CTAS 10-Q Quarterly Reports
CINTAS CORP - 50 quarterly reports
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2025
Jan 7, 2026Cintas Corporation reported strong financial performance for the six months ended November 30, 2025, with total revenue increasing by 9.0% to $5.52 billion and net income rising by 9.5% to $986.5 million. This growth was driven by a 9.3% increase in revenue for the three months ended November 30, 2025, reaching $2.80 billion, and a 10.4% rise in net income to $495.3 million compared to the prior year period. Both the Uniform Rental and Facility Services and First Aid and Safety Services segments demonstrated robust revenue growth, indicating continued demand for Cintas' core offerings. The company also demonstrated effective cost management, with the cost of uniform rental and facility services improving as a percentage of revenue. Despite increased investments in selling resources, operating income saw a healthy increase of 10.4% for the quarter and 9.5% for the six-month period, leading to improved operating margins. Cintas also returned significant capital to shareholders through dividends and substantial share repurchases, underscoring its financial strength and commitment to shareholder value.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2025
Oct 8, 2025Cintas Corporation reported strong financial results for the three months ended August 31, 2025. Total revenue increased by 8.7% year-over-year to $2.72 billion, with organic growth contributing 7.8%. Both the Uniform Rental and Facility Services segment and the First Aid and Safety Services segment demonstrated robust revenue growth, indicating continued demand for Cintas' core offerings. Net income rose by 8.7% to $491.1 million, leading to a 9.1% increase in diluted earnings per share to $1.20. The company maintained healthy operating margins, with operating income growing to $617.9 million, representing 22.7% of revenue, up from 22.4% in the prior year. This improvement was driven by increased revenue, more efficient inventory management, and operating leverage. Cintas also continues to actively return capital to shareholders through dividends and share repurchases, although share repurchases were lower in the current quarter compared to the prior year.
CINTAS CORP Quarterly Report for Q3 Ended Feb 28, 2025
Apr 3, 2025Cintas Corporation (CTAS) reported strong financial results for the nine months ended February 28, 2025, demonstrating robust revenue growth and improved profitability. Total revenue for the period increased by 7.7% to $7.67 billion, driven by consistent performance across its Uniform Rental and Facility Services, as well as its First Aid and Safety Services segments. This growth was supported by both new business acquisition and deeper penetration into existing customer relationships, alongside strategic price increases. The company also showcased enhanced operational efficiency, with operating income rising to $1.76 billion, representing a 23.0% margin, up from 21.3% in the prior year's comparable period. This margin expansion was attributed to improvements in gross margins through efficient inventory management and optimized routing, as well as better control over selling and administrative expenses. Net income saw a significant increase of 17.9% to $1.36 billion, translating to diluted earnings per share of $3.31, up 18.6% year-over-year. Cintas also maintained a strong liquidity position, with substantial cash flow from operations, and continued to return value to shareholders through dividends and share repurchases.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2024
Jan 8, 2025Cintas Corporation (CTAS) reported strong financial performance for the second quarter of fiscal year 2025, demonstrating robust revenue growth and improved profitability. Total revenue increased by 7.8% to $2.56 billion for the three months ended November 30, 2024, driven by solid organic growth of 7.1% across its key segments, particularly Uniform Rental and Facility Services and First Aid and Safety Services. This top-line growth, combined with effective cost management and operational efficiencies, led to a significant increase in profitability. Net income rose by an impressive 19.7% to $448.5 million, translating to a diluted earnings per share of $1.09, up 21.1% from the prior year. The company also reported an improvement in operating margin to 23.1%, reflecting successful cost control measures and operating leverage. Cintas continues to execute on its growth strategies, including increasing penetration at existing customers and broadening its customer base, supported by strategic acquisitions and consistent capital allocation towards share repurchases and dividends.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2024
Oct 4, 2024Cintas Corporation reported strong financial results for the first quarter of fiscal year 2025, ending August 31, 2024. Total revenue increased by 6.8% to $2.50 billion, with organic revenue growth at a robust 8.0%, demonstrating the company's ability to expand its market reach and penetrate existing customer relationships. The Uniform Rental and Facility Services segment, the company's largest, saw a 5.9% revenue increase, while the First Aid and Safety Services segment experienced even stronger growth at 12.2%. Net income rose significantly by 17.4% to $452.0 million, translating to a diluted earnings per share (EPS) of $1.10, an increase of 18.3% from the prior year. This improved profitability was driven by operating leverage from revenue growth, efficiency gains in operational costs, and favorable sourcing and productivity initiatives. The company also demonstrated strong operating cash flow generation, providing ample liquidity. Cintas continued its commitment to shareholder returns through consistent dividend payments and active share repurchase programs, reflecting confidence in its ongoing business strategy and financial health.
