Board Change • May 15
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Beverly Carmichael was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 11
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 15 May 2026. Payment date: 15 June 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Austrian dividend payers (3.8%). Lower than average of industry peers (2.7%). Board Change • May 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Beverly Carmichael was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Apr 17
Third quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 15th May 2026 Payment date: 15th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 15
Cintas Corporation Announces Quarterly Cash Dividend, Payable on June 15, 2026 Cintas Corporation announced that the Company’s Board of Directors approved a quarterly cash dividend of $0.45 per share of common stock payable on June 15, 2026, to shareholders of record at the close of business on May 15, 2026. 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. Reported Earnings • Mar 27
Third quarter 2026 earnings released: EPS: US$1.26 (vs US$1.14 in 3Q 2025) Third quarter 2026 results: EPS: US$1.26 (up from US$1.14 in 3Q 2025). Revenue: US$2.84b (up 8.9% from 3Q 2025). Net income: US$502.5m (up 8.8% from 3Q 2025). Profit margin: 18% (in line with 3Q 2025). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Announcement • Mar 25
Cintas Corporation Raises Earnings Guidance for the Fiscal Year 2026 Cintas Corporation raised earnings guidance for the fiscal year 2026. For the period, the company expects annual revenue expectations to a range of $11.21 billion to $11.24 billion. Announcement • Mar 11
Cintas Corporation to Report Q3, 2026 Results on Mar 25, 2026 Cintas Corporation announced that they will report Q3, 2026 results on Mar 25, 2026 Upcoming Dividend • Feb 08
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 13 February 2026. Payment date: 13 March 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Austrian dividend payers (4.2%). Lower than average of industry peers (2.7%). Declared Dividend • Jan 24
Second quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 13th February 2026 Payment date: 13th March 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 36%. Cash payout ratio: 40%. Announcement • Jan 21
Cintas Corporation Announces Quarterly Cash Dividend, Payable on March 13, 2026 Cintas Corporation announced that the Company’s Board of Directors approved a quarterly cash dividend of $0.45 per share of common stock payable on March 13, 2026, to shareholders
of record at the close of business on February 13, 2026. 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. Reported Earnings • Jan 09
Second quarter 2026 earnings released: EPS: US$1.23 (vs US$1.11 in 2Q 2025) Second quarter 2026 results: EPS: US$1.23 (up from US$1.11 in 2Q 2025). Revenue: US$2.80b (up 9.3% from 2Q 2025). Net income: US$493.7m (up 11% from 2Q 2025). Profit margin: 18% (in line with 2Q 2025). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year. Announcement • Dec 22
Cintas Corporation (NasdaqGS:CTAS) proposed to acquire UniFirst Corporation (NYSE:UNF) for approximately $5 billion. Cintas Corporation (NasdaqGS:CTAS) proposed to acquire UniFirst Corporation (NYSE:UNF) for approximately $5 billion on December 16, 2025. The consideration will consist of $275.00 per share in cash. The cash consideration would be financed from Cintas cash on hand, committed lines of credit and/or other available sources of financing. $350 million reverse termination fee will be payable by Cintas to UniFirst if the merger is blocked on antitrust grounds.
The proposed transaction would not be subject to any financing contingencies or approval by Cintas’ shareholders. Cintas' Board of Directors supports the proposed transaction. Completion of the contemplated transaction is contingent upon reaching a definitive agreement, antitrust approval, due diligence and would be subject to the satisfaction of customary closing conditions, including receipt of UniFirst shareholder approval.
