8-K
filed July 13, 2023, 7:59 PM ET
ticker CTAS
CIK 0000723254
earnings
confidence high
sentiment positive
materiality 0.75
Cintas Q4 revenue $2.28B (+10.1%), EPS $3.33 (+18.5%); guides FY24 $9.35-9.50B
CINTAS CORP
2023-FY EPS reported
$12.99
revenue$8,815,769,000
- Q4 revenue $2.28B (+10.1% YoY); diluted EPS $3.33 (+18.5% YoY).
- Full-year FY23 revenue $8.82B (+12.2%); diluted EPS $12.99 (+11.5%).
- Quarterly dividend increased 20.6% to $117.6M paid June 2023.
- FY24 guidance: revenue $9.35B-$9.50B; diluted EPS $13.85-$14.35.
- Gross margin 47.7% (+210 bps); operating margin 20.6% (+110 bps).
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CINTAS CORP reported fiscal 2024 results: revenue $9.35 billion to $9.50 billion, EPS $13.85 to $14.35. Guidance initiated.
- Period
- fiscal 2024
- Revenue
- $9.35 billion to $9.50 billion
- EPS
- $13.85 to $14.35
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
For our fiscal 2024, we expect revenue to be in the range of $9.35 billion to $9.50 billion and diluted EPS to be in the range of $13.85 to $14.35.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CINTAS CORP reported quarter ended May 31, 2023 results: revenue $2.28 billion, net income $346.2 million, EPS $3.33.
- Period
- quarter ended May 31, 2023
- Revenue
- $2.28 billion
- Net income
- $346.2 million
- EPS
- $3.33
- Result
- reported results
Exact text from the filing
Revenue for the fourth quarter of fiscal 2023 was $2.28 billion compared to $2.07 billion in last year’s fourth quarter, an increase of 10.1%. The organic revenue growth rate for the fourth quarter of fiscal 2023, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 10.3%. Gross margin for the fourth quarter of fiscal 2023 was $1,088.8 million compared to $946.2 million in last year’s fourth quarter, an increase of 15.1%. Gross margin as a percentage of revenue was 47.7% for the fourth quarter of fiscal 2023 compared to 45.6% in last year's fourth quarter, an increase of 210 basis points. Energy expenses comprised of gasoline, natural gas and electricity were 65 basis points lower for the fourth quarter of fiscal 2023 compared to last year's fourth quarter. Operating income for the fourth quarter of fiscal 2023 was $470.8 million compared to $404.4 million in last year's fourth quarter, an increase of 16.4%. Operating income as a percentage
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CINTAS CORP reported fiscal year ended May 31, 2023 results: revenue $8.82 billion, EPS $12.99.
- Period
- fiscal year ended May 31, 2023
- Revenue
- $8.82 billion
- EPS
- $12.99
- Result
- reported results
Exact text from the filing
For the fiscal year ended May 31, 2023, revenue was $8.82 billion compared to $7.85 billion for fiscal 2022, an increase of 12.2%. Operating income for fiscal 2023 was $1.80 billion compared to $1.59 billion for fiscal 2022, an increase of 13.6%. Operating income as a percent of revenue was 20.4% in fiscal 2023 compared to 20.2% in fiscal 2022. Diluted EPS for fiscal 2023 was $12.99 compared to $11.65 in fiscal 2022, an increase of 11.5%.
View on SEC.gov
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