CINTAS CORPORATION Reports Fourth Quarter Earnings for FY2023
July 14, 2023
🌥️Earnings Overview
On July 13 2023, CINTAS CORPORATION ($NASDAQ:CTAS) revealed their financial report for the fourth quarter of FY2023, which ended on May 31 2023. The company saw an increase of 10.1% in total revenue compared to the same period from the prior year, amounting to $2284.5 million. Net income also rose 17.6% year over year, to a total of $346.2 million.
Share Price
At its opening price of $489.6, CINTAS CORPORATION‘s stock rose by 0.3%, closing at $494.5. The performance of CINTAS CORPORATION stock was largely a positive one, with analysts expecting the company to continue delivering strong earnings in the future. Investors remain confident in CINTAS CORPORATION’s ability to deliver on its promises, as it has done so for a number of quarters in the past year.
In addition, CINTAS CORPORATION’s strategic investments and initiatives have helped boost both its stock and its customer base. Overall, the outlook for CINTAS CORPORATION is looking very promising, with the company continuing to report strong growth in revenue and profits. Investors will be keeping an eye on the company in the coming quarters to see if they can continue to capture similar gains in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cintas Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 8.82k | 1.35k | 15.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cintas Corporation. More…
| Operations | Investing | Financing |
| 1.6k | -388.67 | -1.17k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cintas Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.55k | 4.68k | 37.99 |
Key Ratios Snapshot
Some of the financial key ratios for Cintas Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.6% | 15.7% | 20.5% |
| FCF Margin | ROE | ROA |
| 14.4% | 30.1% | 13.2% |
Analysis
GoodWhale conducted an analysis of CINTAS CORPORATION‘s wellbeing and based on Star Chart, we classified them as a ‘gorilla’, a type of company that has seen stable and high revenue or earning growth due to its strong competitive advantage. Potential investors interested in such companies may be drawn to CINTAS CORPORATION due to their strong asset, dividend, growth, and profitability. With a high health score of 9/10 considering their cashflows and debt, CINTAS CORPORATION is capable of safely riding out any crisis without the risk of bankruptcy. Our analysis affirms that CINTAS CORPORATION is a prime pick for investors looking to make a safe and secure investment for the long-term. More…
Peers
Cintas Corp is a provider of uniforms and facility services to businesses worldwide. Its competitors are HITO-Communications Holdings Inc, White Fox Ventures Inc, and Nihonwasou Holdings Inc.
– HITO-Communications Holdings Inc ($TSE:4433)
HITO-Communications Holdings Inc is a Japanese telecommunications company with a market cap of 28.76B as of 2022. The company has a Return on Equity of 21.29%. HITO-Communications provides mobile phone, fixed-line telephone, and Internet services in Japan. The company was founded in 1985 and is headquartered in Tokyo, Japan.
– White Fox Ventures Inc ($OTCPK:AWAW)
As of 2022, White Fox Ventures Inc has a market cap of 1.03M and a return on equity of 318.93%. White Fox Ventures Inc is a venture capital firm that specializes in investments in the technology, healthcare, and media industries.
– Nihonwasou Holdings Inc ($TSE:2499)
Nihonwasou Holdings Inc is a Japanese real estate company with a market cap of 2.79B as of 2022. The company’s Return on Equity is 10.05%. The company engages in the business of leasing, selling, and managing apartments and other properties.
Summary
CINTAS CORPORATION has demonstrated strong financial performance in the fourth quarter of FY2023, with total revenue increasing 10.1% to $2284.5 million and net income rising 17.6% to $346.2 million. This indicates strong customer demand, efficient cost management and a well-executed strategy. Investors should be encouraged by this performance, especially when compared to the same period in the previous year. The company is well-positioned for ongoing success and should be a solid long-term investment option.
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