Cintas Profit Tops Estimates, Lifts FY Earnings Guidance; Stock Up 2%

(RTTNews) - Cintas Corp (CTAS), a provider of corporate identity uniforms, on Wednesday reported third-quarter net earnings of $94.9 million or $0.80 per share compared with $84.6 million or $0.69 per share last year.

Results for the recent quarter included a loss of $6.8 million related to Cintas' investment in Shred-it.

Excluding the Shred-it impact and other one-time items, adjusted earnings for the quarter were $0.85 per share, the company said.

Cintas said its revenues for the quarter edged down 0.2% from last year to $1.11 billion.

Analysts polled by Thomson Reuters estimated earnings of $0.78 per share on revenues of $1.11 billion for the quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company expects adjusted earnings of $3.31 to $3.34 per share on revenues of $4.46 billion to $4.49 billion. Earlier it expected earnings of $3.20 to $3.25 per share on revenues of $4.45 billion to $4.50 billion.

Analysts expect earnings of $3.27 per share on revenues of $4.49 billion for 2015.