Cintas (CTAS) Revenue — Quarter Ended Nov 30, 2023
Revenue increased compared to both the prior quarter and the same quarter last year. The growth rate over the prior year was higher than the sequential increase.
Key takeaway
Quarter ended Nov 30, 2023 · FY2024 Q2
Revenue increased compared to both the prior quarter and the same quarter last year. The growth rate over the prior year was higher than the sequential increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4B
Revenue reported for this quarter.
Quarter-over-quarter
+1.5%
Change from the immediately preceding quarter.
Year-over-year
+9.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.2B
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 |
|---|---|---|
| Feb 28, 2023 | $2.2B | +11.7% |
| May 31, 2023 | $2.3B | +10.1% |
| Aug 31, 2023 | $2.3B | +8.1% |
| Nov 30, 2023 | $2.4B | +9.3% |
Revenue performance
The reported revenue shows an upward trajectory, with a notable year-over-year improvement.
Quarterly comparison
The quarter's revenue exceeded the immediately preceding quarter's figure and was significantly higher than the same quarter one year earlier.
What to watch
The company highlighted that operating cash flows have historically been a major source of liquidity and that it believes it has sufficient liquidity for the next twelve months.