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Cintas Corporation (NASDAQ:CTAS) Q3 2024 Earnings Call Transcript March 27, 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 Ronan Kennedy - Barclays Capital Joshua Chan - UBS Heather Balsky - Bank of America Andy Wittmann - RW Baird George Tong - Goldman Sachs Luke McFadden - William Blair Andrew Steinerman - JP Morgan Securities Jasper Bibb - Truist Securities Ashish Sabadra - RBC Stephan ...

Cintas Corporation Announces Fiscal 2024 Third Quarter Results Net income was $397.6 million for the third quarter of fiscal 2024 compared to $325.8 million in last year's third quarter, an increase of 22.0%. The third quarter of fiscal 2024 effective tax rate was 19.9% compared to 22.1% in last year's third quarter. The tax rates in both quarters were impacted by certain discrete items, primarily the tax accounting impact for stock-based compensation. Third quarter of fiscal 2024 diluted earnings per share ...

Cintas Corporation (CTAS) recently acquired Paris Uniform Services, a family-owned supplier of uniform and facility service solutions. The financial terms of the acquisition were kept under wraps.Based in PA, Paris Uniform Services was established in 1978. The company is engaged in providing uniforms, work apparel, facility services and restroom products among others. Paris Uniform also operates in NY, MD and WV.Acquisition RationaleThe latest buyout is in sync with Cintas’ policy of acquiring businesses to ...

CINCINNATI--(BUSINESS WIRE)--Cintas Corporation (Nasdaq: CTAS) today announced the top 10 finalists in its 11th annual Cintas Custodian of the Year contest. This year’s finalists across the U.S. have shown tremendous dedication and commitment to their schools. From now through April 12, the public can vote for their favorite custodian at custodianoftheyear.com. “Every year we receive thousands of heartfelt nominations and inspirational stories,” said John Rudy, Senior Marketing Director of Cintas. “It’s ...

CINCINNATI--(BUSINESS WIRE)--Cintas Corporation (Nasdaq: CTAS) today announced that it will release fiscal year 2024 third quarter results on Wednesday, March 27, 2024. The Company will conduct a conference call to address the financial results. A live webcast of the call will be available to individual investors and the public beginning at 10:00 a.m., Eastern Time, on Wednesday, March 27, 2024. The webcast will be available at www.Cintas.com. Click on the webcast icon and then follow instructions. For tho ...

CINCINNATI--(BUSINESS WIRE)--Cintas Corporation (Nasdaq: CTAS) has acquired Paris Uniform Services, a Pennsylvania-based, family-owned supplier of uniform and facility services. Paris Uniform Services was founded in 1978 as a subsidiary of Paris Cleaners. Prior to the acquisition, David Stern served as CEO of the company. Paris serviced customers in a four-state region, including Pennsylvania, New York, Maryland and West Virginia. “Paris Uniform Services has been delivering high-quality service and prod ...

Cintas is once again recognized for being committed to creating an equitable workplace for women. (Graphic: Business Wire)Cintas is once again recognized for being committed to creating an equitable workplace for women. (Graphic: Business Wire)CINCINNATI--(BUSINESS WIRE)--Cintas Corporation (Nasdaq: CTAS) has been recognized again for its commitment to creating an equitable workplace for women employee-partners by being named by Newsweek as one of America’s Best Workplaces for Women. “Our corporate cultu ...

Cintas Corporation (CTAS) has been benefiting from strong segmental performances and product enhancement efforts despite increasing costs and forex woes.Let’s discuss the factors that should influence investors to retain the stock for now.Growth CatalystsBusiness Strength: Solid momentum in the health care, education and government verticals is driving revenues at the Uniform Rental and Facility Services segment. The segment’s revenues rose 7.9% year over year in the first six months of fiscal 2024 (ended N ...

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Cintas (CTAS) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.Cintas is one of 227 companies in the Industrial Products group. The Industrial Products group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector R ...