Latest news with #CintasCorporation
National Post
10 hours ago
- Business
- National Post
Cintas Corporation Announces 15.4% Increase in Quarterly Cash Dividend
Article content CINCINNATI — Cintas Corporation (Nasdaq: CTAS) announced that the Company's Board of Directors approved a quarterly cash dividend of $0.45 per share of common stock payable on September 15, 2025, to shareholders of record at the close of business on August 15, 2025. This represents a 15.4% increase. Cintas has a strong record of returning capital to its shareholders and has consistently raised its dividend each year since Cintas' initial public offering 42 years ago in 1983. Article content Any future dividend declarations, including the amount of any dividends, are at the discretion of the Board of Directors and dependent upon then-existing conditions, including the Company's operating results and financial condition, capital requirements, contractual restrictions, business prospects and other factors that the Board of Directors may deem relevant. Article content Article content Todd M. Schneider, Cintas' President, and Chief Executive Officer, stated, 'We achieved record revenue and profit in our fiscal 2025. We grew sales and profit again, which is now 54 out of the last 56 years. Due to our excellent financial results and strong financial position, we are increasing our quarterly dividend. The dividend, accompanied by our share buyback program, continues to demonstrate our commitment to increasing shareholder value.' Article content Cintas Article content Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing products and services that help keep their customers' facilities and employees clean, safe and looking their best. With offerings including uniforms, mats, mops, towels, restroom supplies, workplace water services, first aid and safety products, eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm service, Cintas helps customers get Ready for the Workday ®. Headquartered in Cincinnati, 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. Article content Article content Article content Article content Article content
National Post
15 hours ago
- Business
- National Post
Cintas Corporation Makes Forbes Global 2000 List for the Fourth Year in a Row
The facilities services company continues to rise in the rankings among the world's largest corporations, reflecting its ongoing growth and success Article content CINCINNATI — Cintas Corporation (Nasdaq: CTAS) has been named to the 2025 Forbes Global 2000 list, which ranks the largest companies in the world. Cintas has moved up the list each year and ranked No. 814 on the Global 2000 this year, up from No. 839 in 2024. Article content Article content To determine its Global 2000 ranking, Forbes evaluates the world's largest public companies based on four key metrics: sales, profits, assets, and market value. Article content 'Rising up the ranks each year on the Forbes Global 2000 list is a testament to the culture we've intentionally built—one that empowers our people and puts purpose at the center of every decision,' said Todd Schneider, Cintas President and CEO. 'Our unwavering dedication to this culture motivates us to succeed and deliver excellence to those we serve. Being recognized among the top global companies reflects that shared commitment and dedication.' Article content To create its 2025 Global 2000 list, Forbes used the most recent 12 months of companies' financial data that was available through April 25, 2025. Article content Cintas' fiscal year begins on June 1, resulting in the company's fiscal year 2024 fourth quarter, and its first, second and third quarters of fiscal year 2025 constituting Forbes' data sample. Using those four quarters, Forbes calculated Cintas' qualifying data as $10.14 billion in sales, $1.77 billion in profit, $9.61 billion in assets and a $84.15 billion market value for the previous 12 months ending April 25, 2025. Article content Cintas officially closed its fiscal year 2025 on May 31, 2025, and reported revenues of $10.34 billion, an increase of 7.7% over fiscal year 2024 revenues of $9.60 billion. Operating income for fiscal 2025 increased to $2.36 billion compared to $2.07 billion for fiscal 2024, an increase of 14.1%. Article content About Cintas Corporation Article content Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing products and services that help keep their customers' facilities and employees clean, safe, and looking their best. With offerings including uniforms, mats, mops, towels, restroom supplies, workplace water services, first aid and safety products, eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm service, Cintas helps customers get Ready for the Workday®. Headquartered in Cincinnati, 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. Article content Article content Article content Article content Article content
