Cintas Shares Hit a Record High Thursday—Here's Why

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]