Cintas Increases 3rd-Quarter Revenue Rise 11%March 29, 2023
Cintas Corp. has reported a fiscal third-quarter revenue of US$2.19 billion, a 11.7% increase from last year’s revenue of $1.96 billion in the same time period.
Cintas posted an operating income of $446.8 million compared to $407.6 million in last year’s third quarter, while its net income was $325.8 million, up from $315.4 million in in 2022. The company’s energy expenses, which are comprised of gasoline, natural gas, and electricity, were 15 basis points lower for the third quarter of fiscal 2023 compared to last year.
“Our financial performance is the result of the exceptional dedication of our employee-partners to helping businesses across North America with their image, safety, cleanliness, and compliance,” said Todd M. Schneider, Cintas CEO and president. “Through innovative solutions and routine service visits, our employee-partners take care of the important tasks that help our customers keep their workplaces running smoothly. This enables our customers to have more time to focus on their business.”
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 www.cintas.com.