Cintas 3Q Profit Rises Ahead of UniFirst Merger

Dow Jones03-25 20:45
 

By Nicholas G. Miller

 

Cintas reported higher third-quarter profit and raised its fiscal-year guidance as it prepares to integrate competitor UniFirst in an acquisition it had agreed to earlier this month.

The workplace products maker posted net income of $502.5 million, or $1.24 a share, up from $463.5 million, or $1.13 a share, the year prior. Analysts polled by FactSet had expected earnings of $1.23 a share.

Revenue rose 8.9% to $2.84 billion. Wall Street had expected $2.82 billion.

The company raised its fiscal 2026 revenue guidance to $11.21 billion to $11.24 billion, up from its prior forecast of $11.15 billion to $11.22 billion. It also boosted its adjusted earnings forecast to $4.86 to $4.90 a share, up from its previous outlook of $4.81 to $4.88 a share. Wall Street sees fiscal 2026 sales of $11.21 billion and adjusted earnings of $4.88 a share.

Earlier this month, Cintas agreed to acquire UniFirst in a deal with an enterprise value of $5.5 billion. The agreement came more than four years after Cintas first bid for the smaller uniform supplier.

It said the combined company would be better positioned to compete with well-resourced companies that are increasing their garment and facility offerings in what is a growing and competitive market.

 

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

 

(END) Dow Jones Newswires

March 25, 2026 08:45 ET (12:45 GMT)

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