Cintas Corporation

Cintas Corporation managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. Total revenue for the first quarter increased 8.1% to $2.34 billion. Every one of the enterprises is operating well. The company’s bottom line reaps the rewards of its robust volume and revenue growth. Operating income margin growth was 21.4%, up 110 basis points, while diluted EPS improved by 9.1% to $3.70. While price hikes have come closer to historical norms, volume growth continues to be the main driver of revenue growth. First Aid and Safety Services operating division’s revenue was $260.7 million for the first quarter compared to $234.2 million for the same period last year. The rate of organic revenue growth was 11%. Within the First Aid and Safety Services operational segment, their value offer is still resonating. Besides, the Fire business generated $174.3 million in revenue, with a 14.2% organic revenue growth rate. Revenue for the Uniform Direct Sale company was $80.5 million, a 2.7% organic decrease from the previous year. The company also collaborated with Honda to repurpose rental uniforms worn by Honda employees at their U.S. manufacturing and research and development facilities.