Key Takeaways

• Cintas exceeded profit and sales estimates and raised its outlook as it had record-setting performances for the first quarter.

• Revenue and gross margin as a percentage of revenue set record highs, and shares hit an all-time high Wednesday.

• CEO Todd Schneider said the company continued to see strong demand from existing and new customers.

Cintas (CTAS) shares hit an all-time high Wednesday as the uniform and other workplace supplies provider posted better-than-expected results and raised its guidance as the business set records in the period.

Cintas reported fiscal 2025 first-quarter earnings per share (EPS) of $1.10, with revenue increasing 6.8% year-over-year to an all-time high of $2.50 billion. Both exceeded estimates.

Gross margin was up 9.7% to $1.25 billion, and gross margin as a percentage of revenue jumped 140 basis points (bps), hitting a record 50.1%.

Organic growth rose 7% for Uniform Rental and Facility Services, 14% for First Aid and Safety Services, and 13.8% for Fire Protection Services. It fell 1.8% at the Uniform Direct Sale unit.

CEO Says Cintas 'Continued To Experience Strong Demand for Our Services'

Chief Executive Officer (CEO) Todd Schneider said Cintas "continued to experience strong demand for our services, not only from existing customers, but across our new business pipeline," according to a transcript of its earnings call provided by AlphaSense.

The company now anticipates full-year EPS in a range of $4.17 to $4.25 versus its earlier forecast of $4.06 and $4.19.

Shares of Cintas, which hit a record $209.58 earlier in the session, rose 1.4% less than an hour before Wednesday's close and are up 38% this year.

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