Cintas rises after upbeat annual revenue forecast on resilient demand
CTAS•Quarterly results beat expectations
Cintas reported fourth-quarter revenue of $2.91 billion, beating estimates of $2.87 billion.
The company also posted quarterly profit of $1.26 per share, topping estimates of $1.24 per share.
Including the session's moves, the stock was up nearly 4% year to date.
Fiscal 2027 outlook tops revenue estimates
The company expects fiscal 2027 revenue in the range of $12.10 billion to $12.25 billion, versus analysts' estimates of $12.08 billion, according to data compiled by LSEG.
It expects full-year adjusted earnings of $5.36 to $5.50 per share, with the midpoint in line with estimates of $5.43 per share.
Shares rise on forecast for resilient demand
Shares of uniform rental firm Cintas Corp. (CTAS) were up about 6% at $194.95 in early trading after the company forecast annual revenue above expectations, betting on resilient demand for its rental uniform and first-aid safety kits despite ongoing macroeconomic uncertainty.
