Cintas Reports 29% Rise in Profits

Shares of Cintas CTAS are trading higher in the after-hours following the release of the company's Q3 earnings results. Currently, shares are higher by 0.62%, trading at $40.72; they ended the regular session higher by 0.50%, at $40.47. Cintas reported Q3 EPS of $0.58 on revenues of $1.01 billion; the Street was looking for $0.52 per share on revenues of $1.01 billion. Revenues increased 7.8% year over year, while profits rose 29%. Scott D. Farmer, Chief Executive Officer, stated, “Our results continue to reflect our focus on selling value and growing our business profitably. This high quality growth led us to our third quarter operating margin of 13.6%, which is a nice improvement over both last year's third quarter operating margin of 11.6% and our second quarter operating margin of 13.0%.” “Our Rental Uniforms and Ancillary Products operating segment, which accounts for 71% of our consolidated revenue, had an operating margin of 15.6%, an improvement over the 12.9% operating margin from last year's third quarter.” Cintas Corporation provides highly specialized products and services to businesses of all types throughout the North America, Latin America, Europe and Asia.