8-K
filed December 21, 2022, 6:59 PM ET
ticker CTAS
CIK 0000723254
earnings
confidence high
sentiment positive
materiality 0.75
Cintas Q2 EPS $3.12 (+13% YoY), revenue $2.17B (+13.1%), raises FY2023 guidance
CINTAS CORP
2023-Q2 EPS reported
$6.51
revenue$4,341,312,000
- Q2 diluted EPS $3.12 vs $2.76 last year; net income $324.3M, up 10.1%.
- Revenue $2.17B, up 13.1% YoY; organic growth 12.8%; gross margin improved to 47.0%.
- Operating income $444.9M (+16.7%); margin 20.5% vs 19.8%.
- FY2023 revenue guidance raised to $8.67-8.75B; EPS raised to $12.50-12.80.
- All operating segments grew revenue at double-digit rates; strong volume from new and existing customers.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CINTAS CORP reported fiscal year 2023 (full year) results: revenue $8.67 billion to $8.75 billion, EPS $12.50 to $12.80. Guidance raised.
- Period
- fiscal year 2023 (full year)
- Revenue
- $8.67 billion to $8.75 billion
- EPS
- $12.50 to $12.80
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
"We are increasing our full fiscal year financial guidance. We are raising our annual revenue expectations from a range of $8.58 billion to $8.67 billion to a range of $8.67 billion to $8.75 billion and diluted EPS from a range of $12.30 to $12.65 to a range of $12.50 to $12.80."
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CINTAS CORP reported fiscal 2023 second quarter ended November 30, 2022 results: revenue $2.17 billion, net income $324.3 million, EPS $3.12.
- Period
- fiscal 2023 second quarter ended November 30, 2022
- Revenue
- $2.17 billion
- Net income
- $324.3 million
- EPS
- $3.12
- Result
- reported results
Exact text from the filing
Revenue for the second quarter of fiscal 2023 was $2.17 billion compared to $1.92 billion in last year’s second quarter, an increase of 13.1%. The organic revenue growth rate for the second quarter of fiscal 2023, which adjusts for the impacts of acquisitions, divestitures and foreign currency exchange rate fluctuations, was 12.8%. Gross margin for the second quarter of fiscal 2023 was $1,022.4 million compared to $885.1 million in last year’s second quarter, an increase of 15.5%. Gross margin as a percentage of revenue was 47.0% for the second quarter of fiscal 2023 compared to 46.0% in last year's second quarter, an increase of 100 basis points. Energy expenses comprised of gasoline, natural gas and electricity were 10 basis points higher during the second quarter of fiscal 2023 compared to last year's second quarter. Operating income for the second quarter of fiscal 2023 was $444.9 million compared to $381.2 million in last year's second quarter, an increase of 16.7%. Operating inco
View on SEC.gov
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