Early Access

CTAS SEC Filings

CINTAS CORP - 322 total filings

Showing 1–50 of 322 filings
10-Q

CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2025

Jan 7, 2026

Cintas Corporation reported strong financial performance for the six months ended November 30, 2025, with total revenue increasing by 9.0% to $5.52 billion and net income rising by 9.5% to $986.5 million. This growth was driven by a 9.3% increase in revenue for the three months ended November 30, 2025, reaching $2.80 billion, and a 10.4% rise in net income to $495.3 million compared to the prior year period. Both the Uniform Rental and Facility Services and First Aid and Safety Services segments demonstrated robust revenue growth, indicating continued demand for Cintas' core offerings. The company also demonstrated effective cost management, with the cost of uniform rental and facility services improving as a percentage of revenue. Despite increased investments in selling resources, operating income saw a healthy increase of 10.4% for the quarter and 9.5% for the six-month period, leading to improved operating margins. Cintas also returned significant capital to shareholders through dividends and substantial share repurchases, underscoring its financial strength and commitment to shareholder value.

8-K

CINTAS CORP 8-K Report, Corporate Update (Dec 22, 2025)

Dec 22, 2025

Cintas Corporation (CTAS) has announced a significant development in its strategic growth initiatives by submitting a proposal to acquire UniFirst Corporation for $275.00 per share in cash. This all-cash offer aims to acquire all outstanding common and class B shares of UniFirst, signaling a potentially transformative move for Cintas in the uniform rental and facility services industry. While the proposal is a strong indication of Cintas' intent, investors should note that this is an initial offer and the transaction is subject to various conditions and risks. The company has included a forward-looking statements section highlighting potential challenges such as the possibility of the transaction not being consummated, integration risks, and the impact on Cintas' earnings per share. Investors are advised to monitor future filings for updates and to consider the potential synergies and integration costs associated with such a significant acquisition.

8-K

CINTAS CORP 8-K Report, Financial Results (Dec 18, 2025)

Dec 18, 2025

Cintas Corporation (CTAS) has filed an 8-K report on December 17, 2025, primarily to disclose its financial results for the quarter ended November 30, 2025. This filing includes a press release, furnished as Exhibit 99, which contains the detailed financial performance for the period. Investors should review this press release for key metrics such as revenue, earnings per share, and any forward-looking guidance provided by the company. The primary purpose of this 8-K is to make the company's quarterly financial announcements publicly available in compliance with SEC regulations. While the 8-K itself is brief, it serves as the official gateway to the more comprehensive financial information released by Cintas. Investors are encouraged to access and analyze the press release for a thorough understanding of the company's current operational and financial standing, as well as management's outlook.

8-K

CINTAS CORP 8-K Report, Shareholder Vote Results (Oct 31, 2025)

Oct 31, 2025

Cintas Corporation (CTAS) has filed an 8-K report detailing the outcomes of its 2025 Annual Meeting of Shareholders, held on October 28, 2025. The report primarily focuses on the voting results of several key proposals presented to the shareholders. Notably, all incumbent directors were overwhelmingly re-elected, demonstrating strong shareholder confidence in the current leadership and governance structure of the company. Additionally, shareholders approved an advisory resolution on executive compensation and ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2026, indicating continued support for the company's financial oversight and compensation practices. However, a significant outcome was the rejection of a shareholder proposal aimed at enabling shareholders to call for a special meeting. This proposal did not receive majority support, suggesting that the current governance mechanisms and board discretion are preferred by the majority of shareholders over increased shareholder-initiated actions. Overall, the meeting results reflect solid backing for Cintas's management and audit functions, while indicating a preference for maintaining the status quo regarding certain shareholder rights proposals.

10-Q

CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2025

Oct 8, 2025

Cintas Corporation reported strong financial results for the three months ended August 31, 2025. Total revenue increased by 8.7% year-over-year to $2.72 billion, with organic growth contributing 7.8%. Both the Uniform Rental and Facility Services segment and the First Aid and Safety Services segment demonstrated robust revenue growth, indicating continued demand for Cintas' core offerings. Net income rose by 8.7% to $491.1 million, leading to a 9.1% increase in diluted earnings per share to $1.20. The company maintained healthy operating margins, with operating income growing to $617.9 million, representing 22.7% of revenue, up from 22.4% in the prior year. This improvement was driven by increased revenue, more efficient inventory management, and operating leverage. Cintas also continues to actively return capital to shareholders through dividends and share repurchases, although share repurchases were lower in the current quarter compared to the prior year.

8-K

CINTAS CORP 8-K Report, Financial Results (Sep 24, 2025)

Sep 24, 2025

Cintas Corporation (CTAS) filed an 8-K on September 24, 2025, primarily to report its financial results for the fiscal quarter ended August 31, 2025. The press release announcing these results, furnished as an exhibit, is the key piece of information for investors in this filing. While the 8-K itself doesn't contain the detailed financial figures, it directs investors to the press release for comprehensive data on the company's performance during the reported period. Investors should review the press release for specific details on revenue, profitability, earnings per share, and any forward-looking guidance provided by Cintas management. This information will be crucial for assessing the company's operational health, its ability to meet market expectations, and its future growth prospects. The filing serves as a formal notification of the release of this important financial update.

