Cintas Corp Q3 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Alexander Eduard Maria Hess - JPMorgan Chase & Co, Research Division - Analyst : This is Alex Hess on for Andrew Steinerman today. I wanted to touch briefly on what you guys are seeing at the vertical level, maybe with respect to a rebound and a potential rebound in hospitality. Or is that -- was that still being dragged in your last quarter from Omicron? And then maybe also, progress maybe in driving adoption in health care. Any comments on those 2 fronts?

Question: Ashish Sabadra - RBC Capital Markets, Research Division - Analyst : Thanks for providing that detailed color on the technology front. I was wondering if you could also talk about how technology is helping you more on the dynamic pricing and more like local pricing. Can you just quote on further just on the pricing trend, what the normalized pricing has been historically? And how are we thinking about pricing here, particularly in the inflationary environment and the response to your -- by your customer to maybe potentially higher price? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 23, 2022 / 2:00PM, CTAS.OQ - Q3 2022 Cintas Corp Earnings Call

Question: Ashish Sabadra - RBC Capital Markets, Research Division - Analyst : That's very helpful color. And maybe if I can just ask, I'm not sure if you have quantified how big energy is as a percentage of overall expenses. But also, my question is more longer term. How are you thinking about improving the energy efficiency of the business, both on the truck side but also on the laundry facilities front?

Question: Ashish Sabadra - RBC Capital Markets, Research Division - Analyst : Congrats on the solid results.