Yahoo
18-07-2025
- Business
- Yahoo
Company News for Jul 18, 2025
Shares of Cintas Corporation (CTAS) gained 3.7% after the company reported fourth-quarter fiscal 2025 earnings of $1.09 per share, beating the Zacks Consensus Estimate of $1.07 per share. Citizens Financial Group, Inc.'s (CFG) shares gained 3.9% after the company reported second-quarter 2025 earnings per share of $0.92 per share, surpassing the Zacks Consensus Estimate of $0.88 per share. Shares of The Travelers Companies, Inc. (TRV) jumped 3.8% after the company reported second-quarter 2025 earnings of $6.51 per share, outpacing the Zacks Consensus Estimate of $3.54 per share. Elevance Health, Inc.'s (ELV) shares plummeted 12.2% after the company reported second-quarter 2025 earnings of $8.84 per share, missing the Zacks Consensus Estimate of $9.16 per share. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report Cintas Corporation (CTAS) : Free Stock Analysis Report Citizens Financial Group, Inc. (CFG) : Free Stock Analysis Report Elevance Health, Inc. (ELV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
17-07-2025
- Business
- Yahoo
Cintas' Q4 Earnings Surpass Estimates, Revenues Increase Y/Y
Cintas Corporation CTAS reported fourth-quarter fiscal 2025 (ended May 31, 2025) earnings of $1.09 per share, which beat the Zacks Consensus Estimate of $1.07. The bottom line rose 9% year over year despite an increase in operating revenues of $2.67 billion outperformed the consensus estimate of $2.63 billion. The top line rose 8% year over year, driven by higher segmental revenues. Organic sales were up 9% year over year. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)In fiscal 2025, CTAS reported net revenues of $10.34 billion, which increased 7.7% year over year. The company's adjusted earnings were $4.40 per share, up 16.1% year over year. Cintas' Segmental Results The company has two reportable segments, Uniform Rental and Facility Services and First Aid and Safety Services. Other businesses like Uniform Direct Sale and Fire Protection Services are included in All Other. Quarterly sales data is briefly discussed from the Uniform Rental and Facility Services segment (representing 76.1% of the quarter's net sales) totaled $2.03 billion, up 6.3% year over year. Our estimate for segmental revenues was $2.02 from the First Aid and Safety Services segment (representing 12.2% of the quarter's net sales) totaled $324.4 million, up 16.8% year over year. Our estimate for segmental revenues was $313.1 from All Other business (representing 11.7% of the quarter's net sales) totaled $312.6 million, up 10.8% year over year. Our estimate for segmental revenues was $289 million. Cintas Corporation Price, Consensus and EPS Surprise Cintas Corporation price-consensus-eps-surprise-chart | Cintas Corporation Quote CTAS' Margin Profile Cintas' cost of sales (comprising costs related to uniform rental and facility services and others) increased 6.9% year over year to $1.34 billion. It represented 50.3% of net sales. Gross profit increased 9.1% to $1.33 billion. The gross margin was 49.7% compared with 49.2% in the year-ago period. Our estimate for the gross margin was pegged at 49.9%.Selling and administrative expenses totaled $728.5 million, reflecting a 9.1% increase from the year-ago figure. It represented 27.3% of net sales. Operating income increased 9.1% year over year to $597.5 million. The operating margin was 22.4% compared with 22.2% in the year-ago quarter. Interest expenses decreased 0.1% to $24.1 million. Cintas' Balance Sheet & Cash Flow Exiting fiscal 2025, Cintas had cash and cash equivalents of $264 million compared with $342 million at the end of the year-ago fiscal year. Long-term debt was about $2.42 billion compared with $2.03 billion at the end of the year-ago fiscal year. In fiscal 2025, CTAS generated net cash of $2.17 billion from operating activities, up 4.7% from the year-ago period. Capital expenditures in the same period totaled $408.9 million, down 0.1% year over year. Free cash flow increased 5.9% year over year to $1.76 company repurchased shares worth $934.8 million compared with $700 million in the year-ago period. Dividend payments totaled $611.6 million, up 15.2% year over year. CTAS' FY26 Guidance For fiscal 2026, Cintas expects revenues to be in the range of $11-$11.15 billion. The midpoint of the guided range — $11.08 billion — lies above the Zacks Consensus Estimate of $11.02 billion. Earnings per share are estimated to be in the range of $4.71-$4.85. The midpoint of the guided range — $4.78 — lies below the consensus estimate of $ predicts net interest expenses of approximately $98 