Cintas Revenue Exceeds Expectations with 8.1% Increase, Anticipates Higher Annual Revenue

Cintas, the Cincinnati-based uniform rental service, has announced a remarkable profit of $385.1 million, surpassing FactSet’s expectations. This achievement is attributed to enhanced gross margins and reduced fuel costs, with the company’s revenue showing an impressive 8.1% increase.

Additionally, Cintas has updated its revenue forecast for the year. A senior representative from the company now predicts annual revenue to fall between $9.4 billion and $9.52 billion, an increase from the previous estimate of $9.35 billion to $9.5 billion. This revision reflects strong volume growth experienced by the company.

Moreover, the representative anticipates a rise in earnings per share (EPS), with the new expected range set between $14 to $14.45, compared to the earlier guidance of $13.85 to $14.35 per share.