If you’re looking for a stock to invest in for the new year that will not only help you sleep well at night, but also bring in above-average returns, then you should take a look at this value: Cintas.

The US company was first presented to you here in October 2019. Since then, the stock price has more than doubled. Unless something very unusual happens, 2023 will be the 15th consecutive year that Cintas stock ends with gains. The figures presented a few days ago indicate that this fantastic development should continue.

Cintas is a real success story. Let me introduce you to the company. Cintas was founded in 1968 and is headquartered in Cincinnati, Ohio. The company employs around 40,000 people and produces and distributes professional clothing and uniforms in North and Latin America, Europe and Asia. The product portfolio also includes fireproof clothing that is not only sold but also leased.

The US company is a real success story. In 47 of the past 50 business years, Cintas has managed to increase sales and profits. This was only not achieved in the recession years 2008 and 2009 and one other year. In the past five business years, profits have increased on average by 14% per year. Analysts predict an average profit growth of 12% for the next five years.

Shortly before Christmas, Cintas announced its latest figures. In the second quarter of the 2023/2024 business year (until May), sales increased by 9% to 2.38 billion dollars. Net profit increased by 16% to 374.61 million dollars or 3.61 dollars per share. Analysts had only expected revenues of 2.34 billion dollars and a result of 3.49 dollars per share.

For the full year, the management increased its forecast and now targets an increase in sales of up to 8% to 9.48 to 9.56 billion dollars (previously: 9.40 to 9.52 billion dollars) and an increase in profits of up to 13% to 14.35 to 14.65 dollars per share (previously: 14.00 to 14.45 dollars per share).

Yesterday the Cintas stock climbed to a new all-time high of 602 dollars. The lights are green for a continuation of the impressive uptrend. Although a breather is not to be ruled out in the short term, everything speaks for a continuation of the impressive uptrend. The Cintas stock remains a promising trend investment.