Picture of Cintas logo

CTAS Cintas News Story

0.000.00%
us flag iconLast trade - 00:00
IndustrialsConservativeLarge CapHigh Flyer

Cintas beats Q2 revenue estimates, raises fiscal outlook

Overview

Uniform supplier's fiscal Q2 revenue rose 9.3%, beating analyst expectations

Fiscal Q2 diluted EPS increased 11% yr/yr

Company repurchased $622.5 mln in shares during fiscal Q2

Outlook

Cintas raises full-year revenue guidance to $11.15 bln-$11.22 bln

Cintas increases full-year EPS guidance to $4.81-$4.88

Company expects fiscal 2026 interest expense to rise due to refinancing

Result Drivers

ORGANIC GROWTH - Cintas reported an 8.6% organic revenue growth rate for Q2, excluding acquisitions and currency impacts

MARGIN IMPROVEMENT - Gross margin increased by 10.6%, with a 60 basis point rise in gross margin percentage

TECHNOLOGY INVESTMENTS - CEO Todd Schneider attributed strong results to ongoing technology investments and strategy execution

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$2.80 bln$2.77 bln (14 Analysts)
Q2 EPS$1.21
Q2 Net Income$495.30 mln
Q2 Gross Margin50.40%
Q2 Operating Income$655.70 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 13 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the business support services peer group is "buy." Wall Street's median 12-month price target for Cintas Corp is $221.00, about 17.9% above its December 17 closing price of $187.37 The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 42 three months ago Press Release: ID:nBw3McPKFa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Cintas

See all news