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Companies that provide a mix of behind-the-scenes support services — like logistics help, printing, and other outsourced tasks businesses hand off.

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Mint Incorporation Renamed Axonex AI Group, Ticker to Become AXNX on October 13

Mint Incorporation Limited has changed its name to Axonex AI Group Limited, effective September 28, 2026, as part of an official rebranding tied to its strategic pivot into artificial intelligence and robotics. The company's Class A ordinary shares are expected to begin trading on the Nasdaq Capital Market under the new ticker symbol AXNX at the open of market trading on October 13, 2026, while the CUSIP number remains unchanged and the new corporate website is live at axonexai.com. The rebrand formalizes a transformation the group says has been underway over the past year, underscored by the launch of its wholly-owned subsidiary Axonex AI Limited and its majority owned subsidiary Rice Robotics AGI Holding Limited. Through those operations the company has introduced robot models and robotics solutions including the FLOKI Minibot M1 companion and home assistance robot, the NEX semi-humanoid service robot, and micro-insurance solutions purpose-built for commercial robots, and it says AI and robotics now account for an increasing share of revenue. Chairman and Chief Executive Officer Damian Chan said the new identity is a definitive statement of strategic intent and that the company is allocating resources, talent and investment to make AI and robotics its main growth engine. Axonex AI said it intends to explore new robot models and series, pursue partnerships and joint ventures to acquire technologies and enter new market segments, advance synergies such as embodied intelligence and humanoid robots, and increase investment in research and development, laboratory facilities, manufacturing and talent, while retaining its established interior design and fit-out works business.
MIMI · Technology · Positive Rebranding to Axonex AI Group formalizes its pivot into AI and robotics, with new robot models and R&D investment as its main growth engine.
Rice Robotics AGI Holding Limited · Technology · Positive Named as a majority-owned subsidiary through which the company introduced robotics solutions, supporting the AI/robotics pivot.
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J.P. Morgan Downgrades Leidos to Neutral, Cuts Price Target to $142

J.P. Morgan downgraded Leidos Holdings to Neutral from Overweight and lowered its price target to $142 from $160, citing deteriorating earnings expectations tied to weakness in the company's healthcare business. The new target still implies roughly 25% upside from Leidos' Oct. 7 closing price of $113.55, but analyst Seth M. Seifman said the company's relatively low valuation is not enough to justify an Overweight rating when other aerospace and defense stocks offer substantial potential returns. J.P. Morgan forecasts Leidos' 2027 revenue at approximately $18.1 billion, down from an estimated $18.35 billion in 2026, with adjusted ebitda falling to $2.14 billion from $2.45 billion and adjusted ebitda margin declining to 11.8% from 13.3%, largely on Health segment margins projected to drop to 16% from 22%. Seifman noted that Bloomberg consensus estimates still anticipate approximately $2.45 billion in adjusted ebitda for 2027, suggesting published expectations may be too optimistic. In the same Oct. 8 research report, J.P. Morgan named Howmet Aerospace, Honeywell Aerospace, Huntington Ingalls Industries and Lockheed Martin as potential outperformers this earnings season, while keeping Overweight ratings on Boeing with a $290 price target and StandardAero with a $40 price target.
LDOS · Capital · Negative J.P. Morgan downgraded Leidos to Neutral and cut its price target to $142, citing deteriorating earnings expectations and weak healthcare margins.
BA · Capital · Positive J.P. Morgan kept an Overweight rating on Boeing with a $290 price target, naming it a potential earnings-season outperformer.
HII · Capital · Positive J.P. Morgan named Huntington Ingalls as a potential outperformer this earnings season.
HONA · Capital · Positive J.P. Morgan named Honeywell Aerospace among potential outperformers this earnings season while keeping its Overweight-rated aerospace names.
HWM · Capital · Positive J.P. Morgan named Howmet Aerospace as a potential outperformer this earnings season.
SARO · Capital · Positive J.P. Morgan kept an Overweight rating on StandardAero with a $40 price target.
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UniFirst and Cintas Certify Substantial FTC Compliance on $5.5 Billion Deal

UniFirst and Cintas disclosed that they certified with the Federal Trade Commission on Friday that each had substantially complied with the regulator's second request. The two uniform retailers entered into a timing agreement with the FTC under which they agreed not to consummate the deal before Dec. 11 unless they receive written notice from the FTC before that date that it has closed its investigation, according to an 8-K filing on Tuesday. The parties also disclosed on July 2 that they received a Supplementary Information Request from the Canadian Competition Bureau in connection with that agency's review of the deal, and on Sept. 29 they certified to the regulator that they had completed their response to the SIR. Cintas continues to expect its $5.5 billion purchase of UniFirst to be completed by the end of the year. Cintas agreed in March to acquire smaller rival UniFirst for $310 per share in cash and stock, representing an enterprise value of about $5.5B.
CTAS · Regulation · Positive Cintas certified substantial FTC compliance on its $5.5B acquisition of UniFirst, advancing regulatory clearance for the deal.
UNF · Regulation · Positive UniFirst certified substantial FTC compliance and completed its Canadian SIR response, moving its acquisition by Cintas closer to closing.
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Healthcare Services Group Acquires NEXDINE Hospitality for $93.5M Upfront

Healthcare Services Group announced on Wednesday that it has acquired NEXDINE Hospitality, a dining and hospitality service management firm, for an upfront purchase price of $93.5M. HCSG said it funded the transaction with cash on hand, and NEXDINE is expected to generate more than $150M in annual revenue. Additional payments to NEXDINE investors are contingent on the company achieving certain performance metrics. After the deal, the Mansfield, MA-based NEXDINE will operate as a wholly-owned subsidiary of HCSG, which manages environmental and dietary services for the healthcare industry, expanding its presence in the senior living market. NEXDINE will retain its existing headquarters and its current leadership team, including founder and CEO David Lanci.
HCSG · Capital · Positive HCSG acquires NEXDINE Hospitality for $93.5M upfront, funded with cash on hand, adding over $150M in expected annual revenue.
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France
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Elis Converts 99.13% of 2029 OCEANEs, Issuing 23.6 Million Shares

Elis announced that holders of 3,767 of its 3,800 outstanding 2029 OCEANEs validly exercised conversion or exchange rights, representing 99.13% of the €380,000,000 2.25% convertible bond issue due September 22, 2029. The exercised bonds, each with a par value of €100,000, carry an aggregate nominal amount of €376,700,000 and will be settled at a conversion ratio of 6,256.8564 Elis shares per bond. That will deliver a total of 23,569,556 Elis shares, comprising 18,104,556 existing treasury shares and 5,465,000 new shares, equal to 9.89% of Elis's share capital after the new issuance. Elis said its share capital now stands at EUR 238,313,588, made up of 238,313,588 ordinary shares with a nominal value of EUR 1.00 each, with settlement and delivery completed on October 7, 2026. The remaining 33 bonds whose rights were not validly exercised will be redeemed in cash on October 13, 2026 at €100,129.45 per bond, including €129.45 of accrued interest, for an aggregate redemption amount of €3,304,271.85.
ELIS.PA · Capital · Neutral 99.13% of 2029 OCEANEs converted, issuing 23.6M shares (9.89% of capital) and redeeming the rest in cash
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Yahoo Finance·4dRead more →
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Copart Shares Rise 1.58% as Analysts Eye $0.41 Quarterly EPS

