MWA - Here's Why You Should Add Cintas Stock to Your Portfolio | Benzinga
Cintas Corporation (NASDAQ: CTAS) is well poised for growth, courtesy of strength across its business, strategic acquisitions and focus on improving the product line and operational excellence.
The company remains committed to investing in growth opportunities and solidifying its long-term market position.
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It has a market capitalization of $72.1 billion. Over the past year, it has soared 46.5% compared with the industry's growth of 42.8%. CTAS currently carries a Zacks Rank #2 (Buy).
Let's delve into the factors that have been aiding the firm for a while now.
Business Strength: CTAS has been benefiting from strength in its Uniform Rental and Facility Services segment, driven by penetration of additional products and services into existing customers. The segment's revenues rose 9.4% year over year in the fiscal third quarter (ended February 2024).
Strong demand for its products and services, pricing actions and solid customer retention have been boosting the First Aid and Safety Services ...