Cintas Corporation Announces Fiscal 2010 First Quarter Results
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Excluding special charges, the company’s net income and earnings per diluted share for the first quarter ended August 31, 2009 both increased over 13 percent, as compared to the fourth quarter ended May 31, 2009. The special charges impacting these quarters were the legal settlement charge in the current quarter and a restructuring, fixed-asset impairment and inventory valuation charge in the fourth quarter of last year. The improvement in net income and earnings per diluted share was primarily due to the Company’s continued effort to control costs and right size the organization in the current economic environment.
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