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May 31, 2020
Cintas Q4 2020 Earnings Report
Cintas experienced a revenue decrease of 9.7% and an EPS decrease of 34.5% compared to the previous year's fourth quarter.
Key Takeaways
Cintas Corporation reported a decrease in revenue and EPS for the fourth quarter of fiscal year 2020 due to the COVID-19 pandemic. Revenue decreased by 9.7% to $1.62 billion, and EPS decreased by 34.5% to $1.35. The company's priorities were to keep employees healthy and safe and to serve customers.
Fourth quarter revenue was $1.62 billion, a 9.7% decrease year-over-year.
EPS from continuing operations was $1.35, a 34.5% decrease year-over-year.
Free cash flow totaled $316.0 million, the highest of fiscal 2020.
Organic revenue declined 8.4% from last year's fourth quarter.
Revenue by Segment
Forward Guidance
Cintas expects first quarter revenue to be in the range of $1.675 billion to $1.700 billion and EPS to be in the range of $2.00 to $2.20.
Positive Outlook
- Expected Q1 revenue between $1.675 billion and $1.700 billion.
- Expected Q1 EPS between $2.00 and $2.20.
- Company is confident in managing short-term volatility.
- Company is focused on long-term objectives.
- Value proposition resonates more than ever.
Challenges Ahead
- Visibility to future financial performance remains impaired due to the COVID-19 pandemic.
- Recent increase in people contracting the virus adds to the uncertainty of the pace of the economic recovery.
- Government actions in response to the virus add to the uncertainty.
- The COVID-19 pandemic was a significant disruption to the economy and the company's business in fiscal 2020 fourth quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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