NASDAQ$CTAS

Cintas Corp · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Reported fourth quarter and full year results for fiscal year 2024, demonstrating robust revenue growth and margin expansion.

Cintas Corporation reported strong Q4 2024 results with revenue increasing by 8.2% to $2.47 billion and diluted EPS increasing by 19.8% to $3.99. The company's performance reflects its strong value proposition and effective execution of its growth strategy.

  • Revenue for the fourth quarter of fiscal 2024 was $2.47 billion, an increase of 8.2% compared to the previous year.
  • Diluted earnings per share (EPS) for the fourth quarter of fiscal 2024 was $3.99, an increase of 19.8% compared to the previous year.
  • Operating income for the fourth quarter of fiscal 2024 was $547.6 million, an increase of 16.3% compared to the previous year.
  • For fiscal year 2025, revenue is expected to be in the range of $10.16 billion to $10.31 billion, and diluted EPS is expected to be in the range of $16.25 to $16.75.

Headline financials

Total Revenue

$2.47B

Previous: $2.28B+8.2%
EPS (adj)

$1.00

Previous: $0.83+20.5%
Gross Margin

49.2%

No prior period
Operating Margin

22.2%

Previous: 20.6%+7.8%
Net Income Margin

16.8%

No prior period
Capital Expenditures

-$102M

Previous: $107M-195.3%
Net Income

$414M

Previous: $346M+19.7%
Operating Income

$548M

Previous: $471M+16.3%
Gross Profit

$1.22B

Previous: $1.09B+11.6%
Stock-Based Comp

$32.5M

Previous: $28.3M+14.9%

Revenue & EPS history

Cintas · Revenue · Quarterly

$2.47B

Q4 2024+8.2%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Cintas · $2.38B total across 3 segments · Q2 2024

  • Uniform Rental
    $1.85B+8.2%
  • First Aid & Safety
    $266M+12.9%
  • All Other
    $260M+13.7%

Forward guidance

For fiscal year 2025, revenue is expected to be in the range of $10.16 billion to $10.31 billion, and diluted EPS is expected to be in the range of $16.25 to $16.75.

Tailwinds

  • Revenue is expected to be in the range of $10.16 billion to $10.31 billion.
  • Diluted EPS is expected to be in the range of $16.25 to $16.75.
  • Fiscal year 2025 effective tax rate is expected to be 20.4%, the same compared to fiscal 2024.
  • Continued confidence in the company's strategy.
  • Focus on delivering outstanding customer experiences.

Headwinds

  • There are two fewer workdays in fiscal 2025 compared to fiscal 2024.
  • Guidance does not assume any future acquisitions.
  • Guidance assumes a constant foreign currency exchange rate.
  • Fiscal year 2025 interest, net is expected to be approximately $106.0 million compared to $95.0 million in fiscal year 2024.
  • Guidance does not include any future share buybacks or significant economic disruptions or downturn.

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 Q4 2024

Historical avgQ4 2024

+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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