Copart, Inc. closed the most recent trading day at $27.65, up 1.58% and outpacing the S&P 500's daily gain of 0.66%, while the Dow added 0.18% and the Nasdaq rose 1.05%. The stock has fallen 19.28% over the past month, lagging the Business Services sector's 4.68% loss and the S&P 500's 0.55% gain. For its upcoming earnings disclosure, analysts expect Copart to post earnings of $0.41 per share, flat versus the prior-year quarter, on revenue of $1.18 billion, a 2.41% increase. For the full year, the Zacks Consensus Estimates forecast earnings of $1.65 per share and revenue of $4.83 billion, changes of +6.45% and +3.57% respectively. Over the past month the Zacks Consensus EPS estimate has shifted 0.84% downward, and Copart currently holds a Zacks Rank of #3 (Hold), trading at a Forward P/E of 16.52 versus its industry average of 24.94.
CPRT · Capital · Neutral Analysts expect $0.41 flat quarterly EPS and $1.18B revenue (+2.41%), with the consensus EPS estimate revised 0.84% downward and a Zacks Rank #3 Hold.
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France
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SPIE Acquires 94% of French Industrial Maintenance Firm CLAUSER

SPIE announced it has acquired 94% of CLAUSER, a family-owned French company specializing in industrial maintenance and high-power electrical installations. Founded in 1963 and based in Saint-Jean-de-Maurienne and Dunkirk, CLAUSER employs around 100 people and generated revenue of approximately €22 million in 2025. The company is recognized for its longstanding expertise in aluminium production and processing as well as electrochemical processes. SPIE said the deal strengthens its position in industrial maintenance and high-power electrical installations, a sector where the electrification of industrial processes is playing an increasingly important role. Frédéric Toussaint, Managing Director of SPIE Industrie (France), said CLAUSER's expertise in aluminium-related processes is a major asset for supporting the electrification and decarbonisation of French industrial sites.
SPIE.PA · Capital · Positive SPIE acquires 94% of CLAUSER, an M&A deal strengthening its industrial maintenance and high-power electrical installation business.
Clauser · Capital · Positive CLAUSER is the acquisition target, with 94% of the family-owned firm being bought by SPIE.
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Yahoo Finance·5dRead more →
United States
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Leidos and Altaris Close Deal to Form Analogic Security Screening Joint Venture

Leidos and investment firm Altaris have completed their previously announced transaction to form a scaled U.S.-based joint venture for advancing security screening at airports, borders and critical infrastructure worldwide. Operating under the Analogic brand, the new company combines complementary security screening technologies, engineering expertise and advanced manufacturing capabilities, and Leidos will retain a significant minority ownership stake in it, maintaining its interests in a critical national security market. Leidos Chief Executive Officer Tom Bell said the joint venture creates an American innovator with the technology, talent and scale to address rapidly evolving global security screening needs, and that its launch sharpens the company's focus on the growth engines driving its NorthStar 2030 strategy. In parallel with the mission of the Analogic joint venture, Leidos will continue its work across the broader aviation ecosystem, including modernizing airports and air traffic systems. Leidos, headquartered in Reston, Virginia, reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026, while Analogic is headquartered in Salem, New Hampshire, and Altaris manages $9+ billion of equity capital.
LDOS · Capital · Positive Leidos completed the transaction forming the Analogic security screening joint venture, retaining a significant minority stake while sharpening focus on its NorthStar 2030 growth strategy.
Altaris Capital Partners · Capital · Positive Altaris closed the deal with Leidos to form the Analogic security screening joint venture, combining its portfolio company's technology and manufacturing capabilities.
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Wolters Kluwer Adds Libra AI Tools to LEX Legal Research Platform

Wolters Kluwer has integrated Libra's AI workflow tools into its LEX legal research platform through a new add-in, giving LEX users direct access to AI-assisted workflows inside their existing research environment. The move follows the earlier rollout of the Libra workspace and extends Wolters Kluwer's connected working environment approach for legal clients. Wolters Kluwer is a €15.3b professional services group that builds information and software tools for lawyers and other specialists across Europe, North America, and the Asia Pacific. The company says ongoing investment and rapid integration of advanced AI and GenAI features into core product suites are enhancing customer value, enabling premium pricing, and differentiating its offerings. The integration is intended to tie generative tools to proprietary content and research journeys, making switching harder for legal clients as competitors like Thomson Reuters and LexisNexis race to deliver similar workflow integration.
WKL.AS · Technology · Positive Wolters Kluwer integrated Libra AI workflow tools into its LEX legal research platform, advancing its AI product suite.
WKL.AS · Pricing · Positive Company says rapid AI integration is enabling premium pricing and differentiating its offerings.
TRI · Competition · Neutral Named as a competitor racing to deliver similar AI workflow integration, but no specific development for Thomson Reuters.
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Simply Wall St·9dRead more →
United States
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Matthews International Directors Dietze and O'Brien to Exit as Board Shrinks to Eight

Matthews International Corporation announced that directors Katherine E. Dietze and Morgan K. O'Brien will not stand for re-election at the company's 2027 Annual Meeting of Shareholders, backing a governance initiative to reduce the Board from ten to eight directors. The Pittsburgh-based company said their decision reflects support for its strategic direction and the appointment of Michael J. Whitehead as President and Chief Executive Officer, effective August 31, 2026, succeeding Joseph C. Bartolacci. Chairman J. Michael Nauman praised the two long-tenured directors as trusted advisors whose support of the Board's refreshment efforts and the leadership transition reflects thoughtful stewardship. The right-sizing builds on a board refresh that has added five new directors since 2023, divestitures including SGK Brand Solutions into the Propelis joint venture in May 2025 and the European packaging and warehouse automation businesses in December 2025, and governance changes in 2026 such as board declassification and majority voting in uncontested elections. The company also cited a restructuring of its European engineering operations expected to generate approximately $10 million in annual cost savings beginning in Fiscal Year 2027, and said it expects to provide additional information on its initiatives in the coming months.
MATW · Regulation · Neutral Two directors exit as board shrinks from ten to eight under a governance refresh, alongside CEO transition and restructuring; mixed governance/leadership news.
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PR Newswire·10dRead more →
United States
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Leidos Appoints AT&T COO Jeff McElfresh to Board of Directors

