Cintas Delivers Record Margins, Raises Outlook

Cintas Corp (NASDAQ: CTAS) reported third-quarter earnings per share of $1.24, exceeding analyst expectations of $1.23, with quarterly sales reaching $2.84 billion, an 8.9% increase year-over-year. The company also announced a $5.5 billion acquisition of UniFirst Corp, expected to generate $375 million in operating cost synergies within four years. Cintas raised its full-year sales outlook to between $11.210 billion and $11.240 billion, while adjusted EPS is projected at $4.86-$4.90, slightly below the consensus of $4.88. Despite these positive results, Cintas shares were down 0.71% to $176.87 at the time of publication.