10-K

CINTAS CORP Annual Report, Year Ended May 31, 2025

Jul 28, 2025

Cintas Corporation reported strong revenue growth of 7.7% for the fiscal year ended May 31, 2025, reaching $10.3 billion. This growth was primarily driven by increased sales volume across its Uniform Rental and Facility Services and First Aid and Safety Services segments. The company successfully navigated inflationary pressures and increased operating costs through pricing strategies and efficiency gains, leading to an improvement in gross margins and a 14.7% increase in income before income taxes. Financially, Cintas demonstrated robust operating cash flow generation, with a 4.7% increase year-over-year, supporting investments in capital expenditures and acquisitions. The company also returned significant value to shareholders through dividends and share repurchases. Cintas maintains a strong liquidity position with access to a substantial revolving credit facility and has affirmed effective internal controls over financial reporting. Key risks highlighted include economic downturns, increased competition, supply chain constraints, and cybersecurity threats, though the company has demonstrated resilience in its operations and financial management.

8-K

CINTAS CORP 8-K Report, Financial Results (Jul 17, 2025)

Jul 17, 2025

Cintas Corporation (CTAS) has filed an 8-K report on July 17, 2025, primarily announcing its financial results for the fourth quarter and full fiscal year ended May 31, 2025. This filing includes a press release that details the company's performance during this period, offering key insights into its operational and financial condition. Investors should refer to the furnished press release (Exhibit 99) for a comprehensive understanding of Cintas's recent financial achievements, including revenue, profitability, and any forward-looking statements or guidance provided by management.

8-K

CINTAS CORP 8-K Report, Corporate Update (May 2, 2025)

May 2, 2025

Cintas Corporation (CTAS) filed an 8-K on May 1, 2025, to report on the closing of a $400 million senior notes offering. The notes carry a 4.200% interest rate and mature in 2028. This filing is primarily to provide updated documentation related to this debt issuance, including the underwriting agreement and legal opinions, as an amendment to their existing Form S-3 registration statement. From an investor's perspective, this announcement confirms Cintas's successful access to debt capital markets, indicating a stable financial position and confidence from lenders. The interest rate of 4.200% provides a benchmark for the cost of debt for the company. Investors should note that this 8-K does not contain new financial performance data but rather serves to fulfill regulatory requirements following a significant financing event. Further analysis of the company's financial health would require reviewing their periodic reports (10-Q, 10-K) for operational and financial results.

8-K

CINTAS CORP 8-K Report, Executive Changes (Apr 4, 2025)

Apr 4, 2025

Cintas Corporation (CTAS) has announced a significant executive transition involving its Chief Financial Officer. J. Michael Hansen, the current Executive Vice President & CFO, has notified the company of his intention to retire from this role. He will transition to an Assistant to the Chief Executive Officer position, focusing on facilitating the transition to his successor and contributing to strategic initiatives until May 31, 2025. This change signals a planned leadership evolution within the company's finance function. In connection with Mr. Hansen's retirement, Cintas has appointed Scott Garula as the new Executive Vice President & CFO, effective June 1, 2025. Mr. Garula brings extensive experience within Cintas, having held various leadership roles since joining in 1996, including his most recent position as President of the Rental Division. His compensation package for the CFO role includes a base salary of $650,000, a target annual incentive of 90% of base salary, and a target long-term incentive of $1,500,000, along with one-time equity awards.

10-Q

CINTAS CORP Quarterly Report for Q3 Ended Feb 28, 2025

Apr 3, 2025

Cintas Corporation (CTAS) reported strong financial results for the nine months ended February 28, 2025, demonstrating robust revenue growth and improved profitability. Total revenue for the period increased by 7.7% to $7.67 billion, driven by consistent performance across its Uniform Rental and Facility Services, as well as its First Aid and Safety Services segments. This growth was supported by both new business acquisition and deeper penetration into existing customer relationships, alongside strategic price increases. The company also showcased enhanced operational efficiency, with operating income rising to $1.76 billion, representing a 23.0% margin, up from 21.3% in the prior year's comparable period. This margin expansion was attributed to improvements in gross margins through efficient inventory management and optimized routing, as well as better control over selling and administrative expenses. Net income saw a significant increase of 17.9% to $1.36 billion, translating to diluted earnings per share of $3.31, up 18.6% year-over-year. Cintas also maintained a strong liquidity position, with substantial cash flow from operations, and continued to return value to shareholders through dividends and share repurchases.

8-K

CINTAS CORP 8-K Report, Financial Results (Mar 26, 2025)

Mar 26, 2025

Cintas Corporation (CTAS) filed an 8-K on March 26, 2025, to announce its financial results for the quarter ended February 28, 2025. The report primarily consists of a press release containing these results, furnished as Exhibit 99. Investors should refer to this press release for detailed financial performance, including revenue, earnings, and any forward-looking guidance provided by the company. This filing serves as the official notification of the company's performance during the most recent fiscal quarter.

