Cintas(CTAS)
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Cintas(CTAS) - 2022 Q3 - Quarterly Report
2022-04-06 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 6800 Cintas Boulevard P.O. Box 625737 Cincinnati, Ohio 45262-5737 (Address of Principal Executive Offices) (Zip Code) Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, no par value CTASThe NASDAQ Stock Market LLC (NASDAQ Global Select Market) Class Outstanding March 31, 2022 Common Stock, no par value 102,324,911 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCH ...
Cintas(CTAS) - 2022 Q3 - Earnings Call Transcript
2022-03-23 17:31
Cintas Corporation (NASDAQ:CTAS) Q3 2022 Earnings Conference Call March 23, 2022 10:00 AM ET Company Participants Paul F. Adler - VP, IR and Treasurer Todd M. Schneider - President and CEO J. Michael Hansen - EVP and CFO Conference Call Participants Alexander Hess - J.P. Morgan Hamzah Mazari - Jefferies George Tong - Goldman Sachs Ashish Sabadra - RBC Capital Markets Andrew Wittmann - Robert W. Baird Timothy Mulrooney - William Blair Manav Patnaik - Barclays Heather Balsky - Bank of America Scott Schneeberg ...
Cintas(CTAS) - 2022 Q2 - Quarterly Report
2022-01-05 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-11399 Cintas Corporation (Exact name of registrant as specified in its charter) Washington 31-1188630 (State or Other Jurisdiction of Incorp ...
Cintas(CTAS) - 2022 Q2 - Earnings Call Transcript
2021-12-22 18:24
Cintas Corporation (NASDAQ:CTAS) Q2 2022 Earnings Conference Call December 22, 2021 10:00 AM ET Company Participants Paul Adler - VP, IR and Treasurer Todd Schneider - CEO Mike Hansen - CFO Conference Call Participants Manav Patnaik - Barclays Andrew Steinerman - JPMorgan Mario Cortellacci - Jefferies George Tong - Goldman Sachs Ashish Sabadra - RBC Capital Markets Andy Wittmann - Baird Toni Kaplan - Morgan Stanley Scott Schneeberger - Oppenheimer Shlomo Rosenbaum - Stifel Operator Good day, everyone. ...
Cintas(CTAS) - 2022 Q1 - Quarterly Report
2021-10-06 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 6800 Cintas Boulevard P.O. Box 625737 Cincinnati, Ohio 45262-5737 (Address of Principal Executive Offices) (Zip Code) Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, no par value CTASThe NASDAQ Stock Market LLC (NASDAQ Global Select Market) Class Outstanding September 30, 2021 Common Stock, no par value 103,407,624 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...
Cintas(CTAS) - 2022 Q1 - Earnings Call Transcript
2021-09-29 18:15
Cintas Corporation (NASDAQ:CTAS) Q1 2022 Earnings Conference Call September 29, 2021 10:00 AM ET Company Participants Paul Adler - Vice President and Treasurer, Investor Relations Todd Schneider - President and Chief Executive Officer Mike Hansen - Executive Vice President and Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Andy Wittmann - Robert W. Baird Manav Patnaik - Barclays Hamzah Mazari - Jefferies George Tong - Goldman Sachs Ashish Sabadra - RBC Capital Jeffrey ...
Cintas(CTAS) - 2021 Q4 - Annual Report
2021-07-27 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 0-11399 Cintas Corporation (Exact name of registrant as specified in its charter) Washington 31-1188630 (State or Other Jurisdiction of Incorporation or Organization) (IRS Employer Identific ...
