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Cintas fiscal Q2 profit climbs 11.2% YOY

Cintas Corp. said its normalized net income for the fiscal second quarter ended Nov. 30, 2015, came to $1.05 per share, compared with the S&P Capital IQ consensus estimate of 100 cents per share.

EPS rose 19.9% year over year from 87 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $115.2 million, a gain of 11.2% from $103.5 million in the prior-year period.

The normalized profit margin increased to 9.4% from 9.2% in the year-earlier period.

Total revenue rose 8.5% on an annual basis to $1.22 billion from $1.12 billion, and total operating expenses increased 8.2% on an annual basis to $1.02 billion from $941.8 million.

Reported net income rose 11.1% on an annual basis to $113.4 million, or $1.03 per share, from $102.0 million, or 86 cents per share.