Davis Polk & Wardwell LLP is serving as Cintas’ legal advisor and FGS Global is serving as its strategic communications advisor. Reported Earnings • Dec 19
Second quarter 2026 earnings released: EPS: US$1.23 (vs US$1.11 in 2Q 2025) Second quarter 2026 results: EPS: US$1.23 (up from US$1.11 in 2Q 2025). Revenue: US$2.80b (up 9.3% from 2Q 2025). Net income: US$495.3m (up 11% from 2Q 2025). Profit margin: 18% (in line with 2Q 2025). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Announcement • Dec 18
Cintas Corporation Raises Earnings Guidance for the Fiscal Year 2026 Cintas Corporation raised earnings guidance for the fiscal year 2026. For the period, the company expects annual revenue expectations from a range of $11.06 billion to $11.18 billion to a range of $11.15 billion to $11.22 billion and raising diluted EPS guidance from a range of $4.74 to $4.86 to a range of $4.81 to $4.88. Announcement • Dec 05
Cintas Corporation to Report Q2, 2026 Results on Dec 18, 2025 Cintas Corporation announced that they will report Q2, 2026 results on Dec 18, 2025 Declared Dividend • Nov 03
First quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 14th November 2025 Payment date: 15th December 2025 Dividend yield will be 1.0%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 35%. Cash payout ratio: 42%. Announcement • Oct 30
Cintas Corporation (NasdaqGS:CTAS) announces an Equity Buyback for $1,000 million worth of its shares. Cintas Corporation (NasdaqGS:CTAS) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its shares. Announcement • Oct 29
Cintas Corporation Approves Quarterly Cash Dividend, Payable on December 15, 2025 Cintas Corporation announced that the Board of Directors approved a quarterly cash dividend of $0.45 per share of common stock payable on December 15, 2025, to shareholders of record at the close of business on November 14, 2025. Buy Or Sell Opportunity • Oct 21
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to €165. The fair value is estimated to be €136, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 8.8% per annum over the same time period. Reported Earnings • Sep 25
First quarter 2026 earnings released: EPS: US$1.22 (vs US$1.12 in 1Q 2025) First quarter 2026 results: EPS: US$1.22 (up from US$1.12 in 1Q 2025). Revenue: US$2.72b (up 8.7% from 1Q 2025). Net income: US$491.1m (up 9.1% from 1Q 2025). Profit margin: 18% (in line with 1Q 2025). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 20% per year. Announcement • Sep 24
Cintas Corporation Raises Earnings Guidance for the Fiscal Year 2026 Cintas Corporation raised earnings guidance for the fiscal year 2026. For the period, the company expects annual revenue expectations from a range of $11.00 billion to $11.15 billion to a range of $11.06 billion to $11.18 billion and raising diluted EPS guidance from a range of $4.71 to $4.85 to a range of $4.74 to $4.86. Announcement • Sep 17
Cintas Corporation, Annual General Meeting, Oct 28, 2025 Cintas Corporation, Annual General Meeting, Oct 28, 2025. Announcement • Sep 11
Cintas Corporation to Report Q1, 2026 Results on Sep 24, 2025 Cintas Corporation announced that they will report Q1, 2026 results at 12:30 PM, US Eastern Standard Time on Sep 24, 2025 Announcement • Jul 30
Cintas Corporation Increases Quarterly Quarterly Cash Dividend, Payable on September 15, 2025 Cintas Corporation 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. Reported Earnings • Jul 18
Full year 2025 earnings released: EPS: US$4.49 (vs US$3.85 in FY 2024) Full year 2025 results: EPS: US$4.49 (up from US$3.85 in FY 2024). Revenue: US$10.3b (up 7.7% from FY 2024). Net income: US$1.81b (up 16% from FY 2024). Profit margin: 18% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.3% to €189. The fair value is estimated to be €157, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Announcement • Jul 17
Cintas Corporation Provides Earnings Guidance for the Fiscal Year 2026 Cintas Corporation provided earnings guidance for the fiscal year 2026. For the period, the company's 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. Announcement • Jul 03
Cintas Corporation to Report Q4, 2025 Results on Jul 17, 2025 Cintas Corporation announced that they will report Q4, 2025 results on Jul 17, 2025 Declared Dividend • May 08
Third quarter dividend of US$0.39 announced Shareholders will receive a dividend of US$0.39. Ex-date: 15th May 2025 Payment date: 13th June 2025 Dividend yield will be 1.3%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 34%. Cash payout ratio: 34%. Declared Dividend • Apr 11
