CINTAS CORP Annual Report, Year Ended May 31, 2019

Cintas Corporation reported total revenues of $6.9 billion for the fiscal year ended May 31, 2019, representing a 6.4% increase over the prior year, driven by a 6.5% organic growth rate. The Uniform Rental and Facility Services segment remains the largest contributor, with revenue up 5.8%, and demonstrated improved gross margins. The First Aid and Safety Services segment also showed solid performance with revenue growth of 9.7%. The company continued its share repurchase program, repurchasing $543.4 million in the fiscal year, and increased its quarterly dividend, marking the 36th consecutive year of dividend increases. Financially, Cintas demonstrated strong operational efficiency, with income before income taxes increasing by 31.1%. Net income from continuing operations grew 12.6% to $882.6 million, leading to diluted earnings per share from continuing operations of $7.97, a 13.4% increase. The company's financial health remains robust, supported by strong operating cash flow of $1.1 billion. Cintas is well-positioned for continued growth, driven by its strategy of increasing penetration with existing customers and expanding its customer base.