Cintas shares climbed as much as 6.7% on Wednesday, reaching their highest level in four months, after the uniform and workplace services provider reported fiscal fourth-quarter results that exceeded Wall Street expectations and issued a stronger-than-expected outlook for the new fiscal year. Fourth-quarter revenue rose 8.9% to $2.91 billion, beating the consensus estimate of $2.87 billion, while adjusted earnings of $1.29 a share topped the $1.24 estimate. Gross margin reached a record-equalling 51.0%, and operating income increased 12.7% to $673 million. The company forecast fiscal 2027 revenue of $12.10 billion to $12.25 billion, representing growth of 7.4% to 8.7% over fiscal 2026, and adjusted diluted earnings per share of $5.36 to $5.50, excluding any contribution from the pending UniFirst acquisition. Cintas said UniFirst shareholders approved the proposed acquisition in June and that both companies received a second request for information from the Federal Trade Commission, with the deal still expected to close in the second half of calendar 2026.
Cintas CorporationCintas reported fiscal Q4 earnings and revenue that beat estimates, and issued a strong outlook for fiscal 2027.
Unifirst CorporationUniFirst shareholders approved the acquisition by Cintas, but the deal faces a second FTC request; impact on UniFirst is mixed.