Cintas reports Q2 continuing ops EPS $1.13, consensus $1.15
Reports Q2 revenue $1.3B, consensus $1.29B. Second quarter gross margin improved to 44.1% from 43.3% last year. Scott D. Farmer, Cintas' Chairman and Chief Executive Officer, stated, "This is our 13th consecutive quarter of year-over-year gross margin improvement. This, along with our industry leading organic sales growth, is a reflection of the significant opportunities that exist for us and of the great execution of our employees, whom we call partners." Gross margin of the Uniform Rental and Facility Services segment improved to 44.7%, an increase of 80 basis points compared to last year's second quarter. The First Aid and Safety segment gross margin improved to 46.1%, representing both a year-over-year and sequential increase of 290 and 30 basis points, respectively, due to the realization of synergies from the acquisition of ZEE Medical in fiscal 2016.