Cintas

Cintas 4Q Profit Rises 28%; Sees Strong EPS View; Shares Up

Cintas Corp.

's (CTAS) fiscal fourth-quarter earnings rose 28% as the uniform and business-supplies company booked stronger-than-expected revenue and as cost controls gave a boost to margins.For the new year, it projected earnings of $1.97 to $2.05 a share on revenue of $4 billion to $4.1 billion. Analysts polled by Thomson Reuters were looking for $1.83 and $4.01 billion, respectively.Shares were up 7% at $33.01 after hours on the outlook and on the results' easily topping expectations.Cintas's top line has been rising recently, which Chief Executive Scott Farmer has attributed to sales-resource investments the company made as it noticed the economy reviving. The provider of corporate apparel and business supplies endured two years of rough business in the recession when high unemployment stifled demand. The latest monthly employment report from the Labor Department was discouraging, however, as the U.S. job market barely grew and the unemployment rate rose to its highest level of the ...

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