Cintas Corp: Quarterly report
Cintas reported higher revenue and net income for the quarter, driven by new customer business, cross-selling, and price increases.
Positive for the companyWhat the numbers say
Revenue rose 11% to $3B versus the same quarter last year (3.7% up on the previous quarter); operating margin widened from 22.7% to 23.6%; diluted EPS $1.36 versus $1.20; cash fell by $45.4M to $243.6M while debt was flat; diluted share count down 1.2% (buybacks).
What happened
- Total revenue rose 10.9% to $3,014.0 million, with organic revenue growth of 8.9%.
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