Cintas (CTAS) Revenue — Quarter Ended Aug 31, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter one year ago. The year-over-year growth rate continued to decelerate from earlier periods.
Key takeaway
Quarter ended Aug 31, 2023 · FY2024 Q1
Revenue for the quarter increased compared to both the prior quarter and the same quarter one year ago. The year-over-year growth rate continued to decelerate from earlier periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.3B
Revenue reported for this quarter.
Quarter-over-quarter
+2.5%
Change from the immediately preceding quarter.
Year-over-year
+8.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Nov 30, 2022 | $2.2B | +13.1% |
| Feb 28, 2023 | $2.2B | +11.7% |
| May 31, 2023 | $2.3B | +10.1% |
| Aug 31, 2023 | $2.3B | +8.1% |
Revenue performance
Reported revenue rose from the immediately preceding quarter, indicating a modest sequential gain.
Quarterly comparison
Revenue also increased relative to the same quarter one year earlier, with the year-over-year pace exceeding the sequential change. The trailing twelve-month revenue figure was above the previous comparable period.
What to watch
Net cash provided by operating activities increased compared with the same quarter last year, reinforcing the company's liquidity position.