Cintas Reports Q1 Beat, Raises 2023 Outlook 
<p><a href='https://financialmodelingprep.com/financial-summary/CTAS'>Cintas Corp. (NASDAQ:CTAS)</a> reported its Q1 results, with EPS of $3.39 coming in better than the Street estimate of $3.11. Revenue was $2.17 billion, beating the Street estimate of $2.08 billion.</p>
<p>The company raised its fiscal 2023 outlook, expecting EPS to be in the range of $12.30-$12.65, compared to the Street estimate of $12.27, and revenue in the range of $8.58-8.67 billion, compared to the Street estimate of $8.5 billion.</p>
<p>Implied top-line growth for the remainder of the year of 8.5% at midpoint suggests upside – notwithstanding tougher comps – given strong and continued business momentum across verticals with strong retention and new business wins. </p>
<p>According to the analysts at RBC Capital, the company's recent investments (particularly in technology) are allowing it to gain a share and win new business. On the margin front, the labor environment is easing ever so slightly and energy costs are rolling over.</p>

NASDAQ:CTAS