Cintas Corp

CTAS

Equity

ISIN US1729081059 / Valor 918495

NASDAQ (2024-09-13)

USD 207.77+0.85%

Cintas Corp
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About company

Cintas Corp is a Fortune 500 company that provides a wide range of products and services, including uniform rental, facility services, and first aid and safety solutions. The company recently made its largest acquisition to date, G&K Services, which significantly increased its rental revenue. With annual revenue surpassing $5 billion, Cintas continues to expand its business operations and partnerships. In response to the COVID-19 pandemic, the company launched the Total Clean Program to help combat the spread of the virus. Additionally, Cintas has a national partnership with the American Diabetes Association® (ADA) and has made strategic decisions to divest certain business operations to focus on core areas of growth.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

Cintas Corp's total revenue for the three months ended May 31, 2024, was $2,470,935,000, reflecting an 8.2% increase from the $2,284,471,000 reported in the same period of the previous year. This growth was driven by a 7.8% increase in uniform rental and facility services revenue and a 9.5% increase in other revenue.

Operating Income

For the three months ended May 31, 2024, Cintas Corp reported an operating income of $547,594,000, a 16.3% increase compared to $470,798,000 in the same quarter of the previous year. This improvement was primarily due to higher revenue and effective cost management.

Net Income

Cintas Corp's net income for the three months ended May 31, 2024, was $414,315,000, up 19.7% from $346,201,000 in the same period of the previous year. The increase in net income was supported by higher operating income and a favorable interest income/expense balance.

Earnings Per Share

For the three months ended May 31, 2024, Cintas Corp reported basic earnings per share of $4.06 and diluted earnings per share of $3.99. This represents a 19.8% increase from the basic earnings per share of $3.39 and diluted earnings per share of $3.33 reported in the same quarter of the previous year.

Annual Revenue

For the twelve months ended May 31, 2024, Cintas Corp's total revenue was $9,596,615,000, an 8.9% increase from $8,815,769,000 in the previous year. This growth was driven by an 8.2% increase in uniform rental and facility services revenue and an 11.1% increase in other revenue.

Summarized from source with an LLMView Source

Key figures

-59.6%1Y

-48.9%3Y

-15.8%5Y

Performance

140%1Y

82.9%3Y

69.1%5Y

Volatility