Overview

• Uniform and facility services provider's fiscal Q4 revenue grew 8.9%, beating analyst expectations

• Adjusted diluted EPS for fiscal Q4 rose 18.3% year-over-year

• Company expects fiscal 2027 revenue and adjusted EPS growth, excluding UniFirst acquisition impacts

Outlook

• Cintas sees fiscal 2027 revenue between $12.10 bln and $12.25 bln, up 7.4%-8.7%

• Company expects fiscal 2027 adjusted diluted EPS of $5.36 to $5.50

• Fiscal 2027 guidance excludes impacts from proposed UniFirst acquisition and assumes constant FX rates

Result Drivers

• GROSS MARGIN GAINS - Co said all-time high gross margin reflected impact of investments in technology, capacity and talent

• ORGANIC REVENUE GROWTH - Co cited 8.3% organic revenue growth rate in Q4 as demonstration of ability to deliver strong results in a dynamic macro environment

Company press release: ID:nBwbxy2nxa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue	Beat	$2.91 bln	$2.87 bln (16 Analysts)
Q4 EPS		$1.26
Q4 Net Income		$511 mln
Q4 Operating Income		$673 mln

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 11 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the business support services peer group is "buy."

• Wall Street's median 12-month price target for Cintas Corp is $203.00, about 10.1% above its July 14 closing price of $184.33

• The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 32 three months ago

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