CINCINNATI (AP) — Uniform supplier Cintas Corp. said Monday that its fiscal fourth-quarter net income rose 9 percent, but it gave a tepid outlook for the current year due in part to the health care overhaul.
Cintas said the federal government’s Affordable Care Act could cause some customers to delay hiring decisions, which would affect demand for uniforms. Cintas provides uniforms for a wide range of businesses in North America, as well as other products like entrance mats, restroom supplies, first aid and fire protection products.
Shares fell $1.69, or 3.5 percent, to $46.19 in aftermarket trading. The stock hit a 52-week high of $48.17 in regular trading Monday. They have gained 17 percent this year.
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