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Cintas Corp (CTAS.OQ)

CTAS.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Cintas Q3 earnings per share $1.08 from continuing operations
Wednesday, 22 Mar 2017 04:15pm EDT 

Cintas Corp : Cintas Corporation announces fiscal 2017 third quarter results . Q3 earnings per share $1.08 from continuing operations . Q3 revenue $1.28 billion versus I/B/E/S view $1.28 billion . Q3 earnings per share view $1.07 -- Thomson Reuters I/B/E/S . Cintas Corp - expect to realize annual synergies in range of $130 million to $140 million in fourth full year following acquisition . Says "we are pulling our guidance for remainder of our 2017 fiscal year" .Says integration process with g&k needed to achieve annual synergies will result in certain non-recurring costs.  Full Article

Cintas Corp says G&K Services enters amended and restated note purchase agreement
Tuesday, 21 Mar 2017 06:06pm EDT 

Cintas Corp : 3.73% series a senior notes due April 15,2023, 3.88% series B senior notes due April 15,2025 were deemed to be amended,restated . On March 21, 2017, G&K Services, Inc. entered into an amended and restated note purchase agreement . Interest on each tranche of notes is payable semiannually - SEC filing .Effective March 21, 2017, note purchase agreement, dated april 15, 2013, among G&K Services and Purchasers, replaced by A&R purchase agreement.  Full Article

Cintas Q2 revenue $1.3 billion
Thursday, 22 Dec 2016 04:15pm EST 

Cintas Corp : FY2017 earnings per share view $4.61, revenue view $5.20 billion -- Thomson Reuters I/B/E/S . Cintas Corporation announces fiscal 2017 second quarter results . Q2 revenue $1.3 billion versus I/B/E/S view $1.29 billion . Sees FY 2017 earnings per share $4.57 to $4.65 from continuing operations . Q2 earnings per share $1.13 from continuing operations . Sees FY 2017 revenue $5.18 billion to $5.225 billion .Q2 earnings per share view $1.15 -- Thomson Reuters I/B/E/S.  Full Article

G&K Services, Cintas received request for additional information from FTC on Sept. 29 - SEC Filing
Thursday, 29 Sep 2016 04:40pm EDT 

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
Tuesday, 27 Sep 2016 04:15pm EDT 

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
Tuesday, 16 Aug 2016 05:54pm EDT 

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 09:08am EDT 

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 08:35am EDT 

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 08:30am EDT 

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 08:30am EDT 

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

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