Third quarter dividend of US$0.39 announced Shareholders will receive a dividend of US$0.39. Ex-date: 15th May 2025 Payment date: 13th June 2025 Dividend yield will be 1.4%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 34%. Cash payout ratio: 34%. Announcement • Apr 09
Cintas Corporation Approves Quarterly Cash Dividend, Payable on June 13, 2025 Cintas Corporation announced that the Company’s Board of Directors approved a quarterly cash dividend of $0.39 per share of common stock payable on June 13, 2025, to shareholders of record at the close of business on May 15, 2025. Cintas has a strong record of returning capital to its shareholders and has consistently raised its dividend each year since Cintas’ initial public offering 41 years ago in 1983. Buy Or Sell Opportunity • Apr 08
Now 22% overvalued Over the last 90 days, the stock has fallen 3.7% to €178. The fair value is estimated to be €146, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 8.4% per annum over the same time period. Announcement • Apr 06
Cintas Corporation Announces CFO Changes Cintas Corporation announced that Mike Hansen will retire from his role as Executive Vice President & Chief Financial Officer (CFO) and transition to a new role as Assistant to the CEO, effective May 31, 2025. In this capacity, Hansen will support the transition to his successor and contribute to certain strategic initiatives and special projects. Scott Garula, currently President of Cintas' Rental Division, will succeed Hansen as Executive Vice President & CFO. Garula joined Cintas in 1996 as an accountant and has held various leadership positions within the company, including key roles within the Finance team and was President of First Aid & Safety and Fire Protection before becoming President of the Rental Division. Garula's deep understanding of Cintas' business and his strong track record in financial management and operational leadership make him well-suited to serve as the Company’s next CFO. Announcement • Apr 05
Cintas Corporation Announces Executive Changes Cintas Corporation announced that Mike Hansen will retire from his role as Executive Vice President & Chief Financial Officer (CFO) and transition to a new role as Assistant to the CEO, effective May 31, 2025. In this capacity, Hansen will support the transition to his successor and contribute to certain strategic initiatives and special projects. Scott Garula, currently President of Cintas' Rental Division, will succeed Hansen as Executive Vice President & CFO. Garula joined Cintas in 1996 as an accountant and has held various leadership positions within the company, including key roles within the Finance team and was President of First Aid & Safety and Fire Protection before becoming President of the Rental Division. Garula's deep understanding of Cintas' business and his strong track record in financial management and operational leadership make him well-suited to serve as the Company’s next CFO. Announcement • Mar 27
Cintas Corporation Raises Earnings Guidance for the Fiscal Year 2025 Cintas Corporation raised earnings guidance for the fiscal year 2025. For the period, the company expects total revenue to be in the range of $10.280 billion to $10.305 billion compared to previous range of $10.255 billion to $10.320 billion. The company expects diluted EPS to be in the range of $4.36 to $4.40 compared to previous guidance of $4.28 to $4.34. Reported Earnings • Mar 26
Third quarter 2025 earnings released: EPS: US$1.15 (vs US$0.98 in 3Q 2024) Third quarter 2025 results: EPS: US$1.15 (up from US$0.98 in 3Q 2024). Revenue: US$2.61b (up 8.4% from 3Q 2024). Net income: US$463.5m (up 17% from 3Q 2024). Profit margin: 18% (up from 17% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 12
Cintas Corporation to Report Q3, 2025 Results on Mar 26, 2025 Cintas Corporation announced that they will report Q3, 2025 results on Mar 26, 2025 Declared Dividend • Feb 12
Second quarter dividend of US$0.39 announced Shareholders will receive a dividend of US$0.39. Ex-date: 14th February 2025 Payment date: 14th March 2025 Dividend yield will be 1.7%, which is higher than the industry average of 1.6%. Payout Ratios Payout ratio: 35%. Cash payout ratio: 34%. Upcoming Dividend • Feb 07
