Q1 2025 Cintas Corp Earnings Call Transcript
Key Points
- Total revenue grew 6.8% to $2.51 billion, an all-time high for the company.
- Gross margin increased 9.7% over the prior year to a record 50.1%.
- Operating income as a percentage of revenue reached an all-time high of 22.4%.
- Diluted EPS grew robustly by 18.3% to $1.10.
- Free cash flow increased significantly by 62.4% over the prior year.
- Revenue growth was negatively impacted by one less workday in the first quarter.
- Uniform direct sale segment saw a decline of 1.8% in organic growth.
- Selling and administrative expenses as a percentage of revenue increased by 20 basis points.
- The effective tax rate for the first quarter was lower at 15.8% compared to 19.2% last year, indicating potential volatility.
- The company faces ongoing challenges in the competitive environment, particularly in pricing and customer retention.
Good day, everyone, and welcome to Cintas Corporation announces fiscal 2025 first-quarter results conference call. (Operator Instructions) At this time, I would like to turn the call turn the call over to Mr. Jared Mattingley, Vice President, Treasurer, and Investor Relations. Please go ahead, sir.
Thank you, Russ. Thank you for joining us. With me today are Todd Schneider , President, and Chief Executive Officer; and Mike Hansen, Executive Vice President, and Chief Financial Officer, who will discuss our fiscal 2025 first-quarter results. After our commentary, we will open the call to questions from analysts.
The Private Securities Litigation Reform Act of 1995 provides a Safe Harbor from civil litigation for forward-looking statements. This conference call contains forward-looking statements that reflect the company's as from and former that Review's current views as to future events and financial performance.
These forward looking statements are subject to
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