Cintas (CTAS) Proxy filing summary
Event summary combining transcript, slides, and related documents.
Proxy filing summary
28 Aug, 2026Executive summary
Fiscal 2026 saw record revenue of $11.26 billion, 8.9% growth, and all-time high gross margin of 50.7%.
Operating income rose to $2.61 billion (23.1% of revenue), and diluted EPS increased 11.6% to $4.91.
Adjusted diluted EPS was $4.94, up 12.3%, excluding $16.1 million in UniFirst acquisition expenses.
$1.7 billion was returned to shareholders via buybacks and dividends.
The company is pursuing the acquisition of UniFirst and a reincorporation from Washington to Delaware.
Voting matters and shareholder proposals
Shareholders will vote on electing eight directors, say-on-pay, auditor ratification, reincorporation to Delaware, and a shareholder proposal on majority voting.
Board recommends FOR all management proposals and AGAINST the shareholder proposal.
The shareholder proposal seeks to eliminate supermajority voting standards; the Board argues remaining standards are limited and protective.
Board of directors and corporate governance
Eight director nominees, including a mix of independent and executive members, are up for election for one-year terms.
Board leadership is split between Executive Chairman and CEO; a Lead Director presides over independent sessions.
All standing committees (Audit, Compensation, Nominating/Governance) are composed solely of independent directors.
Board reviews strategy, succession, and risk, and engages with shareholders on governance matters.
Latest events from Cintas
- Record growth, strategic investments, and key governance changes headline this year's proxy.CTAS
Proxy filing - Virtual annual meeting to vote on directors, pay, auditor, reincorporation, and governance.CTAS
Proxy filing - Record revenue and margin growth in 2026; strong 2027 outlook with continued investment.CTAS
Q4 2026 - Record revenue, margin highs, and raised guidance driven by broad-based growth and strong retention.CTAS
Q2 2026 - Q1 revenue and net income rose 8.7%, with raised guidance and strong share repurchases.CTAS
Q1 2026 - Revenue and net income surged, margins expanded, and guidance was raised for the full year.CTAS
Q2 2025 - Revenue and profit surged, margins expanded, and guidance was raised amid strong capital returns.CTAS
Q1 2025 - Record growth, margin expansion, and a four-for-one stock split set the stage for 2025.CTAS
Q4 2024 - Q3 revenue and EPS surged, driving higher guidance and robust margin expansion.CTAS
Q3 2025