Mr. Schneider concluded, "On March 10, 2026, Cintas entered into an agreement to acquire UniFirst Corporation. We are excited about the substantial value we expect to create for shareholders and customers through the UniFirst transaction and we look forward to welcoming UniFirst Team Partners to Cintas once we complete the transaction. As we enter into the final quarter of fiscal 2026, we are raising our full fiscal year financial guidance. We are raising our annual revenue expectations to a range of $11.21 billion to $11.24 billion and raising our adjusted diluted EPS to a range of $4.86 to $4.90. The adjusted EPS guide does not include the impact of non-recurring transaction expenses related to the UniFirst acquisition. Our diversified customer base, proven track record of execution and world-class employee-partners position us exceptionally well for continued growth. We remain committed to our balanced capital allocation strategy and delivering value for our shareholders and our customers."

Please note the following regarding the annual revenue guidance:

  • Both fiscal year 2026 and fiscal year 2025 have the same number of workdays for the year and by quarter.
  • Guidance excludes expected impacts from the pending UniFirst acquisition.
  • Guidance does not assume any future acquisitions.
  • Guidance assumes a constant foreign currency exchange rate.

Please note the following regarding the adjusted diluted EPS guidance:

  • Fiscal year 2026 interest, net is expected to be approximately $101.0 million compared to $95.5 million in fiscal year 2025, primarily as a result of refinancing senior notes at a higher interest rate in the fourth quarter of fiscal 2025, as well as higher variable rate interest expense from commercial paper as a result of buyback activity during fiscal 2026. Expected interest, net may change as a result of debt activity or issuance of commercial paper related to future share buybacks or acquisition activity.
  • Fiscal year 2026 effective tax rate is expected to be 20.0%, which is the same as fiscal year 2025.
  • Our adjusted diluted EPS guidance does not include the impact of future share buybacks or significant economic disruptions or downturn.
  • Adjusted diluted EPS guidance excludes estimated non-recurring transaction costs related to the UniFirst acquisition. Transaction costs related to the UniFirst acquisition incurred during fiscal year 2026 are estimated to have an impact on diluted EPS in a range of $0.03 to $0.04.