Home / Knowledge / News / Apparel/Garments / Revenue rises 8.5% in Q2 FY16 at Cintas Corporation
Revenue rises 8.5% in Q2 FY16 at Cintas Corporation
24
Dec '15
Cintas Corporation, a US based provider of specialty uniform programmes and other products, reported a rise of 8.5 per cent in its revenue for the second quarter of fiscal 2016, ending on November 30, 2015 to $1.22 billion as compared to $1.12 billion in the corresponding quarter of fiscal 2015, according to a press statement released by Cintas.

Net income from continuing operations for the second quarter of fiscal 2016 was $115.5 million, a rise of 11.37 per cent, as compared to $103.7 million in the corresponding quarter last fiscal. EPS from continuing operations for the second quarter of fiscal 2016 was $1.03, a rise of 19.7 per cent, as compared to $0.86 in the corresponding quarter last fiscal.

Operating income for the second quarter of fiscal 2016 was $200.3 million, a rise of 10.3 per cent, as compared to $181.5 million in the corresponding quarter last fiscal. Organic growth, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 6.5 per cent.

Commenting on the results, Scott D Farmer, CEO of Cintas Corporation said, “Our solid start to fiscal year 2016 was followed by a second quarter of excellent financial results. We are pleased to again report strong increases in organic revenue, operating income and EPS.”

“We expect fiscal 2016 revenue to be in the range of $4.825 billion to $4.880 billion and fiscal 2016 EPS from continuing operations to be in the range of $3.83 to $3.90. This guidance does not include any potential deterioration in the US economy or share buybacks,” he added. (MCJ)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search