean, safe, and presentable facilities and employees. Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor’s 500 Index and Nasdaq-100 Index.
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Cintas Corporation (Nasdaq: CTAS) was awarded the NETS Road Safety Achievement Award for Overall Road Safety at the annual Strength IN Numbers® Fleet Safety Benchmark Conference. The company was recognized for its Cintas Driver Safety Program, which focuses on improving the knowledge, skill, and driving habits of its employee-partners. The program includes new employee-partner training, ongoing training for all partners, and collaboration with Smith System for driver training since 2003.
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Cintas Corporation launches its 11th annual Cintas Custodian of the Year contest, honoring exceptional school custodians. The winner will receive $10,000 and the winner's school will receive $5,000 in Cintas and Rubbermaid products and services, as well as a facility assessment and Cleaning Industry Management Standard (CIMS) Advanced by GBAC certification from ISSA. The other nine finalists will receive $1,000 each and additional benefits. Nominations are open to all elementary, middle, high school, college, and university custodians who have worked at their school for at least two years.
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Cintas (CTAS) Partners with Project SEARCH to Ensure Disability Inclusion
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Cintas Corporation (Nasdaq: CTAS) reported a 9.3% increase in revenue for the second quarter of fiscal 2024, reaching $2.38 billion. Gross margin also increased by 11.6% to $1.14 billion, and net income rose to $374.6 million. The effective tax rate for the second quarter was 20.9%, and diluted EPS grew by 15.7% to $3.61. Cintas increased its quarterly cash dividend by 17.1% and repurchased shares totaling $320.3 million. The company raised its annual revenue expectations and diluted EPS guidance for fiscal 2024.
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Cintas Corporation (Nasdaq:CTAS) will release fiscal year 2024 second quarter results on December 21, 2023. A conference call and live webcast will be available to address the financial results, with a replay available on the company's website.
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Cintas Corporation (NASDAQ:CTAS) has been honored among Newsweek's 2024 America's Most Responsible Companies for the third consecutive year. The company's commitment to environmental, social, and corporate governance leadership has been recognized through its holistic approach to corporate responsibility. Cintas will publish its 2023 ESG Report in January 2024, further emphasizing its dedication to sustainability and ethical business practices.
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FAQ

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

The current stock price of Cintas (CTAS) is $200.57 as of January 31, 2025.

What is the market cap of Cintas (CTAS)?

The market cap of Cintas (CTAS) is approximately 81.0B.

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

80.97B
342.82M
15.06%
66.6%
1.37%
Specialty Business Services
Men's & Boys' Furnishgs, Work Clothg, & Allied Garments
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United States
CINCINNATI