Leidos has appointed Jeff McElfresh, AT&T's chief operating officer, to its board of directors effective October 1. McElfresh's career at AT&T spans more than 30 years, and he currently oversees the company's $250 billion nationwide advanced connectivity infrastructure transformation, an expertise Leidos said aligns with its core digital work and expanding energy infrastructure business. In prior roles at AT&T he oversaw cybersecurity, data management, and labs, and before joining AT&T he began his career as a defense tech engineer on aerospace and maritime projects. His appointment increases the Leidos board to 11 members, and he will serve on the board's Corporate Governance and Ethics and Technology and Information Security committees. Board Chair Bob Shapard said McElfresh's experience and leadership will strengthen the board's independent oversight, while CEO Tom Bell said he looks forward to working with him as Leidos advances its NorthStar 2030 growth strategy.
LDOS · Capital · Positive Leidos appoints AT&T COO Jeff McElfresh to its board, adding connectivity and cybersecurity expertise to support its NorthStar 2030 strategy.
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PR Newswire·10dRead more →
European UnionSwedenFranceUnited KingdomGermanyItalyCzechiaIndia+1
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BofA Upgrades Saab and Dassault, Downgrades Babcock and Renk

Bank of America reshuffled its European defense coverage, upgrading Saab AB Class B to buy from neutral and Dassault Aviation to buy from neutral while downgrading Babcock International Group and RENK Group AG to neutral from buy. BofA raised its Saab price objective to SEK720 from SEK655, citing stronger-than-consensus growth expectations, particularly in its Surveillance business, and forecasts earnings per share 9%-16% above consensus in 2027-30, with its 2030 revenue estimate for Surveillance about 27% above consensus. For Dassault, the bank lifted its price objective to €360 from €345, highlighting a Rafale backlog that provides about 7.5 years of production visibility at current delivery rates, and said a proposed Indian order for 114 Rafales and Ukraine's ambition for up to 100 aircraft could, if secured, lift the backlog above 400 aircraft and roughly double production visibility. Babcock was cut to neutral with its price objective reduced to 1,060 pence from 1,608 pence, and RENK was cut to neutral with its target lowered to €42.50 from €62.50. BofA also initiated Fincantieri SpA at buy with a €17 price objective, expecting 34% EPS CAGR from 2026-30, and started CSG Nv Class A at underperform with a €13 target.
0GWL.LSE · Capital · Positive BofA upgraded Saab to buy and raised its price objective to SEK720, citing stronger-than-consensus growth and EPS 9%-16% above consensus.
1F80.XETRA · Capital · Positive BofA initiated Fincantieri at buy with a €17 price objective, expecting 34% EPS CAGR from 2026-30.
AM.PA · Capital · Positive BofA upgraded Dassault to buy and lifted its price objective to €360, citing Rafale backlog visibility and potential Indian/Ukraine orders.
BAB.LSE · Capital · Negative BofA downgraded Babcock to neutral and cut its price objective to 1,060 pence from 1,608 pence.
R3NK.XETRA · Capital · Negative BofA downgraded RENK to neutral and lowered its target to €42.50 from €62.50.
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Investing.com·10dRead more →
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Wolters Kluwer Brings Libra AI Capabilities Directly Into Poland's LEX Platform

Wolters Kluwer Legal & Regulatory has expanded its integration between LEX, Poland's leading legal information system, and Libra by Wolters Kluwer, its legal AI workspace, by making selected Libra AI capabilities directly available inside LEX through the Libra LEX Add-in. The move follows the earlier integration of LEX trusted legal content into Libra, and now allows Polish legal professionals to move between research, analysis, drafting and case-related work across both platforms without leaving their workflow. Marcin Kleina, Managing Director of Wolters Kluwer Legal & Regulatory Poland & Romania, said legal professionals do not need another standalone AI tool but a connected working environment that moves them seamlessly from research to action. Viktor von Essen, CEO of Libra by Wolters Kluwer, said bringing Libra's AI capabilities directly into LEX creates a two-way experience that lets users move naturally between research, analysis and action. The company described the add-in as the next milestone in its strategy to deliver connected working environments, moving beyond standalone AI tools toward workflow-driven technology. Wolters Kluwer reported 2025 annual revenues of €6.1 billion and employs approximately 21,100 people worldwide.
WKL.AS · Technology · Positive Wolters Kluwer integrated its Libra AI capabilities directly into Poland's LEX platform, expanding its legal AI product offering.
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Business Wire·10dRead more →
Japan
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Forval Reports 67.4% Operating Profit Growth in Q1 of Fiscal Year Ending March 2027

Forval's consolidated results for the first quarter of the fiscal year ending March 2027 showed revenue of 16,865 million yen, up 5.4% year on year, operating profit of 344 million yen, up 67.4%, ordinary profit of 444 million yen, up 80.3%, and quarterly net profit attributable to owners of the parent of 115 million yen, up 79.3%, marking higher revenue and a sharp increase in profit. The company's visualization-based hands-on management support business led by its corporate doctors performed solidly, while electricity services and other operations also contributed to the revenue increase. On the other hand, environmental businesses such as solar power systems were sluggish due to the timing of the launch of subsidy programs. While gross profit rose steadily, selling, general and administrative expenses were kept in check even as the company made investments necessary for its growth strategy, including personnel reinforcement and information processing costs, which led to the sharp rise in operating profit. For the full fiscal year ending March 2027, the company's consolidated forecast is revenue of 77,000 million yen, up 7.7% from the previous fiscal year, operating profit of 4,100 million yen, up 10.1%, ordinary profit of 4,300 million yen, up 6.3%, and net profit attributable to owners of the parent of 2,200 million yen, up 48.9%, leaving its initial forecast unchanged and expecting record highs for revenue, operating profit, and ordinary profit. In June 2026, the company also entered into a business alliance with Chowa Giken, a Hokkaido University-certified AI venture, to provide AI products and services for small and medium-sized enterprises, collaborate on local government digital transformation, develop human resources, and enhance its consulting services.
8275.JP · Capital · Positive Forval reported Q1 revenue up 5.4% and operating profit up 67.4%, with full-year record-high forecasts maintained.
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Gig Works Expands Shareholder Benefit Program, Adds MUGEN FARM Vegetable Set and More

Gig Works announced it will expand its shareholder benefit program. For shareholders holding 1,000 shares or more as of October 31, 2026, in addition to the existing 3,000 yen digital gift, the company will add a 1,000 yen children's gift certificate with a sweets set, and a vegetable set from its next-generation smart farm MUGEN FARM worth 3,000 yen. After the change, shareholders can choose one of three options: the 3,000 yen digital gift, the 1,000 yen children's gift certificate with sweets set, or the vegetable set. In addition, the 20 percent discount coupon usable on the Nihon Chokuhan website, available to shareholders holding 100 shares or more, will continue as before. The expanded shareholder benefits will apply to shareholders as of October 31, 2026.
2375.JP · Capital · Positive Gig Works expands its shareholder benefit program, adding a MUGEN FARM vegetable set and children's gift certificate to reward holders.
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トレーダーズ・ウェブ·11dRead more →
Thailand
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JMT Confirms 9 Billion Baht Cash Collection Target Despite Flood Impact

