Cintas Corporation Beats on Top and Bottom Line (CTAS)

Cintas Corporation CTAS reports Q2 EPS $0.35 vs consensus of $0.33. Cintas Corp. reports Q2 revenue $909.4 million vs consensus of $884.02 million. Revenues rose by 3.5% year over year. The company issued mixed guidance, saying that FY 2011 EPS would come in at $1.50 to $1.58 on revenue of $3.55 to $3.75 billion. The Street was looking for $1.60 per share on revenues of $3.66 billion. Scott D. Farmer, Chief Executive Officer, stated, "We are pleased with our fourth quarter results, which exceeded our internal plan. Throughout this recent economic downturn, we have worked hard to position ourselves to grow revenue when conditions improve and jobs are added. Although the U.S. private sector job growth during our fourth quarter was slight, we were able to increase revenue." Shares of CTAS are flat in the after-hours trade. Cintas Corporation provides highly specialized services to businesses of all types primarily throughout North America. Cintas designs, manufactures and implements corporate identity uniform programs, and provides entrance mats, restroom supplies, promotional products, first aid, safety, fire protection products and services and document management services for approximately 800,000 businesses.