8-K

CINTAS CORP 8-K Report, Corporate Update (Mar 24, 2025)

Mar 24, 2025

Cintas Corporation (CTAS) announced on March 24, 2025, the termination of acquisition discussions with UniFirst Corporation. This development marks a significant shift for Cintas, as it had previously explored the potential acquisition of UniFirst's outstanding common and class B shares. Investors should note that the termination of these discussions implies that Cintas will not be proceeding with the UniFirst acquisition at this time. The company has not provided specific reasons for the termination, but this event suggests that the strategic or financial terms of the proposed deal were not agreeable to both parties or that Cintas has decided to pursue other strategic avenues. This filing primarily serves as a notification to the market regarding the end of these specific merger and acquisition talks.

10-Q

CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2024

Jan 8, 2025

Cintas Corporation (CTAS) reported strong financial performance for the second quarter of fiscal year 2025, demonstrating robust revenue growth and improved profitability. Total revenue increased by 7.8% to $2.56 billion for the three months ended November 30, 2024, driven by solid organic growth of 7.1% across its key segments, particularly Uniform Rental and Facility Services and First Aid and Safety Services. This top-line growth, combined with effective cost management and operational efficiencies, led to a significant increase in profitability. Net income rose by an impressive 19.7% to $448.5 million, translating to a diluted earnings per share of $1.09, up 21.1% from the prior year. The company also reported an improvement in operating margin to 23.1%, reflecting successful cost control measures and operating leverage. Cintas continues to execute on its growth strategies, including increasing penetration at existing customers and broadening its customer base, supported by strategic acquisitions and consistent capital allocation towards share repurchases and dividends.

8-K

CINTAS CORP 8-K Report, Corporate Update (Jan 7, 2025)

Jan 7, 2025

Cintas Corporation (CTAS) has filed an 8-K report disclosing its proposal to acquire UniFirst Corporation for $275.00 per share in an all-cash transaction. This significant development signals Cintas' strategic intent to expand its market presence through acquisition. The company has publicly shared the correspondence exchanged with UniFirst since November 2024, underscoring the direct nature of these discussions and Cintas' proactive approach. While this filing focuses on the proposal itself, investors should be aware that the transaction is subject to numerous risks, including the possibility of non-consummation, potential impact on Cintas' earnings per share (either accretive or dilutive), significant transaction costs, and challenges in realizing anticipated synergies. Cintas has engaged financial and legal advisors to assist in this process.

8-K

CINTAS CORP 8-K Report, Financial Results (Dec 19, 2024)

Dec 19, 2024

Cintas Corporation (CTAS) has filed an 8-K report on December 19, 2024, primarily to furnish a press release detailing its financial results for the quarter ended November 30, 2024. While the full financial details are contained within the press release, this filing signals a routine update on the company's performance. Investors should refer to the furnished press release for specific figures related to revenue, earnings, and any forward-looking guidance provided by the company. The event date for this announcement was December 18, 2024. This 8-K filing serves as the official notification to the market regarding Cintas's recent financial performance. The key takeaway for investors is to access the accompanying press release (Exhibit 99) for a comprehensive understanding of the quarter's results and any management commentary or outlook that may influence future investment decisions. The filing itself is standard for reporting earnings announcements.

8-K

CINTAS CORP 8-K Report, Executive Changes (Nov 1, 2024)

Nov 1, 2024

Cintas Corporation filed an 8-K report detailing outcomes from its 2024 Annual Meeting of Shareholders held on October 29, 2024. The most significant event for investors is the shareholder approval of the Cintas Corporation 2016 Amended and Restated Equity and Incentive Compensation Plan. While this plan does not increase the total number of authorized shares, it extends the expiration date from October 2026 to October 2034, indicating continued long-term equity-based incentive alignment for management. Furthermore, the report confirms the re-election of all incumbent directors with substantial support, the advisory approval of named executive officer compensation, and the ratification of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2025. Importantly, shareholders voted against three shareholder proposals concerning diversity and inclusion metrics, climate risk management, and political disclosure, suggesting management's current approach to these matters is aligned with a majority of voting shareholders.

10-Q

CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2024

Oct 4, 2024

Cintas Corporation reported strong financial results for the first quarter of fiscal year 2025, ending August 31, 2024. Total revenue increased by 6.8% to $2.50 billion, with organic revenue growth at a robust 8.0%, demonstrating the company's ability to expand its market reach and penetrate existing customer relationships. The Uniform Rental and Facility Services segment, the company's largest, saw a 5.9% revenue increase, while the First Aid and Safety Services segment experienced even stronger growth at 12.2%. Net income rose significantly by 17.4% to $452.0 million, translating to a diluted earnings per share (EPS) of $1.10, an increase of 18.3% from the prior year. This improved profitability was driven by operating leverage from revenue growth, efficiency gains in operational costs, and favorable sourcing and productivity initiatives. The company also demonstrated strong operating cash flow generation, providing ample liquidity. Cintas continued its commitment to shareholder returns through consistent dividend payments and active share repurchase programs, reflecting confidence in its ongoing business strategy and financial health.