Upcoming dividend of US$0.39 per share Eligible shareholders must have bought the stock before 14 February 2025. Payment date: 14 March 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Austrian dividend payers (5.9%). Lower than average of industry peers (4.1%). Declared Dividend • Jan 20
Second quarter dividend of US$0.39 announced Shareholders will receive a dividend of US$0.39. Ex-date: 14th February 2025 Payment date: 14th March 2025 Dividend yield will be 1.8%, which is higher than the industry average of 1.6%. Payout Ratios Payout ratio: 35%. Cash payout ratio: 34%. Announcement • Jan 15
Cintas Corporation Announces Quarterly Cash Dividend, Payable on March 14, 2025 Cintas Corporation announced that the Company’s Board of Directors approved a quarterly cash dividend of $0.39 per share of common stock payable on March 14, 2025, to shareholders of record at the close of business on February 14, 2025. Announcement • Jan 09
Cintas Corporation (NasdaqGS:CTAS) submitted a proposal to acquire UniFirst Corporation (NYSE:UNF) for $5.2 billion. Cintas Corporation (NasdaqGS:CTAS) submitted a proposal to acquire UniFirst Corporation (NYSE:UNF) for $5.2 billion on November 8, 2024. Cintas Corporation will pay $275 in cash for each share of UniFirst Corporation. The cash consideration would be financed from Cintas cash on hand, committed lines of credit and/or other available sources of financing. The transaction is subject to a definitive agreement, approval of UniFirst board, the satisfaction of customary closing conditions, including receipt of UniFirst shareholder and required regulatory approvals. On November 27, 2024, after careful consideration, the UniFirst Board of Directors has unanimously concluded that your proposal is not in the best interests of UniFirst, its shareholders and other stakeholders.
James P. Dougherty (corporate), Hillary A. Coleman (capital markets), Arthur J. Burke, Howard Shelanski, and Nathan Kiratzis (antitrust and competition), Ethan R. Goldman (tax), and Jennifer S. Conway (executive compensation) of Davis Polk & Wardwell LLP acted as legal advisor and BDT & MSD Partners acted as Cintas financial advisor. Buy Or Sell Opportunity • Jan 07
Now 23% overvalued Over the last 90 days, the stock has fallen 3.7% to €183. The fair value is estimated to be €149, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. New Risk • Dec 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (59% net debt to equity). Share price has been volatile over the past 3 months (4.6% average weekly change). Reported Earnings • Dec 20
Second quarter 2025 earnings released: EPS: US$1.11 (vs US$0.92 in 2Q 2024) Second quarter 2025 results: EPS: US$1.11 (up from US$0.92 in 2Q 2024). Revenue: US$2.56b (up 7.8% from 2Q 2024). Net income: US$448.5m (up 20% from 2Q 2024). Profit margin: 18% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 20
Cintas Corporation Revises Earnings Guidance for the Fiscal Year 2025 Cintas Corporation revised earnings guidance for the fiscal year 2025. For fiscal 2025, the company updating annual revenue expectations from a range of $10.220 billion to $10.320 billion to a range of $10.255 billion to $10.320 billion and updating diluted EPS guidance from a range of $4.17 to $4.25 to a range of $4.28 to $4.34. Announcement • Dec 06
Cintas Corporation to Report Q2, 2025 Results on Dec 19, 2024 Cintas Corporation announced that they will report Q2, 2025 results on Dec 19, 2024 Declared Dividend • Nov 04
First quarter dividend of US$0.39 announced Shareholders will receive a dividend of US$0.39. Ex-date: 15th November 2024 Payment date: 13th December 2024 Dividend yield will be 2.3%, which is higher than the industry average of 1.6%. Payout Ratios Payout ratio: 35%. Cash payout ratio: 35%. Announcement • Oct 30
Cintas Corporation Announces Quarterly Cash Dividend, Payable on December 13, 2024 Cintas Corporation announced that the Company’s Board of Directors approved a quarterly cash dividend of $0.39 per share of common stock payable on December 13, 2024, to shareholders of record at the close of business on November 15, 2024. Buy Or Sell Opportunity • Sep 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to €188. The fair value is estimated to be €156, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Reported Earnings • Sep 25
First quarter 2025 earnings released: EPS: US$1.12 (vs US$0.94 in 1Q 2024) First quarter 2025 results: EPS: US$1.12 (up from US$0.94 in 1Q 2024). Revenue: US$2.50b (up 6.8% from 1Q 2024). Net income: US$452.0m (up 18% from 1Q 2024). Profit margin: 18% (up from 16% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 20