JMT Network Services Public Company Limited, or JMT, has confirmed its cash collection target for this year at 9 billion baht, even though flooding in Bangkok and surrounding provinces has affected some of its cash collection. Chief Executive Officer Suthirak Traichira-arporn said the impact is only short-term and is expected to take about one month to recover, similar to past flooding in Hat Yai and Chiang Rai. The company has prepared measures to assist affected customers, allowing them to request deferred installments or reduced installment amounts on outstanding balances at their convenience. As for overall operating results in the third quarter of 2026, they are expected to be better than the second quarter of 2026, as there are no seasonal pressures, and the company confirmed that performance has already passed its lowest point in the previous quarter. Meanwhile, bidding to purchase non-performing loans from financial institutions is continuing as normal, currently in the bid submission stage, and has not been affected by the flooding in any way.
JMT.BK · Demand · Positive JMT confirmed its 9 billion baht cash collection target and expects Q3 2026 results to improve over Q2, with NPL bidding continuing normally despite flooding.
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Leidos launches UpHold Effect Agentic SOC Automation for federal cyber teams

Leidos has introduced UpHold Effect Agentic SOC Automation, an agentic AI capability that uses AI agents around the clock to help security operations center teams identify threats requiring immediate action amid a deluge of cyber alerts. The capability is a feature within UpHold Effect, Leidos' offering for agentic cyber response and part of the UpHold product suite, and it works across an organization's existing security tools to investigate alerts, gather information and recommend next steps rather than requiring agencies to replace their existing systems. Customers determine how much authority the AI receives based on mission, risk tolerance and governance requirements, and recommendations and actions create auditable records showing what the AI observed, concluded and proposed or did. A FedRAMP Class D High deployment option is available, and the capability can also provide a pathway toward Department of war Impact Level 4 and 5 environments with appropriate government sponsorship. Steve Hull, president of Leidos Digital, said cyber teams need to keep pace with threats without giving up control, and that the capability can take on more of the investigative workload while giving agencies the flexibility to decide when AI recommends an action and when it is allowed to act. Leidos, headquartered in Reston, Virginia, with 50,000 global employees, reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026.
LDOS · Technology · Positive Leidos launched UpHold Effect Agentic SOC Automation, a new agentic AI cyber capability for federal security operations teams.
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PR Newswire·11dRead more →
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Cintas Posts Record $3.01 Billion Quarter, Raises Fiscal 2027 Guidance

Cintas Corporation reported record quarterly revenue of $3.01 billion, up 10.9%, with organic growth accelerating to 8.9%, adjusted EPS rising 15.8% to $1.39, and adjusted operating margin reaching 23.6%. The company raised its fiscal 2027 revenue guidance to $12.15 billion-$12.27 billion and adjusted EPS guidance to $5.45-$5.54. Truist raised its price target to $230 from $225 with a Buy rating, and UBS raised its target to $235 from $230, though the shares initially fell about 3%. First Aid and Safety posted organic growth of 14.2% while Uniform Rental and Facility Services grew 8%, and gross margin hit an all-time high of 51.5%, up 120 basis points. Cintas is targeting approximately $375 million of operating cost synergies from its $5.5 billion UniFirst acquisition, which it expects to close before the end of calendar 2026 and which is excluded from the fiscal 2027 guidance.
CTAS · Capital · Positive Cintas posted record $3.01B quarterly revenue, 15.8% adjusted EPS growth, and raised fiscal 2027 guidance.
UNF · Capital · Neutral UniFirst is the target of Cintas's $5.5B acquisition expected to close before end of calendar 2026.
TFC · Capital · Positive Truist raised its Cintas price target to $230 from $225 with a Buy rating.
UBSG.SW · Capital · Positive UBS raised its Cintas price target to $235 from $230.
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Insider Monkey·12dRead more →
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Sodexo Proposes Nathalie Bellon-Szabo as Chairwoman to Succeed Sophie Bellon

Sodexo's Board of Directors is proposing the appointment of Nathalie Bellon-Szabo as Chairwoman, subject to the renewal of her mandate at the Annual Shareholders Meeting on December 16, 2026, succeeding Sophie Bellon, who has served as Chairwoman since 2016. Sophie Bellon has decided not to seek renewal of her mandate after leading major strategic transformations over the past decade, including the spin-off and listing of Sodexo's Benefits & Rewards services activity Pluxee and the divestment of Sodexo's stake in Sofinsod; she will now focus on Bellon SA, the family holding company, where she will become Chairwoman of the Management Board, while continuing to serve on Sodexo's Board of Directors subject to renewal of her mandate. Nathalie Bellon-Szabo has dedicated most of her career to Sodexo, has been a member of the Group Executive Team since 2018, and under her leadership Sodexo Live! became one of the global leaders in food services and travel hospitality across sports, leisure and major events, with revenue increasing fourfold over the past ten years, notably through expansion in the United States, which has become its largest market. She has served as a Director of Sodexo since 1989 and sits on both the Nominating Committee and the Sustainability Committee, and has also served as a Director of Pluxee since 2024 and of Bouygues Group since 2025. As non-executive Chairwoman she will step down from her operational responsibilities, leading the work of the Board and supporting executive management, as the Group enters a new chapter with the launch of its Shift & Grow 2030 growth acceleration plan in July 2026.
SW.PA · · Neutral Sodexo proposes a new Chairwoman and its CEO/Chair transition plus the Shift & Grow 2030 plan, a governance change with no clear positive or negative operational driver.
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Yahoo Finance·12dRead more →
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SO partners with Department of Older Persons to hire 30 drivers aged 55–65

Siamrajathanee Public Company Limited, or SO, together with the Department of Older Persons, has launched the "Employment Opportunities for Older Persons" project to promote the employment of older people in response to Thailand's demographic shift toward an ageing society. The initiative begins with a pilot programme recruiting 30 drivers aged 55 to 65, integrating technology and AI to match skills and experience with the needs of organisations. Ms. Kanthima Jangwansuk, Chief Executive Officer of Siamrajathanee Public Company Limited, said the company will establish an employment policy for older persons, prepare readiness plans, and submit available positions to the Department of Older Persons whenever suitable roles arise, drawing on its core expertise in workforce management and outsourced service businesses. Most recently, the company received the "Organisation Promoting Employment and Income for Older Persons Award for 2026" from the Ministry of Social Development and Human Security, and was recognised as an "Outstanding Network for Promoting and Supporting the Advancement of Older Persons' Affairs." Looking ahead, the company plans to expand the project to other career lines, such as service work, clerical work, organisational support, and coordination roles, in order to build a sustainable employment ecosystem for older persons.
SO.BK · Demand · Positive SO launches a project to recruit 30 drivers aged 55-65 and plans to expand into more roles, creating new staffing/outsourced-service business.
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HoonVision·13dRead more →
Thailand
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SO partners with Department of Older Persons to open 30 positions for seniors, boosting ESG in the Social dimension