CINTAS CORP Quarterly Report for Q3 Ended Feb 29, 2024
Apr 5, 2024Cintas Corporation reported a strong third quarter for fiscal year 2024, demonstrating robust revenue growth and significant increases in net income and earnings per share. Total revenue rose by 9.9% year-over-year to $2.41 billion, with organic revenue growth of 7.7%, indicating healthy underlying business expansion. The Uniform Rental and Facility Services segment, the company's largest, saw revenue increase by 9.4%, driven by new business, increased penetration at existing customers, and pricing adjustments. The company's profitability also saw substantial improvement. Operating income grew by 16.5% to $520.8 million, with operating margin expanding to 21.6% from 20.4% in the prior year period. This margin expansion was attributed to operating leverage from revenue growth, efficiency gains, and productivity initiatives, despite a slight increase in selling and administrative expenses. Diluted earnings per share increased by 22.3% to $3.84, reflecting the strong top-line growth and enhanced profitability. Cintas also generated substantial operating cash flow, increasing by 33% year-over-year to $1.39 billion for the nine-month period. This strong cash generation, coupled with a solid balance sheet and access to a revolving credit facility, positions the company well for continued investments in growth, strategic acquisitions, and returning capital to shareholders through dividends and share repurchases. The company reaffirmed its positive outlook, driven by its diversified business model and consistent execution.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2023
Jan 8, 2024Cintas Corporation reported strong performance for the six months and three months ended November 30, 2023, demonstrating consistent growth across its key operating segments. Total revenue saw a significant increase, driven by robust organic growth in both Uniform Rental and Facility Services and First Aid and Safety Services. The company effectively managed its costs, leading to improved operating income and net income. Diluted earnings per share also showed a healthy increase, reflecting the strong operational performance. Financially, Cintas maintained a solid liquidity position with substantial cash flow from operations, supporting its capital expenditures, dividend payments, and share repurchase programs. The company's strategic investments in sales resources and infrastructure are contributing to its growth trajectory. Cintas remains confident in its ability to meet its financial obligations and pursue strategic objectives, including acquisitions and shareholder returns.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2023
Oct 5, 2023Cintas Corporation (CTAS) reported strong financial performance for the first quarter of fiscal year 2024, which ended August 31, 2023. Total revenue increased by 8.1% year-over-year to $2.34 billion, with organic revenue growth also at 8.1%. This growth was driven by solid performance across its key segments, particularly Uniform Rental and Facility Services, which saw a 7.6% increase in revenue, and First Aid and Safety Services, which experienced an impressive 11.3% revenue growth. The company demonstrated improved profitability, with operating income rising to $500.6 million (21.4% of revenue) from $440.1 million (20.3% of revenue) in the prior year's comparable quarter. Net income grew by 9.5% to $385.1 million, translating to diluted earnings per share of $3.70, a 9.1% increase from the prior year. Cintas also generated robust operating cash flow, allowing for continued investment in capital expenditures and strategic initiatives, alongside returning capital to shareholders through dividends and share repurchases.
CINTAS CORP Quarterly Report for Q3 Ended Feb 28, 2023
Apr 6, 2023Cintas Corporation (CTAS) reported robust financial performance for the nine months ended February 28, 2023, demonstrating continued growth and operational efficiency. Total revenue increased by 13.0% to $6.53 billion, driven by strong organic growth of 12.8%, with the Uniform Rental and Facility Services segment leading the way. Net income saw a healthy increase of 6.4% to $1.00 billion, translating to a diluted EPS of $9.65. The company's operational improvements are evident in the expansion of gross margins across its key segments, particularly in First Aid and Safety Services, due to favorable sales mix and fixed cost leverage. Cintas continues to focus on strategic growth initiatives, including increasing penetration at existing customers and broadening its customer base, supported by investments in sales representatives and strategic acquisitions. Despite rising interest rates impacting net interest expense, the company maintained strong operating income margins and generated substantial cash flow from operations, amounting to $1.04 billion for the nine-month period. The company also actively returned capital to shareholders through dividends and share repurchases, underscoring its commitment to shareholder value while maintaining a solid liquidity position and compliance with debt covenants.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2022
Jan 6, 2023Cintas Corporation (CTAS) reported strong financial performance for the fiscal second quarter ended November 30, 2022. Total revenue increased by 13.1% year-over-year to $2.17 billion, driven by robust organic growth of 12.8%, indicating the company's ability to expand its customer base and penetrate existing accounts effectively. Both major segments, Uniform Rental and Facility Services and First Aid and Safety Services, demonstrated significant revenue growth. Net income rose by 10.1% to $324.3 million, translating to a diluted EPS of $3.12, a 13.0% increase compared to the prior year's quarter. This growth was supported by improved operating margins, efficient cost management, and a reduction in diluted weighted average common shares outstanding due to ongoing share repurchases. The company also highlighted strong operating cash flow and reaffirmed its liquidity position, signaling continued financial health and capacity for strategic investments and shareholder returns.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2022
Oct 6, 2022Cintas Corporation (CTAS) reported strong financial results for the first quarter of fiscal year 2023, ending August 31, 2022. Total revenue increased by 14.2% year-over-year to $2,166.5 million, with organic growth of 13.9%. This growth was driven by both the Uniform Rental and Facility Services segment, which saw a 12.6% increase in revenue, and the 'Other' revenue categories (including First Aid and Safety Services), which grew by 20.6%. Net income also saw a healthy increase of 6.2% to $351.7 million, translating to a 9.0% rise in diluted earnings per share to $3.39. The company demonstrated effective cost management, with Cost of other improving as a percentage of revenue, and selling and administrative expenses as a percentage of revenue showing improvement excluding a prior-year gain on asset sale. While the gross margin for Uniform Rental and Facility Services saw a slight decrease, primarily due to increased energy and labor costs, overall operational efficiencies and strong revenue growth contributed to a robust net income. Cintas continues to execute its strategy of increasing penetration at existing customers and broadening its customer base, supported by ongoing investments in its sales force and operational capabilities.
