Cintas Profits Exceed Estimates

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%.

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