Overview
- Revenue rose 2.7% to $621.318 million as adjusted EPS reached $1.97 and GAAP EPS fell to $1.89, with net income declining to $34.363 million.
- Operating margin slipped to 7.3% from 9.2% and adjusted EBITDA margin fell to 13.3% from 15.5%, reflecting spending on growth and digital initiatives.
- The quarter included about $2.3 million of ERP Key Initiative costs that reduced net income by $1.7 million and diluted EPS by nine cents.
- Full‑year guidance was reaffirmed at $2.475–$2.495 billion in revenue and $6.58–$6.98 in EPS, which includes an estimated $7 million of ERP costs.
- Shares moved lower after the report as the company highlighted solid liquidity with $129.5 million in cash, no long‑term debt, $31.7 million of buybacks, a $0.365 dividend, and an ongoing board review of Cintas’s $275‑per‑share proposal.