Cintas Corporation (CTAS) has announced an increase in earnings for the first quarter, surpassing both the figures from the previous year and the expectations set by market analysts.
The company reported earnings of $452.033 million, or $1.10 per share. This is a significant rise from the $385.085 million, or $0.93 per share, recorded in the corresponding quarter of the previous year.
Market analysts, as polled by Thomson Reuters, had forecasted an average earnings estimate of $0.95 per share. It's important to note that analyst forecasts typically exclude special items.
In terms of revenue, the company's quarterly performance showed a growth of 6.8%, climbing to $2.501 billion from $2.342 billion the previous year.
Key financial statistics for Cintas Corporation (GAAP) for Q1 are as follows:
- Earnings: $452.033 million (Q1) vs. $385.085 million the previous year.
- Earnings Per Share (EPS): $1.10 (Q1) vs. $0.93 the previous year.
- Revenue: $2.501 billion (Q1) vs. $2.342 billion the previous year.
