Cintas Drops After Missing Earnings, Revenue Estimates for Quarter [TheStreet.com]
Cintas Corporation (CTAS)
Last cintas corporation earnings: 3/19 04:15 pm
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Source: TheStreet.com
Cintas Drops After Missing Earnings, Revenue Estimates for Quarter Cintas Corp. ( CTAS The provider of corporate uniforms and services tumbled $12.91 -- 6.0% -- $195.54 a share in mid-day trading Friday. The company posted EPS of $1.85, below analysts' predictions of $1.98. The number was also a steep drop from last year's EPS of $2.71 during the same period. Revenue of $1.68 billion were short of analyst expectations of $1.78 billion, although they did improve from the same quarter a year ago, which saw $1.58 billion in revenue. The company's net income of $203 million came in at about 33% lower than last year's figure of $302 million. "Customer closures caused by the severe weather and the holiday calendar during the quarter created challenges within our route schedules," CEO Scott Farmer said in a press release. "Despite these challenges, we still delivered solid organic growth for the quarter." The number of closures was greater than they were a year ago, which negatively affected
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News
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- If You Invested $1000 in Cintas 10 Years Ago, This Is How Much You'd Have Now [Yahoo! Finance]Yahoo! Finance
CTAS
Earnings
- 3/27/24 - Beat
CTAS
Sec Filings
- 4/11/24 - Form 8-K
- 4/9/24 - Form 8-K/A
- 4/5/24 - Form 10-Q
- CTAS's page on the SEC website