earnings
confidence high
sentiment positive
materiality 0.70
Cintas Q1 FY2022: EPS $3.11 (+11.9% YoY), revenue $1.90B (+8.6%), raises full-year guidance
CINTAS CORP
2022-Q1 EPS reported
$3.11
revenue$1,896,950,000
- Diluted EPS $3.11 vs $2.78 a year ago, up 11.9%; revenue $1.90B vs $1.75B, up 8.6%.
- Operating margin improved 80 bps to 20.8%; gross margin up 30 bps to 47.6%.
- Raised FY2022 revenue guidance to $7.58B-$7.67B (from $7.53B-$7.63B) and EPS to $10.60-$10.90 (from $10.35-$10.75).
- Quarterly dividend increased 26.7% to $0.95 per share, paid Sep 15, 2021.
- FY2022 effective tax rate expected ~19.5% vs 13.7% in FY2021, reducing EPS growth by ~$0.77.