$CTAS (Cintas Corporation)

$CTAS {{ '2016-03-22T20:54:39+0000' | timeago}} • Announcement

$CTAS updated its 2016 guidance. The company expects FY16 revenue to be $4.860-4.890Bil and EPS from continuing operations to be $3.98-4.03. This guidance does not include any potential deterioration in the US economy or share buybacks.

$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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