Cintas Reports Record $3.01 Billion In Q1 Revenue And Raises Fiscal 2027 Outlook
Article excerpt
For the quarter ended August 31, 2026, Cintas reported 8.9% organic revenue growth, excluding the effects of acquisitions, currency fluctuations, and differences in the number of working days. Gross profit increased 13.7% to $1.55 billion, compared with $1.37 billion during the corresponding period of fiscal 2026. Gross margin improved to 51.5% from 50.3%, representing an increase of 120 basis points. Operating income reached $711.9 million, an increase of 15.2% from $617.9 million a year earlier. Operating margin expanded to 23.6% from 22.7%, reflecting revenue growth and improvements in operating efficiency. The quarterly results included approximately $14.4 million in transaction expenses related to Cintas’ proposed acquisition of UniFirst. Net income increased 12.3% to $551.7 million, compared with $491.1 million in the prior-year quarter. Diluted earnings rose 13.3% to $1.36 per share, compared with $1.20 a year earlier. Excluding nonrecurring UniFirst transaction expenses, which reduced diluted earnings by approximately $0.03 per share, adjusted diluted earnings reached $1.39, representing growth of 15.8%. Cintas attributed its performance to continued investments in technology, manufacturing and service capacity, and employee development. The company provides products and services designed to help businesses maintain clean, safe, and professional workplaces. Its...
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Cintas continues working toward the completion of its proposed acquisition of UniFirst Corporation, which remains under review by the Federal Trade Commission.