CINTAS CORP Quarterly Report for Q3 Ended Feb 28, 2022
Apr 7, 2022Cintas Corporation (CTAS) reported strong performance in its third quarter fiscal year 2022, ending February 28, 2022. Total revenue saw a significant increase of 10.3% year-over-year to $1.96 billion, driven by a robust 10.0% organic growth rate. This growth was primarily fueled by the Uniform Rental and Facility Services segment, which experienced a 9.6% revenue increase, and the First Aid and Safety Services segment and other businesses, which collectively saw a 13.4% rise in revenue. Net income for the quarter grew by 22.1% to $315.4 million, translating to a 25.3% increase in diluted earnings per share to $2.97. This impressive earnings growth was supported by improved operating margins and strategic share repurchases, which reduced the diluted weighted average common shares outstanding. The company's financial health remains strong, with a solid increase in operating income and a positive outlook, despite ongoing economic uncertainties.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2021
Jan 6, 2022Cintas Corporation reported a solid second quarter for fiscal year 2022, demonstrating robust revenue growth driven by its core Uniform Rental and Facility Services segment. Total revenue increased by 9.4% year-over-year, with organic revenue growth of 9.3%, signaling continued business momentum post-pandemic. Net income saw a healthy increase of 3.4%, translating to a 5.3% rise in diluted earnings per share, showcasing effective operational management and cost control. The company's financial performance reflects a strong recovery and expansion, with strategic investments in its sales force contributing to new business acquisition and increased penetration within existing customer relationships. Despite rising costs in areas like energy and labor, Cintas managed to improve its selling and administrative expenses as a percentage of revenue, demonstrating efficiency. The company also continues to prioritize shareholder returns through active share repurchases and consistent dividend payments, underpinned by strong operating cash flows.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2021
Oct 7, 2021Cintas Corporation reported a solid fiscal first quarter for the period ending August 31, 2021, demonstrating resilient top-line growth and improved profitability. Total revenue increased by 8.6% year-over-year to $1.9 billion, driven by broad-based growth across its Uniform Rental and Facility Services segment, which saw an 8.2% increase in revenue. The company also experienced a positive organic revenue growth of 8.6%, indicating strong underlying business performance. Profitability saw a significant boost, with operating income rising to $394.1 million, representing 20.8% of revenue, up from 20.0% in the prior year period. This margin expansion was attributed to both cost of sales and selling and administrative expenses decreasing as a percentage of revenue. Net income grew by 10.4% to $331.2 million, leading to a 11.9% increase in diluted earnings per share to $3.11. The company also continues to actively return capital to shareholders through share repurchases and a recently increased dividend. Despite a temporary decrease in cash and cash equivalents, the company maintains a strong liquidity position and access to a substantial credit facility.
CINTAS CORP Quarterly Report for Q3 Ended Feb 28, 2021
Apr 6, 2021Cintas Corporation (CTAS) reported its third-quarter fiscal year 2021 results for the period ending February 28, 2021. The company demonstrated resilience amidst the ongoing COVID-19 pandemic, with total revenue experiencing a slight decrease of 1.9% year-over-year to $1.78 billion. This decline was largely attributed to one less workday in the quarter. Despite the revenue dip, operating income saw a notable increase of 3.8% to $326.5 million, driven by improved operating margins (18.4% vs. 17.4%) due to effective cost control measures in both cost of goods sold and selling, general, and administrative expenses. Net income from continuing operations rose by 10.2% to $258.4 million, resulting in diluted earnings per share (EPS) of $2.37, a 9.7% increase compared to the prior year. The First Aid and Safety Services segment showed strong organic growth of 17.7%, offsetting some of the modest decline in the larger Uniform Rental and Facility Services segment. The company also maintained a strong liquidity position and continued its dividend payments, signaling financial stability. Management highlighted the ongoing impacts of the pandemic but expressed confidence in the company's ability to navigate the environment.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2020
Jan 8, 2021Cintas Corporation (CTAS) reported its fiscal second quarter 2021 results, ending November 30, 2020. The company demonstrated resilience despite the ongoing COVID-19 pandemic, with total revenue declining by 4.7% year-over-year to $1.76 billion. This decline was primarily driven by reduced sales volumes in the Uniform Rental and Facility Services segment due to pandemic-related business closures. However, the First Aid and Safety Services segment showed strong growth of 14.6%, partly fueled by increased demand for personal protective equipment. Despite revenue headwinds, Cintas managed its costs effectively, leading to an increase in operating income by 5.5% to $352.9 million. Net income from continuing operations rose by 15.6% to $284.9 million, and diluted earnings per share (EPS) increased by 15.4% to $2.62. The company also generated a healthy $573.0 million in operating cash flow for the first six months of the fiscal year, underscoring its robust liquidity position and ability to navigate the challenging economic environment.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2020
Oct 9, 2020Cintas Corporation (CTAS) reported its fiscal 2021 first-quarter results for the period ending August 31, 2020. Despite a 3.6% decrease in total revenue to $1.75 billion, primarily due to the impact of COVID-19 on business operations, the company demonstrated strong profitability. Net income increased by 19.6% to $300.0 million, leading to a 19.8% rise in diluted earnings per share to $2.78. This performance was driven by effective cost management, including significant reductions in selling and administrative expenses, and improved gross margins in the Uniform Rental and Facility Services segment, which offset lower sales volumes. The company's financial position remains solid, with net cash provided by operating activities increasing by $35.4 million to $312.3 million. Cintas also maintained a strong liquidity position, with cash and cash equivalents at $421.5 million and access to a $1.0 billion revolving credit facility. While the COVID-19 pandemic continues to present uncertainties, Cintas has implemented health and safety measures and has been designated an essential business, allowing for continued operations.
