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Visu uses AI to transform SEC filings and press releases into accurate summaries of earnings and key company events.
Cintas Reports 8.7% Revenue Growth and Increased Dividend
Cintas Corporation reported its financial results for the first quarter of fiscal 2026, ending August 31, 2025, with revenue reaching $2.72 billion, an increase of 8.7% from the previous year. The growth was supported by a 0.9% contribution from acquisitions and an organic revenue growth rate of 7.8%. Gross margin also improved, totaling $1.37 billion, reflecting a gross margin percentage of 50.3%. Operating income rose by 10.1% to $617.9 million, while net income increased to $491.1 million, representing an 8.7% growth compared to the same quarter last year. Diluted earnings per share were reported at $1.20, up 9.1% year-over-year.
In addition to strong financial performance, Cintas announced a quarterly dividend of $182.3 million, marking a 15.4% increase from the prior year. The company has also initiated share buybacks totaling $347.4 million during the quarter. Cintas raised its full fiscal year revenue guidance to a range of $11.06 billion to $11.18 billion and adjusted its diluted EPS guidance to a range of $4.74 to $4.86. The effective tax rate for fiscal 2026 is expected to be around 20.0%, consistent with the previous year.
linkSep 24, 2025 08:34:41
Cintas Reports Fourth Quarter and Full Year Financial Results
Cintas Corporation announced its financial results for the fourth quarter and full year of fiscal 2025. For the fourth quarter, revenue reached $2.67 billion, an 8.0% increase from the previous year, with a 9.6% increase on a same workday basis. Gross margin rose to $1.33 billion, representing 49.7% of revenue, while operating income increased to $597.5 million. Net income for the quarter was $448.3 million, leading to diluted earnings per share of $1.09, an increase of 9.0%. For the full fiscal year, revenue was $10.34 billion, a 7.7% increase, with diluted EPS rising to $4.40, reflecting a 16.1% growth compared to fiscal 2024.
Cintas also highlighted its capital allocation strategy, paying $611.6 million in dividends, a 15.2% increase from the prior year, and repurchasing 3.8 million shares for $679.3 million. The company reported cash flow from operating activities of $2.17 billion and capital expenditures of $408.9 million. Looking ahead to fiscal 2026, Cintas anticipates revenue between $11.00 billion and $11.15 billion and diluted EPS in the range of $4.71 to $4.85, although guidance does not assume future acquisitions or significant economic disruptions.
linkJul 17, 2025 08:31:26
Cintas Announces CFO Transition with Leadership Changes
Cintas Corporation has announced that Mike Hansen will retire as CFO at the end of the fiscal year, transitioning to a new role as Assistant to the CEO. Scott Garula, currently President of the Rental Division, will take over as CFO. The company emphasized the importance of continuity in leadership and expressed gratitude for Hansen's contributions, particularly during his tenure as CFO, which has seen notable performance and value creation. Garula's extensive experience within the company and his leadership roles are highlighted as beneficial for the company's future growth and shareholder value.
While the transition appears to be planned and orderly, there is a notable change in leadership, which can introduce uncertainty in any organization. Hansen's retirement from the CFO position marks the end of a significant period for Cintas, and while he will still contribute in a different capacity, the effectiveness of Garula's leadership in the CFO role remains to be seen. The announcement does not provide specific details about any immediate financial impacts or changes in company strategy that may arise from this leadership transition.
linkApr 04, 2025 09:08:46
Cintas Corporation Reports Revenue and Income Growth in Q3 2025
Cintas Corporation reported third-quarter revenue of $2.61 billion for fiscal 2025, up 8.4% from $2.41 billion in the same quarter last year. The increase in revenue was influenced positively by acquisitions and negatively impacted by foreign currency exchange rate fluctuations. Gross margin also saw an increase to $1.32 billion, representing 50.6% of revenue, which is an improvement from 49.4% in the previous year. Operating income rose by 17.1% to $609.9 million, with net income increasing by 16.6% to $463.5 million. Additionally, diluted earnings per share grew to $1.13, compared to $0.96 a year earlier, and a quarterly dividend of $158.1 million was paid, marking a 14.9% increase from last year.
Conversely, the effective tax rate for the third quarter increased to 21.0% from 19.9% in the previous year, influenced by certain discrete items related to stock-based compensation. The company also noted that its revenue guidance for fiscal 2025 was adjusted downward due to the negative impact of foreign currency exchange fluctuations, although the organic growth rate expectations were slightly raised. Interest expenses were reported at $24.8 million, with a slight decrease compared to the previous year. Furthermore, Cintas acknowledged that the fiscal 2025 had two fewer workdays compared to the previous year, which may affect overall performance metrics.
linkMar 26, 2025 08:31:43
Cintas Ends Acquisition Talks with UniFirst Over Key Terms
Cintas Corporation has announced the termination of discussions with UniFirst Corporation regarding a proposed acquisition at $275.00 per share, which represented a 46% premium over UniFirst’s average closing price prior to the proposal. The CEO, Todd Schneider, indicated that despite efforts to reach an agreement, substantive engagement on key transaction terms was not achieved, leading to the decision to halt further discussions.
