Cintas Corporation Announces Record Revenue for Fiscal Year 2014
Net income was $127.2 million and $374.4 million for the fourth quarter and fiscal 2014, respectively. However, as noted above, the Shred-it Transaction positively impacted these figures. Net income, adjusted for the Shred-it Transaction, which is more representative of the operating performance of Cintas, was $94.3 million and $342.9 million for the fourth quarter and fiscal 2014, respectively. Net income growth over last fiscal year, adjusted for the Shred-it Transaction, for the fourth quarter and fiscal 2014 was 9.7 percent and 8.7 percent, respectively. EPS, adjusted for the Shred-it Transaction, was $0.76 and $2.79 for the fourth quarter and fiscal 2014, respectively. EPS growth over last fiscal year, adjusted for the Shred-it Transaction, for the fourth quarter and fiscal 2014 was 10.1 percent and 10.7 percent, respectively.