Cintas Corporation, Annual General Meeting, Oct 29, 2024 Cintas Corporation, Annual General Meeting, Oct 29, 2024. Announcement • Sep 16
Cintas Corporation to Report Q1, 2025 Results on Sep 25, 2024 Cintas Corporation announced that they will report Q1, 2025 results on Sep 25, 2024 Buy Or Sell Opportunity • Sep 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €735. The fair value is estimated to be €609, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings are also forecast to grow by 8.5% per annum over the same time period. Recent Insider Transactions • Jul 31
CEO, President & Director recently sold €3.9m worth of stock On the 29th of July, Todd Schneider sold around 5k shares on-market at roughly €706 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Todd's only on-market trade for the last 12 months. Declared Dividend • Jul 29
Fourth quarter dividend of US$1.56 announced Shareholders will receive a dividend of US$1.56. Ex-date: 15th August 2024 Payment date: 3rd September 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 35%. Cash payout ratio: 33%. Reported Earnings • Jul 20
Full year 2024 earnings released: EPS: US$15.46 (vs US$13.21 in FY 2023) Full year 2024 results: EPS: US$15.46 (up from US$13.21 in FY 2023). Revenue: US$9.60b (up 8.9% from FY 2023). Net income: US$1.57b (up 17% from FY 2023). Profit margin: 16% (up from 15% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 18
Cintas Corporation Provides Earnings Guidance for the Fiscal Year 2025 Cintas Corporation provided earnings guidance for the fiscal year 2025. For fiscal 2025, revenue is expected to be in the range of $10.16 billion to $10.31 billion. Diluted EPS is expected to be in the range of $16.25 to $16.75. Buy Or Sell Opportunity • Jul 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.7% to €660. The fair value is estimated to be €546, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 8.5% per annum over the same time period. Announcement • Jul 04
Cintas Corporation to Report Q4, 2024 Results on Jul 18, 2024 Cintas Corporation announced that they will report Q4, 2024 results on Jul 18, 2024 Buy Or Sell Opportunity • Jun 11
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to €639. The fair value is estimated to be €530, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 8.4% per annum over the same time period. Buy Or Sell Opportunity • May 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to €649. The fair value is estimated to be €539, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Upcoming Dividend • May 09
Upcoming dividend of US$1.35 per share Eligible shareholders must have bought the stock before 14 May 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Austrian dividend payers (5.9%). Lower than average of industry peers (2.8%). Declared Dividend • Apr 12
Third quarter dividend of US$1.35 announced Shareholders will receive a dividend of US$1.35. Ex-date: 14th May 2024 Payment date: 14th June 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 35%. Cash payout ratio: 36%. Announcement • Apr 10
Cintas Corporation Announces Quarterly Cash Dividend, Payable on June 14, 2024 Cintas Corporation announced that the Company’s Board of Directors approved a quarterly cash dividend of $1.35 per share of common stock payable on June 14, 2024, to shareholders of record at the close of business on May 15, 2024. Reported Earnings • Mar 28
Third quarter 2024 earnings released: EPS: US$3.92 (vs US$3.19 in 3Q 2023) Third quarter 2024 results: EPS: US$3.92 (up from US$3.19 in 3Q 2023). Revenue: US$2.41b (up 9.9% from 3Q 2023). Net income: US$397.6m (up 23% from 3Q 2023). Profit margin: 17% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 27
Cintas Corporation Increases Earnings Guidance for the Full Year 2024 Cintas Corporation increased earnings guidance for the full year 2024. for the year, the company increased annual revenue expectations from a range of $9.48 billion to $9.56 billion to a range of $9.57 billion to $9.60 billion and its diluted EPS from a range of $14.35 to $14.65 to a range of $14.80 to $15.00. Announcement • Mar 14
Cintas Corporation to Report Q3, 2024 Results on Mar 27, 2024 Cintas Corporation announced that they will report Q3, 2024 results on Mar 27, 2024 Announcement • Feb 21
Cintas Corporation (NasdaqGS:CTAS) acquired SITEX Corporation from Sights family. Cintas Corporation (NasdaqGS:CTAS) acquired SITEX Corporation from Sights family on February 20, 2024.
