Cintas Corp. (CTAS) Misses Q2 EPS by 2c, Offers FY Guidance
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Cintas Corporation Announces Fiscal 2017 Second Quarter Results
December 22, 2016 4:15 PM ESTCINCINNATI--(BUSINESS WIRE)-- Cintas Corporation (Nasdaq: CTAS) today reported results for its second quarter of fiscal year 2017 which ended November 30, 2016. Revenue for the second quarter was $1.30 billion, an increase of 6.4% over last years second quarter. The organic growth rate, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 5.7%. Organic growth for the Uniform Rental and Facility Services segment accelerated to a rate of 6.5%.
Second quarter gross margin improved to 44.1% from 43.3% last year. Scott D. Farmer, Cintas Chairman and Chief Executive Officer, stated, This is our 13th consecutive quarter of... More
