Cintas Corp. (CTAS) Tops Q1 EPS by 28c, Raises Guidance

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Go back to Cintas Corp. (CTAS) Tops Q1 EPS by 28c, Raises Guidance

Cintas Corporation Announces Fiscal 2023 First Quarter Results

September 28, 2022 8:30 AM EDT

CINCINNATI--(BUSINESS WIRE)-- Cintas Corporation (Nasdaq: CTAS) today reported results for its fiscal 2023 first quarter ended August 31, 2022. Revenue for the first quarter of fiscal 2023 was $2.17 billion compared to $1.90 billion in last years first quarter, an increase of 14.2%. The organic revenue growth rate for the first quarter of fiscal 2023, which adjusts for the impacts of acquisitions, divestitures and foreign currency exchange rate fluctuations, was 13.9%.

Gross margin for the first quarter of fiscal 2023 was $1,028.1 million compared to $902.8 million in last years first quarter, an increase of 13.9%. Gross margin as a... More