Recent Updates — CTAS
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.
Cintas Corporation entered into a definitive merger agreement to acquire UniFirst Corporation, with UniFirst shareholders receiving $155 in cash and 0.7720 shares of Cintas common stock per share. To fund the transaction, Cintas has secured a $2.85 billion debt financing commitment.
Cintas Corporation has delivered a proposal to the Board of Directors of UniFirst Corporation to acquire all outstanding common and class B shares. The proposed transaction is an all-cash offer valued at $275.00 per share.