CTAS - Cintas Corporation (CTAS) Q3 2024 Earnings Call Transcript

2024-03-27 13:30:09 ET

Cintas Corporation (CTAS)

Q3 2024 Earnings Call Transcript

March 27, 2024, 10:00 AM ET

Company Participants

Jared Mattingley - VP and Treasurer, IR

Todd Schneider - President and CEO

Mike Hansen - EVP and CFO

Conference Call Participants

Ronan Kennedy - Barclays Capital

Joshua Chan - UBS

Heather Balsky - Bank of America

Andy Wittmann - RW Baird

George Tong - Goldman Sachs

Luke McFadden - William Blair

Andrew Steinerman - JP Morgan Securities

Jasper Bibb - Truist Securities

Ashish Sabadra - RBC

Stephanie Moore - Jefferies

Shlomo Rosenbaum - Stifel Nicolaus

Kartik Mehta - Northcoast Research

Toni Kaplan - Morgan Stanley

Presentation

Operator

Good day, everyone, and welcome to the Cintas Corporation Announces Fiscal 2024 Third Quarter Earnings Release Conference Call. Today's call is being recorded. At this time, I would like to turn the call over to Mr. Jared Mattingley, Vice President and Treasurer, Investor Relations. Please go ahead, sir.

Jared Mattingley

Thank you for joining us. With me is Todd Schneider, President and Chief Executive Officer, and Mike Hansen, Executive Vice President and Chief Financial Officer. We will discuss our fiscal 2024 third quarter results. After our commentary, we will open the call to questions from analysts.

The Private Securities Litigation Reform Act of 1995 provides a safe harbor from civil litigation for forward-looking statements. This conference call contains forward-looking statements that reflect the company's current views as to future events and financial performance. These forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those we may discuss. I refer you to the discussion on these points contained in our most recent filings with the Securities and Exchange Commission.

I'll now turn the call over to Todd.

Todd Schneider

Thank you, Jared. Due to the outstanding dedication and execution of our employees, whom we call partners, we delivered very strong results for our third quarter. Total revenue for the third quarter grew 9.9% to $2.41 billion. The revenue dollars represent record quarterly revenue. We are pleased with the performance of each of our businesses....

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