Home / Knowledge / News / Apparel/Garments / Q4FY15 revenues at Cintas Corporation flat
Q4FY15 revenues at Cintas Corporation flat
18
Jul '15
Revenues for the fourth fiscal quarter ended May 31, 2015 at uniform services provider and US based Cintas Corporation were flat over the same quarter of fiscal 2014. 
 
In a press release, Cintas said its revenue for the fourth quarter of fiscal 2015 totalled to $1.14 billion, up by just 0.7 per cent over the fourth quarter of fiscal 2014, while organic growth was 6.0 per cent. 
 
Fiscal 2015 fourth quarter gross profit was $486.7 million, or 42.6 per cent of revenue, compared to fiscal 2014 fourth quarter gross profit of $456.2 million, or 42.2 per cent of revenue. 
 
In the reporting quarter, operating profit touched $177.7 million or 15.6 per cent of revenue as against $166.4 million or 15.4 per cent in the prior fiscal fourth quarter.
 
Net income from continuing operations and EPS from continuing operations, as adjusted, increased over the fiscal 2014 fourth quarter by 6.3 per cent and 11.7 per cent, respectively.
 
“Fourth quarter EPS, excluding discontinued operations, income or loss on Shred-it investment, and certain other impacts, was $0.86, representing an increase of 11.7 per cent over the prior year period,” it added.
 
Revenue for the full fiscal amounted to $4.48 billion, here to up by just 0.2 per cent over its previous fiscal. However, it reported organic growth at 7.1 per cent for fiscal 2015. 
 
For the full fiscal of 2015, gross profit improved to $1,921.3 million, or 42.9 per cent of revenue from adjusted gross margin of $1,749.8 million, or 41.7 per cent of revenue in fiscal 2014, up 9.8 per cent.
 
Net income in fiscal 2015 from continuing operations and EPS from continuing operations, as adjusted, surged over fiscal 2014 by 17.5 per cent and 21.8 per cent, respectively.
 
Earnings per diluted share, excluding discontinued operations, income or loss on Shred-it investment, and certain other impacts, were $3.35 or a massive rise of 21.8 per cent over fiscal 2014. 
 
During the fourth quarter and into the first quarter of fiscal 2016, Cintas purchased 4.4 million shares of common stock at a cost of $370.0 million. 
 
This share buyback, according to Cintas had a positive impact of $0.01 on fourth quarter EPS since it occurred so late in the fourth quarter and into the first quarter of fiscal 2016. 
 
As of July 16, 2015, the Company has $130.0 million available under the current board of directors stock repurchase authorisation. 
 
The total share purchases included acquiring 2.9 million shares at an aggregate cost of approximately $237.1 million during the fourth quarter.
 
The remaining 1.5 million shares were purchased between the start of fiscal 2016 and July 16, 2015 at an aggregate cost of approximately $132.9 million.
 
For fiscal 2016, Cintas expects revenue to be in the range of $4.70 billion to $4.78 billion earnings per share to be in the range of $3.74 to $3.83. (AR)
 

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search