Cintas Q4 2024 Earnings Report
Key Takeaways
Cintas Corporation reported strong Q4 2024 results with revenue increasing by 8.2% to $2.47 billion and diluted EPS increasing by 19.8% to $3.99. The company's performance reflects its strong value proposition and effective execution of its growth strategy.
Revenue for the fourth quarter of fiscal 2024 was $2.47 billion, an increase of 8.2% compared to the previous year.
Diluted earnings per share (EPS) for the fourth quarter of fiscal 2024 was $3.99, an increase of 19.8% compared to the previous year.
Operating income for the fourth quarter of fiscal 2024 was $547.6 million, an increase of 16.3% compared to the previous year.
For fiscal year 2025, revenue is expected to be in the range of $10.16 billion to $10.31 billion, and diluted EPS is expected to be in the range of $16.25 to $16.75.
Cintas
Cintas
Cintas Revenue by Segment
Forward Guidance
For fiscal year 2025, revenue is expected to be in the range of $10.16 billion to $10.31 billion, and diluted EPS is expected to be in the range of $16.25 to $16.75.
Positive Outlook
- Revenue is expected to be in the range of $10.16 billion to $10.31 billion.
- Diluted EPS is expected to be in the range of $16.25 to $16.75.
- Fiscal year 2025 effective tax rate is expected to be 20.4%, the same compared to fiscal 2024.
- Continued confidence in the company's strategy.
- Focus on delivering outstanding customer experiences.
Challenges Ahead
- There are two fewer workdays in fiscal 2025 compared to fiscal 2024.
- Guidance does not assume any future acquisitions.
- Guidance assumes a constant foreign currency exchange rate.
- Fiscal year 2025 interest, net is expected to be approximately $106.0 million compared to $95.0 million in fiscal year 2024.
- Guidance does not include any future share buybacks or significant economic disruptions or downturn.
Revenue & Expenses
Visualization of income flow from segment revenue to net income