NASDAQ$CTAS

Cintas Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Cintas' financial performance remained strong despite economic disruptions, with revenue at $1.78 billion and diluted EPS at $2.37.

Cintas Corporation reported its fiscal year 2021 third quarter results, with revenue reaching $1.78 billion and diluted earnings per share increasing to $2.37. The company faced challenges from the COVID-19 pandemic and severe winter weather, but strong demand for personal protective equipment helped exceed financial expectations. Cintas expects revenue to be in the range of $1.80 billion to $1.83 billion and diluted EPS to be in the range of $2.20 to $2.40 for the fiscal fourth quarter.

  • Revenue for Q3 2021 was $1.78 billion, compared to $1.81 billion in Q3 2020.
  • Diluted earnings per share (EPS) increased by 9.7% to $2.37.
  • Operating income increased by 3.8% to $326.5 million.
  • Net income from continuing operations increased by 10.2% to $258.4 million.

Headline financials

Total Revenue

$1.78B

Previous: $1.81B-1.9%
EPS (adj)

$0.59

Previous: $0.54+9.3%
Organic Revenue Growth

-0.1%

Previous: 5.7%-101.8%
Capital Expenditures

-$100M

Previous: -$189M+47.0%
Free Cash Flow

$158M

Previous: $45.1M+250.0%
Net Income

$258M

Previous: $235M+10.2%
Operating Income

$326M

Previous: $315M+3.8%
Gross Profit

$810M

Previous: $1.81B-55.3%
Cash & Equivalents

$554M

Previous: $234M+136.1%
Total Assets

$8.35B

Previous: $7.9B+5.6%
Stock-Based Comp

$25.8M

Previous: $27M-4.5%

Revenue & EPS history

Cintas · Revenue · Quarterly

$1.78B

Q3 2021-1.9%vs Q3 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Cintas · $1.78B total across 3 segments · Q3 2021

  • Uniform Rental
    $1.42B-2.1%
  • First Aid & Safety
    $198M+16.4%
  • All Other
    $161M-16.3%

Forward guidance

For the fiscal fourth quarter, Cintas expects revenue to be in the range of $1.80 billion to $1.83 billion and diluted EPS to be in the range of $2.20 to $2.40.

Tailwinds

  • Revenue expected to be in the range of $1.80 billion to $1.83 billion.
  • Diluted EPS expected to be in the range of $2.20 to $2.40.

Headwinds

  • Guidance does not include any future share buybacks.
  • Guidance does not include additional restrictions on businesses due to increasing COVID-19 case counts.

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 2021

Historical avgQ3 2021

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro