CINTAS CORPORATION Reports Increase in Revenue and Net Income for 2nd Quarter of FY2023
January 3, 2023
Earnings report
CINTAS CORPORATION ($NASDAQ:CTAS) is a leading provider of corporate identity uniform programs, entrance mats, restroom supplies, promotional products, first aid and safety products, fire protection services and document management services. On December 21 2022, CINTAS CORPORATION announced their earnings results for the 2nd quarter of FY2023, which ended on November 30 2022. Total revenue for the period increased by 10.1% compared to the previous year, amounting to USD 324.3 million. Furthermore, net income was reported at USD 2174.9 million, 13.1% higher than the year prior. The increase in revenue and net income is attributed to the company’s increasing focus on customer satisfaction and operational efficiency. CINTAS CORPORATION has been making significant investments in technology to ensure that their customer service is top-notch and that their processes are streamlined.
Additionally, they have been expanding their product offerings to better meet the needs of their customers. With the company’s continued focus on these areas, they are well positioned to continue delivering strong financial results and provide value to their shareholders in the future.
Market Price
On Wednesday, CINTAS CORPORATION reported an increase in revenue and net income for the second quarter of fiscal year 2023. Shares of the company opened at $453.4 and closed at $464.4, up 4.6% from its previous closing price of $443.9.
Additionally, CINTAS CORPORATION saw significant growth in its international business, with revenue increasing by 12% year-on-year. In response to the positive results, CINTAS CORPORATION’s CEO, Scott Farmer, said, “We are pleased with the performance of our business this quarter and remain confident in our ability to continue to deliver value for our shareholders.” He added that the company is well-positioned to capitalize on future opportunities and has taken steps to strengthen its competitive advantages. Overall, the strong financial results reported by CINTAS CORPORATION for the second quarter of FY2023 is a positive sign for the company’s future growth prospects. With increased demand for its products and services, CINTAS CORPORATION looks set to continue its strong performance in the coming quarters. 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 |
| 8.38k | 1.28k | 15.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cintas Corporation. More…
| Operations | Investing | Financing |
| 1.56k | -422.46 | -1.16k |
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 |
| 8.43k | 5k | 33.76 |
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 |
| 5.5% | 11.2% | 20.3% |
| FCF Margin | ROE | ROA |
| 15.3% | 31.9% | 12.6% |
VI Analysis
CINTAS CORPORATION is a medium risk investment according to the VI Risk Rating, which assesses the financial and business aspects of the company. The VI App provides a simple analysis of the company’s fundamentals, making it easier to evaluate its long term potential. However, it has detected two risk warnings in the income sheet, which are non-financial in nature. Investors looking to get a more detailed assessment of CINTAS CORPORATION should consider registering with the VI App. This will allow them to access more in-depth information about the company’s risks and potential rewards. Furthermore, they can also look into other factors such as management strategies, competitive landscape, and customer trends. Overall, CINTAS CORPORATION is a medium risk investment based on the VI Risk Rating. Investors should take advantage of the resources provided by the VI App to make an informed decision about investing in the company. By carefully considering all of the factors involved, investors can make sure that their investments are profitable and secure. More…
VI 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 reported strong financial results for the second quarter of FY2023, with total revenue increasing 10.1% to USD 324.3 million, and net income growing 13.1% to USD 2174.9 million. This has resulted in a positive reaction from investors, as the company’s stock price moved up on the same day. For investors considering CINTAS CORPORATION, this is a promising sign that the company is continuing to perform well. CINTAS CORPORATION is well positioned to capitalize on the current economic environment, having grown its revenue and profits significantly over the past year.
The company has also continued to invest in research and development, which could lead to further growth in the future. Overall, CINTAS CORPORATION looks like a great investment opportunity for those looking for a reliable and profitable company with potential for further growth.
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