Siamrajathanee Public Company Limited, or SO, has announced a partnership with the Department of Older Persons to drive measures supporting an ageing society by promoting income and employment for older people. Chief Executive Officer Kantima Jangwansuk said the company will set a policy on employing older workers, prepare readiness plans, and submit job vacancies to the Department of Older Persons whenever suitable positions arise. The company has begun a pilot programme hiring older people as drivers, with 30 positions, before assigning them to work with corporate clients. It is also applying the concepts of flexible work, reskilling and upskilling, as well as technology and AI, to match applicants with suitable positions. Most recently, the company received an award as an organisation promoting employment and income for older persons for the year 2026 from the Ministry of Social Development and Human Security, and was recognised as an outstanding network for promoting and supporting work on older persons. For its next plans, the company is preparing to build on its expertise in outsourcing and workforce management to create an employment ecosystem for older people, and to expand the programme into other career lines such as services, clerical work, organisational support, and coordination.
SO.BK · Demand · Positive SO partners with the Department of Older Persons and opens 30 driver positions for seniors, expanding its outsourcing workforce placement business.
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Kaohoon·13dRead more →
China
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ST Jihua inflated revenue by nearly 10 billion yuan, restating financial reports from 2018 to 2021

ST Jihua announced after market close on September 28 that its board of directors had approved a proposal to correct prior accounting errors and make retrospective adjustments, restating the consolidated financial statements for the years 2018 through 2021. The correction stems from an administrative penalty decision issued by the China Securities Regulatory Commission on July 29, 2026, which found that Jihua Group had inflated operating revenue in its annual reports for 2018, 2019, 2020, and 2021 by 5.098 billion yuan, 2.998 billion yuan, 551 million yuan, and 1.013 billion yuan respectively, representing 22.48 percent, 14.17 percent, 3.68 percent, and 6.54 percent of the operating revenue disclosed for each period. Over the same periods, operating costs were inflated by 5.079 billion yuan, 2.98 billion yuan, 551 million yuan, and 1.013 billion yuan respectively, while the 2020 annual report also understated total profit by 502 million yuan, equivalent to 60.26 percent of the total profit disclosed for that period. The company said the correction will not change the profit or loss nature of the previously disclosed annual financial statements, nor will it cause net assets at the end of 2018 through 2021 to become negative. Tianjian Certified Public Accountants issued a special audit report and assurance report on the same day, and the restated financial statements have been disclosed on the Shanghai Stock Exchange website. In the first half of 2026, the company achieved operating revenue of 2.411 billion yuan, down 24.84 percent year on year, and net profit attributable to shareholders of the listed company was negative 288 million yuan, compared with negative 79 million yuan in the same period last year.
601718.CG · Regulation · Negative CSRC penalty found Jihua inflated revenue by nearly 10 billion yuan across 2018-2021, forcing restatement of financials.
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SO partners with Department of Older Persons to hire 30 drivers aged 55–65

Siamrajathanee Public Company Limited, or SO, has announced a partnership with the Department of Older Persons to drive employment for older workers through the "Opportunities for Older Persons' Employment" project. The initiative begins with a pilot programme recruiting 30 drivers aged 55 to 65, and is set to expand into other career lines such as service work, clerical work, organisational support and coordination roles. Ms. Kanthima Jangwansuk, Chief Executive Officer of Siamrajathanee Public Company Limited, said the company will set an employment policy for older workers, prepare readiness plans and submit available positions to the Department of Older Persons in order to connect older people with job opportunities and income. Drawing on its core expertise in workforce management and outsourced services, the company is also applying the concepts of flexible work, reskilling and upskilling, along with technology and AI, to match skills and experience with suitable positions. Most recently, the company received the 2026 Award for Organisations Promoting Employment and Income for Older Persons from the Ministry of Social Development and Human Security, and was recognised as an outstanding network for promoting and supporting work on older persons, reinforcing its ESG performance on the social dimension.
SO.BK · Demand · Positive SO partners with the Department of Older Persons to recruit 30 drivers aged 55–65 and expand into other roles, creating concrete job-placement/outsourced-service demand.
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Five of Six S&P 500 Firms Beat EPS Estimates as Costco and Cintas Lead Results

Five of the six S&P 500 companies reporting earnings this week topped consensus EPS estimates, with one matching expectations and none missing, while five of the six also expanded profits year over year. Costco Wholesale reported fiscal fourth-quarter net sales up 12% to $95.72 billion, beating estimates by $830 million, with diluted EPS up 15% to $6.57 and global adjusted comparable sales up 6.7%. Cintas posted fiscal first-quarter revenue up 11% year over year to $3.01 billion and adjusted EPS of $1.39, and raised its fiscal 2027 revenue guidance to $12.15 billion to $12.27 billion and adjusted EPS guidance to $5.45 to $5.54. AutoZone reported fiscal fourth-quarter revenue up 5.6% to $6.59 billion with EPS of $56.05, General Mills posted revenue of $4.4 billion and adjusted EPS of $0.75 with full-year EPS guidance of $3.00 to $3.20, and Paychex reported revenue up 6% to $1.63 billion with adjusted EPS of $1.34. Darden Restaurants reported first-quarter revenue of $3.2 billion, missing estimates by $10 million, with fiscal 2027 EPS guidance of $11.10 to $11.35 below the analyst forecast.
COST · Capital · Positive Costco's fiscal Q4 net sales rose 12% to $95.72 billion, beating estimates, with diluted EPS up 15% to $6.57.
CTAS · Capital · Positive Cintas posted fiscal Q1 revenue up 11% to $3.01 billion and adjusted EPS of $1.39, and raised its fiscal 2027 guidance.
DRI · Capital · Negative Darden's Q1 revenue of $3.2 billion missed estimates by $10 million and its fiscal 2027 EPS guidance came in below analyst forecasts.
PAYX · Capital · Positive Paychex reported revenue up 6% to $1.63 billion with adjusted EPS of $1.34, beating estimates.
AZO · Capital · Positive AutoZone reported fiscal Q4 revenue up 5.6% to $6.59 billion with EPS of $56.05, a positive earnings result.
GIS · Capital · Positive General Mills posted revenue of $4.4 billion and adjusted EPS of $0.75 with full-year EPS guidance of $3.00 to $3.20.
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Teleperformance Appoints Benoit Gabelle as CFO as Shares Trade at 9.1x Earnings

Teleperformance has named Benoit Gabelle as Group Chief Financial Officer, with a mandate to modernize finance and focus on shareholder value. The appointment comes as the stock trades at about 9.1x earnings, well below the wider Professional Services sector at 16.9x and the broader peer group at roughly 20.9x. Teleperformance shares have gained 23.8% over the past year and 14.7% year to date, but are down 74.5% over five years. Community narratives on Simply Wall St diverge sharply, with one bull case calling the stock 43% undervalued and a bear case calling it 64% overvalued.
TEP.PA · Capital · Neutral Teleperformance appoints Benoit Gabelle as CFO with a mandate to modernize finance and focus on shareholder value, alongside valuation context (9.1x earnings, bull/bear divergence).
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USS Reports Higher Revenue and Profit for Fiscal Year Ending March 2026, ROE of 20%, Raises Full-Year Forecast