million. This compares with interest expenses of $101.1 million recorded in fiscal 2025. The effective tax rate is expected to be 20%. CTAS' Zacks Rank & Other Stocks to Consider Cintas currently carries a Zacks Rank #2 (Buy). Some other top-ranked companies are discussed Inc. AZZ currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks delivered a trailing four-quarter average earnings surprise of 8.1%. In the past 60 days, the Zacks Consensus Estimate for AZZ's fiscal 2026 earnings has increased 4.9%.Broadwind, Inc. BWEN presently sports a Zacks Rank of 1. The company delivered a trailing four-quarter average earnings surprise of 61.1%.In the past 60 days, the consensus estimate for BWEN's 2025 earnings has remained Holdings, Inc. ALRM presently carries a Zacks Rank of 2. It has a trailing four-quarter average earnings surprise of 15.7%.The Zacks Consensus Estimate for ALRM's 2025 earnings has remained steady in the past 60 days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cintas Corporation (CTAS) : Free Stock Analysis Report AZZ Inc. (AZZ) : Free Stock Analysis Report Broadwind Energy, Inc. (BWEN) : Free Stock Analysis Report Holdings, Inc. (ALRM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
17-07-2025
- Business
- National Post
Cintas Corporation Announces Fiscal 2025 Fourth Quarter and Full Year Results
Article content CINCINNATI — Cintas Corporation (Nasdaq: CTAS) today reported results for its fiscal 2025 fourth quarter ended May 31, 2025. Revenue for the fourth quarter of fiscal 2025 increased to $2.67 billion compared to $2.47 billion in last year's fourth quarter, an increase of 8.0%. The fourth quarter of fiscal 2025 was negatively impacted by one less workday compared to the fourth quarter of fiscal 2024. On a same workday basis, revenue for the fourth quarter of fiscal 2025 was 9.6%. The organic revenue growth rate for the fourth quarter of fiscal 2025, which adjusts for the impacts of acquisitions, foreign currency exchange rate fluctuations and workday differences, was 9.0%. Article content Gross margin for the fourth quarter of fiscal 2025 increased to $1.33 billion compared to $1.22 billion in last year's fourth quarter, an increase of 9.1%. Gross margin as a percentage of revenue was 49.7% for the fourth quarter of fiscal 2025 compared to 49.2% in last year's fourth quarter, an increase of 50 basis points. Article content Operating income for the fourth quarter of fiscal 2025 increased 9.1% to $597.5 million compared to $547.6 million in last year's fourth quarter. Operating income as a percentage of revenue was 22.4% in the fourth quarter of fiscal 2025 compared to 22.2% in last year's fourth quarter. Article content Net income increased to $448.3 million for the fourth quarter of fiscal 2025 compared to $414.3 million in last year's fourth quarter, an increase of 8.2%. The fourth quarter of fiscal 2025 effective tax rate was 22.1% compared to 21.4% in last year's fourth quarter. The tax rates in both quarters were impacted by certain discrete items, primarily the tax accounting impact for stock-based compensation. Fourth quarter of fiscal 2025 diluted earnings per share (EPS) was $1.09 compared to $1.00 in last year's fourth quarter, an increase of 9.0%. The diluted EPS in each period is reflective of the impact of the four-for-one split of Cintas' common stock on September 11, 2024 (the Stock Split). Article content For the fiscal year ended May 31, 2025, revenue increased to $10.34 billion compared to $9.60 billion for fiscal 2024, an increase of 7.7%. Fiscal 2025 was negatively impacted by two less workdays compared to fiscal 2024. On a same workday basis, revenue for fiscal 2025 increased 8.6%. The organic revenue growth rate for fiscal 2025 was 8.0%. Operating income for fiscal 2025 increased to $2.36 billion compared to $2.07 billion for fiscal 2024, an increase of 14.1%. Operating income as a percent of revenue was 22.8% in fiscal 2025 compared to 21.6% in fiscal 2024. Diluted EPS for fiscal 2025 was $4.40 compared to $3.79 in fiscal 2024, an increase of 16.1%. The diluted EPS in each period is reflective of the impact of the Stock Split. Article content Cash flow from operating activities increased to $2.17 billion in fiscal 2025 compared to $2.07 billion in fiscal 2024. Cintas spent $408.9 million on capital expenditures in fiscal 2025, which is 4.0% as a percentage of revenue. Cintas acquired businesses for a total of $232.9 million in fiscal 2025. During fiscal 2025, Cintas paid cash dividends of $611.6 million, an increase of 15.2% over fiscal 2024. During fiscal 2025, under its authorized share buyback program, Cintas purchased 3.8 million shares of Cintas common stock at an average price of $179.07 per share, for a total purchase price of $679.3 million. Article