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G&K Services Inc (GK.OQ)

GK.OQ on NASDAQ Stock Exchange Global Select Market

94.49USD
17 Feb 2017
Change (% chg)

$-0.20 (-0.21%)
Prev Close
$94.69
Open
$94.79
Day's High
$94.79
Day's Low
$94.41
Volume
97,214
Avg. Vol
48,901
52-wk High
$97.79
52-wk Low
$64.61

Latest Key Developments (Source: Significant Developments)

G&K Services Q2 adjusted non-gaap EPS $0.90
Tuesday, 31 Jan 2017 07:00am EST 

G&K Services Inc : g&k services reports fiscal 2017 second quarter results . Q2 adjusted non-gaap earnings per share $0.90 . Q2 earnings per share $0.46 . Q2 revenue $244.1 million versus i/b/e/s view $249.3 million . Q2 earnings per share view $0.99 -- Thomson Reuters I/B/E/S .g&k services inc- due to planned merger with cintas, g&k has withdrawn all financial guidance and will not host a conference call this quarter.  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

G&K services, unit enter into Amendment no. 4 to second amended, restated loan agreement-SEC filing
Wednesday, 28 Sep 2016 10:29am EDT 

G&K Services Inc : A subsidiary of company, as borrower entered into amendment no. 4 to second amended and restated loan agreement - SEC filing . Amendment no. 4 extends scheduled commitment termination date to September 26, 2017 Source: [http://bit.ly/2dzB66A] Further company coverage: [GK.O] ((Bangalore.newsroom@thomsonreuters.com;)).  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

G&K Services Inc declares regular cash dividend
Tuesday, 3 May 2016 07:00am EDT 

G&K Services Inc:Board of Directors has declared a quarterly dividend of $0.37 per share.Dividend will be payable on June 17, 2016 to shareholders of record date as on June 2.  Full Article

G&K Services declares regular cash dividend
Friday, 5 Feb 2016 07:00am EST 

G&K Services Inc:Declares a quarterly dividend of $0.37 per share.Dividend will be payable on March 18, 2016 to shareholders of record at the close of business on March 3, 2016.  Full Article

G&K Services Inc narrows FY 2016 guidance
Tuesday, 26 Jan 2016 07:00am EST 

G&K Services Inc:Says that due to continuing decline in value of the Canadian dollar, the company has narrowed its FY 2016 guidance.Says the company now expects FY 2016 revenue in the range of $975 million to $990 million and FY 2016 diluted earnings per share between $3.50 and $3.60.Says this compares to previously announced guidance of revenue between $975 million to $1 billion and earnings of $3.50 to $3.70 per diluted share.Says negative impact from foreign currency exchange is now expected to reduce full year revenue by about 2.5 percent compared to fiscal 2015 and reduce full year earnings by about $0.16 per diluted share.  Full Article

G&K Services Inc declares regular cash dividend
Thursday, 5 Nov 2015 07:00am EST 

G&K Services Inc:Declared a quarterly dividend of $0.37 per share.Payable on December 18 to shareholders of record date as on December 2.  Full Article

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BRIEF-G&K Services Q2 adjusted non-gaap EPS $0.90

* Q2 revenue $244.1 million versus i/b/e/s view $249.3 million