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For the quarter ended August 2024, Cintas (CTAS) reported revenue of $2.5 billion, up 6.8% over the same period last year. EPS came in at $1.10, compared to $0.93 in the year-ago quarter. The reported revenue represents a surprise of +0.18% over the Zacks Consensus Estimate of $2.5 billion. With the consensus EPS estimate being $1.00, the EPS surprise was +10.00%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...

Cintas (CTAS) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this uniform rental company would post earnings of $0.95 per share when it actually produced earnings of $1, delivering a surprise of 5.26%. Over the last four quarters, the company ha ...

Revenue Growth - Revenue for Q1 fiscal 2025 was $2.50 billion, a 6.8% increase compared to $2.34 billion in Q1 fiscal 2024, with organic revenue growth of 8.0%[1] - Total revenue increased by 6.8% to $2,501.6 million compared to $2,342.3 million in the prior year[12] - Uniform rental and facility services revenue grew by 5.9% to $1,933.8 million[12] - Other revenue increased by 10.1% to $567.7 million[12] - Organic revenue growth was 8.0%, excluding acquisition and foreign currency impacts[16] - Workday adjusted revenue growth was 8.4%[16] - Workday-adjusted revenue growth for fiscal 2025 is projected at 7.3% to 8.4%, with organic revenue growth expected to be 7.0% to 8.1%[6] Profitability and Margins - Gross margin increased by 9.7% to $1.25 billion, with gross margin as a percentage of revenue rising to 50.1%, up 140 basis points from 48.7% in Q1 fiscal 2024[2] - Operating income grew 12.1% to $561.0 million, with operating income as a percentage of revenue increasing to 22.4% from 21.4% in Q1 fiscal 2024[2] - Net income rose 17.4% to $452.0 million, with diluted EPS increasing 18.3% to $1.10 compared to $0.93 in Q1 fiscal 2024[3] - Net income rose by 17.4% to $452.0 million from $385.1 million in the previous year[12] - Operating income improved by 12.1% to $561.0 million[12] - Total gross margin expanded to 50.1% from 48.7% in the prior year[13] - Net income margin increased to 18.1% from 16.4%[13] - Net income increased to $452,033 thousand for the three months ended August 31, 2024, compared to $385,085 thousand in the same period last year[20] Cash Flow and Financial Activities - Cash flow from operating activities increased 38.5% to $466.7 million, with $473.6 million spent on share repurchases and a 15.6% increase in quarterly dividend payments to $157.9 million[4] - Free cash flow surged by 62.4% to $373.8 million from $230.2 million[15] - Net cash provided by operating activities rose to $466,732 thousand from $336,945 thousand year-over-year[20] - Capital expenditures decreased to $92,921 thousand from $106,697 thousand in the previous year[20] - Acquisitions of businesses, net of cash acquired, dropped significantly to $9,436 thousand from $55,651 thousand[20] - Repurchase of common stock surged to $614,802 thousand from $73,276 thousand[20] - Dividends paid increased to $138,237 thousand from $117,565 thousand[20] - Net cash used in financing activities jumped to $592,792 thousand from $202,375 thousand[20] - Cash and cash equivalents at the end of the period stood at $101,373 thousand, up from $88,126 thousand[20] Guidance and Projections - Cintas raised its full fiscal year revenue guidance to a range of $10.22 billion to $10.32 billion, up from $10.16 billion to $10.31 billion, and diluted EPS guidance to $4.17 to $4.25, up from $4.06 to $4.19[5][7] - Workday-adjusted revenue growth for fiscal 2025 is projected at 7.3% to 8.4%, with organic revenue growth expected to be 7.0% to 8.1%[6] - Fiscal 2025 interest expense is expected to be $101.0 million, up from $95.0 million in fiscal 2024, primarily due to higher variable rate debt for share buybacks[9] - The effective tax rate for fiscal 2025 is expected to remain at 20.4%, consistent with fiscal 2024[9] - Cintas' guidance assumes no future acquisitions, a constant foreign currency exchange rate, and no significant economic disruptions[6][7]

Cintas Corporation (CTAS) is scheduled to release first-quarter fiscal 2025 (ended August 2024) results on Sep. 25, before market open. The Zacks Consensus Estimate for earnings has increased by a penny in the past 60 days. The company has a stellar earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average beat being 4.5%. Let's see how things have shaped up before Cintas' fiscal first-quarter earnings release. Factors to Note Strong growth fro ...

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Investors are always looking to beat the market, searching for stocks that deliver consistent long-term gains. And perhaps to the surprise of some, many non-tech stocks have delivered outsized gains over the last decade. Several factors contribute to long-term outperformance, including consistent sales growth, margin expansion, efficient capital deployment, and innovation. Three stocks – Caterpillar (CAT) , Domino's Pizza (DPZ) , and Cintas (CTAS) – have all outperformed the S&P 500 over the last decade, al ...

In its upcoming report, Cintas (CTAS) is predicted by Wall Street analysts to post quarterly earnings of $1 per share, reflecting an increase of 7.5% compared to the same period last year. Revenues are forecasted to be $2.5 billion, representing a year-over-year increase of 6.6%. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this per ...

While investors flocked to the most-anticipated stock split of 2024, billionaires took the opportunity to buy shares of two other top-notch stock-split stocks. Although artificial intelligence (AI) has been an exceptionally popular market trend that has helped power the growth-fueled Nasdaq Composite and benchmark S&P 500 to new heights, the enthusiasm shown by investors for stocks conducting splits has played an equally vital role in lifting select equities higher in 2024. A stock split allows a publicly t ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Cintas (CTAS) , which belongs to the Zacks Uniform and Related industry. This uniform rental company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 6.56%. For the last reported quarter, Cintas came out with earnings of $1 per share versus the Zacks C ...