Cintas Corporation (NasdaqGS:CTAS) will look for M&A. Todd Schneider President and Chief Executive Officer said during the First Quarter Fiscal Year 2023 Earnings Release Conference Call, "Deal flow is good. We love our balance sheet. We love our position in the marketplace.

That being said, those M&A type of opportunities, they're tough to pace them, tough to -- there's various items that cause things to flip the switch for someone to sell their business. But I can tell you this, we're really well positioned. We love our balance sheet, love our team and the ability to manage through any M&A. And we think that, that's going to be an opportunity for us in the future, and we're well positioned for it.

That being said, again, it's tough to pay some, but deal flow looks good. And I don't see anything that's all that different from a multiple standpoint in the marketplace. So we'll -- we're interested in any and all opportunities from an M&A standpoint, and we'll continue to push for those".