News
Cintas Increases 3rd-Quarter Revenue 9.9%
March 27, 2024
Cintas Corp. has reported a fiscal third-quarter revenue of US$2.41 billion, a 9.9% increase from last year’s revenue of $2.19 billion in the same time period.
The company’s organic revenue growth rate for the third quarter of fiscal 2024, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 7.7%. Cintas posted an operating income of $520.8 million compared to $446.8 million in last year’s third quarter, an increase of 16.6%.
“Our third-quarter results reflect the outstanding dedication and execution of our employees, whom we call partners. Each of our operating segments continue to execute at a high level, which led to robust revenue growth of 9.9%, record high gross margin of 49.4%, record high operating margin of 21.6%, and diluted EPS growth of 22.3%,” said Todd M. Schneider, Cintas president and CEO.
About Cintas
Headquartered in Cincinnati, Ohio, Cintas Corp. provides uniforms and apparel, restroom supplies, and mats as well as first aid, document management, and fire protection services. For more information, visit cintas.com.
