Cintas CorporationCintas beat Q1 estimates on earnings and revenue, expanded margins, and raised fiscal 2027 guidance.
Cintas Corporation reported first-quarter fiscal 2027 adjusted earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.35 by 3.0% and rising 15.8% from the year-ago quarter, while revenues of $3.01 billion surpassed the consensus estimate of $2.97 billion by 1.3% and grew 10.9% year over year. The top line benefited from 8.9% organic revenue growth, and the quarter delivered record gross and operating margins. Within the company's two reportable segments, Uniform Rental and Facility Services generated revenues of $2.29 billion, up 9.7% year over year, with segment operating income of $575.09 million, while First Aid and Safety Services revenues rose 16.1% to $388.52 million with operating income of $99.54 million; the All Other segment contributed revenues of $330.73 million, up 13.1%. Gross margin expanded to 51.5% from 50.3%, operating margin improved to 23.6% from 22.7%, and net income increased 12.3% to $551.71 million, with $14.41 million of transaction expenses tied to the proposed UniFirst Corporation acquisition. For fiscal 2027, Cintas raised its revenue guidance to $12.15-$12.27 billion from $12.10-$12.25 billion and lifted adjusted earnings per share guidance to $5.45-$5.54 from $5.36-$5.50, excluding expected impacts from the proposed UniFirst acquisition. The company repurchased $315.71 million of common stock and paid $180.70 million in dividends during the quarter, and ended with cash and cash equivalents of $243.60 million.
Cintas CorporationCintas beat Q1 estimates on earnings and revenue, expanded margins, and raised fiscal 2027 guidance.
Unifirst CorporationCintas incurred $14.41 million in transaction expenses tied to its proposed acquisition of UniFirst, a passing mention.
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