CTAS - Cintas's Q4 revenue rises 10% to beat estimates

2023-07-13 10:52:46 ET

Cintas ( NASDAQ: CTAS ) on Thursday reported sales and profit gains that beat the average estimates among Wall Street analysts.

The provider of workplace uniforms said its fiscal Q4 revenue rose 10% from a year earlier to $2.28 billion, ahead of the consensus estimate of $2.25 billion.

Net income rose 18% to $346.2 million, or $3.33 a share, from $294.5 million, or $2.81 a share, a year earlier. Analysts estimated EPS of $3.19.

Cintas ( CTAS ) estimated that 2024 revenue will be in a range of $9.35 billion to $9.5 billion, while EPS will be $13.85 to $14.35. Its 2023 revenue was $8.82 billion, while EPS was $12.99.

More about Cintas

• Jefferies downgrades Cintas citing valuation concerns
• Cintas beats Q3 top and bottom line estimates; raises FY23 outlook

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