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Approximately 10% of CTAS revenues come from the hygiene business.
Sure, CTAS is mainly known for their uniform rentals, but have spent the past decade trying to diversify the business and 2020 has given them a platform to really push some other aspects of the company. I expect good things this quarter and lots of continued growth. Sure, 41 P/E is a little price but in the last 3 months CTAS has trailed the industry only increasing 12% vs the industry’s 13%. CTAS also has big earnings surprises the last few quarters.
Nothing bearish here
Today it's up nearly 16!!
The market makes no sense anymore.