Originally published at www.seclive.com
Filing in Focus: Cintas 8-K, December 19, 2013
Cintas Corporation (NASDAQ:CTAS) announced its second quarter financial results for the 2014 fiscal year, reporting increases in both revenue and earnings. The corporate-supply store posted revenue of $1.14B, a 7.9% increase from a year ago, while organic growth improved 7.1%. The company's earnings were up 8.8% from $78.0M to $84.9M, while earnings per share increased 11.1% from $0.63 to $0.70 per share. CEO Scott Farmer commented that the company's results during the year and the current quarter have been strong, and that despite a hesitant job market Cintas continues to generate new business. Cintas paid a $0.77 per share dividend to shareholders last week, a 20.3% increase from a year ago. This marks the 31st consecutive year the company has raised its dividend, which is also every year since it went public.
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