Uniform rental firm Cintas forecasts upbeat annual revenue on strong demand

July 15 (Reuters) - Cintas Corp CTAS.O on Wednesday forecast annual revenue above Wall Street expectations, after beating quarterly profit and revenue estimates, betting on resilient demand for its rental uniform and first-aid safety kits despite ongoing uncertainty.

Steady hiring in the healthcare and government sectors has been benefiting the company, which serves customers ranging from hospitals to government offices, even as overall U.S. job growth slowed sharply in June.

Here are some details:

• Cintas expects fiscal 2027 revenue in the range of $12.10 billion to $12.25 billion, compared with analysts' average estimate of $12.08 billion, according to data compiled by LSEG.
• It forecast full-year adjusted earnings of $5.36 to $5.50 per share, the midpoint of which was in line with estimates of $5.43.
• Shares of the company were up about 3% in premarket trading following the results.
• The uniform rental firm's fourth-quarter revenue rose 8.9% to $2.91 billion from a year ago. Analysts had estimated a rise of 7.7% to $2.87 billion.
• Its quarterly profit came in at $1.26 per share, beating estimates of $1.24 per share.