Cintas Corp. (CTAS) Tops Q3 EPS by 10c, Offers Guidance

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Go back to Cintas Corp. (CTAS) Tops Q3 EPS by 10c, Offers Guidance

Cintas Corporation Announces Fiscal 2023 Third Quarter Results

March 29, 2023 8:30 AM EDT

CINCINNATI--(BUSINESS WIRE)-- Cintas Corporation (Nasdaq: CTAS) today reported results for its fiscal 2023 third quarter ended February 28, 2023. Revenue for the third quarter of fiscal 2023 was $2.19 billion compared to $1.96 billion in last years third quarter, an increase of 11.7%. The organic revenue growth rate for the third quarter of fiscal 2023, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 11.8%.

Gross margin for the third quarter of fiscal 2023 was $1,034.0 million compared to $898.2 million in last years third quarter, an increase of 15.1%. Gross margin as a percentage of... More