CINTAS CORP Quarterly Report for Q3 Ended Feb 29, 2020
Mar 31, 2020Cintas Corporation (CTAS) reported solid financial results for the nine months ending February 29, 2020, demonstrating continued revenue growth and improved profitability. Total revenue increased by 7.2% year-over-year to $5.47 billion, driven by strong organic growth of 7.1%. The Uniform Rental and Facility Services segment, the company's largest, saw revenue grow 6.0% organically, while the First Aid and Safety Services segment also posted robust organic growth of 12.3%. Profitability metrics also showed improvement, with operating income increasing 16.6% to $955.3 million and net income from continuing operations rising 11.5% to $731.8 million. Diluted earnings per share from continuing operations grew 14.4% to $6.76. The company highlighted operational efficiencies and improved gross margins in its key segments as drivers for this performance. While the report was filed just as the COVID-19 pandemic was escalating, the results reflect a strong operational period prior to significant pandemic impacts.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2019
Jan 9, 2020Cintas Corporation (CTAS) reported strong financial results for the quarter ending November 29, 2019. Total revenue increased by 7.3% year-over-year, reaching $1.84 billion, driven by robust organic growth of 7.3% across its Uniform Rental and Facility Services and other revenue segments. The company demonstrated effective cost management, with selling and administrative expenses as a percentage of revenue decreasing, leading to a significant increase in operating income of 21.3%. Net income from continuing operations grew by 1.4% to $246.4 million, resulting in diluted earnings per share (EPS) from continuing operations of $2.27, a 4.1% increase. The company also continues to return value to shareholders, evident in its increased dividend and active share repurchase program. Cintas' strong operational performance and financial discipline position it well for continued growth.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2019
Oct 8, 2019Cintas Corporation reported strong performance for the first quarter of fiscal year 2020, ending August 31, 2019. Total revenue increased by 6.7% year-over-year, driven by organic growth of 8.3%. This growth was primarily fueled by the Uniform Rental and Facility Services segment, which saw a 5.8% revenue increase, and the First Aid and Safety Services segment, which experienced robust revenue growth of 12.2%. The company demonstrated improved profitability with net income from continuing operations rising by 18.0% and diluted earnings per share (EPS) increasing by 22.8% to $2.32. This strong financial performance reflects effective cost management, increased sales volume, and successful integration of previous acquisitions. The company also continued its capital allocation strategy, repurchasing $193.1 million in common stock during the quarter under its new $1.0 billion share buyback program. Cintas maintains a solid liquidity position, with net cash provided by operating activities significantly increasing to $276.9 million, up from $162.9 million in the prior year period. The company is also actively managing its debt, with no borrowings on its revolving credit facility and a strong compliance with debt covenants, indicating financial stability and operational efficiency.
CINTAS CORP Quarterly Report for Q3 Ended Feb 28, 2019
Apr 5, 2019Cintas Corporation reported solid top-line growth for the nine months ended February 28, 2019, with total revenue increasing by 6.1% to $5.1 billion. This growth was driven by a 5.6% increase in the core Uniform Rental and Facility Services segment and a robust 9.3% increase in the First Aid and Safety Services segment. Diluted earnings per share from continuing operations saw a healthy increase of 10.5% to $5.91 for the same period. The company also demonstrated effective cost management, with selling and administrative expenses increasing only slightly as a percentage of revenue, and improvements in gross margins across key segments. Cintas maintained a strong liquidity position, with net cash provided by operating activities increasing year-over-year. The company continued its commitment to shareholder returns through share repurchases and dividend payments.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2018
Jan 8, 2019Cintas Corporation reported a strong performance for the quarter and six months ended November 30, 2018. Total revenue increased by 7.0% and 6.2% respectively, driven by organic growth in its core Uniform Rental and Facility Services segment and solid performance in First Aid and Safety Services. The company benefited from increased sales volume, strong customer retention, and effective new business acquisition. Net income from continuing operations saw significant year-over-year growth, with diluted EPS also showing robust improvement, partly aided by a lower effective tax rate due to the Tax Cuts and Jobs Act. Financially, Cintas demonstrated healthy operating cash flow and managed its debt effectively. The company also continued its capital allocation strategy by repurchasing shares under its authorized buyback programs. A notable event was the substantial gain from the sale of a cost method investment, which positively impacted net income. Cintas also announced an increase in its annual cash dividend, signaling confidence in its ongoing financial strength and commitment to returning value to shareholders.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2018
Oct 5, 2018Cintas Corporation (CTAS) reported its first quarter fiscal year 2019 results for the period ending August 31, 2018. The company demonstrated solid top-line growth, with total revenue increasing by 5.4% year-over-year to $1.70 billion, driven by a 5.2% organic increase. This growth was primarily fueled by strong performance in the Uniform Rental and Facility Services segment, which saw a 4.8% revenue increase, and the "Other" revenue category (including First Aid and Safety Services) which grew by 7.8%. Profitability also showed improvement, with net income from continuing operations up significantly by 31.9% to $212.5 million. Diluted earnings per share (EPS) from continuing operations rose by 30.3% to $1.89. This strong financial performance was supported by effective cost management and favorable tax adjustments related to the Tax Cuts and Jobs Act. The company also continued its share repurchase program, demonstrating a commitment to returning value to shareholders.
CINTAS CORP Quarterly Report for Q3 Ended Feb 28, 2018
Apr 6, 2018Cintas Corporation's (CTAS) 10-Q filing for the period ending February 28, 2018, demonstrates robust financial performance, largely driven by the strategic acquisition of G&K Services, Inc. (G&K). Total revenue saw a significant increase of 26.6% year-over-year for the quarter and 26.7% for the nine-month period, with organic growth contributing positively. The Uniform Rental and Facility Services segment, significantly bolstered by the G&K integration, showed strong revenue growth. Profitability experienced a substantial boost, with net income from continuing operations increasing by 152.9% for the quarter and 58.5% for the nine-month period. This was partly influenced by a significant provisional tax benefit resulting from the Tax Cuts and Jobs Act. While the G&K acquisition and related integration costs, along with a one-time employee bonus related to tax reform, impacted operating expenses, the company demonstrated strong operational leverage and managed expenses effectively. The company's liquidity remains strong, with significant cash flow from operations. Cintas also continues to manage its capital structure, with notable debt repayments and commercial paper issuances. The company's strategic focus on increasing customer penetration and broadening its customer base, coupled with a proactive approach to acquisitions and operational efficiency, positions it for continued growth.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2017
Jan 5, 2018Cintas Corporation's (CTAS) Q2 FY2018 results show robust top-line growth, driven significantly by the acquisition of G&K Services, Inc. Total revenue increased by 26.4% year-over-year, with organic growth contributing 7.7%. The Uniform Rental and Facility Services segment remains the largest contributor, showing a 30.8% revenue increase, largely due to G&K's integration. While profitability saw some pressure from integration costs and the lower margins of the acquired business, earnings per share from continuing operations still grew by 10.7%. The company also demonstrated strong operational cash flow, enhancing its liquidity position, and maintained compliance with its debt covenants.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2017
Oct 6, 2017Cintas Corporation's (CTAS) 10-Q filing for the period ending August 31, 2017, reveals a strong performance driven by the significant acquisition of G&K Services, Inc. Total revenue surged by 27.2% to $1.61 billion, with organic growth contributing 8.3%. The Uniform Rental and Facility Services segment was the primary growth engine, up 31.9% year-over-year, largely due to the G&K acquisition. Despite increased costs and selling, general, and administrative expenses associated with integration and investments, Cintas demonstrated robust profitability. Net income from continuing operations increased by 18.3% to $161.1 million, translating to diluted EPS from continuing operations of $1.45, up 16.9%. The company also reported significant income from discontinued operations following the sale of a business. Cintas maintained a strong liquidity position, with operating cash flow increasing substantially to $254.4 million. The company remains compliant with its debt covenants and continues to manage its capital structure effectively.
