Cintas Corporation Announces Record Revenue for Fiscal Year 2014
For the businesses unaffected by the Shred-it Transaction, fourth quarter revenue grew 4.7 percent over last year's fourth quarter. When adjusting for one fewer workday in this year's fourth quarter compared to last year's fourth quarter, revenue for the businesses unaffected by the Shred-it Transaction grew 6.3 percent. Organic growth for those businesses, which adjusts for both the impact of acquisitions and the difference in workdays, was 6.1 percent. Scott D. Farmer, Chief Executive Officer, stated, "After very challenging weather in our third quarter, we are pleased to see our revenue growth rate rebound in the fourth quarter. Our Rental operating segment organic growth rate, in particular, improved from a third quarter rate of 5.4 percent to 6.7 percent in the fourth quarter."