CINTAS CORPORATION Reports Total Revenue and Net Income for Fourth Quarter of FY2023

🌥️Earnings Overview

On July 13 2023, CINTAS CORPORATION ($NASDAQ:CTAS) reported that its total revenue for the fourth quarter of Fiscal Year 2023 (ending May 31 2023) had increased by 10.1% year-over-year to USD 2284.5 million. Additionally, the company’s net income rose 17.6% to USD 346.2 million compared to the same period last year.

Price History

Their stock opened at $489.6 and closed at $494.5, marking a 0.3% increase from the previous closing price of $493.0. Cintas Corporation President and CEO Scott D. Farmer commented on the report, stating that “our team achieved strong results for the fourth quarter. With such strong numbers, Cintas Corporation is set to continue their trend of success in the coming quarters and years. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cintas Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cintas Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cintas Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Cintas Corporation are shown below. More…

Analysis

As GoodWhale, we performed an analysis regarding CINTAS CORPORATION‘s wellbeing. Based on the Star Chart, we found that CINTAS CORPORATION is strong in asset, dividend, growth, and profitability. With a high health score of 9/10 with regard to its cashflows and debt, it is capable to pay off debt and fund future operations. We classified CINTAS CORPORATION as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given CINTAS CORPORATION’s strong performance, investors who seek reliable and consistent returns may be interested in this company. Furthermore, those who are interested in investing in a large and established company may also find CINTAS CORPORATION attractive as an investment opportunity. Additionally, investors with an appetite for risk may see potential for higher returns, given the company’s strong performance and continued growth prospects. 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 had a strong fourth quarter of FY 2023, with a 10.1% increase in total revenue and a 17.6% increase in net income year-over-year. Overall, this is a positive indicator for investors looking to enter the company’s stock or increase their exposure. CINTAS Corporation is well positioned for growth based on its stellar financial performance and strength in multiple sectors. With a strong balance sheet and an impressive history of operational excellence, CINTAS Corporation provides a good outlook for investors in the mid to long term.