FMP

FMP

Cintas Corporation Reported Q2 Beat & Raised 2022 Guidance

Cintas Corporation (NASDAQ:CTAS) reported its Q2 results, with EPS coming in at $2.76, above the consensus estimate of $2.65, mainly driven by lower-than-expected tax rate, with higher-than- expected operating income also contributing significantly. Quarterly revenue grew 9.4% year-over-year to $1.92 billion.

The company slightly raised its full 2022-year revenue/EPS guidance to $7.63–7.70 billion/)/$10.70–10.95 from $7.58–7.67 billion/$10.60–10.90).