Cintas CFO Says He's Open to Larger Acquisitions -- Market Talk

Dow Jones07-25

1651 ET - Cintas would be open to making an acquisition worth as much as a couple billion dollars, if presented with the opportunity, Chief Financial Officer Mike Hansen says. The Cincinnati-based workwear rental and safety services company has recently scooped up smaller competitors in its local and regional markets. In its 2024 fiscal year, which ended in May, Cintas spent $186.8 million on acquisitions, the highest level since fiscal 2017, the company said on its latest earnings call. But Cintas is open to bigger transactions, Hansen says. "If a larger opportunity came along, we certainly would love to make that happen," he says. The company in 2017 acquired uniform rental company G&K Services for $1.9 billion. (kristin.broughton@wsj.com; @kcbroughton)

(END) Dow Jones Newswires

July 24, 2024 16:51 ET (20:51 GMT)

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But Cintas is open to bigger transactions, Hansen says. \"If a larger opportunity came along, we certainly would love to make that happen,\" he says. The company in 2017 acquired uniform rental company G&amp;K Services for $1.9 billion. 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The Cincinnati-based ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4137","symbol_name":"综合支持服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2454856535","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454856535","pubTimestamp":1721854260,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1651 ET - Cintas would be open to making an acquisition worth as much as a couple billion dollars, if presented with the opportunity, Chief Financial Officer Mike Hansen says. The Cincinnati-based workwear rental and safety services company has recently scooped up smaller competitors in its local and regional markets. In its 2024 fiscal year, which ended in May, Cintas spent $186.8 million on acquisitions, the highest level since fiscal 2017, the company said on its latest earnings call. But Cintas is open to bigger transactions, Hansen says. \"If a larger opportunity came along, we certainly would love to make that happen,\" he says. The company in 2017 acquired uniform rental company G&K Services for $1.9 billion. 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