secwatch.observer — SEC 8-K summary
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Issuer:     CINTAS CORP (CTAS)
CIK:        0000723254
Form:       8-K
Filed at:   2024-09-25T23:59:59+00:00
Accession:  0000723254-24-000051
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cintas Q1 EPS $1.10 beats $0.93 YoY, revenue up 8.0% organic, raises FY25 guidance
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- Revenue $2.50B (+6.8% as reported, +8.4% workday-adjusted, +8.0% organic); gross margin 50.1% (+140 bps).
- Operating income $561M (+12.1%), net income $452M (+17.4%), diluted EPS $1.10 (+18.3%).
- Operating cash flow $466.7M (+38.5%); share repurchases $473.6M in Q1; dividend raised 15.6%.
- Raised FY25 guidance: rev $10.22-10.32B (prior $10.16-10.31B), diluted EPS $4.17-4.25 (prior $4.06-4.19).
- Two fewer workdays in FY25; expected effective tax rate 20.4% for full year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723254/000072325424000051/0000723254-24-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723254/000072325424000051/ctas-20240925.htm
  HTML page:      https://secwatch.observer/filing/0000723254-24-000051

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