Cintas Corporation (NASDAQ: CTAS), a leading uniform rental company, has announced financial results for the first quarter of fiscal 2026.
- First-quarter revenue increased 8.7% to $2.72 billion from $2.50 billion in last year’s first quarter
- Organic revenue growth for Q1, adjusted for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 7.8%
- Net income increased 8.7% to $491.1 million in the August quarter from $452.0 million in the prior-year quarter
- On a per-share basis, Q1 earnings rose 9.1% to $1.20 from $1.10 in the comparable quarter of fiscal 2025
- The management raised its FY26 revenue guidance to the range of $11.06-11.18 billion from the previous forecast in the range of $11.00 billion to $11.15 billion
- Full-year earnings per share guidance has been updated to the range of $4.74-4.86 from the previous outlook of $4.71- 4.85
- In fiscal 2026, the effective tax rate is expected to be 20.0%, which is unchanged from fiscal 2025