Cintas Raises Full-Year Outlook Following Fiscal First-Quarter Beat

12:43 PM EDT, 09/23/2026 (MT Newswires) -- Cintas (CTAS) increased its full-year financial guidance as the uniform supplier reported better-than-expected fiscal first-quarter results. The company now expects adjusted earnings in a range of $5.45 to $5.54 a share for fiscal 2027, up from its previous guidance of $5.36 to $5.50, it said Wednesday. Revenue is now pegged at $12.15 billion to $12.27 billion, compared with its prior outlook range of $12.10 billion to $12.25 billion. The current consensus on FactSet is for non-GAAP EPS of $5.51 and sales of $12.22 billion for the year. For the quarter ended August, adjusted EPS climbed nearly 16% year over year to $1.39, topping Wall Street's view for $1.35. Revenue advanced 11% to $3.01 billion, ahead of the Street's $2.98 billion estimate. On an organic basis, revenue grew 8.9%. Sales from uniform rental and facility services improved 9.7% to $2.29 billion. "We remain encouraged by the consistency of demand we are seeing," Cintas Chief Executive Todd Schneider said on an earnings conference call, according to a FactSet transcript. The earnings outlook excludes nonrecurring transaction costs related to Cintas' pending acquisition of rival UniFirst (UNF), Schneider said in a statement. The company agreed to purchase UniFirst in a cash-and-stock deal worth about $5.5 billion announced in March. Cintas is continuing to engage with the US Federal Trade Commission as it reviews the deal, according to Schneider. "We remain optimistic that the deal will close by the end of calendar 2026," the CEO said during the call. Last month, RBC Capital Markets said it expected Cintas to raise its fiscal 2027 outlook driven by robust revenue growth in the first quarter. The company's shares were down 1.1% in Wednesday afternoon trade. So far in 2026, the stock has gained 4.3%. Earlier this month, facility services provider ABM Industries (ABM) tightened its fiscal 2026 earnings outlook. Aramark (ARMK) lifted its full-year organic revenue growth outlook last month following better-than-expected fiscal third-quarter results. Price: 196.60, Change: -2.20, Percent Change: -1.11