Core Insights - Cintas reported better-than-expected profit and sales, with revenue reaching an all-time high of $2.47 billion, up 8.2% year-over-year [1][2] - The company provided strong fiscal 2025 guidance, anticipating adjusted EPS between $16.25 and $16.75, and sales between $10.16 billion and $10.31 billion [3] - Cintas shares have increased approximately 30% this year, reaching record levels following the positive earnings report [1][3] Financial Performance - For fiscal 2024 fourth-quarter, Cintas posted adjusted EPS of $3.99, exceeding forecasts [2] - Revenue growth was attributed to acquiring new customers, increased sales to existing customers, and supply chain improvements [2] Strategic Outlook - CEO Todd Schneider emphasized strong customer retention and confidence in the company's strategy moving forward [2][3] - The company is focused on reducing inefficiencies within its operations to enhance profitability [2]

Core Insights - Cintas Corporation reported strong financial performance for fiscal 2024, with earnings per share of $3.99, exceeding the Zacks Consensus Estimate of $3.80, and a year-over-year increase of 19.8% [12] - Total revenues reached $2.47 billion, slightly above the consensus estimate of $2.46 billion, marking an 8.2% increase year over year, driven by higher segmental revenues [12] - The company expects fiscal 2025 revenues to be between $10.16 billion and $10.31 billion, with a midpoint of $10.235 billion, which is below the Zacks Consensus Estimate of $10.25 billion [7] Financial Performance - Cintas' cash and cash equivalents at the end of fiscal 2024 were $342 million, up from $124.1 million at the end of fiscal 2023, while long-term debt decreased to approximately $2.03 billion from $2.49 billion [2] - The cost of sales increased by 5% year over year to $1.3 billion, representing about 50.8% of net sales, while gross profit rose 11.6% to $1.2 billion, resulting in a gross margin of 49.2%, up from 47.7% in the previous year [4] - Selling and administrative expenses totaled $667.9 million, reflecting an 8.1% increase from the previous year, and represented 27% of net sales [5] Cash Flow and Shareholder Returns - Cintas generated net cash of $2.1 billion from operating activities, a 32.8% increase from the previous year, with capital expenditures totaling $307.6 million, up 30.2% year over year [6] - Free cash flow increased by 31.9% year over year to $1.7 billion, with share repurchases amounting to $700 million compared to $398.9 million in the prior year [6] - Dividend payments totaled $530.9 million, reflecting an approximate 18% year-over-year increase [6] Segment Performance - Revenues from the Uniform Rental and Facility Services segment, which accounted for 77.3% of net sales, totaled $1.9 billion, up 7.8% year over year [13] - Revenues from the First Aid and Safety Services segment, representing 11.3% of net sales, reached $277.6 million, an increase of 11.2% year over year [14] - Revenues from All Other businesses, which accounted for 11.4% of net sales, totaled $282.1 million, reflecting a 10.2% year-over-year increase [3] Guidance and Expectations - For fiscal 2025, Cintas anticipates earnings per share in the range of $16.25 to $16.75, with a midpoint of $16.5, which is above the consensus estimate of $16.4 per share [7] - Interest expenses are projected to be approximately $106 million, an increase from $95 million in fiscal 2024, with an expected effective tax rate of 20.4%, consistent with fiscal 2024 [8]

Cintas Corporation (NASDAQ:CTAS) Q4 2024 Results Conference Call July 18, 2024 10:00 AM ET Company Participants Jared Mattingley - VP and Treasurer, IR Todd Schneider - President and CEO Mike Hansen - EVP and CFO Conference Call Participants Joshua Chan - UBS Heather Balsky - Bank of America Andy Wittmann - R.W. Baird George Tong - Goldman Sachs Tim Mulrooney - William Blair Andrew Steinerman - JPMorgan Jasper Bibb - Truist Securities Manav Patnaik - Barclays Scott Schneeberger - Oppenheimer Adam Parrington ...

