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Cintas raises FY24 adjusted EPS view to $14.80-$15.00 from $14.35-$14.65

Consensus $14.60. Raises FY24 revenue view to $9.56B from $9.48B, consensus $9.56B. Sees FY24 effective tax rate 20.6%. Schneider concluded, “Based on our third quarter results, we are increasing our full fiscal year financial guidance. We are raising our annual revenue expectations from a range of $9.48 billion to $9.56 billion to a range of $9.57 billion to $9.60 billion and our diluted EPS from a range of $14.35 to $14.65 to a range of $14.80 to $15.00.”

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