CINCINNATI - Cintas Corporation (NASDAQ:CTAS) reported better-than-expected first quarter results and raised its full-year guidance, sending shares up 2.2% in early trading.
The uniform rental and facility services provider posted adjusted earnings per share of $1.10 for Q1 fiscal 2025, surpassing analyst estimates of $0.95. Revenue came in at $2.5 billion, in line with expectations and up 6.8% YoY.
Cintas saw strong organic growth of 8% in the quarter, driven by continued momentum across its business segments. The company's gross margin expanded 140 basis points to 50.1%, benefiting from lower energy costs.
"Our first quarter fiscal 2025 results reflect the strength and breadth of Cintas' value proposition for businesses of all types and stellar execution by our employee-partners," said Todd M. Schneider, Cintas' President and CEO.
Looking ahead, Cintas raised its full-year outlook. The company now expects fiscal 2025 EPS of $4.17-$4.25, up from its previous guidance of $4.06-$4.19 and above the $4.17 consensus. Revenue is projected at $10.22-$10.32 billion, compared to the prior $10.16-$10.31 billion range.
Schneider added, "Our raised fiscal 2025 outlook reflects the continued momentum we see across the business and the exceptional dedication of our employee-partners in helping our customers meet their image, safety, cleanliness and compliance needs."
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