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Cintas Corporation (NASDAQ: CTAS) announced higher-than-expected results for the first quarter of fiscal 2025, leading to a 2.2% rise in its stock during early trading. The company, known for its uniform rental and facility services, posted adjusted earnings per share of $1.10, surpassing analyst expectations of $0.95. Revenue for the quarter reached $2.5 billion, marking a 6.8% year-over-year increase.
Cintas saw an 8% organic growth in the quarter, with its gross margin improving by 140 basis points to 50.1%, mainly due to lower energy costs. Todd M. Schneider, the company’s President and CEO, praised the performance, attributing it to the strong value proposition and the exceptional execution by Cintas’ employee-partners.
The company also raised its full-year guidance for fiscal 2025, projecting earnings per share of $4.17-$4.25, up from the previous forecast of $4.06-$4.19. Revenue is now expected to be between $10.22 billion and $10.32 billion, reflecting continued growth momentum.
As of 9:44 am the shares were trading at $204.79
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