Cintas Corp Q3 2024 Earnings Call Transcript

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

Question: Joshua K. Chan - UBS Investment Bank, Research Division - Analyst : Could you talk about the -- I guess, piggybacking on the prior question, could you talk about the sustainability of growth that you're seeing, now that pricing has moderated to a historical level. Do you see the current run rate staining based on what you're seeing out there talking to customers and retention rate dynamics and all that?

Question: Joshua K. Chan - UBS Investment Bank, Research Division - Analyst : That's great color. And for my follow-up, you talked about incremental margins being in the 20% to 30% range historically. And now you're sort of at the higher end of that in recent years. Is this the right level of incremental margins going forward on revenue growth that comes ahead.

Question: Ashish Sabadra - RBC Capital Markets, Research Division - Analyst : I just wanted to focus on the Google partnership. I was wondering if you can provide an update on that front. I believe you've already migrated your SAP onto the GCP and how should we think about those benefits that you may have seen in the quarter, but also benefits as we go forward?

Question: Ashish Sabadra - RBC Capital Markets, Research Division - Analyst : That's very helpful color. And if I can ask a quick accounting clarifying question. So in the balance sheet, the Uniform and other rental items and service that moderated sequentially quarter-to-quarter. I was just wondering, if you can provide any color on what's driving that? Is that better efficiency or anything on that front?