G&K Acquisition Hits Cintas Earnings, but Organic Growth Remains Strong
Acquisitions are important events in the lives of companies, and they often involve accepting short-term pain in the hope of long-term gain. Cintas (NASDAQ: CTAS) recently completed the acquisition of G&K Services, complementing its uniform rental business and expanding its exposure to facility services, and investors were looking forward to seeing how the merger would impact the company's financials.
Coming into Thursday's fiscal fourth-quarter financial report, Cintas shareholders expected substantial sales gains and modest earnings growth. The company delivered on the top line, and investors should have been pleased with Cintas' net income despite some one-time charges related to integrating G&K's operations. Let's take a closer look at Cintas to see how it did and what lies ahead.
Image source: Cintas.
Source: Fool.com
Cintas Corp. Aktie
Und die Aktie ist derzeit mit 17 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung ein Geheimtipp unserer Community.
Ein leicht positives Potenzial wird für Cintas Corp. mit einem Kursziel von 657 € im Vergleich zu 628.6 € gesehen.