Cintas Corporation (NasdaqGS:CTAS) completed the acquisition of SITEX Corporation on February 20, 2024. Upcoming Dividend • Feb 07
Upcoming dividend of US$1.35 per share at 0.9% yield Eligible shareholders must have bought the stock before 14 February 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Austrian dividend payers (5.3%). Lower than average of industry peers (2.8%). Announcement • Jan 25
Cintas Adds Beverly K. Carmichael as Independent Director to Board Cintas Corporation appointed Beverly K. Carmichael to its Board of Directors, effective immediately. This appointment expands Cintas’ Board to 11 Directors. Carmichael brings over 30 years of experience in human resources and employment law, developing and executing strategies to enhance employee and customer experience and maximize corporate performance. Most recently, she served as the Executive Vice President, Chief People, Culture and Resource Officer at Red Robin Gourmet Burgers from 2017-2019, where she led the human resources and legal teams. Previously, she was the Senior Vice President and Chief People Officer at Cracker Barrel Old Country Store from 2014-2017. Earlier in her career, Carmichael held various leadership positions at Ticketmaster, Rockwell Collins and Southwest Airlines and was a practicing attorney at Manatt, Phelps & Phillips, LLP. Her Board membership experience encompasses both public and private companies, including Viad Corp, Cotton Patch Cafe Inc., and ezCater Inc. Announcement • Jan 17
Cintas Corporation Announces Quarterly Cash Dividend, Payable on March 15, 2024 Cintas Corporation announced that the Company’s Board of Directors approved a quarterly cash dividend of $1.35 per share of common stock payable on March 15, 2024 to shareholders of record at the close of business on February 15, 2024. Announcement • Dec 22
Cintas Corporation Increases Earnings Guidance for the Fiscal Year 2024 Cintas Corporation increases earnings guidance for the fiscal year 2024. The company is raising annual revenue expectations from a range of $9.40 billion to $9.52 billion to a range of $9.48 billion to $9.56 billion and diluted EPS from a range of $14.00 to $14.45 to a range of $14.35 to $14.65. Reported Earnings • Dec 22
Second quarter 2024 earnings released: EPS: US$3.69 (vs US$3.18 in 2Q 2023) Second quarter 2024 results: EPS: US$3.69 (up from US$3.18 in 2Q 2023). Revenue: US$2.38b (up 9.3% from 2Q 2023). Net income: US$374.6m (up 16% from 2Q 2023). Profit margin: 16% (up from 15% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 08
Cintas Corporation to Report Q2, 2024 Results on Dec 21, 2023 Cintas Corporation announced that they will report Q2, 2024 results on Dec 21, 2023 Announcement • Oct 25
Cintas Corporation Announces Quarterly Cash Dividend, Payable on December 15, 2023 Cintas Corporation announced that the Company's Board of Directors approved a quarterly cash dividend of $1.35 per share of common stock payable on December 15, 2023 to shareholders of record at the close of business on November 15, 2023. Announcement • Oct 06
Cintas Corporation (NasdaqGS:CTAS) acquired Rental Uniform Service from Waggoner and Lawrence family. Cintas Corporation (NasdaqGS:CTAS) acquired Rental Uniform Service from Waggoner and Lawrence family on October 5, 2023.Cintas Corporation (NasdaqGS:CTAS) completed the acquisition of Rental Uniform Service from Waggoner and Lawrence family on October 5, 2023. Reported Earnings • Sep 27
First quarter 2024 earnings released: EPS: US$3.78 (vs US$3.45 in 1Q 2023) First quarter 2024 results: EPS: US$3.78 (up from US$3.45 in 1Q 2023). Revenue: US$2.34b (up 8.1% from 1Q 2023). Net income: US$385.1m (up 10.0% from 1Q 2023). Profit margin: 16% (in line with 1Q 2023). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 17% per year. Announcement • Sep 27
