Last $71.99 USD
Change Today -0.78 / -1.07%
Volume 113.2K
GK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

g & k services inc -cl a (GK) Snapshot

Open
$72.82
Previous Close
$72.77
Day High
$73.05
Day Low
$71.98
52 Week High
02/9/15 - $73.57
52 Week Low
05/1/14 - $46.55
Market Cap
1.4B
Average Volume 10 Days
111.5K
EPS TTM
$2.93
Shares Outstanding
19.9M
EX-Date
03/3/15
P/E TM
24.5x
Dividend
$1.24
Dividend Yield
9.95%
Current Stock Chart for G & K SERVICES INC -CL A (GK)

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g & k services inc -cl a (GK) Details

G&K Services, Inc. provides branded uniform and facility services programs in the United States, Canada, and the Dominican Republic. The company’s facility services programs comprise floor mat offerings, including traction control, logo, message, scraper, and anti-fatigue; towel products, such as shop, kitchen, bar, bath, dish, continuous roll, and microfiber; dust, microfiber, and wet mops; fender covers; linen items; and restroom hygiene products. It also manufactures work apparel garments that are used to support garment rental and direct purchase programs. The company serves customers in various industries comprising automotive, warehousing, distribution, transportation, energy, manufacturing, food processing, pharmaceutical, retail, restaurants, hospitality, government, healthcare, and others. G&K Services, Inc. was founded in 1902 and is headquartered in Minnetonka, Minnesota.

7,800 Employees
Last Reported Date: 08/21/14
Founded in 1902

g & k services inc -cl a (GK) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $667.3K
Senior Vice President of US Field
Total Annual Compensation: $420.6K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $309.2K
Compensation as of Fiscal Year 2014.

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

G&K Services Inc. Presents at Baird Business Solutions Conference, Feb-24-2015 02:25 PM

G&K Services Inc. Presents at Baird Business Solutions Conference, Feb-24-2015 02:25 PM. Venue: The Pierre Hotel, 2 East 61st Street, New York, New York, United States. Speakers: Douglas A. Milroy, Chairman and Chief Executive Officer, Tracy C. Jokinen, Chief Financial Officer.

G&K Services Declares Regular Quarterly Cash Dividend, Payable on March 20, 2015

G&K Services Inc. announced that its board of directors has declared a quarterly dividend of $0.31 per share. The dividend will be payable on March 20, 2015 to shareholders of record at the close of business on March 5, 2015.

G&K Services Inc. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended December 27, 2014; Revises Earnings Guidance for the Fiscal 2015

G&K Services Inc. announced unaudited consolidated earnings results for second quarter and six months ended December 27, 2014. For the quarter, the company reported rental and direct sales revenue of $237,309,000, income from continuing operations of $28,624,000, income from continuing operations before income taxes of $26,701,000, net income from continuing operations of $16,953,000 or $0.83 per diluted share, net income of $16,953,000 or $0.83 per diluted share compared to the rental and direct sales revenue of $225,919,000, income from continuing operations of $27,696,000, income from continuing operations before income taxes of $26,130,000, net income from continuing operations of $16,343,000 or $0.81 per diluted share, net income of $7,920,000 or $0.39 per diluted share for the same quarter a year ago. Operating income from continuing operations grew driven both by revenue growth and continued margin expansion. For the six months period, the company reported rental and direct sales revenue of $467,551,000, income from continuing operations of $55,474,000, income from continuing operations before income taxes of $51,756,000, net income from continuing operations of $33,321,000 or $1.64 per diluted share, net income of $33,321,000 or $1.64 per diluted share, net cash provided by operating activities of $48,015,000, compared to the rental and direct sales revenue of $446,142,000, income from continuing operations of $51,265,000, income from continuing operations before income taxes of $48,118,000, net income from continuing operations of $29,953,000 or $1.49 per diluted share, net income of $21,741,000 or $1.07 per diluted share, net cash provided by operating activities of $15,622,000 for the same period a year ago. The increased operating cash flow was primarily due to improved working capital management, higher net income, and lower income tax payments. Capital expenditures was $25.6 million, compared to $15.0 million in the prior year, as the company increased investments in capacity expansion and information technology. The company continues to expect full year fiscal 2015 revenue in a range of $930 to $950 million, as organic growth continues to be partially offset by the impact of a lower exchange rate for the Canadian dollar. Based on year-to-date performance, the company is increasing the lower-end of its full-year earnings guidance to a range of $3.20 to $3.30 per diluted share, up from the previously announced range of $3.15 to $3.30. The company tracking CapEx to about $50 million in 2015. The company will slightly reduce interest expense in the coming quarters.

 

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GK

Industry Average

Valuation GK Industry Range
Price/Earnings 24.5x
Price/Sales 1.5x
Price/Book 3.7x
Price/Cash Flow 24.2x
TEV/Sales 1.3x
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