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Cintas Corporation Q2 revenue $1.12 billion

Staff writer ▼ | December 22, 2014
Cintas Corporation reported revenue for its second quarter ended November 30, 2014, of $1.12 billion, which was approximately the same total as last year's second quarter.
Cintas Corporation
Flat   Reported approximately the same total
This year's second quarter revenue does not include any Document Shredding revenue as a result of the transaction with Shred-it International that closed on April 30, 2014, whereas last year's second quarter does.

Organic growth, which adjusts for the impacts of acquisitions, foreign currency and the Shred-it Transaction, was 7.2%.

Operating income for the fiscal 2015 second quarter was $181.2 million, an increase of 19.0% compared to last fiscal year's second quarter. Net income for the fiscal 2015 second quarter was $120.4 million, and earnings per diluted share (EPS) for the fiscal 2015 second quarter were $1.00.

Fiscal 2015 second quarter EPS was positively impacted by $0.14 from discontinued operations, which included a gain from the sale of Cintas' Document Storage and Imaging business. The sale of the Document Storage and Imaging business was previously announced by Cintas in a press release dated November 6, 2014.

Fiscal 2015 second quarter EPS from Continuing Operations was $0.86, which is an increase of 24.6% over last fiscal year's second quarter EPS from Continuing Operations of $0.69. Operating income, net income and EPS are discussed in more detail in the Fiscal 2015 Second Quarter Results section below.


 

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