Cintas Third Quarter Earnings Call
26th March 2008 00:00 AM |
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| Net income for the quarter was $81.8 million, an increase of 6.6% from $76.7 million in the prior year quarter. |
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| The leading uniform supplier reported revenue of $976 million as against $905.4 million in the prior year. The rental organic growth improved to 3.8% in Q3, a 55 basis point improvement over Q2. With additional deterioration expected in commercial construction, the firm is focusing on new business opportunities in the fire installation business, which is dependent on commercial construction. For fiscal 2008, the firm expects revenues to be in the range of $3.93 billion to $3.96 billion. |
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Cintas Second Quarter Earnings Call
29th December 2007 00:00 AM |
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| Profit increased to $82.9 million as business growth was countered by higher taxes and expansion costs. |
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| Cintas reported revenue increase of 7% to $983.9 million, failing to meet expectation of $986 million. Strong growth in emerging business units was offset by the costs to expand those businesses. Cintas was hurt by an increase in its effective tax rate. The company purchased 5.2 million shares of its stock in open market purchases. The company expanded document management business beyond North America by acquiring a document management company in The Netherlands. |
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Cintas Fourth Quarter Earnings Call
10th October 2007 00:00 AM |
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| The profit dropped to $90.3 million from $91.5 million in the prior year, due to higher interest costs. |
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| The leading rental uniform supplier reported revenue of $964.1 million, representing an increase of 6.2% over the prior year. The gross margin dropped 70 basis points to 42.9%, due to increased delivery cost and material cost, partially offset by improved margins in other services. For fiscal 2008, Cintas projects revenue to range between $3.9 billion and $4.1 billion, equating to total company growth of 5.2% to 10.6%. |
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