NEW YORK (TheStreet) -- Cintas Corp. (CTAS - Get Report), a company that provides specialized products to a variety of businesses across the world, reported its financial results for the 2014 fourth quarter and fiscal year.
Cintas reported an increase in net income for the 2014 fourth quarter to $127.2 million, or $1.03 per share, compared to $32.9 million, or 27 cents per share for the same quarter last year.
For the fiscal year the company's net income was $374.4 million, or $3.05 per share versus $31.5 million, or 26 cents per share for the 2013 fiscal year.
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Revenues also increased, for the 2014 fourth quarter Cintas posted $1.16 billion in revenue, compared to $1.12 billion for the 2013 fourth quarter. Revenue grew for the fiscal year to $4.55 billion, from $1.13 billion for 2013. Shares of Cintas are slightly lower in after-hours trading on Tuesday. Separately, TheStreet Ratings team rates CINTAS CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation: "We rate CINTAS CORP (CTAS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook." CTAS data by YCharts
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