Cintas total revenue rise by 6%

31 Jul '08

4 min read

During its fourth quarter the Company also paid an annual dividend of $0.46 per share, an 18% increase over the $0.39 per share paid in fiscal 2007. This marks the 25th consecutive year Cintas has increased its dividend, which is every year since the Company went public in 1983.

The Company's balance sheet remains strong. Despite the acquisition and buyback activity, the Company's debt to total capitalization remains under 30% and the Company's current ratio is a healthy 3.5 to 1.

Outlook:
Mr. Farmer stated, "We are excited with the opportunities that lie ahead for Cintas. Today, there is hardly a business or industry that you can think of that does not need one or more of our products and services."

Mr. Farmer continued, "While we remain bullish on all of our products and services, we expect the difficult economic environment to continue, which will impact our fiscal 2009 performance. Given this economic landscape, we expect revenue for fiscal 2009 to be in the range of $4.1 billion to $4.2 billion, with full year earnings per diluted share in the range of $2.22 to $2.30."

Cintas Corporation

More Cintas Corporation News... More Textiles News - United States Of America...