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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Cintas Profit And Revenue Up 0 comments
    Sep 20, 2013 11:01 AM | about stocks: CTAS

    Originally published at

    Filing in Focus: Cintas 8-K, September 19, 2013

    Cintas Corporation (NASDAQ:CTAS) announced its financial results for the first quarter of fiscal year 2014, reporting a 1.3% rise in earnings. The company's earnings increased from $76.7M this quarter last year to $77.8M, while earnings per share increased similarly from $0.60 to $0.63. Company revenue increased 6.6% to $1.12B while its gross margin tightened from 42.4% to 41.6%. Uniform-rental sales, the largest segment for the company, increased 5% but saw a slight decrease in its gross margin from 43.3% to 42.6%. Cintas raised its annual earnings per share guidance by $0.04 to $2.79 in order to offset the effects of a $147M stock repurchase of three million shares. CEO Scott Farmer commented that the company does not plan to change its guidance amidst an uncertain economy.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: CTAS
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