Cintas Corporation (CTAS) Q1 FY2027 earnings

Reported results

• Total revenue $3,013,981 thousand, up 10.9% from $2,718,122 thousand in prior year first quarter
• Organic revenue growth rate 8.9% for the first quarter of fiscal 2027
• Operating income $711,887 thousand, up 15.2% from $617,859 thousand in prior year first quarter; operating margin 23.6% vs 22.7%
• Net income $551,711 thousand, up 12.3% from $491,140 thousand in prior year first quarter
• Diluted EPS $1.36, up 13.3% from $1.20 in prior year first quarter; adjusted diluted EPS $1.39, up 15.8%, excluding $14.4 million UniFirst transaction expenses ($0.03 per share impact)
• Gross margin $1,553,543 thousand (51.5% of revenue) vs $1,366,561 thousand (50.3% of revenue) in prior year first quarter

Guidance

• Updated fiscal 2027 total revenue guidance: $12,150,000 thousand to $12,270,000 thousand (vs initial guidance of $12,100,000 thousand to $12,250,000 thousand)
• Updated fiscal 2027 adjusted diluted EPS guidance: $5.45 to $5.54 (vs initial guidance of $5.36 to $5.50)
• Fiscal 2027 interest, net expected to be approximately $103,000 thousand vs $101,200 thousand in fiscal 2026
• Fiscal 2027 effective tax rate expected to be 20.4% vs 20.2% in fiscal 2026
• Adjusted diluted EPS guidance excludes non-recurring transaction costs related to the UniFirst acquisition

Notes

First quarter fiscal 2027 included $14,412 thousand of transaction expenses related to the proposed UniFirst Corporation acquisition. The adjusted diluted EPS of $1.39 excludes these transaction expenses which had a $0.03 impact on diluted EPS. Fiscal year 2027 has one more workday (261 days) than fiscal year 2026 (260 days). The effective tax rate in the first quarter was 20.0% vs 17.6% in prior year first quarter, impacted by discrete items primarily related to stock-based compensation tax accounting.

Price and volatility reaction

The stock moved -3.4% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -4.4 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-23 (8-K, Item 2.02). Read the original filing on sec.gov.