USS reported its full-year results for the fiscal year ending March 2026, posting revenue of 113.8 billion yen, up 9.5% year on year, operating profit of 59.8 billion yen, up 10.4%, and net profit of 41.3 billion yen, up 9.9%, achieving growth in both revenue and profit. Its operating profit margin reached 52.6%, far above the 7.4% median for the services sector. The auto auction business was the main profit driver, generating revenue of 89.7 billion yen, just under 80% of the total, with operating profit of 58.5 billion yen and an operating margin of 65.3% for the segment alone. Alongside its disclosure for the first quarter of the fiscal year ending March 2027, the company raised its full-year forecast, lifting operating profit to 62.6 billion yen from 61 billion yen, up 4.6% year on year. Its equity ratio stood at 76.7%, well above the services sector median of 54.3%, while its ROE came in at 20.1%, nearly double the median of 10.7%. The dividend payout ratio was 61.6%, and share buybacks reduced the number of shares outstanding from 514 million at the end of the previous fiscal year to 474 million.
4732.JP · Capital · Positive USS posted higher revenue and profit for FY ending March 2026 and raised its full-year operating profit forecast.
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Leidos Wins US Army Award Worth Up To $127 Million

Leidos Holdings has picked up a fresh U.S. Army award of up to US$127 million for its ARTEMIS airborne intelligence platform, extending operations in Europe and potentially other regions through 2027. Leidos Holdings shares trade at US$123.61 after a 30 day share price decline of about 10%, though the 90 day share price return of roughly 21% and a 3 year total shareholder return close to 39% suggest longer term momentum has been stronger than the recent pullback. The most followed narrative for Leidos Holdings points to a fair value of $156.60, implying the stock is 21% undervalued against the last close of $123.61, a framework that uses a discount rate of 8.06% and links expected earnings, margin pressure, and contract risk into a single view of future cash flows and required return. That view assumes expected revenue growth of about 5.4% a year and a forecast profit margin near 7.6%. The story could be knocked off course if U.S. federal contract spending slows, or if acquisition integrations drag on profitability and cash generation.
LDOS · Demand · Positive Leidos won a fresh U.S. Army award worth up to $127 million for its ARTEMIS airborne intelligence platform, extending operations through 2027.
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TP Appoints Benoit Gabelle as Group Chief Financial Officer

TP has appointed Benoit Gabelle as Group Chief Financial Officer, effective immediately. Gabelle had served as Interim Group Chief Financial Officer since March 2026, when Jorge Amar was appointed Chief Executive Officer of TP. He joined TP as Group Deputy Chief Financial Officer in 2022, overseeing Financial Reporting and Consolidation, Corporate Accounting, Tax, and Finance Transformation, and supported management on the deployment of unified financial systems, the structuring and integration of Majorel, and more recently the refinancing of the Group and its efficiency program. Before joining TP, he spent 17 years in France and Hong Kong with KPMG and then EY, where he was a Partner specializing in international taxation and transfer pricing. In the role, Gabelle will focus on ensuring the Group's transformation delivers shareholder value, providing strategic and financial support to Operations, modernizing the finance function, and strengthening investor relations and optimizing Group financing, balance-sheet and liquidity. CEO Jorge Amar said Gabelle's confirmation is a well-deserved recognition of the strong leadership he has demonstrated at TP.
TEP.PA · Capital · Positive TP appoints Benoit Gabelle as permanent Group CFO, confirming leadership to drive transformation, financing and shareholder value.
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Cintas Q1 Earnings and Revenue Beat Estimates, Fiscal 2027 Guidance Raised

Cintas Corporation reported first-quarter fiscal 2027 adjusted earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.35 by 3.0% and rising 15.8% from the year-ago quarter, while revenues of $3.01 billion surpassed the consensus estimate of $2.97 billion by 1.3% and grew 10.9% year over year. The top line benefited from 8.9% organic revenue growth, and the quarter delivered record gross and operating margins. Within the company's two reportable segments, Uniform Rental and Facility Services generated revenues of $2.29 billion, up 9.7% year over year, with segment operating income of $575.09 million, while First Aid and Safety Services revenues rose 16.1% to $388.52 million with operating income of $99.54 million; the All Other segment contributed revenues of $330.73 million, up 13.1%. Gross margin expanded to 51.5% from 50.3%, operating margin improved to 23.6% from 22.7%, and net income increased 12.3% to $551.71 million, with $14.41 million of transaction expenses tied to the proposed UniFirst Corporation acquisition. For fiscal 2027, Cintas raised its revenue guidance to $12.15-$12.27 billion from $12.10-$12.25 billion and lifted adjusted earnings per share guidance to $5.45-$5.54 from $5.36-$5.50, excluding expected impacts from the proposed UniFirst acquisition. The company repurchased $315.71 million of common stock and paid $180.70 million in dividends during the quarter, and ended with cash and cash equivalents of $243.60 million.
CTAS · Capital · Positive Cintas beat Q1 estimates on earnings and revenue, expanded margins, and raised fiscal 2027 guidance.
UNF · Capital · Neutral Cintas incurred $14.41 million in transaction expenses tied to its proposed acquisition of UniFirst, a passing mention.
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JMT expects Q4/2026 profit to be the year's best; broker recommends Buy with 13 baht target

ASL Securities said JMT Network Services Public Company Limited, or JMT, reported net profit of 234 million baht in the second quarter of 2026, down 5% QoQ and 3% YoY, on a 30% QoQ decline in JK AMC's profit. Total revenue weakened 3% YoY but recovered 4% QoQ on better debt collection and insurance business. Cash collection was flat at 2.15 billion baht, with JK AMC growing 9% YoY, helping offset a 5% YoY decline in JMT's collection. As a result, first-half 2026 profit stood at 486 million baht, down 15.7% YoY, or 45% of the full-year estimate. The second-half outlook is expected to recover better than the first half of 2026, and the fourth quarter of 2026 has a chance to be the year's best quarter on accelerating collection and rising supply of non-performing loans coming to auction. The company raised its debt purchase budget this year to 2 billion baht from 400-500 million baht a year earlier, after using 1.13 billion baht in the first half of 2026. It is focusing on unsecured loans with an average debt of 100,000 to 300,000 baht per borrower and considering expanding into a digital loan debt portfolio to grow its debt management portfolio toward nearly 600 billion baht. Meanwhile, expected credit losses are seen slowing to about 250-270 million baht per quarter, and JK AMC is expected to gradually recover from the fourth quarter of 2026. The broker maintained its net profit forecasts for 2026-2027 at 1.08 billion baht, up 6.4% YoY, and 1.14 billion baht, up 5.0% YoY. It recommends Buy with an end-2027 target price of 13.00 baht, based on a price-to-book value of 0.76 times, and expects a dividend yield of 5.2% this year.
JMT.BK · Capital · Positive Broker maintains 2026-27 profit forecasts and recommends Buy with a 13.00 baht target price, citing Q4/2026 as potentially the year's best quarter.
JMT.BK · Demand · Positive Company raised its debt purchase budget to 2 billion baht and sees rising supply of NPLs coming to auction, expanding its debt management portfolio toward nearly 600 billion baht.
JK AMC · Capital · Neutral JK AMC's Q2/2026 profit fell 30% QoQ but its cash collection grew 9% YoY and is expected to gradually recover from Q4/2026.
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JMT Q2 2026 profit falls 5% QoQ to 234 million baht

