10:40 AM EDT, 09/25/2024 (MT Newswires) -- Cintas ( CTAS ) raised its full-year guidance on Wednesday as the uniform supplier reported stronger-than-expected fiscal first-quarter results.

The company now anticipates per-share earnings to come in between $4.17 and $4.25 for fiscal 2025, up from its initial outlook of $4.06 to $4.19. Revenue is pegged at $10.22 billion to $10.32 billion, compared with the prior forecast range of $10.16 billion to $10.31 billion.

The current consensus among analysts surveyed by Capital IQ is for EPS of $4.17 on revenue of $10.28 billion for the ongoing fiscal year. The stock edged up 1% in Wednesday trading.

"Our raised fiscal 2025 outlook reflects the continued momentum we see across the business," Chief Executive Todd Schneider said in a statement.

For the three months through August, earnings advanced 18% year over year to $1.10 a share, topping the Street's view for $1. Revenue rose to $2.5 billion from $2.34 billion a year earlier, just ahead of analysts' $2.49 billion estimate.

Sales from uniform rental and facility services grew 5.9% to $1.93 billion, while other revenue increased to $567.7 million from $515.5 million.

Gross margin as a percentage of revenue improved 140 basis points year over year to 50.1% in the first quarter. Selling and administrative expenses rose to $691.1 million from $641 million last year, according to the company.

"Our first-quarter fiscal 2025 results reflect the strength and breadth of Cintas' ( CTAS ) value proposition for businesses of all types," Schneider said. "Cintas ( CTAS ) delivered revenue and earnings growth, continued margin expansion and strong cash generation, all of which enabled our balanced approach to capital allocation."

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