earnings
confidence high
sentiment positive
materiality 0.75
Cintas Q2 revenue $1.92B (+9.4%); raises FY2022 EPS and revenue outlook
CINTAS CORP
2022-Q2 EPS reported
$5.87
revenue$3,819,231,000
- Revenue $1.92B (+9.4% YoY; organic +9.3%); gross margin 46.0% vs 46.7%.
- Diluted EPS $2.76 vs $2.62; excluding prior-year gain, EPS up 16.5% to $2.37.
- Operating income $381.2M; margin 19.8%, up 70 bps excluding prior-year gain.
- FY2022 guidance raised: revenue $7.63-$7.70B (prev. $7.58-$7.67B), EPS $10.70-$10.95.
- Labor costs increased for growth; energy expenses up 40 bps; tax rate ~19%.