Cintas (CTAS) reports higher Q2 revenues and earnings; raises full-year guidance | AlphaStreet

Uniform rental firm Cintas Company (NASDAQ: CTAS) reported a rise in revenues and earnings for the second quarter of 2024.

Second-quarter income elevated 9% year-over-year to $2.38 billion from $2.17 billion within the corresponding interval of 2023. Natural income progress, adjusted for the impacts of acquisitions and overseas foreign money change charge fluctuations, was 9%. In consequence, internet revenue rose to $374.6 million or $3.61 per share within the November quarter from $324.3 million or $3.12 per share within the prior yr interval.

The corporate additionally raised its income and earnings steering for fiscal 2024. Income is now anticipated to vary between $9.48 billion and 9.56 billion and EPS is predicted to vary from $14.35 to 14.65.

Prior efficiency