Market Overview

Cintas: Q1 Earnings Insights

Share:

Shares of Cintas (NASDAQ:CTAS) rose 3.2% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 19.83% over the past year to $2.78, which beat the estimate of $2.13.

Revenue of $1,747,000,000 decreased by 3.53% from the same period last year, which beat the estimate of $1,700,000,000.

Outlook

Q2 EPS expected to be between $2.00 and $2.20.

Q2 revenue expected between $1,725,000,000 and $1,750,000,000.

Conference Call Details

Date: Sep 23, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/vi8vf9kw

Technicals

52-week high: $344.97

Company's 52-week low was at $154.33

Price action over last quarter: Up 13.09%

Company Overview

In its core uniform and facility services unit (81% of sales), Cintas provides uniform rental programs to businesses across the size spectrum, mostly in North America. The firm is by far the largest provider in the industry. Facilities products generally include the rental and sale of entrance mat, mops, shop towels, and restroom supplies. Cintas also runs a first aid and safety services business (10% of sales), a fire protection services business (6% of sales), and a uniform direct sales business (4% of sales).

 

Related Articles (CTAS)

View Comments and Join the Discussion!

Posted-In: Earnings News