CTAS - Cintas Analysts Increase Their Forecasts After Upbeat Earnings | Benzinga
Cintas Corporation (NASDAQ: CTAS) reported better-than-expected third-quarter financial results and raised FY24 guidance.
Cintas posted GAAP earnings of $3.84 per share, beating market estimates of $3.59 per share. The company’s quarterly sales came in at $2.406 billion, versus expectations of $2.386 billion, according to data from Benzinga Pro.
Todd M. Schneider, Cintas’ President, and Chief Executive Officer, stated, "Each of our operating segments continue to execute at a high level, which led to robust revenue growth of 9.9%, record high gross margin of 49.4%, record high operating margin of 21.6% and diluted EPS growth of 22.3%.”
Cintas increased FY24 annual ...