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Cintas fiscal Q1 profit climbs 15.8% YOY

Cintas Corp. said its normalized net income for the fiscal first quarter ended Aug. 31 was $1.28 per share, compared with the S&P Capital IQ consensus estimate of $1.31 per share.

EPS climbed 14.3% year over year from $1.12.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $139.4 million, an increase of 15.8% from $120.4 million in the year-earlier period.

The normalized profit margin fell to 8.7% from 9.5% in the year-earlier period.

Total revenue increased 27.2% on an annual basis to $1.61 billion from $1.27 billion, and total operating expenses climbed 28.2% year over year to $1.36 billion from $1.06 billion.

Reported net income grew 18.5% on an annual basis to $157.4 million, or $1.45 per share, from $132.8 million, or $1.24 per share.