Recent Updates — CTAS
Cintas Corporation announced that Melanie W. Barstad will not stand for re-election to the board of directors at the company's 2026 annual meeting. Ms. Barstad will continue serving until the conclusion of the meeting, and her departure is unrelated to any disagreements regarding operations or policies. Cintas Corporation operates in the business services industry, providing uniform rental and facility service solutions.
Cintas Corporation appointed Jim Rozakis as President and Chief Operating Officer, effective August 1, 2026, separating the roles of President and CEO. Todd Schneider remains CEO but relinquishes the President title. Mr. Rozakis receives a $900,000 base salary, $1,125,000 target cash incentive, and $4,000,000 target long-term incentive, plus one-time awards valued at $112,500 in restricted stock and $337,500 in options. Cintas operates in the business services industry, providing uniform rental and facility service solutions.
Cintas Corporation reported fiscal 2026 fourth quarter results, with revenue rising 8.9% to $2.91 billion and net income increasing 14.0% to $511.0 million. Diluted earnings per share for the quarter was $1.26, while adjusted diluted EPS was $1.29, excluding $14.0 million in UniFirst acquisition transaction expenses. For the full fiscal year, revenue reached $11.26 billion, and diluted EPS was $4.91. The company provided fiscal 2027 guidance, projecting revenue between $12.10 billion and $12.25 billion and adjusted diluted EPS between $5.36 and $5.50. Cintas also noted that the pending UniFirst acquisition remains expected to close in the second half of calendar 2026. Cintas is a provider of uniform rental, facility services, and first aid and safety products.
Cintas Corporation entered into a merger agreement with UniFirst Corporation on March 10, 2026, and on June 11, 2026, both companies received a Second Request from the FTC to provide additional information regarding the regulatory review of the transaction. UniFirst shareholders have approved the acquisition, and Cintas expects the transaction to close in the second half of 2026. Cintas Corporation is a provider of uniform and facility services.
Cintas Corporation entered into a new $2.0 billion revolving credit facility through its subsidiary, Cintas No. 2, which includes a $300 million letter of credit sub-facility and a $150 million swing line sub-facility. The new agreement matures on March 27, 2031, and its execution resulted in the termination of the company's existing credit agreement.
Cintas Corporation issued a press release on March 25, 2026, announcing its financial results for the quarter ended February 28, 2026. The filing serves as the formal announcement of the company's quarterly results of operations and financial condition.