Cintas Corporation (NASDAQ: CTAS)
CTAS (?Cintas?) previously reported results for its second quarter ended November 30, 2012. Revenue for the second quarter was $1.06 billion, representing a 4.0% 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 3.4%. Recycled paper prices remained lower than last year, and this negatively impacted second quarter consolidated revenue by $5.5 million, or 0.6%, compared to last year?s second quarter.
CTAS (?Cintas?) operating income of $139.0 million was a 4.8% increase as compared to last year?s second quarter. Net income increased 4.9% to $78.0 million as compared to $74.4 million in last year?s second quarter. Earnings per diluted share (EPS) for the second quarter were $0.63, a 10.5% increase over the $0.57 earnings per diluted share in last year?s second quarter.
Headquartered in Cincinnati, Cintas Corporation (NASDAQ: CTAS), provides highly specialized services to businesses of all types primarily throughout North America. Cintas designs, manufactures and implements corporate identity uniform programs, and provides entrance mats, restroom supplies, promotional products, first aid, safety, fire protection products and services and document management services for over one million businesses. Cintas is a publicly held company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of the Standard & Poor?s 500 Index. For more information about Cintas Corporation please visit www.cintas-corp.com.
In my opinion this is a stock to watch!
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