CTAS - These Analysts Increase Their Forecasts On Cintas After Upbeat Results | Benzinga
Cintas Corporation (NASDAQ: CTAS) reported better-than-expected second-quarter financial results and raised FY24 guidance on Thursday.
Cintas reported second-quarter FY24 sales growth of 9.3% year-on-year to $2.38 billion, beating the analyst consensus estimate of $2.34 billion. EPS of $3.61 beat the consensus estimate of $3.49, according to Benzinga Pro.
Operating income increased 12.3% to $499.7 million, while the operating margin expanded by 50 basis points to 21%.
Cintas raised FY24 revenue outlook from $9.40 billion - ...