CINTAS CORP Quarterly Report for Q3 Ended Feb 28, 2017
Apr 7, 2017Cintas Corporation's Q3 FY2017 report (filed April 2017) indicates a strong performance driven by consistent revenue growth across its core segments, particularly Uniform Rental and Facility Services. Total revenue for the nine months ended February 28, 2017, increased by 6.6% year-over-year to $3.87 billion, with organic growth contributing significantly. The company's focus on increasing customer penetration and broadening its customer base continues to yield positive results, supported by its extensive service professional network and strategic acquisitions. Despite increased selling and administrative expenses, partly due to investments in growth initiatives and preparations for the G&K Services acquisition, Cintas demonstrated solid profitability. Net income from continuing operations for the nine months rose by 12.2% to $380.2 million, translating to a 15.3% increase in diluted earnings per share from continuing operations to $3.47. The company also provided an update on its significant acquisition of G&K Services, Inc., which closed shortly after the quarter's end, signaling a strategic move to further consolidate its market position and drive future growth. Overall, the report suggests continued operational strength and a proactive approach to strategic expansion.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2016
Jan 6, 2017Cintas Corporation (CTAS) reported solid financial results for the six months ended November 30, 2016, demonstrating continued revenue growth and profitability. Total revenue increased by 7.2% year-over-year, driven by a robust 5.7% organic growth, supplemented by strategic acquisitions. The core Uniform Rental and Facility Services segment showed strength with a 6.9% revenue increase, while the First Aid and Safety Services segment also experienced significant growth of 13.4%, largely due to the ZEE acquisition. Net income from continuing operations saw a substantial increase of 18.0%, and diluted earnings per share from continuing operations grew by 21.9%, reflecting effective operational management and improved financial performance. The company is actively pursuing growth through increased market penetration and customer base expansion, supported by strategic investments in systems and branding. Importantly, Cintas is also in the process of acquiring G&K Services for approximately $2.2 billion, a significant move that is expected to be financed through debt. While this acquisition presents integration challenges and adds leverage, the company's consistent operational execution and ongoing share repurchase program underscore a commitment to shareholder value.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2016
Oct 11, 2016Cintas Corporation's fiscal Q1 2017 report (ending August 31, 2016) demonstrates robust growth and strategic expansion. The company reported a significant increase in revenue, up 7.9% year-over-year, driven by both organic growth and strategic acquisitions. Net income from continuing operations saw a substantial increase of 30.0%, leading to a 35.5% rise in diluted EPS from continuing operations to $1.26. This performance highlights the company's effective execution of its business strategy, focusing on increasing customer penetration and broadening its customer base through both internal efforts and acquisitions. The company also provided key updates on its financial condition and future outlook. Cintas announced a definitive agreement to acquire G&K Services for approximately $2.2 billion, a move expected to significantly expand its market presence. This acquisition is being financed through a combination of debt and Cintas' strong operating cash flow. The report also details Cintas' ongoing commitment to returning capital to shareholders through share repurchases, with a new $500 million program authorized, demonstrating confidence in its financial strength and future prospects.
CINTAS CORP Quarterly Report for Q3 Ended Feb 29, 2016
Apr 8, 2016Cintas Corporation reported solid financial results for the nine months and third quarter ended February 29, 2016. Total revenue saw a healthy increase of 9.7% year-over-year for the quarter and 9.0% for the nine-month period, driven by both organic growth and strategic acquisitions, notably the acquisition of ZEE Medical Inc. The company demonstrated strong operational execution, with its core Uniform Rental and Facility Services segment continuing to be a reliable performer, showing consistent revenue growth and improved gross margins. The company's profitability also improved, with net income from continuing operations increasing by 16.9% for the quarter and 9.4% for the nine-month period. Diluted earnings per share from continuing operations showed significant growth, reflecting improved profitability and the impact of share repurchases. Cintas continues to actively manage its capital structure, with substantial share buyback programs in place and a stable credit rating, indicating financial strength and a commitment to returning value to shareholders. The company also successfully completed the sale of its investment in Shred-it, further streamlining its operations.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2015
Jan 8, 2016Cintas Corporation reported strong performance for the quarter and six months ended November 30, 2015. Total revenue saw a significant increase driven by both organic growth and strategic acquisitions. The Uniform Rental and Facility Services segment remains the largest contributor, showing steady revenue growth and improved gross margins, partly due to lower energy costs and operational efficiencies. The First Aid and Safety Services segment experienced substantial revenue growth, largely fueled by the acquisition of ZEE Medical, though integration costs impacted its gross margin. Financially, the company demonstrated robust earnings growth from continuing operations and a notable increase in diluted earnings per share, supported by effective cost management and a reduced share count from ongoing share repurchase programs. The company also completed the sale of its Shred-it investment, which significantly boosted cash flow from investing activities. Cintas maintains a strong liquidity position and is in compliance with its debt covenants, with stable credit ratings.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2015
Oct 9, 2015Cintas Corporation reported its first-quarter fiscal year 2016 results, ending August 31, 2015. The company demonstrated solid top-line growth, with total revenue increasing by 8.8% to $1.199 billion, driven by a 6.8% organic growth rate and contributions from acquisitions. The core Uniform Rental and Facility Services segment showed a 7.4% revenue increase, while the First Aid and Safety Services segment experienced robust growth of 24.5%. Despite increased operating expenses and costs associated with acquisitions, Cintas managed to maintain its net income from continuing operations at $106.2 million, a slight increase from the prior year. Diluted earnings per share from continuing operations also saw a modest rise to $0.93. The company is actively managing its capital structure, with significant share repurchases continuing under its authorized buyback programs. Cintas also announced the pending sale of its investment in Shred-it, which, along with the prior sale of its Storage business, led to these operations being classified as discontinued. The company's liquidity remains strong, with substantial cash flows from operations and an unused revolving credit facility, positioning it well for ongoing strategic initiatives and shareholder returns.
