$CTAS (Cintas Corporation)

$CTAS {{ '2015-12-21T22:26:25+0000' | timeago}} • Webcast

$CTAS said that the company estimates the headcount reductions in oil, gas, and coal industry lowered its organic growth rate by about 75 BPs in the second quarter of fiscal 2016 and reduced its operating margin by about 35 BPs.

$CTAS {{ '2018-01-11T15:36:48+0000' | timeago}} • Announcement

$CTAS plans to gradually close its centralized stockroom in Des Moines, IA over the next four months. $CTAS acquired this facility as part of its merger with G&K Services earlier this year. The facilities closure will impact about 35 employee-partners.

$CTAS {{ '2017-12-22T14:19:35+0000' | timeago}} • Webcast

$CTAS said the growth expectations for the First Aid business have continued to be in the high single digits range. The company has a lot of opportunity to grow its customer base with the safety cabinets and other products and services. $CTAS believes there is plenty of good organic growth to come in future.

$CTAS {{ '2017-12-22T13:53:12+0000' | timeago}} • Webcast

$CTAS believes the US tax reform will result in significant benefits to the company. Under the new tax laws, $CTAS expects the effective tax rate for FY18 to be 8-12%. These lower FY18 rates will be incorporated into guidance over the next several months. $CTAS expects effective tax rate for FY19 and thereafter to be 23-26%.

$CTAS {{ '2017-12-22T13:52:42+0000' | timeago}} • Webcast

$CTAS' integration of G&K continues to proceed as planned. The pace of closing duplicate operations increased in 2Q18. $CTAS has closed 50 operations and 47% of G&K locations have been converted to the $CTAS operating system. This enabled $CTAS to realize about $14MM in synergies in 2Q18.

$CTAS {{ '2017-12-21T22:37:35+0000' | timeago}} • Announcement

$CTAS is raising its revenue guidance to a range of $6.36-6.43Bil and EPS from continuing operations to a range of $5.39-5.46.

$CTAS {{ '2017-12-21T22:34:21+0000' | timeago}} • Announcement

$CTAS reported net income of $137MM or $1.23 per share in 2Q18 compared to $140MM or $1.29 per share in 2Q17. Revenue for 2Q18 was $1.61Bil, an increase of 26.4% over 2Q17. The organic revenue growth rate, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 7.7%.

$CTAS {{ '2017-12-21T22:09:18+0000' | timeago}} • Infographic

$CTAS Cintas Corporation Earnings AlphaGraphic: Q2 2018 Highlights

$CTAS {{ '2017-11-17T14:48:39+0000' | timeago}} • Announcement

$CTAS' BoD approved a $1.62 per share annual dividend, representing a 21.8% increase over last year's annual dividend of $1.33 per share. This dividend is payable on Dec. 8, 2017 to shareholders of record as of Nov. 10, 2017.

$CTAS {{ '2017-10-17T19:15:48+0000' | timeago}} • Announcement

$CTAS approved a $1.62 per share annual dividend, representing a 21.8% increase over last year’s annual dividend of $1.33 per share. This dividend is payable on December 8, 2017 to shareholders of record as of November 10, 2017.

$CTAS {{ '2017-09-27T14:38:37+0000' | timeago}} • Webcast

$CTAS' Uniform Rental and Facility Services segment gross margin was 46.1% in 1Q18, up 10BP from 46% in prior year period. First Aid and Safety Services segment gross margin was 47.5%, compared to 45.8% in 1Q17, an increase of 170BP.

$CTAS {{ '2017-09-27T14:32:24+0000' | timeago}} • Webcast

During 1Q18, $CTAS' organic growth rate, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 8.3%. The organic growth rate Uniform Rental and Facility Services segment accelerated to a rate of 8.1% and for First Aid and Safety Services segment it was 11.9%. Gross Margin improved to 45.9% in 1Q18.

$CTAS {{ '2017-09-26T21:06:22+0000' | timeago}} • Announcement

$CTAS increased its annual guidance for FY18. The company expects its revenue to be in the range of $6.325-6.400Bil and EPS from continuing operations to be in the range of $5.30-5.38. The increased FY18 guidance does not include any future G&K transaction and integration expenses.

$CTAS {{ '2017-09-26T20:58:50+0000' | timeago}} • Announcement

Uniform rental company $CTAS reported higher 1Q18 results. Revenue for the quarter came in at $1.6Bil, up 27.2% compared to prior year period. This was mainly due to the acquisition of G&K Services. Net earnings rose to $217MM, or $1.96 a share, compared with $138MM, or $1.26 a share, in the year-ago period.

$CTAS {{ '2017-04-04T14:48:04+0000' | timeago}} • Announcement

$CTAS agreed to buy $GK$CTAS anticipates realizing annual synergies of $130-140MM. Synergies are projected to be realized in their entirety in the fourth full year after closing. Upon completion of the merger, $GK will be a wholly owned subsidiary of $CTAS, and is expected to initially operate under its existing brand name.

$CTAS {{ '2017-04-04T14:46:59+0000' | timeago}} • Announcement

$CTAS agreed to buy $GK for $97.50 per share in cash, for a total enterprise value of about $2.2Bil, including acquired net debt. The BoDs of both companies have approved the transaction,which is expected to close in next 4-6 months.The transaction is expected to be accretive to $CTAS' EPS in its second full year after closing.

$CTAS {{ '2017-03-22T22:03:41+0000' | timeago}} • Webcast

$CTAS said new business, which includes new customers, continues to be the strongest driver of growth. New business also includes the penetration of existing customers and this is continuing at a strong pace. Retention has been strong at about 95% and there has been no significant change or movement in the key components of organic growth drivers.

$CTAS {{ '2017-03-22T21:43:54+0000' | timeago}} • Webcast

$CTAS continues to expect revenue growth in the mid to high single digits going forward. In terms of G&K, the company expects to see normal customer attrition and also some significant pressures on the new business. Moving forward, $CTAS believes it might see pressure that could bring revenue down by 5-10% over the course of 2018.

$CTAS {{ '2017-03-22T21:27:20+0000' | timeago}} • Webcast

In 3Q17, GM for $CTAS’ Uniform Rental and Facility Services segment improved to 45%, an increase of 100BP compared to 3Q16. The First Aid and Safety Services segment GM improved to 44.8%, an increase of 260BP compared to last year. The All Other segment GM was 39.1%.

$CTAS {{ '2017-03-22T21:12:41+0000' | timeago}} • Webcast

During 3Q17, $CTAS’ organic growth rate, which adjusts for the impacts of acquisitions, foreign currency exchange rate fluctuations and differences in the number of workdays, was 6.5%. Organic growth for the Uniform Rental and Facility Services segment accelerated to a rate of 7.3%. GM improved to 44.2% in 3Q17.

$CTAS {{ '2017-03-22T20:47:17+0000' | timeago}} • Announcement

During 3Q17, $CTAS posted revenues of $993MM in its Uniform Rental and Facility Services segment compared to $936MM in 3Q16. In the First Aid and Safety Services segment, revenues were $124MM compared to $119MM last year. Revenues for All Other were $163MM in 3Q17.

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