Cintas Corp. (NASDAQ: CTAS) reported Q3 EPS of $2.97, $0.55 better than the analyst estimate of $2.42. Revenue for the quarter came in at $1.96 billion versus the consensus estimate of $1.9 billion.

GUIDANCE:

Cintas Corp. sees Q4 2022 EPS of $2.54-$2.74, versus the consensus of $2.63. Cintas Corp. sees Q4 2022 revenue of $1.96-2.02 billion, versus the consensus of $1.96 billion.

• Mr. Schneider concluded, "We are increasing our financial guidance. We expect our fiscal 2022 fourth quarter revenue to be in the range of $1.96 billion to $2.02 billion and diluted EPS to be in the range of $2.54 to $2.74. Our fourth quarter fiscal 2022 effective tax rate is expected to be approximately 23.2% compared to a rate of 19.4% for last year's fourth quarter. The expected higher effective tax rate is anticipated to negatively impact fiscal 2022 fourth quarter diluted EPS guidance by approximately $0.14 and diluted EPS growth by approximately 560 basis points. Our financial guidance includes share buybacks through March 22, 2022 but does not include the impact of any future share buybacks."

For earnings history and earnings-related data on Cintas Corp. (CTAS) click here.