Strong sales execution remains a tailwind in Cintas' uniform rental operations.
In its fiscal fourth-quarter 2017 ended May, wide-moat uniform-renter Cintas’ top line increased a solid 8% organically, once again ahead of our expectations due to persistently strong sales execution. We raised our uniform-rental organic sales growth assumption for fiscal 2018 to 7.5% (from 6%), and our longer-term average growth forecast to 5.5% (from 5%). Because of also incorporating lower-than-anticipated capital expenditure guidance and the time value of money since our previous update, we...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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