In the second quarter, Cintas Corporation (CTAS) recorded a profit increase compared to the previous year, surpassing Wall Street predictions. The company reported a net income of $448.50 million, equivalent to $1.09 per share, up from $374.61 million, or $0.90 per share, during the same period last year.
Analysts, as surveyed by Thomson Reuters, had anticipated earnings of $1.02 per share, excluding any special items. Revenue for the quarter saw a 7.7% rise, reaching $2.561 billion compared to $2.377 billion in the previous year.
Key financial highlights under Generally Accepted Accounting Principles (GAAP) for the second quarter include:
- Net Income: $448.50 million, up from $374.61 million last year.
- Earnings Per Share: $1.09, compared to $0.90 last year.
- Revenue: $2.561 billion, rising from $2.377 billion last year.
In terms of guidance, Cintas Corporation projects full-year earnings per share (EPS) to range between $4.28 and $4.34, with anticipated revenue between $10.255 billion and $10.320 billion.
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