8-K

CINTAS CORP 8-K Report, Financial Results (Sep 25, 2024)

Sep 25, 2024

Cintas Corporation (CTAS) filed an 8-K on September 25, 2024, to report its financial results for the quarter ended August 31, 2024. The filing primarily incorporates by reference a press release that provides these details. Investors should refer to the furnished press release (Exhibit 99) for specific financial performance metrics, including revenue, profitability, and any forward-looking guidance. While the 8-K itself is brief, the attached press release is critical for understanding Cintas's recent operational performance and its outlook. The market will be closely watching these results to assess the company's ability to navigate the current economic environment and continue its growth trajectory in its uniform rental and facility services segments. Investors should pay close attention to any commentary on customer demand, cost management, and segment-specific performance within the earnings release.

8-K

CINTAS CORP 8-K Report, Bylaw Amendment (Sep 12, 2024)

Sep 12, 2024

Cintas Corporation (CTAS) announced and completed a four-for-one forward stock split of its common stock, effective September 11, 2024. This corporate action, approved by the Board of Directors, will significantly increase the number of outstanding shares from approximately 100.8 million to 403.3 million. Concurrently, the authorized number of common shares has been expanded from 425 million to 1.7 billion. The stock split does not alter the par value per share and will not result in the issuance of fractional shares.

10-K

CINTAS CORP Annual Report, Year Ended May 31, 2024

Jul 25, 2024

Cintas Corporation (CTAS) has reported strong performance in its 2024 fiscal year, characterized by robust revenue growth and increased profitability. The company continues to benefit from its diversified business model, with both its Uniform Rental and Facility Services segment and its First Aid and Safety Services segment demonstrating significant top-line expansion. This growth is attributed to increased sales volume, effective pricing strategies, and successful penetration of new and existing customers. The company's operational efficiency is also evident, with improvements in gross margins driven by energy efficiency gains, optimized inventory management, and better leverage of fixed costs. Financially, Cintas has maintained a strong liquidity position, evidenced by substantial cash flow from operations. The company actively returned capital to shareholders through dividends and share repurchases, while also strategically reinvesting in the business through capital expenditures and acquisitions to fuel future growth. Cintas' solid financial footing and consistent operational execution position it well for continued success, despite the inherent risks associated with economic fluctuations, competition, and supply chain dynamics.

8-K

CINTAS CORP 8-K Report, Executive Changes (Jul 23, 2024)

Jul 23, 2024

Cintas Corporation (CTAS) has filed an 8-K report on July 23, 2024, announcing that two of its directors, John Barrett and Gerald Adolph, have decided not to stand for re-election at the upcoming 2024 annual shareholder meeting. Both directors will continue to serve in their current capacities until the annual meeting concludes. This announcement is significant as it marks a transition in the board composition. Importantly, the filing explicitly states that these decisions are not due to any disagreements with the company's operations, policies, or procedures, which should provide reassurance to investors regarding the stability of the company's governance and management. Investors should monitor future filings for updates on board appointments and the strategic direction influenced by any changes in board membership.

8-K

CINTAS CORP 8-K Report, Financial Results (Jul 18, 2024)

Jul 18, 2024

Cintas Corporation (CTAS) filed an 8-K on July 17, 2024, to furnish a press release announcing its financial results for the fiscal quarter ended May 31, 2024. While the 8-K itself does not contain the detailed financial data, it directs investors to the press release (Exhibit 99) for this information. Investors should review the furnished press release for specifics on revenue, profitability, and any forward-looking guidance provided by the company. This filing serves as a notification that Cintas has officially released its quarterly earnings. The key takeaways for investors will be within the content of the press release, which typically details the company's performance against expectations, commentary from management on business drivers, and outlook for the upcoming periods. It's crucial for investors to access and analyze the press release to understand the financial health and strategic direction of Cintas.

8-K

CINTAS CORP 8-K Report, Bylaw Amendment (Apr 11, 2024)

Apr 11, 2024

Cintas Corporation (CTAS) has filed an 8-K report detailing amendments to its Amended and Restated By-Laws, effective April 9, 2024. These changes are primarily aimed at clarifying and implementing procedural and disclosure requirements for shareholder nominations of directors, particularly in response to the Securities and Exchange Commission's (SEC) universal proxy rules (Rule 14a-19). The amendments standardize how shareholders must present director nominations, requiring more detailed disclosures about the nominating shareholder, the nominees, and their affiliates. They also establish specific conditions for compliance with Rule 14a-19, including representations about proxy solicitation intent and evidence of meeting the rule's requirements. Failure to comply with these updated by-laws will result in the company disregarding proxies and votes for non-compliant nominees. Furthermore, the by-laws now specify requirements for proxy card colors and clarify procedures for meeting adjournments and the conduct of shareholder meetings.

8-K

CINTAS CORP 8-K/A Report, Executive Changes (Apr 9, 2024)

Apr 9, 2024

This 8-K/A filing from Cintas Corporation (CTAS) serves as an amendment to a previous filing on January 25, 2024. The primary purpose of this amendment is to provide an update on committee assignments for a newly appointed director, Beverly K. Carmichael. Ms. Carmichael was initially appointed to the Board of Directors on January 25, 2024. This filing confirms her subsequent appointment to both the Nominating and Corporate Governance Committee and the Compensation Committee, effective April 9, 2024.