content Todd M. Schneider, Cintas' President and Chief Executive Officer, stated, 'Our fourth quarter and full year results underscore the enduring strength of the Cintas value proposition. We achieved strong organic revenue growth and set all-time highs in gross margin and operating margin, driven by strategic investments in the business and the unwavering dedication of our employee-partners. By staying focused on operational excellence and making thoughtful investments, we continue to position Cintas for long-term success while returning capital to shareholders.' Article content Mr. Schneider concluded, 'As we enter fiscal 2026, we remain focused on delivering unmatched service to our customers, leveraging our distinctive culture and generating sustainable, long-term results for all our stakeholders.' Article content For fiscal 2026, revenue is expected to be in the range of $11.00 billion to $11.15 billion, and diluted EPS is expected to be in the range of $4.71 to $4.85. Please note the following regarding guidance: Article content Both fiscal year 2025 and fiscal year 2026 have the same number of workdays for the year and by quarter. Guidance does not assume any future acquisitions. Guidance assumes a constant foreign currency exchange rate. Fiscal year 2026 interest, net is expected to be approximately $98.0 million. Fiscal year 2026 effective tax rate is expected to be 20.0%, which is the same as fiscal year 2025. Our diluted EPS guidance includes no future share buybacks or significant economic disruptions or downturn. Article content Cintas Article content Cintas Corporation helps more than one million businesses of all types and sizes get Ready ™ to open their doors with confidence every day by providing products and services that help keep their customers' facilities and employees clean, safe and looking their best. With offerings including uniforms, mats, mops, towels, restroom supplies, workplace water services, first aid and safety products, eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm service, Cintas helps customers get Ready for the Workday ®. Headquartered in Cincinnati, 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. Article content Cintas will host a live webcast to review the fiscal 2025 fourth quarter results today at 10:00 a.m., Eastern Time. The webcast will be available to the public on Cintas' website at A replay of the webcast will be available approximately two hours after the completion of the live call and will remain available for two weeks. Article content CAUTION CONCERNING FORWARD-LOOKING STATEMENTS Article content This Press Release contains forward-looking statements, including statements regarding our future business plans and expectations, and including the company's fiscal 2026 full-year guidance. The Private Securities Litigation Reform Act of 1995 provides a safe harbor from civil litigation for forward-looking statements. Forward-looking statements may be identified by words such as 'estimates,' 'anticipates,' 'predicts,' 'projects,' 'plans,' 'expects,' 'intends,' 'target,' 'forecast,' 'believes,' 'seeks,' 'could,' 'should,' 'may' and 'will' or the negative versions thereof and similar words, terms and expressions and by the context in which they are used. Such statements are based upon current expectations of Cintas and speak only as of the date made. You should not place undue reliance on any forward-looking statement. We cannot guarantee that any forward-looking statement will be realized. These statements are subject to various risks, uncertainties, potentially inaccurate assumptions and other factors that could cause actual results to differ from those set forth in or implied by this Press Release. Factors that might cause such a difference include, but are not limited to, the possibility of greater than anticipated operating costs including energy and fuel costs; lower sales volumes; loss of customers due to outsourcing trends; the performance and costs of integration of acquisitions; supply chain constraints and macroeconomic conditions, including inflationary pressures and higher interest rates; changes in global trade policies, tariffs, and other measures that could restrict international trade; fluctuations in costs of materials and labor, including increased medical costs; costs and possible effects of union organizing activities; failure to comply with government regulations concerning employment discrimination, employee pay and benefits and employee health and safety; the effect on operations of exchange rate fluctuations, and other political, economic and regulatory risks; uncertainties regarding any existing or newly-discovered expenses and liabilities related to environmental compliance and remediation; our ability to meet