Cintas Corporation Revises Earnings Guidance for the Fiscal Year 2024 Cintas Corporation revised earnings guidance for the fiscal year 2024. The company is increasing its full fiscal year 2024 financial guidance. The company is raising its annual revenue expectations from a range of $9.35 billion to $9.50 billion to a range of $9.40 billion to $9.52 billion and diluted EPS from a range of $13.85 to $14.35 to a range of $14.00 to $14.45. The higher effective tax rate negatively impacts fiscal 2024 diluted EPS guidance by approximately $0.16 and diluted EPS growth by approximately 120 basis points. Diluted EPS guidance includes no future share buybacks. Upcoming Dividend • Aug 07
Upcoming dividend of US$1.35 per share at 1.1% yield Eligible shareholders must have bought the stock before 14 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Austrian dividend payers (5.5%). Lower than average of industry peers (2.8%). Announcement • Jul 14
Cintas Corporation Provides Earnings Guidance for Fiscal 2024 Cintas Corporation provides earnings guidance for fiscal 2024. For fiscal 2024, The company expects revenue to be in the range of $9.35 billion to $9.50 billion and diluted EPS to be in the range of $13.85 to $14.35. Reported Earnings • Jul 14
Full year 2023 earnings released: EPS: US$13.26 (vs US$11.92 in FY 2022) Full year 2023 results: EPS: US$13.26 (up from US$11.92 in FY 2022). Revenue: US$8.82b (up 12% from FY 2022). Net income: US$1.35b (up 9.6% from FY 2022). Profit margin: 15% (in line with FY 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 30
Cintas Corporation to Report Q4, 2023 Results on Jul 13, 2023 Cintas Corporation announced that they will report Q4, 2023 results Pre-Market on Jul 13, 2023 Announcement • Jun 16
Cintas Corporation Announces Executive Changes Cintas Corporation announced that Paul F. Adler, Vice President, Treasurer & Investor Relations, will retire on July 31, 2023. The company also announced that Jared S. Mattingley, currently the company’s Corporate Controller, will be promoted to replace Adler as Vice President, Treasurer & Investor Relations, effective July 1, 2023. Adler joined Cintas in 1997 as Corporate Development Financial Analyst. He’s held a variety of ascending roles at Cintas in the years that have followed, including Controllers of Cintas’ Global Supply Chain, the Uniform Direct Sale Division (now known as Design Collective® by Cintas), and the Rental Division, before being promoted to Corporate Controller. He was promoted to his current role of VP, Treasurer & Investor Relations in June 2015 where he has led the treasury, finance and investor relations activities. A 24-year Cintas employee-partner, Mattingley came to the company in 1999 as a Staff Accountant for the Rental Division, and was later promoted to Rental Accounting Manager and Controller of Design Collective® by Cintas. Since 2015, Mattingley has served as Corporate Controller where he has been responsible for Cintas’ consolidated accounting to meet SEC requirements and its annual financial audit, as well as the company’s real estate and financial systems functions. Upcoming Dividend • May 05
Upcoming dividend of US$1.15 per share at 1.0% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Austrian dividend payers (5.2%). Lower than average of industry peers (2.8%). Reported Earnings • Mar 30
Third quarter 2023 earnings released: EPS: US$3.20 (vs US$3.04 in 3Q 2022) Third quarter 2023 results: EPS: US$3.20 (up from US$3.04 in 3Q 2022). Revenue: US$2.19b (up 12% from 3Q 2022). Net income: US$325.8m (up 3.8% from 3Q 2022). Profit margin: 15% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 07
Upcoming dividend of US$1.15 per share at 1.0% yield Eligible shareholders must have bought the stock before 14 February 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Austrian dividend payers (5.2%). Lower than average of industry peers (2.6%). Recent Insider Transactions • Jan 18
Insider recently sold €6.1m worth of stock On the 12th of January, Michael Thompson sold around 15k shares on-market at roughly €411 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Recent Insider Transactions • Jan 16
Insider recently sold €6.1m worth of stock On the 12th of January, Michael Thompson sold around 15k shares on-market at roughly €411 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. 