10-Q

CINTAS CORP Quarterly Report for Q3 Ended Feb 29, 2024

Apr 5, 2024

Cintas Corporation reported a strong third quarter for fiscal year 2024, demonstrating robust revenue growth and significant increases in net income and earnings per share. Total revenue rose by 9.9% year-over-year to $2.41 billion, with organic revenue growth of 7.7%, indicating healthy underlying business expansion. The Uniform Rental and Facility Services segment, the company's largest, saw revenue increase by 9.4%, driven by new business, increased penetration at existing customers, and pricing adjustments. The company's profitability also saw substantial improvement. Operating income grew by 16.5% to $520.8 million, with operating margin expanding to 21.6% from 20.4% in the prior year period. This margin expansion was attributed to operating leverage from revenue growth, efficiency gains, and productivity initiatives, despite a slight increase in selling and administrative expenses. Diluted earnings per share increased by 22.3% to $3.84, reflecting the strong top-line growth and enhanced profitability. Cintas also generated substantial operating cash flow, increasing by 33% year-over-year to $1.39 billion for the nine-month period. This strong cash generation, coupled with a solid balance sheet and access to a revolving credit facility, positions the company well for continued investments in growth, strategic acquisitions, and returning capital to shareholders through dividends and share repurchases. The company reaffirmed its positive outlook, driven by its diversified business model and consistent execution.

8-K

CINTAS CORP 8-K Report, Financial Results (Mar 27, 2024)

Mar 27, 2024

Cintas Corporation filed an 8-K on March 27, 2024, primarily to announce its financial results for the third quarter ended February 29, 2024. This filing serves as the official notification to investors regarding the company's performance, with detailed results presented in an accompanying press release furnished as an exhibit. Investors should refer to this press release for the specific financial metrics, including revenue, earnings, and any forward-looking guidance provided by the company. The significance of this 8-K lies in its role as a direct communication channel for Cintas's latest financial performance. While the 8-K itself is brief, it directs stakeholders to the comprehensive financial data within the press release. This allows for a timely understanding of the company's operational health and its trajectory, which are crucial for making informed investment decisions.

8-K

CINTAS CORP 8-K Report, Executive Changes (Jan 25, 2024)

Jan 25, 2024

Cintas Corporation (CTAS) announced a significant change to its Board of Directors with the appointment of Beverly K. Carmichael as a new director, effective January 25, 2024. This expansion increases the Board's size to eleven members. Ms. Carmichael brings extensive experience in human resources, people, and culture leadership from her previous roles at prominent companies like Red Robin Gourmet Burgers, Inc. and Cracker Barrel Old Country Store, Inc. Her appointment is intended to enhance the Board's expertise and oversight capabilities.

8-K

CINTAS CORP 8-K/A Report, Shareholder Vote Results (Jan 17, 2024)

Jan 17, 2024

This 8-K/A filing from Cintas Corporation (CTAS) serves as an amendment to a previous filing, primarily clarifying the outcome of a shareholder vote on the frequency of executive compensation advisory votes. The amendment confirms that shareholders voted in favor of holding "say-on-pay" votes annually. This aligns with the Board of Directors' recommendation and means the company will continue this practice until a future decision is made to alter the voting frequency. For investors, this provides clarity on corporate governance practices and reinforces shareholder input on executive compensation.

10-Q

CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2023

Jan 8, 2024

Cintas Corporation reported strong performance for the six months and three months ended November 30, 2023, demonstrating consistent growth across its key operating segments. Total revenue saw a significant increase, driven by robust organic growth in both Uniform Rental and Facility Services and First Aid and Safety Services. The company effectively managed its costs, leading to improved operating income and net income. Diluted earnings per share also showed a healthy increase, reflecting the strong operational performance. Financially, Cintas maintained a solid liquidity position with substantial cash flow from operations, supporting its capital expenditures, dividend payments, and share repurchase programs. The company's strategic investments in sales resources and infrastructure are contributing to its growth trajectory. Cintas remains confident in its ability to meet its financial obligations and pursue strategic objectives, including acquisitions and shareholder returns.

8-K

CINTAS CORP 8-K Report, Financial Results (Dec 21, 2023)

Dec 21, 2023

Cintas Corporation (CTAS) has filed an 8-K report on December 21, 2023, to announce its financial results for the quarter ended November 30, 2023. This filing primarily serves to furnish a press release containing these results. While the 8-K itself does not detail the financial figures, it directs investors to the press release (Exhibit 99) for comprehensive information regarding the company's operational and financial performance during the second quarter of fiscal year 2024.

8-K

CINTAS CORP 8-K Report, Shareholder Vote Results (Oct 26, 2023)

Oct 26, 2023

Cintas Corporation (CTAS) filed an 8-K on October 26, 2023, detailing the results of its Annual Meeting of Shareholders held on October 24, 2023. The primary focus of this filing is the outcome of shareholder votes on key governance matters. Notably, all director nominees were elected with overwhelming support, and shareholders approved an advisory resolution on executive compensation. The company's selection of Ernst & Young LLP as its independent registered public accounting firm for fiscal year 2024 was also ratified by a significant majority. However, two shareholder proposals regarding diversity, equity, and inclusion (DEI) data disclosure and climate risk management were not approved by the majority of shareholders. The advisory vote on the frequency of executive compensation votes overwhelmingly favored an annual vote. This filing provides important transparency on shareholder sentiment regarding corporate governance and executive pay, while also indicating a divergence of opinion on specific ESG-related proposals.

