Last $55.26 USD
Change Today +0.29 / 0.53%
Volume 83.5K
GK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 12:40 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

g & k services inc -cl a (GK) Key Developments

G&K Services Inc. Announces Executive Changes

G&K Services Inc. announced that Douglas A. Milroy, the company's Chief Executive Officer, has also been appointed Chairman of its Board of Directors, effective immediately. Mr. Milroy has served as a member of the Board since 2009. Mr. Milroy will succeed M. Lenny Pippin, who has served as Chairman since 2009. Mr. Pippin will become the Board's independent Lead Director. In addition to these changes, the Board also appointed Ernest J. Mrozek to the Board's Governance Committee. Mr. Mrozek has served on G&K's Board since 2005 and is also a member of the Audit Committee.

G&K Services Inc. Declares Quarterly Dividend, Payable on September 26, 2014

G&K Services Inc. announced that its Board of Directors has declared a quarterly dividend of $0.31 per share, an increase of 15% from its previous quarterly dividend rate of $0.27 per share. The dividend will be payable on September 26, 2014 to shareholders of record at the close of business on September 11, 2014.

GandK Services Announces Earnings Results for the Fourth Quarter of 2014

GandK Services announced earnings results for the fourth quarter of 2014. For the period, the company declared revenue of USD 229.7 million, up 4.7% from USD 219.4 million a year ago. The company reported an adjusted operating income from continuing operations of USD 26 million, an increase of 13% compared to the previous year. GandK Services attributed the gains to productivity improvements in its rental operations and increased operating leverage from revenue growth.

G&K Services, Inc. Introduces New Line of Vented Flame Resistant Uniforms and FR Knit Garments

G&K Services Inc. has introduced a new line of vented flame resistant (FR) uniforms, as well as FR knit garments, providing cooler, more comfortable options for companies to outfit their workforce in flame resistant clothing. G&K's new vented FR uniforms also feature enhanced visibility striping, offering added protection and safety for employees operating in limited light conditions. G&K's FR vented enhanced visibility coveralls and work shirts are made with lightweight 4.5 ounce GlenGuard(R) FR fabric. They feature two flame resistant mesh vents on the back, along with under arm vents for improved air flow. The new FR knit garments are manufactured with a moisture wicking fabric which provides more breathability for the wearer. These new products are available now for G&K's customers in the United States.

G&K Services Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Fiscal Year Ended June 28, 2014; Provides Earnings Guidance for the Fiscal Year of 2015

G&K Services Inc. reported unaudited consolidated earnings results for the fourth quarter and fiscal year ended June 28, 2014. For the quarter, the company reported total revenues of $229,681,000 against $219,411,000 a year ago. Income from continuing operations was $26,776,000 against $21,440,000 a year ago. Income from continuing operations before income taxes was $25,163,000 against $19,850,000 a year ago. Net income from continuing operation available to common stockholders was $15,721,000 or $0.78 per diluted share against $12,529,000 or $0.63 per diluted share a year ago. Net income available to common stockholders $15,721,000 or $0.78 per diluted share against $8,023,000 or $0.40 per diluted share a year ago. Adjusted operating income was $25,986,000 against $22,996,000 a year ago. Adjusted net income was $15,222,000 or $0.76 per diluted share against $13,543,000 or $0.68 per diluted share a year ago. For the year, the company reported total revenues of $900,869,000 against $866,018,000 a year ago. Income from continuing operations was $96,115,000 against $84,005,000 a year ago. Income from continuing operations before income taxes was $89,795,000 against $79,152,000 a year ago. Net income from continuing operation available to common stockholders was $56,065,000 or $2.78 per diluted share against $50,506,000 or $2.58 per diluted share a year ago. Net income available to common stockholders $47,672,000 or $2.36 per diluted share against $46,720,000 or $2.38 per diluted share a year ago. Net cash provided by operating activities was $74,636,000 against $112,099,000 a year ago. Capital expenditure was $32,776,000 against $35,524,000 a year ago. Adjusted operating income was $99,833,000 against $85,561,000 a year ago. Adjusted net income was $58,349,000 or $2.90 per diluted share against $51,520,000 or $2.63 per diluted share a year ago. The company expects to drive continued performance gains in fiscal year 2015, with revenue in the range of $930 million to $950 million and earnings per diluted share between $3.10 and $3.25. Effective tax rate should be similar to 2014, which is around 38%, and the company expected full year diluted share count of approximately 20.1 million shares.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
GK:US $55.26 USD +0.29

GK Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for GK.
View Industry Companies
 

Industry Analysis

GK

Industry Average

Valuation GK Industry Range
No financial data is available for GK.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact G & K SERVICES INC -CL A, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.