Cintas Corporation (NASDAQ:CTAS) Q2 2024 Earnings Call Transcript

Todd Schneider: I’d say, similar to products, we’re always looking at those types of opportunities. We certainly know, stay in contact with the people that are running those businesses. But the great news is we don’t have to do that to — in order to be really, really successful in the future. We look at it and say there’s, again, we’re servicing about 1 million businesses. There’s 16 million businesses in US and Canada. Here’s what’s really exciting is by the time we get to 2 million customers, there will be more than 16 million businesses in the US and Canada. So that’s kind of a bummer if you’re running a race but it’s really exciting if you’re running a business because once we get to the 2 mile mark, the race is going to be extended.

So that’s separate from — we’re going to have more products and services over the coming year. So all that being said is, we continue to watch it, we evaluate it, we look for the right opportunity, and if that opportunity presents itself, then we will seize it, but it’s certainly not — it’s not required in order for us to be successful in the future.

Operator: And at this time, there are no further questions. I’d like to turn the call back over to Jared Mattingley to close out the call.

Jared Mattingley: Thank you for joining us this morning. We will issue our third quarter of fiscal ‘24 financial results in March. We look forward to speaking with you again at that time.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect.