Cintas Q4 Earnings Top Estimates

  • Cintas Corp CTAS reported fourth-quarter FY22 sales growth of 13% year-on-year to $2.07 billion, beating the consensus of $2.01 billion.
  • The organic revenue growth rate was 12.7% for the quarter. The organic revenue growth rates for the Uniform Rental and Facility Services and First Aid and Safety Services reportable operating segments were 10.5% and 15.1%, respectively.
  • The gross margin contracted by 120 basis points Y/Y to 45.6% in the quarter.
  • Selling and administrative expenses were $541.75 million. Operating income increased 13.5% to $404.4 million, while the operating margin expanded by 10 basis points to 19.5%.
  • EPS of $2.81 beat the analyst consensus of $2.67.
  • The company held $90.47 million in cash and equivalents as of May 31, 2022.
  • Outlook: Cintas sees FY23 revenue of $8.47 billion - $8.58 billion, above the consensus of $8.33 billion.
  • The company expects FY23 EPS of $11.90 - $12.30 versus the consensus of $12.24.
  • Price Action: CTAS shares are trading higher by 1.33% at $382.60 on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!