CINTAS (CTAS) Company Report

Cintas Corporation submits a proposal to acquire all outstanding common and Class B shares of UniFirst for $275.00 per share in cash, implying a total equity value of $5.2 billion and a 64% premium to UniFirst’s 90-day average closing price as of December 11, 2025.
The all-cash offer is not subject to any financing contingencies and would be funded from Cintas’s cash on hand, committed credit lines, or other available sources.
Cintas has offered a $350 million reverse termination fee payable to UniFirst if antitrust authorities block the merger, and anticipates a clear path to regulatory approvals with limited confirmatory due diligence.
The proposal was delivered to UniFirst’s board on December 12, 2025; as of December 16, 2025, Cintas reports no substantive engagement from UniFirst.

5 days ago

8-K

Cintas proposes acquisition of UniFirst at $275/share

CTAS

M&A

Cintas proposed an all-cash acquisition of UniFirst at $275 per share, representing a 64% premium and valuing the deal at $5.2 billion.
The proposal carries no financing contingencies, to be funded from cash on hand and committed credit facilities, and does not require Cintas shareholder approval.
To address regulatory risks, Cintas offered a $350 million reverse termination fee and agreed to litigate antitrust challenges as needed, outlining covenants for obtaining approvals.
Cintas plans to complete limited confirmatory due diligence within 3–4 weeks and negotiate definitive agreements in parallel for swift closing.

5 days ago

Press Release

Cintas announces Q2 FY2026 results

CTAS

Earnings

Guidance Update

Share Buyback

Revenue of $2.80 billion, up 9.3% year-over-year (organic growth 8.6%) for Q2 FY2026.
Net income of $495.3 million, an increase of 10.4%, and diluted EPS of $1.21, up 11.0%.
Operating income rose to $655.7 million (23.4% margin), compared to $591.4 million (23.1% margin) in Q2 FY2025.
Raised FY2026 guidance: revenue to $11.15–11.22 billion (from $11.06–11.18 billion) and diluted EPS to $4.81–4.88 (from $4.74–4.86).
Returned $622.5 million in share buybacks during Q2 and $180.7 million in dividends on December 15, 2025, totaling $1.24 billion in shareholder distributions for H1 FY2026.

8 days ago

Press Release

Cintas announces Q2 2026 results

CTAS

Earnings

Guidance Update

Share Buyback

Revenue of $2.80 B (+9.3% reported, +8.6% organic), gross margin 50.4%, operating income $655.7 M (+10.9%), EPS $1.21 (+11%)
Organic growth by segment: uniform rental +7.8%, first aid & safety +14.1%, fire protection +11.5%, uniform direct sale +2%
Free cash flow of $425 M (+23.8%); Q2 CapEx $106.3 M; acquisitions $85.6 M; dividends $182.3 M; share buybacks $622.5 M; H1 capital returned $1.24 B
Raised Fiscal 2026 guidance to $11.15–11.22 B revenue (+7.8%–8.5%) and $4.81–4.88 EPS (+9.3%–10.9%); Q2 operating margin a record 23.4% and 27% incremental margin

Dec 18, 2025, 3:00 PM

Transcript

Cintas reports Q2 fiscal 2026 results

CTAS

Earnings

Guidance Update

Share Buyback

Total revenue grew 9.3% to $2.8 billion, with organic growth of 8.6%, and operating margin reached an all-time high of 23.4% as operating income rose 10.9% to $655.7 million.
Diluted EPS was $1.21, up 11%, and free cash flow hit $425 million (+23.8%); the company invested $106.3 million in capex, completed $85.6 million of acquisitions, paid $182.3 million in dividends, and repurchased $622.5 million of shares.
Segment organic growth: Uniform Rental & Facility Services +7.8%, First Aid & Safety +14.1%, Fire Protection +11.5%, Uniform Direct Sale +2%.
Raised Fiscal 2026 guidance to $11.15–$11.22 billion in revenue (7.8%–8.5% growth) and $4.81–$4.88 in EPS (9.3%–10.9% growth).

