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Cintas
🇺🇸 NASDAQ:CTAS
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•
Feb 29, 2020

Cintas Q3 2020 Earnings Report

Reported an increase in revenue and EPS, but withdrew full fiscal year guidance due to COVID-19 uncertainty.

Key Takeaways

Cintas Corporation reported a 7.6% increase in revenue and a 17.4% increase in EPS for the third quarter of fiscal year 2020. However, due to the uncertainty caused by the COVID-19 pandemic, the company withdrew its full fiscal year guidance.

Revenue increased by 7.6% compared to the last year's third quarter.

Earnings per diluted share (EPS) increased by 17.4% over last year's third quarter, adjusted for G&K Services, Inc. integration expenses.

Free cash flow increased by 17.2% compared to the last year's third quarter.

The company withdrew its full fiscal year guidance due to the uncertainty caused by the COVID-19 pandemic.

Total Revenue
$1.81B
Previous year: $1.68B
+7.7%
EPS
$0.54
Previous year: $0.46
+17.4%
Organic Rev Growth
5.7%
Gross Margin
45.5%
Op Income Margin
17.4%
Gross Profit
$824M
Previous year: $755M
+9.2%
Cash and Equivalents
$234M
Previous year: $80.9M
+189.9%
Free Cash Flow
$300M
Previous year: $256M
+17.2%
Total Assets
$7.9B
Previous year: $7.43B
+6.3%

Cintas

Cintas

Cintas Revenue by Segment

Forward Guidance

Due to the uncertainty, including the severity and duration of the COVID-19 coronavirus pandemic, Cintas is not providing guidance for the fourth quarter of fiscal 2020 at this time and withdrawing full fiscal year guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Cintas