Categories Earnings, Industrials

Cintas (NASDAQ: CTAS): Q2 2020 Earnings Snapshot

— Cintas (NASDAQ: CTAS) reported its second-quarter 2020 adjusted earnings of $2.27 per share versus $2.03 per share expected.

— Revenue rose by 7.3% to $1.84 billion versus $1.82 billion expected. The organic revenue growth rate, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 7.3%.

Cintas (CTAS) Q2 2020 Earnings Snapshot

— The Uniform Rental and Facility Services segment registered a 5.8% organic sales growth, while First Aid and Safety Services recorded a 10.6% gain.

— Gross margin grew to 46.2% from 45.1% in the previous year quarter.

— Uniform Rental and Facility Services segment gross margin improved 130 basis points, while the First Aid and Safety Services’ gross margin gained 40 basis points.

— Looking ahead into the full year 2020, the company lifted its revenue outlook to the range of $7.29-7.33 billion from the previous range of $7.28-7.32 billion. The consensus estimates revenue of $7.31 billion.

— The earnings from continuing operations guidance are raised to the range of $8.65-8.75 per share from the prior range of $8.47-8.57 per share for the full year. The analysts expect EPS of $8.61 per share.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Kin Insurance’s strategy is focused on growing in catastrophe-exposed states: CEO Sean Harper

Kin Insurance is a leading insurance technology company specialized in high-risk residential areas. The direct-to-consumer business model and use of advanced technology allow the company to offer affordable pricing without

Infographic: Key highlights from Best Buy (BBY) Q1 2023 earnings results

Best Buy Co., Inc. (NYSE: BBY) reported first quarter 2023 earnings results today. Enterprise revenue dropped to $10.6 billion from $11.6 billion in the year-ago period. Comparable sales were down

AutoZone (AZO) Q3 Earnings: Key financials and quarterly highlights

AutoZone, Inc. (NYSE: AZO) reported third quarter 2022 earnings results today. Net sales increased 5.9% year-over-year to $3.9 billion. Domestic same-store sales increased 2.6%. Net income decreased 0.6% to $592.6 million, while

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top