Cintas Q3 2021 Earnings Report
Key Takeaways
Cintas Corporation reported its fiscal year 2021 third quarter results, with revenue reaching $1.78 billion and diluted earnings per share increasing to $2.37. The company faced challenges from the COVID-19 pandemic and severe winter weather, but strong demand for personal protective equipment helped exceed financial expectations. Cintas expects revenue to be in the range of $1.80 billion to $1.83 billion and diluted EPS to be in the range of $2.20 to $2.40 for the fiscal fourth quarter.
Revenue for Q3 2021 was $1.78 billion, compared to $1.81 billion in Q3 2020.
Diluted earnings per share (EPS) increased by 9.7% to $2.37.
Operating income increased by 3.8% to $326.5 million.
Net income from continuing operations increased by 10.2% to $258.4 million.
Cintas
Cintas
Cintas Revenue by Segment
Forward Guidance
For the fiscal fourth quarter, Cintas expects revenue to be in the range of $1.80 billion to $1.83 billion and diluted EPS to be in the range of $2.20 to $2.40.
Positive Outlook
- Revenue expected to be in the range of $1.80 billion to $1.83 billion.
- Diluted EPS expected to be in the range of $2.20 to $2.40.
Challenges Ahead
- Guidance does not include any future share buybacks.
- Guidance does not include additional restrictions on businesses due to increasing COVID-19 case counts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income