10-Q

CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2023

Oct 5, 2023

Cintas Corporation (CTAS) reported strong financial performance for the first quarter of fiscal year 2024, which ended August 31, 2023. Total revenue increased by 8.1% year-over-year to $2.34 billion, with organic revenue growth also at 8.1%. This growth was driven by solid performance across its key segments, particularly Uniform Rental and Facility Services, which saw a 7.6% increase in revenue, and First Aid and Safety Services, which experienced an impressive 11.3% revenue growth. The company demonstrated improved profitability, with operating income rising to $500.6 million (21.4% of revenue) from $440.1 million (20.3% of revenue) in the prior year's comparable quarter. Net income grew by 9.5% to $385.1 million, translating to diluted earnings per share of $3.70, a 9.1% increase from the prior year. Cintas also generated robust operating cash flow, allowing for continued investment in capital expenditures and strategic initiatives, alongside returning capital to shareholders through dividends and share repurchases.

8-K

CINTAS CORP 8-K Report, Financial Results (Sep 26, 2023)

Sep 26, 2023

Cintas Corporation (CTAS) has filed a Form 8-K on September 26, 2023, to report its financial results for the first quarter ended August 31, 2023. The key information is contained within the press release furnished as Exhibit 99 to the filing, which provides details on the company's performance during the period. Investors should review this press release for specific financial metrics and management commentary regarding the company's operational and financial condition. While the 8-K itself is a brief filing, it serves as the official notification and gateway to the detailed earnings announcement. The press release will likely cover revenue growth, profitability, earnings per share, and potentially guidance for future periods. This information is crucial for investors to assess Cintas's ongoing business momentum and its prospects in the uniform rental and facility services industry.

10-K

CINTAS CORP Annual Report, Year Ended May 31, 2023

Jul 27, 2023

Cintas Corporation's 2023 Form 10-K highlights a strong fiscal year characterized by robust revenue growth and consistent profitability. The company reported a 12.2% increase in total revenue, reaching $8.8 billion, primarily driven by organic growth across its key segments: Uniform Rental and Facility Services, and First Aid and Safety Services. This growth was fueled by expanding its customer base, increasing penetration with existing clients, and strategic price adjustments. The Uniform Rental and Facility Services segment remains the largest contributor, showing a 10.8% revenue increase, while the First Aid and Safety Services segment demonstrated impressive growth of 14.3%. Financially, Cintas maintained healthy operating income and net income growth, translating to diluted earnings per share of $12.99, an 11.5% increase year-over-year. The company also returned significant value to shareholders through dividends and share repurchases, underscoring its financial strength and commitment to shareholder returns. Cintas' operational efficiency, evidenced by improved gross margins and effective cost management, positions it well to navigate economic uncertainties and continue its growth trajectory.

8-K

CINTAS CORP 8-K Report, Financial Results (Jul 13, 2023)

Jul 13, 2023

Cintas Corporation (CTAS) filed an 8-K on July 13, 2023, primarily announcing its financial results for the fourth quarter and full fiscal year ended May 31, 2023. The press release, furnished as an exhibit, is the key source of information regarding the company's performance during this period. Investors should refer to this press release for detailed financial metrics and management's commentary on operational achievements and outlook.

8-K

CINTAS CORP 8-K Report, Executive Changes (Apr 11, 2023)

Apr 11, 2023

Cintas Corporation (CTAS) announced a change to its Board of Directors, appointing Martin Mucci as a new director effective April 12, 2023. This expansion increases the Board size to ten members. Mr. Mucci brings extensive experience in human capital management, having served as Chairman and former CEO of Paychex, Inc., a prominent player in the industry. His background also includes significant leadership roles at Frontier Communications. Investors should note that Mr. Mucci's appointment is not tied to any specific arrangement or understanding with other parties, suggesting a decision based on his individual qualifications and expertise.

8-K

CINTAS CORP 8-K Report, Executive Changes (Apr 6, 2023)

Apr 6, 2023

Cintas Corporation (CTAS) has filed an 8-K report detailing a significant executive transition. Michael L. Thompson, Executive Vice President and Chief Administration Officer, has announced his retirement, effective no later than August 31, 2023, and will step down as an executive officer on May 31, 2023. This marks the end of a notable tenure for Mr. Thompson. Concurrently, the company has appointed Jim Rozakis as the new Executive Vice President and Chief Operating Officer, effective June 1, 2023. Mr. Rozakis brings extensive experience within Cintas, having most recently served as President and Chief Operating Officer of the Rental Division since June 2020. His long history with the company, dating back to 1999, and his leadership in a key division position him well for this expanded role.

