Cintas Corporation Reports 8.4% Revenue Growth to $2.61 Billion for Quarter Ended February 28, 2025

Cintas Corporation reported a strong financial performance for the three and nine months ended February 28, 2025, with total revenue reaching $2.61 billion for the quarter, an increase of 8.4% from $2.41 billion in the same period last year. For the nine-month period, revenue rose to $7.67 billion, up 7.7% from $7.13 billion. The company's net income for the quarter was $463.5 million, a 16.6% increase compared to $397.6 million in the prior year, while diluted earnings per share rose to $1.13 from $0.96. The growth in revenue was attributed to new business acquisitions, increased penetration of services among existing customers, and price increases, despite some losses in business.

Cintas experienced notable improvements in its operating segments. The Uniform Rental and Facility Services segment generated $2.02 billion in revenue for the quarter, up 7.7% year-over-year, while the First Aid and Safety Services segment saw a 14.9% increase in revenue to $301.8 million. The overall organic revenue growth rate, which excludes the impact of acquisitions and foreign currency fluctuations, was 7.9% for the quarter. The company also reported a decrease in costs as a percentage of revenue, with the cost of uniform rental and facility services improving from 51.2% to 50.0% due to more efficient inventory usage and routing.

In terms of strategic developments, Cintas continued to expand its operations through acquisitions, acquiring a total of 20 businesses across various segments in the nine months ended February 28, 2025. The company also reported a significant increase in its employee headcount, reflecting its growth strategy and commitment to enhancing service delivery. Cintas' total assets increased to $9.61 billion as of February 28, 2025, compared to $9.17 billion at the end of the previous fiscal year, driven by growth in accounts receivable and goodwill.

Looking ahead, Cintas remains optimistic about its growth trajectory, supported by strong cash flows from operations, which amounted to $1.53 billion for the nine months ended February 28, 2025. The company has access to a $2.0 billion revolving credit facility, providing additional liquidity for future investments and acquisitions. Cintas plans to continue focusing on expanding its customer base and enhancing its service offerings while maintaining a disciplined approach to cost management. The company expects to leverage its strong market position to navigate potential economic challenges and capitalize on growth opportunities in the coming quarters.