---
schema_version: "secwatch.filing_event.v1"
accession: "0000723254-22-000037"
form_type: "8-K"
ticker: "CTAS"
cik: "0000723254"
company_name: "CINTAS CORP"
filed_at: "2022-12-21T23:59:59+00:00"
generated_at: "2026-06-21T01:10:59.685639+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cintas Q2 EPS $3.12 (+13% YoY), revenue $2.17B (+13.1%), raises FY2023 guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0000723254-22-000037
- form_type: 8-K
- ticker: CTAS
- cik: 0000723254
- company_name: CINTAS CORP
- filed_at: 2022-12-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723254/000072325422000037/0000723254-22-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723254/000072325422000037/ctas-20221221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723254-22-000037
- JSON: https://secwatch.observer/filing/0000723254-22-000037.json
- Plain text: https://secwatch.observer/filing/0000723254-22-000037.txt

## Key facts
- Earnings Releases
  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
  source text: "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."
  evidence_url: https://www.sec.gov/Archives/edgar/data/723254/000072325422000037/0000723254-22-000037-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/723254/000072325422000037/0000723254-22-000037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.