10-Q

CINTAS CORP Quarterly Report for Q3 Ended Feb 28, 2023

Apr 6, 2023

Cintas Corporation (CTAS) reported robust financial performance for the nine months ended February 28, 2023, demonstrating continued growth and operational efficiency. Total revenue increased by 13.0% to $6.53 billion, driven by strong organic growth of 12.8%, with the Uniform Rental and Facility Services segment leading the way. Net income saw a healthy increase of 6.4% to $1.00 billion, translating to a diluted EPS of $9.65. The company's operational improvements are evident in the expansion of gross margins across its key segments, particularly in First Aid and Safety Services, due to favorable sales mix and fixed cost leverage. Cintas continues to focus on strategic growth initiatives, including increasing penetration at existing customers and broadening its customer base, supported by investments in sales representatives and strategic acquisitions. Despite rising interest rates impacting net interest expense, the company maintained strong operating income margins and generated substantial cash flow from operations, amounting to $1.04 billion for the nine-month period. The company also actively returned capital to shareholders through dividends and share repurchases, underscoring its commitment to shareholder value while maintaining a solid liquidity position and compliance with debt covenants.

8-K

CINTAS CORP 8-K Report, Financial Results (Mar 29, 2023)

Mar 29, 2023

Cintas Corporation (CTAS) filed an 8-K on March 29, 2023, primarily to announce its financial results for the third quarter of fiscal year 2023, ending February 28, 2023. The press release, furnished as an exhibit, contains the key financial and operational details for the period. Investors should refer to this press release for specific figures regarding revenue, earnings, and any forward-looking guidance provided by the company. This filing serves as the official public disclosure of the company's performance during the most recent fiscal quarter.

10-Q

CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2022

Jan 6, 2023

Cintas Corporation (CTAS) reported strong financial performance for the fiscal second quarter ended November 30, 2022. Total revenue increased by 13.1% year-over-year to $2.17 billion, driven by robust organic growth of 12.8%, indicating the company's ability to expand its customer base and penetrate existing accounts effectively. Both major segments, Uniform Rental and Facility Services and First Aid and Safety Services, demonstrated significant revenue growth. Net income rose by 10.1% to $324.3 million, translating to a diluted EPS of $3.12, a 13.0% increase compared to the prior year's quarter. This growth was supported by improved operating margins, efficient cost management, and a reduction in diluted weighted average common shares outstanding due to ongoing share repurchases. The company also highlighted strong operating cash flow and reaffirmed its liquidity position, signaling continued financial health and capacity for strategic investments and shareholder returns.

8-K

CINTAS CORP 8-K Report, Financial Results (Dec 21, 2022)

Dec 21, 2022

Cintas Corporation (CTAS) filed an 8-K on December 21, 2022, primarily to furnish a press release detailing its financial results for the second quarter of fiscal year 2023, ended November 30, 2022. Investors should note that this filing serves as the official announcement of these results, providing key performance metrics and financial condition updates. The press release, furnished as Exhibit 99, is the core of this report and contains the detailed financial information investors would typically look for to assess the company's performance during the period.

8-K

CINTAS CORP 8-K Report, Shareholder Vote Results (Oct 27, 2022)

Oct 27, 2022

Cintas Corporation (CTAS) filed an 8-K report detailing the outcomes of its Annual Meeting of Shareholders held on October 25, 2022. The report primarily outlines shareholder voting results on various proposals. Key outcomes include the overwhelming re-election of all nominated directors and the approval of the company's independent auditor, Ernst & Young LLP, for fiscal year 2023. Additionally, shareholders approved an advisory resolution on executive compensation, a positive signal regarding the company's pay practices. However, the filing also indicates that shareholders did not approve several proposed amendments to the company's Articles of Incorporation aimed at eliminating supermajority voting requirements for certain business combinations, director removal for cause, and major transactions like mergers and asset sales. Furthermore, two shareholder proposals, one concerning special meeting improvements and another regarding political contributions, did not receive majority support. These voting results provide insight into shareholder sentiment on corporate governance and strategic proposals.

10-Q

CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2022

Oct 6, 2022

Cintas Corporation (CTAS) reported strong financial results for the first quarter of fiscal year 2023, ending August 31, 2022. Total revenue increased by 14.2% year-over-year to $2,166.5 million, with organic growth of 13.9%. This growth was driven by both the Uniform Rental and Facility Services segment, which saw a 12.6% increase in revenue, and the 'Other' revenue categories (including First Aid and Safety Services), which grew by 20.6%. Net income also saw a healthy increase of 6.2% to $351.7 million, translating to a 9.0% rise in diluted earnings per share to $3.39. The company demonstrated effective cost management, with Cost of other improving as a percentage of revenue, and selling and administrative expenses as a percentage of revenue showing improvement excluding a prior-year gain on asset sale. While the gross margin for Uniform Rental and Facility Services saw a slight decrease, primarily due to increased energy and labor costs, overall operational efficiencies and strong revenue growth contributed to a robust net income. Cintas continues to execute its strategy of increasing penetration at existing customers and broadening its customer base, supported by ongoing investments in its sales force and operational capabilities.

