Cintas Corp. recently released its latest 10-Q report. The company provides corporate identity uniforms and related business services in the U.S., Canada and Latin America, with operations centered on uniform rental and facility services, first aid and safety services, and other businesses including fire protection and direct uniform sales. Its offerings include uniforms, mats, mops, shop towels, restroom cleaning supplies and services, first aid and safety products, workplace water services and fire protection services, delivered through local routes, representatives and a distribution network.
In Item 2, management said the business strategy remains focused on expanding revenue by increasing penetration with existing customers, broadening the customer base and adding products and services. Cintas said it serves more than one million businesses and continues to use frequent customer visits and a national sales force to cross-sell additional offerings. The company also said it evaluates acquisitions as opportunities arise.
For the three months ended Feb. 28, 2026, revenue rose 8.9% to $2.84 billion from $2.61 billion a year earlier. Organic revenue growth was 8.2%, with 0.4% from acquisitions and 0.3% from foreign currency. Uniform Rental and Facility Services revenue increased 7.7% to $2.18 billion, while other revenue, which includes First Aid and Safety Services and All Other, rose 12.9% to $664.0 million.
Cost of uniform rental and facility services increased 7.3% to $73.4 million, but fell to 49.7% of revenue from 50.0%. Cost of other rose 10.6% to $29.8 million, while improving to 46.7% of revenue from 47.6%. Selling and administrative expenses increased 11.1% to $79.1 million and were 27.8% of revenue, compared with 27.2% a year earlier.
Operating income for the quarter was $659.9 million, equal to 23.2% of revenue, versus $609.9 million, or 23.4%, a year earlier. Net interest expense increased to $27.4 million from $23.4 million, mainly because of higher average commercial paper borrowings. The effective tax rate was 20.6%, compared with 21.0%. Net income rose 8.4% to $502.5 million, and diluted earnings per share increased 9.7% to $1.24.
Within Uniform Rental and Facility Services, operating income increased 6.4% to $31.5 million, with margin at 23.9% of revenue. In First Aid and Safety Services, revenue climbed 14.9% to $346.8 million, operating income rose to $87.3 million from $71.5 million, and margin improved to 25.2% from 23.7%.
For the nine months ended Feb. 28, 2026, revenue increased 9.0% to $8.36 billion from $7.67 billion. Organic growth was 8.2%, with 0.7% from acquisitions and 0.1% from foreign exchange. Uniform Rental and Facility Services revenue rose 8.0% to $6.42 billion. The market has reacted to these announcements by moving the company's shares -4.52% to a price of $168.85. For more information, read the company's full 10-Q submission here.
