Cintas Q4 Earnings Top Estimates

  • Cintas Corp CTAS reported fourth-quarter FY22 sales growth of 13% year-on-year to $2.07 billion, beating the consensus of $2.01 billion.
  • The organic revenue growth rate was 12.7% for the quarter. The organic revenue growth rates for the Uniform Rental and Facility Services and First Aid and Safety Services reportable operating segments were 10.5% and 15.1%, respectively.
  • The gross margin contracted by 120 basis points Y/Y to 45.6% in the quarter.
  • Selling and administrative expenses were $541.75 million. Operating income increased 13.5% to $404.4 million, while the operating margin expanded by 10 basis points to 19.5%.
  • EPS of $2.81 beat the analyst consensus of $2.67.
  • The company held $90.47 million in cash and equivalents as of May 31, 2022.
  • Outlook: Cintas sees FY23 revenue of $8.47 billion - $8.58 billion, above the consensus of $8.33 billion.
  • The company expects FY23 EPS of $11.90 - $12.30 versus the consensus of $12.24.
  • Price Action: CTAS shares are trading higher by 1.33% at $382.60 on the last check Thursday.
CTAS Logo
CTASCintas Corp
$208.40-0.64%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
82.75
Growth
59.86
Quality
88.79
Value
4.83
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise

Posted In:
Comments
Loading...