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Cintas Q2 revenue $1.14 billion

Staff writer ▼ | December 30, 2013
Cintas Corporation reported results for its second quarter ended November 30, 2013. Revenue for the second quarter was $1.14 billion, a 7.9% increase compared to last year's second quarter.
Cintas
CintasCintas Corporation reported results for its second quarter ended November 30, 2013. Revenue for the second quarter was $1.14 billion, a 7.9% increase compared to last year's second quarter.


Organic growth, which adjusts for the impact of acquisitions, compared to last year's second quarter, was 7.1%.

The company's operating income of $153 million was a 10% increase as compared to last year's second quarter. Net income increased 8.8% to $84.9 million as compared to $78.0 million in last year's second quarter.

Earnings per diluted share (EPS) for the second quarter were $0.70, an 11.1% increase over the $0.63 EPS in last year's second quarter.

The effective tax rate for the second quarter of fiscal 2013 was 36.5%, which reflected the positive impact of certain revised tax regulations. This year's second quarter effective tax rate was 37.9%. The company expects the effective tax rate for the entire 2014 fiscal year to be approximately 37.3%.


 

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