Cintas Corporation Announces Record Revenue for Fiscal Year 2014
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Revenue Results
Fourth quarter revenue of $1.16 billion grew 2.5 percent compared to last year's fourth quarter revenue of $1.13 billion. However, this revenue growth rate was negatively affected by the impact of the Shred-it Transaction. With the closing of the Shred-it Transaction effective April 30, 2014, Cintas will no longer include Document Shredding revenue in its reported revenue. As a result, we believe that revenue unaffected by the Shred-it Transaction is more representative of the ongoing revenue stream of Cintas.
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