our aspirations relating to sustainability opportunities, improvements and efficiencies; the cost, results and ongoing assessment of internal controls over financial reporting; the effect of new accounting pronouncements; risks associated with cybersecurity threats, including disruptions caused by the inaccessibility of computer systems data and cybersecurity risk management; the initiation or outcome of litigation, investigations or other proceedings; higher assumed sourcing or distribution costs of products; the disruption of operations from catastrophic or extraordinary events including global health pandemics; the amount and timing of repurchases of our common stock, if any; changes in global tax and labor laws; and the reactions of competitors in terms of price and service. Cintas undertakes no obligation to publicly release any revisions to any forward-looking statements or to otherwise update any forward-looking statements whether as a result of new information or to reflect events, circumstances or any other unanticipated developments arising after the date on which such statements are made, except otherwise as required by law. A further list and description of risks, uncertainties and other matters can be found in our Annual Report on Form 10-K for the year ended May 31, 2024 and in our reports on Forms 10-Q and 8-K. The risks and uncertainties described herein are not the only ones we may face. Additional risks and uncertainties presently not known to us, or that we currently believe to be immaterial, may also harm our business. Article content Reconciliation of Non-GAAP Financial Measures Article content The press release contains non-GAAP financial measures within the meaning of the rules promulgated by the U.S. Securities and Exchange Commission. To supplement its consolidated condensed financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), the Company provides these additional non-GAAP financial measures of free cash flow and organic revenue growth. The Company believes that these non-GAAP financial measures are appropriate to enhance understanding of its past performance as well as prospects for future performance. A reconciliation of the differences between these non-GAAP financial measures with the most directly comparable financial measures calculated in accordance with GAAP are shown in the tables below. Article content Management uses free cash flow to assess the financial performance of the Company. Management believes that free cash flow is useful to investors because it relates the operating cash flow of the Company to the capital that is spent to continue, improve and grow business operations. Article content Management believes that organic revenue growth is valuable to investors because it reflects the revenue performance compared to a prior period with the same number of revenue generating days and excludes the impact from acquisitions and foreign currency exchange rate fluctuations. Article content Cintas Corporation Consolidated Condensed Balance Sheets (In thousands) May 31, 2025 May 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 263,973 $ 342,015 Accounts receivable, net 1,417,381 1,244,182 Inventories, net 447,408 410,201 Uniforms and other rental items in service 1,137,361 1,040,144 Prepaid expenses and other current assets 170,046 148,665 Total current assets 3,436,169 3,185,207 Property and equipment, net 1,652,474 1,534,168 Investments 339,518 302,212 Goodwill 3,400,227 3,212,424 Service contracts, net 309,828 321,902 Operating lease right-of-use assets, net 224,383 187,953 Other assets, net 462,642 424,951 $ 9,825,241 $ 9,168,817 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 485,109 $ 339,166 Accrued compensation and related liabilities 229,538 214,130 Accrued liabilities 875,077 761,283 Income taxes, current 4,034 18,618 Operating lease liabilities, current 50,744 45,727 Debt due within one year — 449,595 Total current liabilities 1,644,502 1,828,519 Long-term liabilities: Debt due after one year 2,424,999 2,025,934 Deferred income taxes 471,740 475,512 Operating lease liabilities 178,738 146,824 Accrued liabilities 420,781 375,656 Total long-term liabilities 3,496,258 3,023,926 Shareholders' equity: Preferred stock, no par value: — — 100 shares authorized, none outstanding Common stock, no par value, and paid-in capital: 2,593,479 2,305,301 1,700,000 shares authorized FY 2025: 776,936 issued and 402,948 outstanding FY 2024: 773,097 issued and 405,008 outstanding Retained earnings 11,798,451 10,617,955 Treasury stock: FY 2025: 373,988 shares Article content Article content Article content Article content Article content Contacts Article content For additional information, contact: Article content Article content Article content Article content
