Categories AlphaGraphs, Earnings, Other Industries

Cintas Corp. (CTAS) Q4 2023 earnings and revenue increase

Uniform rental company Cintas Corporation (NASDAQ: CTAS) on Thursday announced financial results for the fourth quarter of 2023, reporting higher earnings and revenues.

Cintas Q4 2023 earnings infographic

At $2.28 billion, fourth-quarter revenues were up 10% year-over-year, reflecting strong contributions from the core Uniform Rental and Facility Services.

As a result, net income increased to $346.2 million or $3.33 per share in the most recent quarter from $294.5 million or $2.81 per share last year.

“We are pleased with our fourth quarter financial results. They conclude a very successful fiscal year, which included double-digit growth in revenue, operating income, and diluted EPS. Our business continues to demonstrate momentum as we can provide nearly every business across North America a product or service to help them build a better workday,” said Todd Schneider, Cintas’ chief executive officer.

Prior Performance

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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