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Cintas raises FY24 EPS view to $14.00-$14.45 from $13.85-$14.35

Consensus $14.42. Raises FY24 revenue view to $9.4B-$9.52B from $9.35B-$9.5B, consensus $9.5B. Sees FY24 effective tax rate 21.3%. Schneider concluded, “We are increasing our full fiscal year financial guidance. We are raising our annual revenue expectations from a range of $9.35 billion to $9.50 billion to a range of $9.40 billion to $9.52 billion and our diluted EPS from a range of $13.85 to $14.35 to a range of $14.00 to $14.45.”

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