G&K Services, Inc. (GKSR) news stock charts
G&K Services, Inc. (GKSR) Investment Summary:
G&K Services, Inc., founded in 1902 and currently headquartered in Minnetonka, Minnesota, is a market leader in providing branded identity apparel and facility services programs that enhance image and safety in the workplace. We serve a wide variety of North American industries including automotive, warehousing, distribution, transportation, energy, manufacturing, food processing, pharmaceutical, semi-conductor, retail, restaurants and hospitality, and many others providing them with rented uniforms and facility services products such as floor mats, dust mops, wiping towels, restroom supplies and selected linen items. We also sell uniforms and other apparel items to customers in our direct sale programs. The existing North American rental market is approximately $7.0 billion, while the existing portion of the direct sale market targeted by us is approximately $5.0 billion. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f08%2f29%2f0000950134-07-019176.html#FIS_BUSINESS"G & K SERVICES INC -CL A (GKSR:NASDAQ)
Snapshot of G & K SERVICES INC -CL A (GKSR)
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OPEN
$28.03
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PREVIOUS CLOSE
$27.84
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DAY HIGH
$28.03
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DAY LOW
$27.03
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52 WEEK HIGH
03/17/10 - $28.33
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52 WEEK LOW
03/25/09 - $17.97
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MARKET CAP
505.1M
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AVERAGE VOLUME 10 D
44.2K
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EPS TTM
$1.25
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SHARES OUTSTANDING
18.6M
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EX-DATE
03/2/10
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P/E TTM
21.8x
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DIVIDEND
$0.30
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DIVIDEND YIELD
1.08%
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| K = Thousands M = Millions B = Billions | ||
Key developments for G & K SERVICES INC -CL A (GKSR)
G&K Services Inc. announced that it has reached a settlement with Connecticut's Department of Environmental Protection regarding allegations involving its Waterbury, Connecticut industrial laundry operations. This settlement relates to a previously disclosed matter dating back to 2008 regarding alleged failure by the company to properly permit and operate installed air pollution control equipment. The amount of the financial settlement is within previously established reserves and will not impact the company's third quarter earnings. The company cooperated fully with the DEP to resolve this matter. Nonetheless, G&K disagrees with many of the substantive characterizations and other allegations made related to this settlement. The agreed-upon settlement amount is based, in large part, on hypothetical worst case scenarios of potential emissions, rather than any actual emissions from the facility. As such, there is no actual evidence of harm involving G&K's Waterbury operations. G&K continues its operations, serving customers in Waterbury and the surrounding communities, consistent with its commitment to the health and well-being of its employees, customers and the communities it serves.
G&K Services Inc. announced that the company has declared a quarterly dividend of $0.075 per share payable in cash on March 18, 2010 to shareholders of record at the close of business on March 4, 2010.
G&K Services Inc. reported cash flow for the second quarter ended December 26, 2009. For the quarter, cash flow from operations was $27.1 million and free cash flow was $23.9 million. The company provided capital expenditure guidance for fiscal 2010. The company is targeting capex probably in the low $20 million range between $20 million and $25 million.
G&K Services, Inc. financial resources
GKSR Competitors
| Company | Last | Change |
| Cintas Corp | $28.13 USD | +0.34 |
| Superior Uniform Group Inc | $9.90 USD | +0.05 |
| Unifirst Corp/MA | $54.34 USD | +0.22 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | GKSR | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.6x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.3x |
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GKSR |
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GKSR transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About G&K Services, Inc.
G&K Services Announces Its Lion Uniform Group Wins 2010 Premier Uniform Industry Awards
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G&K Services Announces Its Lion Uniform Group Wins 2010 Premier Uniform Industry Awards
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G&K Services to Present at Upcoming Deutsche Bank Small and Mid Cap Conference
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G&K Services to Present at Upcoming Credit Suisse Investor Conference
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G&K Services to Present at Upcoming Baird Investor Conference
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G&K Services Resolves 2008 Environmental Matter
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G&K Services to Present at Upcoming Baird Investor Conference
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G&K Services Resolves 2008 Environmental Matter
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G&K Services to Present at Upcoming Credit Suisse Investor Conference
Read article
G&K Services to Present at Upcoming Deutsche Bank Small and Mid Cap Conference
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G&K Services Receives Sixth Consecutive "50 Best Employers" Award in Canada
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G&K Services Announces Webcast for Fiscal 2010 Second Quarter Results
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G&K Services Announces Webcast for Fiscal 2010 Second Quarter Results
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G&K Services Receives Sixth Consecutive "50 Best Employers" Award in Canada
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G&K Services Declares Regular Cash Dividend
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G&K Services to Present at Upcoming J.P. Morgan Investor Conference
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