Cintas Corp (CTAS), a provider of corporate identity uniforms and related business services, has posted a 41.61 percent surge in profit for the quarter ended Aug. 31, 2014. The company earned $110.11 million or $0.93 a share in the first-quarter compared with $77.75 million or $0.63 a share a year ago. Adjusted earnings per share came in at $0.78, when analysts expected $0.75.

Revenue during the first-quarter went up marginally 0.17 percent to $1102.08 million from $1100.25 million in the last year period.

The company disclosed operating income of $163.49 million, compared with $139.61 million in the last year period.

''Our first quarter results reflect the continued good execution by our employees, who we call partners,'' said Scott D. Farmer, Cintas' chief executive officer. ''We have focused on selling good, profitable business over the past few years, as well as managing our cost structure and continuously improving the efficiency of our processes. This focus has resulted in improved margins and better customer retention.''

Farmer concluded, ''We now expect fiscal 2015 revenue to be in the range of $4.40 billion to $4.475 billion, and fiscal 2015 EPS to be in the range of $3.20 to $3.29.''

Cash Flow

Cintas Corp has generated cash of $148.20 million from operating activities during the quarter, up 79.51 percent or $65.64 million when compared with the last year period.

The company has spent $38.82 million cash to meet investing activities during the quarter, as against cash outgo of $67 million in the last year period.

The company has spent $41.20 million cash to meet financing activities during the quarter, as against cash outgo of $88.93 million in the last year period.

As on Aug. 31, 2014, the company's cash balance stood at $581.45 million, up 108.65 percent or $302.78 million from Aug. 31, 2013.

Working Capital

Cintas Corp has witnessed an increase in the working capital over the last one year. The company's working capital stood at $1376.94 million as at Aug. 31, 2014, up $320.34 million or 30.32 percent from $1056.59 million on Aug. 31, 2013. It registered an increase in current ratio to 3.16 as at Aug. 31, 2014 from 3.05 on Aug. 31, 2013.

Days' sales outstanding moved down to 21 days for first quarter compared with 43 days for the last year period. This indicates the company has shortened credit period to clients for making payment.

Shares of the company declined $0.32 or 0.48 percent to settle at $65.95 on Monday.