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Cintas fiscal Q2 profit climbs 21.7% YOY

Cintas Corp. said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, came to 87 cents per share, compared with the S&P Capital IQ consensus estimate of 78 cents per share.

EPS increased 24.1% year over year from 70 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $103.3 million, an increase of 21.7% from $84.9 million in the prior-year period.

The normalized profit margin rose to 9.2% from 7.6% in the year-earlier period.

Total revenue came to $1.12 billion, compared with $1.12 billion in the year-earlier period, and total operating expenses decreased from the prior-year period to $942.2 million from $971.7 million.

Reported net income increased 22.2% year over year to $102.0 million, or 86 cents per share, from $83.5 million, or 69 cents per share.