Dec 18, 2025, 3:00 PM

Transcript

Cintas reports Q2 2026 results

CTAS

Earnings

Guidance Update

Share Buyback

Cintas delivered record Q2 revenue of $2.8 billion, up 9.3% YoY (organic +8.6%), with operating income of $655.7 million (+10.9%) and diluted EPS of $1.21 (+11%).
Gross margin expanded by 60 bps to 50.4%, and operating margin reached an all-time high of 23.4% (+30 bps).
Free cash flow was $425 million (+23.8%), enabling Q2 capital allocation of $106.3 million CapEx, $85.6 million in acquisitions, $182.3 million in dividends, and $622.5 million in share repurchases.
Fiscal 2026 guidance raised: revenue now expected at $11.15–11.22 billion (7.8–8.5% growth) and EPS at $4.81–4.88 (9.3–10.9% growth).

Dec 18, 2025, 3:00 PM

Transcript

Cintas announces fiscal 2026 Q2 results and raises guidance

CTAS

Earnings

Guidance Update

Share Buyback

Cintas reported $2.80 billion in revenue for Q2 FY2026, up 9.3% year-over-year (organic growth of 8.6%) and 50.4% gross margin.
Operating income rose 10.9% to $655.7 million, while net income increased 10.4% to $495.3 million, delivering diluted EPS of $1.21, up 11.0%.
During Q2 and through Dec. 17, 2025, Cintas repurchased $622.5 million of its common stock and paid $180.7 million in dividends, bringing year-to-date capital returns to $1.24 billion.
Full-year FY2026 guidance was raised: revenue now expected at $11.15 billion–$11.22 billion (from $11.06 billion–$11.18 billion) and diluted EPS to $4.81–$4.88 (from $4.74–$4.86).

Dec 18, 2025, 1:31 PM

8-K

Cintas announces fiscal 2026 Q2 results

CTAS

Earnings

Guidance Update

Share Buyback

Revenue of $2.80 billion, up 9.3% year-over-year with organic growth of 8.6%.
Operating income of $655.7 million (+10.9%) and diluted EPS of $1.21 (+11.0%).
Returned $622.5 million in share buybacks and paid $180.7 million in dividends in the quarter, totaling $1.24 billion returned in H1 FY2026.
Raised FY2026 guidance to $11.15 billion–$11.22 billion in revenue and $4.81–$4.88 in diluted EPS.

Dec 18, 2025, 1:30 PM

Press Release

Cintas outlines Sims Lifecycle Services growth and Q1 2026 results

CTAS

Earnings

Sims Lifecycle Services (SLS), a wholly owned Sims Limited subsidiary based in Irvine, CA, offers end-to-end lifecycle management for AI data centers, leveraging a 4-year decommissioning cycle and full-service integration with clients' IT systems to enhance switching costs.
Operationally, SLS built a hyperscaler-grade site in 5 months, reprogrammed 1 million DIMMs within a year, and maintains 50–60 % excess capacity in the U.S. to meet rapid AI infrastructure refreshes.
Financially, from 2023 to 2025 underlying EBIT rose 78 % to $32 million, revenue increased from $325 million to $427 million, and hyperscaler revenue doubled to $200 million, representing 47 % of total revenue.
SLS remains capital-light (CapEx of $13 million in the last year vs. $4 million prior), with a focus on automation, geographic expansion, and diversified revenue streams (resale, service fees, commodity) to sustain growth.

Sep 24, 2025, 2:00 PM

Transcript

Cintas reports Q1 2026 earnings

CTAS

Earnings

Guidance Update

Share Buyback

Cintas reported Q1 revenue of $2.72 B, up 8.7% year-over-year (organic growth 7.8%) with 50.3% gross margin, a 20 bp increase.
Operating income rose 10.1% to $617.9 M; net income was $491.1 M and EPS grew 9.1% to $1.20.
Generated $414.5 M of operating cash flow, invested $102 M in capex, repurchased $347.4 M of shares, and increased the dividend by 15.4%—the 42nd consecutive annual raise.
Raised fiscal 2026 guidance to $11.06–$11.18 B in revenue (+7%–8.1%) and $4.74–$4.86 EPS (+7.7%–10.5%).

Sep 24, 2025, 2:00 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for CINTAS.

Q2 2026

Dec 18, 2025

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Q1 2026

Sep 24, 2025

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CINTAS (CTAS)

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