Cintas (CTAS) Revenue — Quarter Ended May 31, 2024
Revenue for the quarter increased compared to the prior quarter and the same quarter last year. The company reported higher revenue, continuing its upward trajectory.
Key takeaway
Quarter ended May 31, 2024 · FY2024 Q4
Revenue for the quarter increased compared to the prior quarter and the same quarter last year. The company reported higher revenue, continuing its upward trajectory.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.5B
Revenue reported for this quarter.
Quarter-over-quarter
+2.7%
Change from the immediately preceding quarter.
Year-over-year
+8.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.6B
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 |
|---|---|---|
| Aug 31, 2023 | $2.3B | +8.1% |
| Nov 30, 2023 | $2.4B | +9.3% |
| Feb 29, 2024 | $2.4B | +9.9% |
| May 31, 2024 | $2.5B | +8.2% |
Revenue performance
Revenue rose from the immediately preceding quarter and also from the same quarter one year earlier. The sequential and year-over-year comparisons both show growth.
Quarterly comparison
The year-over-year growth rate moderated from the prior quarter but remained solid. Over the fiscal year, each quarter's revenue exceeded the prior year's corresponding quarter.
What to watch
The company's operating cash flow increased substantially, providing ample liquidity for operations and strategic initiatives.