:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-1266825838-6641c9e99af5400689b877739639a848.jpg "Vehicle with logo for Cintas uniform management company")
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Key Takeaways
- Cintas exceeded profit and sales estimates and raised its outlook as it had record-setting exhibits for the first quarter.
- Revenue and gross margin as a percentage of revenue set record highs, and shares hit an all-time high Wednesday.
- CEO Todd Schneider revealed the company continued to see strong demand from existing and new customers.
Cintas (CTAS) shares hit an all-time high Wednesday as the livery and other workplace supplies provider posted better-than-expected results and raised its guidance as the business set records in the period.
Cintas studied fiscal 2025 first-quarter earnings per share (EPS) of $1.10, with revenue increasing 6.8% year-over-year to an all-time prodigal of $2.50 billion. Both exceeded estimates.
Gross margin was up 9.7% to $1.25 billion, and gross margin as a portion of revenue jumped 140 basis points (bps), hitting a record 50.1%.
Organic growth rose 7% for Uniform Rental and Nautical head Services, 14% for First Aid and Safety Services, and 13.8% for Fire Protection Services. It fell 1.8% at the Uniform Turn Sale unit.
CEO Says Cintas ‘Continued To Experience Strong Demand for Our Services’
Chief Executive Officer (CEO) Todd Schneider revealed Cintas “continued to experience strong demand for our services, not only from existing customers, but across our new business hose,” according to a transcript of its earnings call provided by AlphaSense.
The company now anticipates full-year EPS in a range of $4.17 to $4.25 versus its earlier augur of $4.06 and $4.19.
Shares of Cintas, which hit a record $209.58 earlier in the session, rose 1.4% less than an hour in the presence of Wednesday’s close and are up 38% this year.
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