CINTAS CORP Quarterly Report for Q3 Ended Feb 28, 2015
Apr 2, 2015Cintas Corporation (CTAS) reported solid financial results for the third quarter and the first nine months of fiscal year 2015, ending February 28, 2015. Revenue remained largely stable year-over-year on a consolidated basis, but demonstrated robust organic growth driven primarily by the core "Rental Uniforms and Ancillary Products" segment. The company successfully managed costs, leading to improved operating income and significant growth in diluted earnings per share, boosted by ongoing share repurchases. Key strategic moves during the period included the deconsolidation of the shredding business and the sale of the storage business, which impacted reported revenue figures but allowed for increased focus on core operations. The company also continued its commitment to shareholder returns, completing a $500 million share buyback program and initiating a new one, signaling confidence in its financial health and future prospects. Despite some headwinds from foreign currency fluctuations, Cintas demonstrated operational strength and effective cost management.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2014
Jan 9, 2015Cintas Corporation (CTAS) reported solid performance for the second quarter of fiscal year 2015, ending November 29, 2014. The company demonstrated consistent revenue growth, driven primarily by its core Rental Uniforms and Ancillary Products segment, which saw an organic increase of 8.1% year-over-year. This growth was bolstered by new business acquisition and increased penetration within existing customer relationships, indicating the effectiveness of Cintas' sales strategy and strong customer service. While overall revenue remained relatively flat due to the deconsolidation of its shredding business, the underlying operational strength is evident. Profitability improved significantly, with net income from continuing operations increasing by 22.5% for the quarter, leading to a notable 24.6% rise in diluted earnings per share from continuing operations. This performance reflects improved gross margins and disciplined management of selling and administrative expenses, particularly within the flagship Rental Uniforms and Ancillary Products segment. The company also continued its commitment to shareholder returns through share repurchases and dividend payments.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2014
Oct 10, 2014Cintas Corporation reported solid financial results for the first quarter of fiscal year 2015, ending August 31, 2014. The company demonstrated strong performance in its core Rental Uniforms and Ancillary Products segment, which saw an 8.1% revenue increase year-over-year, driven by new business and improved customer retention. Overall consolidated revenue saw a modest 0.2% increase to $1.102 billion, though this was tempered by the deconsolidation of the shredding business. Net income rose significantly by 41.9% to $110.1 million, leading to a substantial increase in diluted earnings per share from continuing operations to $0.93, up from $0.63 in the prior year. Key financial strengths include robust operating cash flow generation of $148.2 million and a strong balance sheet with $581.5 million in cash and cash equivalents. Cintas also actively returned capital to shareholders through share repurchases. The company continues to focus on increasing market penetration with existing customers and broadening its customer base through organic growth and strategic acquisitions. The strategic divestiture of certain non-core assets, like the document imaging and retention business, signals a continued focus on core operational efficiencies and profitability.
CINTAS CORP Quarterly Report for Q3 Ended Feb 28, 2014
Apr 9, 2014Cintas Corporation (CTAS) reported solid financial results for the third quarter of fiscal year 2014, ending February 28, 2014. The company demonstrated consistent revenue growth across its core business segments, driven by increased sales volume and effective route efficiencies, particularly within the Rental Uniforms and Ancillary Products segment. Net income saw a healthy increase of 13.2% year-over-year for the quarter, and diluted earnings per share rose by 15.0%, aided by share repurchases. Looking at the nine-month period, total revenue grew by 6.5% organically. The company is actively managing its capital through share buyback programs and has maintained compliance with debt covenants, indicating a strong liquidity position. A significant development during the quarter was the announcement of a planned combination of Cintas' Document Shredding business with Shred-it International Inc., creating a joint venture expected to close before the end of fiscal year 2014 and provide significant cash proceeds to Cintas.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2013
Jan 9, 2014Cintas Corporation's (CTAS) filing for the quarter ending November 30, 2013, showcases continued growth and operational efficiency. Total revenue increased by 7.9% year-over-year, driven by strong organic growth across its business segments, particularly in Rental Uniforms and Ancillary Products, and Other Services (which includes Uniform Direct Sales, First Aid, Safety and Fire Protection, and Document Management). This top-line growth translated into a 7.2% increase in net income for the six-month period, demonstrating the company's ability to manage costs effectively and leverage its scale. Financially, Cintas maintained a healthy balance sheet with robust operating cash flow. The company actively managed its capital through share repurchases, repurchasing over $157 million worth of stock in the first six months of fiscal 2014. Cintas also highlighted its commitment to shareholder returns through a consistent dividend payment. Despite some ongoing litigation, the company appears to be on solid financial footing, with strong operational performance and a clear business strategy focused on customer satisfaction and long-term shareholder value.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2013
Oct 10, 2013Cintas Corporation's (CTAS) 10-Q filing for the period ending August 31, 2013, demonstrates solid top-line growth driven by its core Rental Uniforms and Ancillary Products segment, which saw a 5.0% revenue increase. Overall revenue grew by 6.6% to $1.12 billion, with organic growth of 7.1% indicating strong underlying business performance. While net income saw a modest increase of 1.3% to $77.8 million, diluted earnings per share rose 5.0% to $0.63, benefiting from a reduction in outstanding shares due to ongoing share repurchases. The company's financial health remains robust, supported by consistent operating cash flow, although slightly lower than the prior year. Cintas continues to actively manage its capital structure, with significant share buybacks undertaken during the quarter. Management highlights operational efficiencies, particularly in selling and administrative expenses, which grew slower than revenue, indicating effective cost leverage. However, investors should note potential headwinds from reduced industrial paper prices impacting the Document Management Services segment and the ongoing litigation risks, though management currently believes these will not have a material adverse effect.
