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Cintas fiscal Q3 profit climbs 7.5% YOY

Cintas Corp. said its normalized net income for the fiscal third quarter ended Feb. 28 amounted to $1.10 per share, compared with the S&P Capital IQ consensus estimate of $1.07 per share.

EPS increased 9.0% year over year from $1.01.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $119.0 million, a gain of 7.5% from $110.7 million in the prior-year period.

The normalized profit margin rose to 9.3% from 9.1% in the year-earlier period.

Total revenue rose 5.3% year over year to $1.28 billion from $1.22 billion, and total operating expenses climbed 5.3% year over year to $1.08 billion from $1.02 billion.

Reported net income increased on an annual basis to $116.5 million, or $1.08 per share, from $114.9 million, or $1.05 per share.