CTAS - Cintas Non-GAAP EPS of $2.69 beats by $0.25 revenue of $1.96B beats by $50M

Cintas press release (NASDAQ:CTAS): FQ3 Non-GAAP EPS of $2.69 beats by $0.25. Revenue of $1.96B (+10.1% Y/Y) beats by $50M. CEO comment:  "We are increasing our financial guidance. We expect our fiscal 2022 fourth quarter revenue to be in the range of $1.96 billion to $2.02 billion and diluted EPS to be in the range of $2.54 to $2.74. Our fourth quarter fiscal 2022 effective tax rate is expected to be approximately 23.2% compared to a rate of 19.4% for last year's fourth quarter. The expected higher effective tax rate is anticipated to negatively impact fiscal 2022 fourth quarter diluted EPS guidance by approximately $0.14 and diluted EPS growth by approximately 560 basis points. Our financial guidance includes share buybacks through March 22, 2022 but does not include the impact of any future share buybacks." Consensus estimate for 4Q22 revenue is $1.96B and EPS is $2.64.

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Cintas Non-GAAP EPS of $2.69 beats by $0.25, revenue of $1.96B beats by $50M