Categories AlphaGraphs, Consumer, Earnings
Cintas (CTAS) reports higher Q2 revenues and earnings; raises full-year guidance
Uniform rental company Cintas Corporation (NASDAQ: CTAS) reported an increase in revenues and earnings for the second quarter of 2024.
Second-quarter revenue increased 9% year-over-year to $2.38 billion from $2.17 billion in the corresponding period of 2023. Organic revenue growth, adjusted for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 9%. As a result, net income rose to $374.6 million or $3.61 per share in the November quarter from $324.3 million or $3.12 per share in the prior year period.
The company also raised its revenue and earnings guidance for fiscal 2024. Revenue is now expected to range between $9.48 billion and 9.56 billion and EPS is expected to range from $14.35 to 14.65.
Prior performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was