Uniform rental firm Cintas raises annual forecasts on strong demand

• Cintas expects fiscal 2027 revenue in the range of $12.15 billion to $12.27 billion, compared with prior expectations between $12.10 billion to $12.25 billion.
• It forecast full-year adjusted earnings of $5.45 to $5.54 per share, up from $5.36 to $5.50 per share previously.
• The uniform rental firm's first-quarter revenue rose 10.9% to $3.01 billion from a year ago. Analysts had estimated a rise of about 10% to $2.98 billion.
• Its quarterly adjusted profit came in at $1.39 per share, beating estimates of $1.35 per share.
• The company, which supplies workplace products and services ranging from uniforms and shop towels to safety and fire protection offerings, now expects its $5.5 billion acquisition of smaller rival UniFirst to close before the end of calendar 2026, compared with its prior expectation of completion in the second half of 2026.

Sept. 23 (Reuters) - Cintas Corp. on Wednesday raised its annual revenue and profit forecasts after beating estimates for first-quarter profit, betting on resilient demand for its uniform rental and workplace-safety services, despite ongoing macroeconomic uncertainty.