NASDAQ$CTAS

Cintas Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported an increase in revenue and EPS, but withdrew full fiscal year guidance due to COVID-19 uncertainty.

Cintas Corporation reported a 7.6% increase in revenue and a 17.4% increase in EPS for the third quarter of fiscal year 2020. However, due to the uncertainty caused by the COVID-19 pandemic, the company withdrew its full fiscal year guidance.

  • Revenue increased by 7.6% compared to the last year's third quarter.
  • Earnings per diluted share (EPS) increased by 17.4% over last year's third quarter, adjusted for G&K Services, Inc. integration expenses.
  • Free cash flow increased by 17.2% compared to the last year's third quarter.
  • The company withdrew its full fiscal year guidance due to the uncertainty caused by the COVID-19 pandemic.

Headline financials

Total Revenue

$1.81B

Previous: $1.68B+7.6%
EPS (adj)

$0.54

Previous: $0.46+17.4%
Organic Revenue Growth

5.7%

No prior period
Gross Margin

45.5%

No prior period
Operating Margin

17.4%

No prior period
Net Income Margin

13.0%

No prior period
Capital Expenditures

-$189M

Previous: -$208M+8.9%
Free Cash Flow

$45.1M

Previous: -$4.47M+1109.6%
Net Income

$235M

Previous: $203M+15.3%
Operating Income

$315M

Previous: $278M+13.1%
Gross Profit

$1.81B

Previous: $1.68B+7.6%
Cash & Equivalents

$234M

Previous: $80.9M+189.9%
Total Assets

$7.9B

Previous: $7.43B+6.3%
Stock-Based Comp

$27M

Previous: $30.8M-12.2%

Revenue & EPS history

Cintas · Revenue · Quarterly

$1.81B

Q3 2020+7.6%vs Q3 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Cintas · $1.81B total across 3 segments · Q3 2020

  • Uniform Rental
    $1.45B+6.6%
  • All Other
    $192M+9.9%
  • First Aid & Safety
    $171M+14.3%

Forward guidance

Due to the uncertainty, including the severity and duration of the COVID-19 coronavirus pandemic, Cintas is not providing guidance for the fourth quarter of fiscal 2020 at this time and withdrawing full fiscal year guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+0.8%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+3.6%

Avg return

30 days after

54%

37 / 68 earnings

Positive

+9.8%

Q4 2017

Best reaction

-8.5%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.5%+1.2%
Q2 2026+0.7%+1.8%+4.3%
Q1 2026-0.3%+1.7%-4.9%
Q4 2025-1.7%+2.3%+2.1%
Q3 2025+5.8%+6.2%+7.7%
Q2 2025-8.5%-7.8%-3.0%
Q1 2025+1.1%+0.5%+1.2%
Q4 2024+5.4%+5.0%+6.3%
Q3 2024+8.5%+7.4%+5.2%
Q2 2024+7.5%+8.8%+8.2%
Q1 2024-4.8%-4.8%-1.4%
Q4 2023+0.7%+2.2%-0.6%
Q3 2023+5.4%+3.9%+2.7%
Q2 2023+1.9%+3.0%-1.7%
Q1 2023+1.6%+4.5%+11.5%
Q4 2022+2.8%+2.4%+15.0%
Q3 2022+4.4%+7.7%+3.8%
Q2 2022-0.4%+1.2%-13.1%
Q1 2022-1.4%+0.0%+12.2%
Q4 2021+1.9%+2.7%+2.8%
Q3 2021-3.1%-3.3%+0.7%
Q2 2021-1.9%-2.2%-4.2%
Q1 2021-1.7%+3.7%+4.3%
Q4 2020+4.6%+1.5%+10.7%
Q3 2020-1.6%-2.3%+14.7%
Q2 2020+2.0%+4.1%+9.9%
Q1 2020+4.7%+4.5%+6.9%
Q4 2019+7.0%+6.0%+6.9%
Q3 2019-5.2%-2.8%+4.1%
Q2 2019-3.1%-5.5%+12.0%
Q1 2019-4.7%-6.3%-17.7%
Q4 2018+5.7%+7.5%+10.5%
Q3 2018-3.1%-2.1%-0.1%
Q2 2018-1.4%-2.2%+3.1%
Q1 2018+5.2%+5.4%+10.7%
Q4 2017+9.8%+8.9%+5.2%
Q3 2017+1.7%+1.1%-0.5%
Q2 2017-2.6%-2.5%-4.7%
Q1 2017+2.6%-0.5%-6.6%
Q4 2016+9.4%+10.5%+16.6%
Q3 2016-4.3%
Q2 2016+2.9%
Q1 2016+2.1%
Q4 2015-0.6%
Q3 2015-1.5%
Q2 2015+8.8%
Q1 2015+6.5%
Q4 2014+2.0%
Q3 2014+0.6%
Q2 2014+5.4%
Q1 2014-0.1%
Q4 2013-1.9%
Q3 2013-3.5%
Q2 2013-1.9%
Q1 2013-1.5%
Q4 2012-4.7%
Q3 2012-3.1%
Q2 2012+1.9%
Q1 2012+1.5%
Q4 2009-1.7%
Q4 2011-1.7%
Q3 2011-2.1%
Q3 2010-2.1%
Q2 2011+0.3%
Q2 2010+0.3%
Q1 2011+0.6%
Q4 2010+0.6%
Q1 2010+0.6%

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