company CTAS - SteadyBase

steadybase-$ company CTAS

account_id none on file

legal_name Cintas Corp

ticker CTAS

cik 723254

domain cintas.com

linkedin_company_url https://linkedin.com/company/cintas

entry_point_account_id none on file

name Cintas Corporation

exchange Nasdaq

sector Consumer Discretionary

hq Cincinnati, OH, United States

irhttps://www.cintas.com/investors

sector index/company/sector/consumer-discretionary/

calls 11 filings 32 executives 20 family 0

why_nownone on file

calls

You mentioned making investments in the business. It appears that the SG&A line in the uniform rental segment in particular has been seeing investments there. And I was just wondering, maybe you could provide some detail as to what kinds of investments you're making, or if it's maybe just still kind of return from COVID and getting some travel and T&E back in there. Maybe just a little detail about SG&A in the rental segment.

Dec 21, 2022 / receipt, needs a key / Tim Mulrooney, other | earnings call 2022-12-21 | transcript 1b971de3-af32-40e8-927d-398db0086a4a | chars 19195-19624 | segment 20

I wanted to ask a longer-term margin question. If I look back about two years ago, your EBITDA margin really meaningfully stepped up to mid-20s. At the beginning, I think you were benefiting from reduced travel during the pandemic and healthcare costs. You've really been able to keep it at that level.

Sep 28, 2022 / receipt, needs a key / Tony Kaplan, other | earnings call 2022-09-28 | transcript cfb0a8e4-e88f-4de8-a49a-6a97cfb45f89 | chars 49997-50299 | segment 52

And so while we'll start to see, we have started to see a little bit of travel, for example, come in, look, we're still managing the cost structure very tightly.

Dec 22, 2021 / receipt, needs a key / Todd, other | earnings call 2021-12-22 | transcript ab8d58b7-645c-4093-b2fa-346aa54ffdbf | chars 27122-27283 | segment 27

And then, as you can imagine, we've been very diligent about managing discretionary spend. There is some travel that is back, but certainly not near the levels that they were pre-COVID.

Sep 29, 2021 / receipt, needs a key / Mike Hansen, CFO | earnings call 2021-09-29 | transcript 1e374924-324c-43d1-befa-dac67cfe2e10 | chars 18018-18203 | segment 18

This increase reflects investments in our sales teams as well as slight incremental travel and meeting expenses.

Sep 29, 2021 / receipt, needs a key / Mike Hansen, CFO | earnings call 2021-09-29 | transcript 1e374924-324c-43d1-befa-dac67cfe2e10 | chars 6516-6628 | segment 6

I'd start by saying that there have been a lot of expenses this year that we have been able to control tightly, discretionary spending, travel, things like that, that impact the P&L.

Mar 17, 2021 / receipt, needs a key / Scott, CEO | earnings call 2021-03-17 | transcript 5328728f-f3ef-4c44-9028-c4221d177120 | chars 14518-14700 | segment 15

We don't necessarily have to have the large group meetings where everybody's traveling into one town to accomplish that. Some of that will happen, but a lot of that probably won't.

Mar 17, 2021 / receipt, needs a key / Scott, CEO | earnings call 2021-03-17 | transcript 5328728f-f3ef-4c44-9028-c4221d177120 | chars 14777-14957 | segment 15

I mean, you guys have articulated the travel and discretionary 100 basis points last quarter, 40 this quarter of benefits.

Dec 22, 2020 / receipt, needs a key / Andrew Whitman, other | earnings call 2020-12-22 | transcript bafb3ed0-c2dc-4b37-811e-67bcd73dccef | chars 32774-32896 | segment 33

But as we move forward, look, there are certainly some things that we have learned about some of our costs like travel and And can we do some things more efficiently? And I think there will be permanent savings on some of those things.

Dec 22, 2020 / receipt, needs a key / Mike, other | earnings call 2020-12-22 | transcript bafb3ed0-c2dc-4b37-811e-67bcd73dccef | chars 33444-33679 | segment 34

If you think about travel, that was down about 100 basis points.

Sep 23, 2020 / receipt, needs a key / Mike, CFO | earnings call 2020-09-23 | transcript 7d7c7c5b-3fec-421f-afd4-6295570ea311 | chars 35409-35473 | segment 36

Business travel is down. As a matter of fact, we're not allowing people to travel right now.

Jul 23, 2020 / receipt, needs a key / Scott, CEO | earnings call 2020-07-23 | transcript 08509c07-306c-47fc-a19e-9a778091023a | chars 38117-38209 | segment 39

filings

Directors are also reimbursed for reasonable out-of-pocket travel expenses incurred in connection with attendance at Board or committee meetings.