by The Chicago Times Business Staff
September 29, 2021
CINCINNATI — Cintas Corp. (CTAS) reported $331.2 million in earnings for the fiscal first quarter on Wednesday along with reporting a profit of $3.11 per share.
The results outperformed Wall Street’s expectations. Earnings per share were expected to be $2.76 per share. The uniform rental company reported revenue of $1.9 billion in the period, exceeding Wall Street expectations of $1.87 billion.
Cintas anticipates full-year earnings of $10.60 to $10.90 per share on revenue of $7.58 billion to $7.67 billion. Cintas stock has risen 9 percent since the start of the year, while the S&P 500 index has risen 16 percent. In the last year, the stock has increased by 15%.