CINTAS CORP Quarterly Report for Q3 Ended Feb 28, 2013
Apr 9, 2013Cintas Corporation's filing for the nine months ended February 28, 2013, demonstrates continued revenue growth, with a 4.6% increase to $3.2 billion, driven by solid organic performance in its core Rental Uniforms and Ancillary Products segment and strategic acquisitions in the First Aid, Safety and Fire Protection Services and Document Management segments. Net income saw a modest increase of 4.8% to $229.5 million for the nine-month period. Despite some pressure on gross margins in the Rental segment due to increased material and service costs, and a decline in the Document Management segment influenced by lower recycled paper prices, the company's operational efficiency and strategic focus on sales representative productivity have supported overall profitability. The company also highlighted continued share repurchases and a stable financial position, supported by its credit ratings and access to debt markets.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2012
Jan 9, 2013Cintas Corporation reported solid financial results for the second quarter and the first half of fiscal year 2013, ending November 30, 2012. Total revenue increased by 4.0% for the quarter and 3.7% for the six-month period, driven primarily by organic growth in the core Rental Uniforms and Ancillary Products segment. Net income saw a healthy increase of 4.9% for the quarter and 8.2% for the six-month period, with diluted earnings per share rising by 10.5% and 12.8% respectively, benefiting from share repurchases. The company demonstrated effective cost management, with selling and administrative expenses decreasing for both periods. While the cost of rental uniforms and ancillary products increased due to higher sales volume and material costs, operational efficiencies and strong top-line growth in the core segment helped maintain profitability. The company also successfully managed its debt, issuing new senior notes with a lower interest rate, which contributed to a reduction in net interest expense. Cintas remains focused on its strategy of increasing customer penetration and broadening its customer base, supported by investments in its sales force and strategic acquisitions.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2012
Oct 10, 2012Cintas Corporation reported solid performance for the three months ended August 31, 2012, with total revenue increasing by 3.4% to $1,051.3 million. This growth was primarily driven by the Rental Uniforms and Ancillary Products segment, which saw a 4.9% increase in revenue, demonstrating continued strength in its core business. The company also reported an increase in net income of 11.8% to $76.7 million and a 15.4% rise in diluted earnings per share to $0.60, reflecting improved operational efficiency and a more favorable cost structure. Financially, Cintas strengthened its balance sheet by issuing $250 million in senior notes and repaying existing debt, resulting in lower interest expenses. The company also continued its share buyback program, demonstrating a commitment to returning value to shareholders. While the Document Management Services segment experienced a revenue decline due to lower recycled paper prices, the overall operational and financial results indicate a company effectively managing its business and generating positive returns for investors.
CINTAS CORP Quarterly Report for Q3 Ended Feb 29, 2012
Apr 9, 2012Cintas Corporation (CTAS) reported strong financial results for the nine months and third quarter ended February 29, 2012. Revenue saw a significant increase of 7.9% year-over-year for the third quarter and 8.9% for the nine-month period, driven by organic growth and strategic acquisitions across its diverse business segments. The company demonstrated effective cost management, with selling and administrative expenses growing at a slower pace than revenue, leading to improved operating income and net income. Diluted earnings per share also saw a substantial increase, bolstered by revenue growth and a reduction in outstanding shares due to ongoing share repurchase programs. The company's core Rental Uniforms and Ancillary Products segment continues to be a strong performer, showing robust revenue growth and improved margins. Other segments, including First Aid, Safety and Fire Protection Services, and Uniform Direct Sales, also contributed positively to the overall performance. While the Document Management Services segment experienced some headwinds due to declining recycled paper prices, overall revenue and income growth across the company remain positive. Cintas maintains a healthy balance sheet and strong liquidity, with ample cash flow from operations to fund its business and shareholder returns. The company reaffirmed its financial position and operational strength, projecting continued growth and value creation for its shareholders.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2011
Jan 9, 2012Cintas Corporation's (CTAS) 10-Q filing for the period ending November 30, 2011, demonstrates a strong financial performance characterized by robust revenue growth and improved profitability. The company reported a notable increase in both revenue and net income for the three and six-month periods compared to the prior year. This growth was primarily driven by organic expansion across its core segments, particularly Rental Uniforms and Ancillary Products and First Aid, Safety, and Fire Protection Services, with acquisitions also contributing positively. Key operational improvements, such as enhanced sales representative productivity and better capacity utilization, contributed to margin expansion and a more favorable selling and administrative expense ratio. The company also successfully managed its costs, despite some inflationary pressures. Cintas continues to prioritize shareholder returns through active share repurchase programs and a consistent dividend payout, underscoring its commitment to enhancing shareholder value. While facing some challenges like increased cotton prices and a challenging European economic environment, the company's strategic focus and operational efficiency position it well for continued growth.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2011
Oct 7, 2011Cintas Corporation reported a solid first quarter for fiscal year 2012, with total revenue increasing by 10.1% year-over-year to $1.017 billion. This growth was driven by a strong organic increase of 7.6%, complemented by 2.5% growth from acquisitions, particularly in the Document Management and First Aid/Safety segments. Net income rose by 12.0% to $68.6 million, and diluted earnings per share (EPS) saw a significant 30.0% increase to $0.52, benefiting from a reduced share count due to share repurchases. The company demonstrated improved operating efficiency, with selling and administrative expenses growing at a slower pace than revenue. The Rental Uniforms and Ancillary Products segment remains the largest contributor, showing 9.4% revenue growth and improved gross and operating margins. The "Other Services" revenue, encompassing Uniform Direct Sales, First Aid/Safety, and Document Management, also grew robustly at 11.8%, with Document Management and First Aid/Safety being key organic growth drivers. Despite increased interest expenses due to recent debt issuance, Cintas maintained strong compliance with debt covenants and a healthy liquidity position.
