Cintas Posts Solid Gross Margin Improvement and Strong First-Aid Growth in Its Fiscal 1Q 2018
In its fiscal first-quarter 2018 (ended August), wide-moat uniform-rental specialist Cintas' consolidated top line increased 8.3% organically, slightly ahead of our approximate 8% run-rate forecast for fiscal 2018. Total operating margin also came in modestly ahead of our expectations--despite the addition of G&Ks lower margin operations (acquired in March)--due to a solid performance in Cintas’ legacy uniform rental unit and impressive execution in terms of Zee Medical synergies in the firs...Cintas is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services. The company's segments are Uniform Rental and Facility Services, which consists of the rental and servicing of uniforms and other garments, including flame resistant clothing, mats, mops and shop towels and other ancillary items; and The First Aid and Safety Services, which consists of first aid and safety products and services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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