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Cintas Corp (CTAS)
NASDAQ:CTAS
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$1.05Last Year’s EPS
$0.96Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 19, 2024
|% Change Since: -7.85%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance with record-breaking revenue and significant increases in earnings and cash flow. Strategic investments and operational excellence continue to drive efficiencies and improvements in gross margins. However, there are some challenges, including a slight downgrade in organic growth guidance and a decline in the Uniform Direct Sale segment. Despite these challenges, the company maintains a positive outlook for the year.Company Guidance
In the second quarter of fiscal year 2025, Cintas Corporation reported strong financial performance, highlighted by a 7.8% increase in total revenue to a record $2.56 billion and an organic growth rate of 7.1%. Gross margin rose by 11.8% to 49.8%, just shy of the all-time high set in the previous quarter. Operating income soared to an all-time high of 23.1% of revenue, marking an 18.4% increase over the prior year. Diluted EPS also saw a robust growth of 21.1%, reaching $1.09. The company's strategic initiatives, such as sourcing and supply chain improvements, route and energy optimization, and technology-enabled efficiencies, contributed significantly to these gains. Cintas also updated its annual revenue expectations to a range of $10.255 billion to $10.32 billion, with an organic growth rate forecasted between 7.0% and 7.7%, and raised its annual diluted EPS guidance to a range of $4.28 to $4.34, reflecting a growth rate of 12.9% to 14.5%. These results underscore Cintas' focus on operational excellence and strategic investments aimed at delivering long-term value.Record-Breaking Revenue and Growth
Second quarter total revenue grew 7.8% to $2.56 billion, an all-time high for revenue in a quarter with an organic growth rate of 7.1%.
Significant Increase in Earnings and Cash Flow
Diluted EPS grew 21.1% to $1.09. Free cash flow for the first 6 months increased 34.9% over the prior year.
Strong Operating Income
Operating income was $591.4 million, an increase of 18.4% over the prior year, and operating income as a percent of revenue was an all-time record of 23.1%.
Improved Gross Margins
Gross margin for the second quarter grew 11.8% to 49.8%, with improvements across different segments like First Aid and Safety Services and Fire Protection Services.
Positive Impact of Strategic Investments
Technology investments and operational excellence initiatives led to improved margins and efficiencies, particularly through the SAP system and SmartTruck route optimization.
Strong Performance in Focused Verticals
Healthcare, hospitality, education, and state and local government verticals continue to perform well, contributing to overall business strength.
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CTAS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CTAS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 19, 2024 | $204.39 | $182.79 | -10.57% |
| Sep 25, 2024 | $204.48 | $206.84 | +1.15% |
| Jul 18, 2024 | $179.25 | $189.01 | +5.44% |
| Mar 27, 2024 | $157.43 | $170.42 | +8.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cintas Corp (CTAS) report earnings?
Cintas Corp (CTAS) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Cintas Corp (CTAS) earnings time?
Cintas Corp (CTAS) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTAS EPS forecast?
CTAS EPS forecast for the fiscal quarter 2025 (Q3) is $1.05.
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