CINTAS CORP Quarterly Report for Q3 Ended Feb 28, 2011
Apr 8, 2011Cintas Corporation's (CTAS) fiscal third quarter 2011 report for the period ending February 28, 2011, demonstrates solid top-line growth and improved profitability. Total revenue increased by 8.8% year-over-year, driven by a combination of organic growth (5.5%) and strategic acquisitions, particularly in the Document Management Services, First Aid, Safety and Fire Protection Services, and Rental Uniforms and Ancillary Products segments. Profitability also saw a significant boost, with net income rising by 20.6% and diluted earnings per share increasing by 28.1% to $0.41, benefiting from revenue growth outpacing operating expense increases and the positive impact of share repurchases. The company's core Rental Uniforms and Ancillary Products segment showed consistent performance with steady gross margins, while the "Other Services" segments, including Uniform Direct Sales, First Aid, Safety, and Document Management, experienced robust growth, signaling successful diversification and expansion efforts. Management highlights improved sales representative productivity and customer retention as key drivers for this performance. The company maintained compliance with debt covenants and a healthy liquidity position, supported by operating cash flows and an established credit facility.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2010
Jan 7, 2011Cintas Corporation's (CTAS) 10-Q filing for the period ending November 30, 2010, shows a revenue increase of 5.9% to $936.6 million for the quarter, driven by organic growth and strategic acquisitions, particularly in the Document Management and First Aid segments. While overall net income saw a slight decrease of 2.3% to $55.9 million for the quarter ($0.38 EPS), the six-month period demonstrated a 5.4% increase in net income to $117.1 million ($0.78 EPS), reflecting strong performance in the "Other Services" revenue streams. The company continues to invest in growth, with capital expenditures increasing significantly year-over-year, primarily for system conversions and expansion. Cintas also significantly repurchased $203.3 million of its common stock during the six-month period, utilizing existing cash reserves, and announced a new $500 million share buyback program. The company remains compliant with its debt covenants and maintained stable credit ratings, indicating a solid financial position despite increased operating expenses like selling and administrative costs and energy prices.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2010
Oct 8, 2010Cintas Corporation reported a modest increase in revenue for the fiscal first quarter ended August 31, 2010, compared to the prior year, driven by growth in "Other Services" and acquisitions, offsetting slower performance in its core "Rental Uniforms and Ancillary Products" segment. Net income saw a healthy rise, largely due to a year-over-year reduction in expenses, notably the absence of a significant legal settlement expense incurred in the prior year, and a lower effective tax rate. Diluted Earnings Per Share (EPS) improved by 14.3%, reflecting the positive impact on profitability. The company's balance sheet indicates a decrease in cash and cash equivalents, primarily due to substantial share repurchases, capital expenditures, and acquisitions. Despite this, Cintas maintains a solid liquidity position and a stable debt-to-capitalization ratio. The company's strategic focus remains on expanding customer penetration and broadening its customer base through organic growth and strategic acquisitions across its diverse service offerings.
CINTAS CORP Quarterly Report for Q3 Ended Feb 28, 2010
Apr 9, 2010Cintas Corporation (CTAS) reported a decrease in revenue and net income for the three and nine months ended February 28, 2010, compared to the prior year. This decline is primarily attributed to broader economic conditions, including job losses impacting customer demand for uniform rentals and ancillary products. Despite the revenue challenges, the company demonstrated improved cost management, particularly in the cost of goods sold for both rental uniforms and other services. The Document Management Services segment showed robust growth, significantly offsetting declines in other areas. The company also maintained a strong cash position and improved its debt-to-capitalization ratio, indicating financial resilience amidst the economic downturn.
CINTAS CORP Quarterly Report for Q2 Ended Nov 30, 2009
Jan 8, 2010Cintas Corporation (CTAS) reported its financial results for the second quarter and first half of fiscal year 2010, ending November 29, 2009. The company experienced a significant revenue decline of 10.2% for the quarter and 10.6% for the first half, attributed to the challenging U.S. and Canadian economic conditions leading to job losses and reduced customer spending. Despite the revenue decrease, Cintas demonstrated effective cost management, with selling and administrative expenses decreasing by 8.9% for the quarter and 8.4% for the half. This cost control, combined with a substantial increase in cash generated from operations, helped to mitigate the impact of the economic downturn on profitability, although net income and EPS saw declines compared to the prior year. The company also reported progress in its Document Management Services segment, which showed revenue growth.
CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2009
Oct 9, 2009Cintas Corporation (CTAS) reported its first quarter results for fiscal year 2010, ending August 31, 2009. The company experienced a significant revenue decline of 11.0% year-over-year, totaling $891.6 million, largely attributed to the challenging economic environment impacting customer employment and facility usage. Net income also decreased by 31.3% to $53.98 million, resulting in diluted earnings per share of $0.35, down from $0.51 in the prior year's quarter. Despite the downturn, Cintas managed to increase its cash and cash equivalents and marketable securities by $107.7 million sequentially to $357.9 million, indicating a focus on liquidity and operational efficiency. The company's core Rental Uniforms and Ancillary Products segment saw a 9.1% revenue decrease, while other services collectively declined by 16.0%. Notable cost-saving measures were implemented, including a reduction in selling and administrative expenses by 8.0% and a decrease in energy-related costs. Additionally, Cintas finalized a settlement in principle for a wage and hour lawsuit, with a pre-tax impact of approximately $19.5 million net of insurance proceeds. While the current economic climate presents headwinds, Cintas continues to manage its operations effectively, with a focus on cost control and maintaining a strong liquidity position. The company's business strategy remains centered on increasing penetration at existing customers and broadening its customer base, alongside strategic acquisitions.