Cintas emphasized its commitment to executing its growth strategy through disciplined mergers and acquisitions, alongside investments in technology initiatives aimed at driving innovation and efficiency. The company highlighted its capabilities in providing essential products and services to over one million businesses, positioning itself to create value for shareholders and stakeholders.
linkMar 24, 2025 16:34:31
Cintas Proposes $275 Per Share Cash Acquisition of UniFirst
Cintas Corporation has proposed to acquire UniFirst Corporation for $275.00 per share in cash, offering a 46% premium to UniFirst's average price over the last 90 days. The total value of the proposal is approximately $5.3 billion, which Cintas believes would benefit shareholders, employees, and customers by enhancing service and leveraging ongoing technology investments. Cintas has expressed a strong desire for collaborative discussions to finalize the deal and has indicated readiness to explore various options to increase the offer if justified by UniFirst's value creation plans.
However, UniFirst's Board of Directors has unanimously rejected the proposal, stating it is not in the best interests of the company or its stakeholders. Despite multiple attempts by Cintas to engage in discussions, UniFirst has refused to meet or consider the offer, citing their own growth and value creation strategies. This marks a continued lack of engagement from UniFirst, as Cintas has previously approached them with an offer in 2022 that was also rejected without substantial discussion.
linkJan 07, 2025 09:06:55
Cintas Reports $2.56 Billion Revenue for Q2 Fiscal 2025
Cintas Corporation reported a revenue increase of 7.8% for the second quarter of fiscal 2025, reaching $2.56 billion compared to $2.38 billion in the same quarter last year. Gross margin also saw an uptick, rising by 11.8% to $1.28 billion, with net income increasing by 19.7% to $448.5 million. Diluted earnings per share rose 21.1% to $1.09, reflecting a positive performance in operational efficiency and cash generation. Additionally, the company announced a quarterly dividend of $158 million, marking a 14.9% increase from the previous year.
On the downside, Cintas noted that there were two fewer workdays in fiscal 2025 compared to fiscal 2024, which may impact revenue generation. While the company updated its annual revenue guidance, it also acknowledged potential risks such as increased operating costs and uncertainties in the economic environment. Interest expenses are expected to rise due to higher variable rate debt, which could affect future profitability.
linkDec 19, 2024 08:31:58
Cintas Corporation Reports Strong First Quarter Financial Results
Cintas Corporation has reported impressive financial results for the first quarter of fiscal 2025, with revenue reaching $2.50 billion, up 6.8% from the previous year. This growth is particularly notable when adjusted for the fewer workdays this quarter. The company's gross margin also increased significantly, indicating better efficiency and profitability, while net income rose by 17.4% to $452 million. Additionally, Cintas generated strong cash flow from operations, allowing for a substantial share repurchase and a notable 15.6% increase in quarterly dividends to shareholders, marking their 41st consecutive annual dividend increase.
Despite the challenges of having fewer workdays, Cintas has raised its full-year financial guidance, reflecting robust business momentum and effective execution by its team. The company’s leadership emphasized their commitment to returning value to shareholders while continuing to invest in customer service and employee development. Overall, Cintas' performance showcases its resilience and strong market position, setting a positive outlook for the remainder of the fiscal year.
linkSep 25, 2024 08:30:58
Cintas Corporation Reports Strong Fiscal 2024 Results and Positive Outlook for Fiscal 2025
Cintas Corporation's fiscal 2024 fourth quarter and full-year results show revenue growth, increased gross margin, operating income, net income, and diluted earnings per share. Fiscal 2025 outlook anticipates revenue and diluted earnings per share growth. The company emphasizes robust revenue growth, margin expansion, and successful capital allocation strategy. Cintas plans a common stock split, expects continued growth, and focuses on enhancing customer experiences, employee culture, and operational efficiency through technology investments.
linkJul 18, 2024 08:47:31
Cintas Corp Reports Strong Q3 Results, Raises Full-Year Guidance
Cintas Corp's Q3 2024 revenue increased by 9.9%, with a significant rise in gross margin and net income. Operating income and diluted EPS also showed notable growth. The company increased its quarterly cash dividend by 17.1% and raised its full-year revenue and EPS guidance based on the strong performance. Cintas helps businesses with various products and services to maintain cleanliness and safety. The company's effective tax rate and interest expense for fiscal year 2024 are expected to be favorable compared to the previous year.
linkMar 27, 2024 08:37:16