JMT reported net profit of 234 million baht for the second quarter of 2026, down 5% QoQ and 3% YoY, mainly due to a 30% QoQ decline in profit at JK AMC. Total revenue weakened 3% YoY and ECL rose 6.9% YoY, but total revenue recovered 4% QoQ on better debt collection and insurance business. Cash collection was flat at 2.15 billion baht, with JK AMC growing 9% YoY, helping to offset a 5% YoY decline in JMT's own collection. First-half profit came to 486 million baht, down 15.7% YoY and representing 45% of the full-year estimate. The company raised its debt purchase budget this year to 2 billion baht from 400 to 500 million baht last year, having already used 1.13 billion baht in the first half, focusing on unsecured loans with an average debt per borrower of 100,000 to 300,000 baht, and is considering expanding into a digital loan portfolio to grow its debt management portfolio toward 600 billion baht. It maintained its net profit forecasts for 2026 and 2027 at 1.08 billion baht, up 6.4% YoY, and 1.14 billion baht, up 5.0% YoY, respectively. The recommendation is buy with an end-2027 target price of 13.00 baht, based on a PBV of 0.76 times, and a projected dividend yield of 5.2% this year.
JMT.BK · Capital · Negative Q2 2026 net profit fell 5% QoQ and 3% YoY, with H1 profit down 15.7% YoY, driven partly by a 30% QoQ drop at JK AMC.
JK AMC · Capital · Negative JK AMC's profit fell 30% QoQ, the main cause of JMT's profit decline, though its cash collection grew 9% YoY.
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Cintas Tops $3 Billion in Quarterly Revenue, Raises Fiscal 2027 Guidance

Cintas reported its first $3 billion quarter, with total revenue of $3.01 billion, up 10.9% year-over-year, and organic growth of 8.9%. Diluted EPS rose 13.3% to $1.36, while adjusted diluted EPS climbed 15.8% to $1.39, excluding UniFirst transaction-related expenses. Gross margin hit an all-time high of 51.5% of revenue, and operating margin also reached a record 23.6%, with operating income of $711.9 million, up 15.2%. The company raised its fiscal 2027 revenue guidance to $12.15 billion to $12.27 billion, a growth rate of 7.9% to 8.9%, and lifted adjusted diluted EPS guidance to $5.45 to $5.54, a growth rate of 10.3% to 12.1%. Cintas also increased its dividend 15.6% and repurchased $545 million in shares, and said it still expects to close the UniFirst acquisition by the end of calendar 2026, subject to regulatory clearances in the U.S. and Canada.
CTAS · Capital · Positive Cintas posted record Q1 revenue of $3.01B, record margins, and raised fiscal 2027 revenue and EPS guidance.
CTAS · Demand · Positive Organic growth of 8.9% and total revenue up 10.9% reflect strong end-customer demand for its services.
UNF · Capital · Neutral UniFirst is mentioned only as the target of Cintas's pending acquisition, with no standalone development for UniFirst.
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SPIE Issues €500 Million Sustainability-Linked Bond, Plans Early 2028 ORNANE Redemption

SPIE has issued a €500 million sustainability-linked bond tied to its environmental and social commitments, with a 5.5 year term and a 4.875% coupon. The group plans an early redemption of its 2028 ORNANEs, reshaping its debt profile ahead of the original maturity and shifting obligations out to 2030. Proceeds from the new bond are expected to support SPIE's energy, digital and industrial transition projects. The key proof point to watch is how net debt evolves by the October 22, 2026 early redemption date for the remaining ORNANEs, including whether SPIE uses operating cash flow to bring leverage down rather than simply rolling obligations into fresh borrowings. SPIE, a €7.6b Commercial Services group headquartered in GB, focuses on multi-technical services that keep energy and communications infrastructure running in France, Germany, the Netherlands and other markets.
SPIE.PA · Capital · Positive SPIE issued a €500M sustainability-linked bond and plans early redemption of its 2028 ORNANEs, reshaping its debt profile out to 2030.
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Cintas Raises Fiscal 2027 Outlook After Record First Quarter

Cintas reported record fiscal 2027 first-quarter revenue of $3.01 billion, up 10.9% year over year and the first time the company has topped $3 billion in quarterly revenue, with organic growth of 8.9% and adjusted diluted EPS of $1.39, up 15.8%. Gross margin reached a record 51.5% and operating margin a record 23.6%, while operating income rose 15.2% to $711.9 million. Within the segments, First Aid and Safety Services led organic growth at 14.2%, followed by Uniform Direct Sale at 9.6%, Fire Protection Services at 9.2% and Uniform Rental and Facility Services at 8.0%. Cintas raised its fiscal 2027 revenue outlook to $12.15 billion to $12.27 billion from a prior range of $12.10 billion to $12.25 billion, and lifted adjusted diluted EPS guidance to $5.45 to $5.54 from $5.36 to $5.50. The company also increased its regular quarterly dividend by 15.6% and had repurchased $545 million of shares through the date of the call, while CEO Todd Schneider said the proposed UniFirst acquisition remains subject to regulatory clearance in the U.S. and Canada and is expected to close by the end of calendar 2026.
CTAS · Capital · Positive Cintas reported record Q1 revenue and EPS, raised fiscal 2027 revenue and EPS guidance, lifted its dividend 15.6%, and repurchased $545 million of shares.
UNF · Capital · Neutral Cintas' proposed acquisition of UniFirst remains subject to regulatory clearance in the U.S. and Canada, with closing expected by end of calendar 2026.
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Cintas Q1 Revenue Tops Estimates at $3.01 Billion, EPS Beats at $1.39

