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Cintas Shares Hit a Record High Thursday—Here's Why
CTASCintas(CTAS) Investopedia·2024-07-19 06:10

Key Takeaways Cintas beat profit and sales estimates and gave strong fiscal 2025 guidance as it added new customers, sold more to existing customers, and reduced expenses. Revenue was up 8.2% to an all-time high of $2.47 billion. The news sent shares into record territory, leaving them up some 30% this year. Shares of Cintas (CTAS) traded at an all-time high Thursday, extending a strong year, after the business supplies company reported better-than-expected results and gave an upbeat outlook. The provider o ...