Cintas (CTAS) jumps on good earnings

Posted Jul 17th 2008 12:02PM by Victoria Erhart
Filed under: Earnings Reports, Good news, Cintas Corp (CTAS)

Both 4Q and FY 2008 numbers from Cintas Corporation (NASDAQ: CTAS) were uniformly good. For the first time in company history, Cintas booked more than $1 billion in revenue for a single quarter. FY2008 revenue totaled $3.9 billion, up 6%. 4Q net income hit $90 million, $355 million for the year. Diluted EPS totaled $0.58 for 4Q and $2.15 for the year. Cintas had its best quarter for the year while the economy slowed the most. Good job.

All operating divisions recorded profits for FY2008, and the company completed its 39th straight year of growth in revenues and earnings. Cintas generated free cash flow at 9% of revenue or $354 million, which it used in part to repurchase $191 million worth of company stock.

Cintas manufactures uniforms, company apparel, restroom supplies and commercial fire and safety products. Nothing fancy, but all items necessary to run any type of business. The stock currently trades at $26.77, near its 52- week low of $25.15.

Tags: apparel logo, ApparelLogo, Cintas Corporation, CintasCorporation, CTAS, inthenews, uniforms