Core Viewpoint - Cintas Corporation (NASDAQ:CTAS) has reported strong Q2 earnings, leading to a positive outlook for the stock, which is expected to continue its upward trajectory despite potential economic challenges [1][5]. Valuation and Growth - The stock is currently viewed as having a stretched valuation, suggesting that new investments should wait for a price correction before buying [6]. - Cintas reported fiscal Q4 revenue of $2.47 billion, an increase of 8.2% from $2.28 billion a year ago, and $60 million higher than the previous quarter [7]. - Organic revenue growth was reported at 7.5%, indicating strong underlying business performance [7]. Margin Expansion - Gross margin increased to $1.22 billion, up 11.6% from $1.09 billion a year ago, with a gross margin percentage of 49.2%, up 150 basis points from 47.7% [8]. - Operating income rose 16.3% to $547.6 million, with operating margins expanding to 22.2%, an increase of 160 basis points from the previous year [8]. Cash Flow and Shareholder Returns - Cash flow from operating activities reached $2.08 billion, a 30% increase from $1.60 billion last year [9]. - Cintas paid cash dividends of $530.9 million, an 18.0% increase over the previous year, and repurchased 1,623,870 shares at an average price of $609.04, totaling $1.0 billion [9]. Future Outlook - For fiscal 2025, management expects revenue between $10.16 billion and $10.31 billion, representing a growth of 5.9% to 7.4% [10]. - The company anticipates organic revenue growth of 6.4% to 8.0%, with potential for further growth through acquisitions [10]. - The EPS guidance is set at $16.50 at the midpoint, indicating a high valuation at 46X, but consistent growth and share repurchases are expected to support this valuation [10].

CTAS $756.62 ▼ Dividend Yield 0.71% Add to Watchlist That's why the company will split its shares this fall: the current high share prices and the potential for another triple-digit gain. Persistent business trends drive its share price, including healthy, resilient labor markets and an improving outlook for easing economic headwinds through lower interest rates. Investors looking to ride the Cintas wave can buy in now, wait to see if a dip forms after the split, and buy more later. Cintas had a mixed quart ...

Shares of Cintas have returned +1.2% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. The reported revenue represents a surprise of +0.23% over the Zacks Consensus Estimate of $2.47 billion. With the consensus EPS estimate being $3.80, the EPS surprise was +5.00%. Total Revenue- Uniform Rental and Facility Services: $1.91 billion versus $1.91 billion estimated by six ...

While Cintas has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. It will be interesting to see how estimates for th ...

FOR IMMEDIATE RELEASE July 18, 2024 Gross margin for the fourth quarter of fiscal 2024 was $1,215.4 million compared to $1,088.8 million in last year's fourth quarter, an increase of 11.6%. Gross margin as a percentage of revenue was 49.2% for the fourth quarter of fiscal 2024 compared to 47.7% in last year's fourth quarter, an increase of 150 basis points. For the fiscal year ended May 31, 2024, revenue was $9.60 billion compared to $8.82 billion for fiscal 2023, an increase of 8.9%. Operating income for f ...

Cintas Corporation (CTAS) is scheduled to release fourth-quarter fiscal 2024 (ended May 31, 2024) results on Jul 18, before market open. Let's see how things have shaped up for Cintas' fiscal fourth-quarter earnings. A strong demand environment and the introduction of additional products and services to customers are expected to have driven the Uniform Rental and Facility Services segment's performance in the fiscal fourth quarter. Also, improving operational productivity and effective pricing actions are l ...

Have you been paying attention to shares of Cintas (CTAS) ? Shares have been on the move with the stock up 3.8% over the past month. The stock hit a new 52-week high of $726 in the previous session. Cintas has gained 19.8% since the start of the year compared to the 5.9% move for the Zacks Industrial Products sector and the 18.4% return for the Zacks Uniform and Related industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our ear ...