News
Cintas Reports 10% Rise in 4th-Quarter Revenue
July 14, 2023
Cintas Corp. has reported a fiscal fourth-quarter revenue of US$2.28 billion, a 10.1% increase from last year’s revenue of US$2.07 billion in the same time period.
The company’s organic revenue growth rate for the fourth quarter of fiscal 2023, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 10.3%. Cintas posted an operating income of $470.8 million compared to $404.4 million in last year’s fourth quarter, an increase of 16.4%.
For Cintas’ fiscal year, which ended May 31, the company posted a revenue of $8.82 billion compared to $7.85 billion for fiscal 2022, an increase of 12.2%. Operating income for fiscal 2023 was $1.80 billion compared to $1.59 billion for fiscal 2022, an increase of 13.6%.
“We are pleased with our fourth-quarter financial results. They conclude a very successful fiscal year, which included double-digit growth in revenue, operating income, and diluted EPS. Our business continues to demonstrate momentum, as we can provide nearly every business across North America a product or service to help them build a better workday,” 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 www.cintas.com.
