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Cintas Boosts FY24 Outlook - Update
(RTTNews) - While reporting financial results for the first quarter on Tuesday, Cintas Corp. (CTAS) raised its earnings and revenue guidance for the full-year 2024.
For fiscal 2024, the company now projects earnings in a range of $14.00 to $14.45 per share on revenues between $9.40 billion and $9.52 billion.
Previously, the company expected earnings in the range of $13.85 to $14.35 per share on revenues between $9.35 billion and $9.50 billion.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $14.42 per share on revenues of $9.50 billion for the year. Analysts' estimates typically exclude special items.
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Cintas Acquires North Carolina-based Rental Uniform Service For Undisclosed Terms
Cintas Corp. (CTAS) announced Thursday it has acquired Rental Uniform Service, a North Carolina-based, family-owned and operated uniform and facility services rental business. The terms of the deal were not disclosed.
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