Cintas reported fiscal first-quarter revenue of $3.01 billion, up 10.9% from a year earlier and ahead of the Zacks Consensus Estimate of $2.97 billion, while earnings per share came in at $1.39 versus a consensus estimate of $1.35. The revenue surprise was +1.58% and the EPS surprise +2.96%, compared with year-ago EPS of $1.20. Within the quarter, Uniform Rental and Facility Services revenue was $2.29 billion against a four-analyst average estimate of $2.27 billion, First Aid and Safety Services revenue was $388.52 million versus an estimated $378.23 million, and All Other revenue was $330.73 million versus an estimated $321.25 million. Operating income for Uniform Rental and Facility Services was $575.09 million against an estimated $560.82 million, First Aid and Safety Services operating income was $99.54 million versus an estimated $95.35 million, and All Other operating income was $51.67 million compared with an estimated $42.36 million. Cintas shares have returned -2.9% over the past month against a +1.3% change for the Zacks S&P 500 composite, and the stock carries a Zacks Rank #3 (Hold).
CTAS · Capital · Positive Cintas beat Q1 revenue and EPS estimates, with revenue up 10.9% and EPS of $1.39 topping consensus.
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Cintas Q1 Earnings and Revenues Beat Zacks Estimates

Cintas reported quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.35 per share and up from $1.2 per share a year ago, an earnings surprise of +2.96%. The uniform rental company posted revenues of $3.01 billion for the quarter ended August 2026, surpassing the Zacks Consensus Estimate by 1.58% and up from year-ago revenues of $2.72 billion. Cintas has topped consensus EPS and revenue estimates four times over the last four quarters, and ahead of the release its estimate revisions trend was mixed, translating into a Zacks Rank #3 (Hold). The current consensus EPS estimate is $1.35 on $3.02 billion in revenues for the coming quarter and $5.49 on $12.19 billion in revenues for the current fiscal year. Cintas shares have added about 5.7% since the beginning of the year versus the S&P 500's gain of 13.4%.
CTAS · Capital · Positive Cintas beat Zacks consensus on both Q1 EPS ($1.39 vs $1.35) and revenues ($3.01B vs estimate), with earnings up from $1.20 a year ago
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Driven Brands Sets $100 Million Buyback, Targets 2-3x Leverage

Driven Brands Holdings unveiled a $100 million share buyback authorization and a long-term net leverage target of 2 to 3 times adjusted EBITDA on September 15, its first real capital return move in years. The company said it expects to end the third quarter of 2026 at 3.0 times leverage, a full quarter ahead of schedule, down from 5.0 times in 2023, and CEO Danny Rivera framed the shift as entering a new phase focused on deploying capital to support growth, maintaining financial flexibility and enhancing shareholder value. The repurchase authorization equals roughly 5% of market capitalization and will be funded from existing cash and ongoing cash flow rather than new borrowing, according to CFO Mike Diamond. Growth investment continues, with Take 5 same-store sales up 3.6% in the second quarter for a 24th consecutive quarter of growth, and the company closed the quarter with $855 million in total liquidity, including $184 million in cash and $671 million of undrawn credit capacity. Still, total company same-store sales rose just 1.4% in the second quarter while Franchise Brands managed only 0.5%, adjusted EBITDA fell 7% year over year to $107.0 million on $11.8 million of non-recurring restatement costs that could reach $45 million for the full year, and adjusted net income slipped to $48.2 million from $48.9 million even as revenue climbed 6.8%. Driven Brands has guided full-year 2026 adjusted EBITDA to the low end of its $430 million to $460 million range, citing pressure on lower-income consumers and the conflict in the Middle East, while short interest sits at 15.32% of float and the stock trades at a forward P/E of 8.42 as of September 22.
DRVN · Capital · Neutral Unveils $100M buyback and 2-3x leverage target, but also guides FY2026 EBITDA to low end amid weak same-store sales and restatement costs.
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Boyd Group Tops $1 Billion in Quarterly Revenue as Net Earnings Fall to $1.3 Million

Boyd Group Services reported second-quarter revenue of $1,013.7 million, up 29.9% and past the $1 billion quarterly threshold for the first time, while net earnings fell to $1.3 million from $5.4 million a year earlier. Adjusted EBITDA rose 44.9% to $135.9 million and adjusted EBITDA margin expanded to 13.4% from 12.0%, with gross margin at 47.4% versus 46.8%. Same-store sales grew 2.9%, reversing a 2.1% decline a year earlier, and Boyd completed the conversion of all 258 Joe Hudson's locations during the quarter. The company realized $15 million of incremental savings in the quarter through Project 360 and integration efforts, totaling $35 million for the first half of 2026, and raised its full-year savings target to $65 million from $50 million, while debt leverage improved to 2.8 times from 3.1 times at year-end 2025. Management attributed the profit decline to elevated depreciation and amortization tied to new facility growth and higher financing costs from the Joe Hudson's acquisition, and warned that temporary sales disruptions from location conversions spilled into the third quarter.
BGSI · Capital · Neutral Q2 revenue topped $1B and adjusted EBITDA rose 44.9%, but net earnings fell to $1.3M on higher D&A and financing costs from the Joe Hudson's acquisition.
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SO launches MOBIX platform for managing people and vehicles, boosting technology business revenue

Siamrajathanee Public Company Limited, or SO, has launched the MOBIX application, a comprehensive platform for managing people, vehicles, and off-site work. Ms. Kanthima Jangwansuk, Chief Executive Officer, said this extends the company's expertise in managing people and vehicles into the technology business. MOBIX links personnel data, vehicles, and work processes in a single system, covering route and driving behavior tracking, field data collection such as Trip Notes, Activity Log, and Driver Score, as well as managing fuel receipts through Optical Character Recognition (OCR). The company believes MOBIX meets the needs of organizations with employees, vehicles, or teams spread across multiple locations, and can be deployed in a single department first before expanding across the entire organization. For the technology solutions business, the company assesses high growth potential, with a revenue structure comprising continuous membership fees, or Subscription Recurring Revenue, and revenue from installation, development, and expansion projects within organizations, in line with SO's goal of transitioning into a Strategic Operations Partner.
SO.BK · Technology · Positive SO launched the MOBIX platform, extending its people and vehicle management expertise into the technology business with recurring subscription revenue.
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SO launches MOBIX, a platform that manages people, vehicles, and field work all in one system

Siamrajathanee Public Company Limited, or SO, has launched MOBIX, a platform that provides end-to-end management of people, vehicles, and field work, linking personnel data, vehicles, and work processes together in a single system, with tracking of routes and driving behaviour from field locations. Ms. Kanthima Jangwansuk, Chief Executive Officer, said the platform stores key operational data, such as customer visits through Trip Notes, Activity Log, Driver Score, and the management of fuel receipts using Optical Character Recognition, or OCR, so that organisations can analyse costs and improve management efficiency more precisely. The development of MOBIX also meets the needs of organisations whose employees, vehicles, or teams are spread across multiple locations, and it can be deployed within a single unit first before expanding to the management of people, vehicles, locations, or other companies within the business group. The company's technology solutions business has a diverse revenue structure, comprising continuous membership revenue, or Subscription Recurring Revenue, and revenue from installation and development projects, as well as the expansion of usage within organisations, in line with the direction of transitioning from an Outsourcing Service Provider to a Strategic Operations Partner.
SO.BK · Technology · Positive SO launched MOBIX, a new platform for end-to-end management of people, vehicles, and field work, expanding its technology solutions offering.
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