Cintas said revenue for fiscal 2024 Q3, the quarter ended February 29, 2024, was $2.41 billion, up 9.9% from $2.19 billion a year earlier, and net income was $397.6 million, up 22.0%.

1. 01

   Cintas said revenue for fiscal 2024 Q3, the quarter ended February 29, 2024, was $2.41 billion, up 9.9% from $2.19 billion a year earlier, and net income was $397.6 million, up 22.0%.

2. 02

   The company said its gross margin for Q3 was 49.4%, compared with 47.2% a year earlier, a 220 basis points increase, and operating income rose 16.6% to $520.8 million, with an operating margin of 21.6%.

3. 03

   The company said it is raising its full-year revenue outlook to $9.57 billion to $9.60 billion from $9.48 billion to $9.56 billion, and its diluted EPS outlook to $14.80 to $15.00 from $14.35 to $14.65.

4. 04

   The company reported free cash flow of $1,079,183 thousand for the 9 months ended February 29, 2024, calculated as net cash provided by operating activities of $1,386,741 thousand less capital expenditures of $307,558 thousand.

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Original filing

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