earnings
confidence high
sentiment positive
materiality 0.75
Cintas Q2 EPS $3.61 beats; raises FY2024 revenue and EPS guidance
CINTAS CORP
2024-Q2 EPS reported
$7.32
revenue$4,719,507,000
- Q2 revenue $2.38B (+9.3% YoY), organic growth 9.0%; diluted EPS $3.61 (+15.7%).
- Operating margin improved to 21.0% from 20.5%; gross margin 48.0% (+100bps).
- FY24 revenue guidance raised to $9.48B-$9.56B; EPS guidance raised to $14.35-$14.65.
- Quarterly cash dividend paid Dec 15 increased 17.1% to $137.5M.
- Repurchased 658K shares at avg $486.58 for $320.3M during Q2.