8-K

CINTAS CORP 8-K Report, Financial Results (Sep 28, 2022)

Sep 28, 2022

Cintas Corporation (CTAS) filed an 8-K on September 28, 2022, to announce its financial results for the quarter ended August 31, 2022. The press release, furnished as Exhibit 99, provides key performance indicators and financial condition details for the period. Investors should refer to this press release for the specific figures and commentary on the company's performance during the first fiscal quarter of 2023. While the 8-K itself does not contain the detailed financial data, it officially incorporates the press release by reference. This means the press release is the primary source of information for investors seeking to understand Cintas's operational and financial standing as of August 31, 2022. Key metrics and strategic updates would be found within that document, offering insights into revenue growth, profitability, and any forward-looking statements the company may have made.

10-K

CINTAS CORP Annual Report, Year Ended May 31, 2022

Jul 27, 2022

Cintas Corporation (CTAS) demonstrated robust performance in its fiscal year ended May 31, 2022, with total revenue reaching $7.85 billion, a significant increase of 10.4% from the prior year. This growth was primarily driven by the Uniform Rental and Facility Services segment, which saw a 9.4% revenue increase, and the First Aid and Safety Services segment, which grew by 6.1%. The company successfully navigated the lingering effects of the COVID-19 pandemic, reporting a positive impact from the lifting of restrictions which contributed to increased sales volume and customer engagement. Financially, Cintas maintained a strong position, with net income from continuing operations increasing by 11.2% to $1.24 billion. Diluted earnings per share also saw a healthy rise of 13.8%. The company actively returned capital to shareholders through dividends and a significant share repurchase program, underscoring its commitment to shareholder value. Cintas continues to focus on expanding its customer base, increasing penetration at existing customers, and exploring strategic acquisitions to fuel future growth.

8-K

CINTAS CORP 8-K Report, Financial Results (Jul 14, 2022)

Jul 14, 2022

Cintas Corporation (CTAS) filed an 8-K on July 14, 2022, to announce its financial results for the fiscal quarter ended May 31, 2022. The filing incorporates by reference a press release issued on July 14, 2022, which details the company's performance during the period. While the 8-K itself does not contain the detailed financial figures, it directs investors to the furnished press release for information on Cintas's results of operations and financial condition. This includes key performance indicators, revenue, profitability, and any significant financial events or trends for the fourth quarter of their fiscal year 2022.

8-K

CINTAS CORP 8-K Report, Corporate Update (May 3, 2022)

May 3, 2022

Cintas Corporation (CTAS) filed an 8-K on May 3, 2022, primarily to disclose the completion of a significant debt offering. The company, through its subsidiary Cintas Corporation No. 2, successfully issued $400 million in 3.450% Senior Notes due 2025 and $800 million in 4.000% Senior Notes due 2032, totaling $1.2 billion in aggregate principal amount. This filing includes the underwriting agreement and related legal opinions and certificates that govern these new senior notes. This debt issuance suggests Cintas is actively managing its capital structure, potentially to fund ongoing operations, strategic initiatives, or refinance existing debt. Investors should note the terms of these notes, including their interest rates and maturity dates, as they represent a substantial increase in Cintas's long-term debt obligations. The filing provides transparency into the legal framework and participants involved in this financing activity, which is crucial for assessing the company's financial leverage and future financial flexibility.

10-Q

CINTAS CORP Quarterly Report for Q3 Ended Feb 28, 2022

Apr 7, 2022

Cintas Corporation (CTAS) reported strong performance in its third quarter fiscal year 2022, ending February 28, 2022. Total revenue saw a significant increase of 10.3% year-over-year to $1.96 billion, driven by a robust 10.0% organic growth rate. This growth was primarily fueled by the Uniform Rental and Facility Services segment, which experienced a 9.6% revenue increase, and the First Aid and Safety Services segment and other businesses, which collectively saw a 13.4% rise in revenue. Net income for the quarter grew by 22.1% to $315.4 million, translating to a 25.3% increase in diluted earnings per share to $2.97. This impressive earnings growth was supported by improved operating margins and strategic share repurchases, which reduced the diluted weighted average common shares outstanding. The company's financial health remains strong, with a solid increase in operating income and a positive outlook, despite ongoing economic uncertainties.

8-K

CINTAS CORP 8-K Report, Material Agreement (Mar 23, 2022)

Mar 23, 2022

Cintas Corporation (CTAS) announced the execution of a Third Amended and Restated Credit Agreement on March 23, 2022, establishing a new $2,000 million revolving credit facility. This facility replaces prior credit arrangements and features a letter of credit sub-facility of up to $300 million and a swing line sub-facility of up to $150 million. The new credit facility matures on March 23, 2027, providing the company with significant financial flexibility and access to capital for at least the next five years. The agreement includes provisions for increasing commitments or adding new term loan facilities, subject to certain conditions, up to an additional $500 million. The interest rate structure is tied to SOFR or a Base Rate, with applicable margins. The credit agreement also imposes customary covenants on Cintas No. 2, the Corporation, and its guarantors, including limitations on liens, asset sales, and affiliate transactions, along with key financial covenants such as leverage and interest coverage ratios. The company also furnished a press release detailing its financial results for the quarter ended February 28, 2022.