Cintas(CTAS) - 2021 Q4 - Earnings Call Transcript
2021-07-15 18:16
Financial Data and Key Metrics Changes - Fiscal 2021 Q4 revenue was $1.84 billion, an increase of 13.3% from $1.62 billion in the same quarter last year [6] - Earnings per diluted share (EPS) were $2.47, an increase of 83% from last year's fourth quarter [6][11] - Organic revenue growth rate was 11.5% for Q4, with Uniform Rental and Facility Services segment at 13.7% and First Aid and Safety Services segment declining by 6.8% [7] - Gross margin increased to $859.1 million, representing 46.8% of revenue, up from 43.7% in the previous year [8] - Operating income rose to $356.4 million, a 71.8% increase, with operating margin improving to 19.4% from 12.8% [9] Business Line Data and Key Metrics Changes - Uniform Rental and Facility Services revenue was $1.47 billion, up from $1.27 billion last year, with gross margin increasing to 47.7% [18] - First Aid and Safety Services revenue was $186.9 million, down from $196.3 million last year, with gross margin at 43.0% compared to 46.1% last year [20][22] - All Other category revenue, including Fire Protection Services, was $181.9 million, up from $152.3 million, with Fire business organic revenue increasing by 22.4% [24] Market Data and Key Metrics Changes - The company noted that inflationary pressures increased certain costs but were offset by increased revenue from businesses reopening as COVID-19 restrictions were lifted [19] - The company expects continued growth in key verticals such as hospitality, healthcare, and education, with a focus on traditional services as PPE demand normalizes [76][90] Company Strategy and Development Direction - The company aims for organic revenue growth in the mid to high single digits and double-digit EPS growth, with a strong focus on capital allocation towards business growth and M&A [30][70] - The company is committed to enhancing its ESG initiatives and has issued its inaugural ESG report, emphasizing sustainable practices [28][39] - The company is investing in technology, including the implementation of SAP, to improve operational efficiencies, data analytics, and customer service [35][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate inflationary pressures and labor challenges, citing proactive wage adjustments made during the pandemic [49][51] - The company anticipates a steady improvement in the economy and expects revenue for fiscal 2022 to be in the range of $7.53 billion to $7.63 billion [14][15] - Management highlighted the importance of maintaining strong customer relationships and adapting to changing market conditions as businesses reopen [62][64] Other Important Information - The company repurchased $979 million of its common stock and increased its annual dividend by 10.2%, transitioning to quarterly dividends [13][27] - The company has a strong balance sheet with a leverage ratio of 1.5 times debt-to-EBITDA and an untapped credit facility of $1 billion [12] Q&A Session All Questions and Answers Question: Can you discuss the impact of inflationary factors on your business? - Management acknowledged inflationary pressures, particularly in labor and material costs, but indicated that they have been proactive in managing these challenges and do not expect significant issues moving forward [46][49] Question: What is the outlook for organic growth by segment? - Management expects high single-digit growth across all segments, with some potential bumpiness in the First Aid segment due to tough comparisons from the previous year [67][68] Question: How do you view the competitive dynamics in the Fire Protection business? - Management expressed confidence in their position within the Fire Protection business, highlighting ongoing investments and a strong national offering [80] Question: What are your expectations for energy costs in the upcoming fiscal year? - Management indicated that energy costs are expected to remain elevated, with total energy costs for the quarter at 2.1% of revenue, up from previous periods [115][116]
Cintas(CTAS) - 2021 Q3 - Quarterly Report
2021-04-05 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 6800 Cintas Boulevard P.O. Box 625737 Cincinnati, Ohio 45262-5737 (Address of Principal Executive Offices) (Zip Code) Title of each class Trading symbol(s) Name of each exchange on which registered FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 F ...
Cintas(CTAS) - 2021 Q3 - Earnings Call Transcript
2021-03-17 20:09
Cintas Corporation (NASDAQ:CTAS) Q3 2021 Earnings Conference Call March 17, 2021 10:00 AM ET Company Participants Paul Adler - Vice President, Treasurer and Investor Relations Scott Farmer - Chairman of the Board and Chief Executive Officer Todd Schneider - Executive Vice President and Chief Operating Officer Mike Hansen - Executive Vice President and Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Andrew Steinerman - J.P. Morgan George Tong - Goldman Sachs Hamzah Mazari - ...