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Cintas Corp (CTAS.OQ)

CTAS.OQ on NASDAQ Stock Exchange Global Select Market

148.92USD
17 Nov 2017
Change (% chg)

$-1.19 (-0.79%)
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Latest Key Developments (Source: Significant Developments)

Cintas Corporation Q1 revenue $1.61 billion
Wednesday, 27 Sep 2017 

Sept 26 (Reuters) - Cintas Corp :Cintas Corporation announces fiscal 2018 first quarter results.Q1 earnings per share $1.45 from continuing operations.Q1 revenue $1.61 billion versus I/B/E/S view $1.57 billion.Q1 earnings per share view $1.30 -- Thomson Reuters I/B/E/S.As a result of our Q1 results, we are increasing our annual guidance for fiscal 2018​.Says expect revenue to be in range of $6.325 billion to $6.400 billion for FY18.Sees ‍EPS from continuing operations to be in range of $5.30 to $5.38 for 2018​.  Full Article

Cintas Corp announces regulatory approval for the acquisition of G&K Services
Friday, 17 Mar 2017 

Cintas Corp : Cintas corporation announces regulatory approval for the acquisition of g&k services, inc. .Cintas corp - transaction is expected to close on tuesday, march 21, 2017..  Full Article

G&K Services, Cintas received request for additional information from FTC on Sept. 29 - SEC Filing
Friday, 30 Sep 2016 

G&K Services Inc: Says parties expect merger to be completed not later than q2 of calendar year 2017 - SEC Filing .Says on September 29, Co and Cintas received a request for additional information from FTC, in connection with merger.  Full Article

Cintas sees FY 2017 revenue $5.16 bln to $5.225 bln
Wednesday, 28 Sep 2016 

Cintas Corp : Cintas corporation announces fiscal 2017 first quarter results . Q1 earnings per share $1.26 from continuing operations . Q1 revenue $1.29 billion versus i/b/e/s view $1.28 billion . Q1 earnings per share view $1.08 -- Thomson Reuters I/B/E/S . Sees fy 2017 earnings per share $4.55 to $4.63 from continuing operations . Sees fy 2017 revenue $5.16 billion to $5.225 billion .Q1 earnings per share $0.14.  Full Article

G&K Services says termination fee under some conditions is $60 mln
Wednesday, 17 Aug 2016 

G&K Services : If deal is terminated due to failure to obtain antitrust approval, then Cintas to pay G&K Services a termination fee of $100 million .In deal is terminated under specified circumstances, G&K Services to pay Cintas a termination fee of $60 million - sec filing.  Full Article

G&K Services may be required to pay cintas termination fee of $60 mln on termination of deal
Tuesday, 16 Aug 2016 

G&K Services Inc : In connection with termination of deal under specified circumstances, co may be required to pay Cintas termination fee of $60 million .Under some other specified circumstances, Cintas may be required to pay co termination fee of $100 million - SEC filing.  Full Article

G&K Services agrees to be acquired by Cintas in $2.2 bln deal
Tuesday, 16 Aug 2016 

G&K Services : Announces Agreement To Be Acquired By Cintas In $2.2 Billion All Cash transaction; reports record fiscal 2016 fourth quarter results . Has also suspended any prior guidance provided as a result of transaction announcement . In light of announced agreement with Cintas, G&K services has cancelled its fiscal Q4 2016 conference call . Q4 earnings per share $1.00 . Q4 revenue $258.5 million versus I/B/E/S view $257.8 million .Q4 earnings per share view $0.95 -- Thomson Reuters I/B/E/S.  Full Article

Cintas Corp to acquire G&K Services for about $2.2 bln
Tuesday, 16 Aug 2016 

Cintas Corp : Cintas corporation to acquire G&K Services . Cintas corporation to acquire G&K Services . Cintas will acquire all outstanding shares of G&K services for $97.50 per share in cash . Total enterprise value of approximately $2.2 billion, including acquired net debt . Synergies are projected to be realized in their entirety in fourth full year after closing . Expects to finance transaction through combination of existing cash, assumption of existing g&k services debt, and new debt . Deal for $97.50 per share . Transaction is expected to be accretive to cintas' earnings per share in its second full year after closing . Cintas Corp says Cintas anticipates realizing annual synergies in range of $130 million to $140 million . Upon completion of merger, G&K Services will be a wholly owned subsidiary of Cintas .Upon completion of merger, G&K Services expected to initially operate under its existing brand name.  Full Article

Cintas announces retirement of chairman Robert Kohlhepp
Wednesday, 3 Aug 2016 

Cintas Corp : Cintas announces the retirement of chairman Robert J. Kohlhepp .Cintas' CEO and board member, Scott D. Farmer will be appointed chairman.  Full Article

Cintas says may buy back up to $500 mln in shares
Wednesday, 3 Aug 2016 

Cintas Corp : Cintas Corporation announces stock buyback authorization . Board approved a share repurchase program under which company may repurchase up to $500 million of Cintas common stock .Share repurchase program does not have an expiration date.  Full Article

BRIEF-Cintas Corporation Q1 revenue $1.61 billion

* Cintas Corporation announces fiscal 2018 first quarter results