Top 40 promotional products distributor Cintas (asi/162167) has reported that it increased its 2019 fiscal year total company revenue to $6.89 billion, a 6.4% annual jump.

Net income was up too, rising 5% year-over-year to $884.98 million. Earnings per share for the year also accelerated. Basic EPS was up 6% to $8.25. Diluted EPS advanced 5.7% to $7.99.

Scott D. Farmer, Cintas

“The Cintas story is one of growth,” said Scott D. Farmer, Cintas’ chairman and CEO. “We have grown revenue and profit 48 of the past 50 years. Our opportunity for continued growth is great.”

Ended May 31, Cincinnati-based Cintas’ 2019 fiscal year concluded with a fourth quarter that saw total revenue rise 7.4% over 2018 to $1.79 billion. Net income for Q4 soared 21.5% to $226.1 million. Basic EPS was $2.13, up from last year’s $1.71. Diluted EPS for the fourth quarter was $2.06, a 24% leap over 2018’s tally.

For the full year fiscal 2019, Cintas generated the majority of its revenue – about $5.5 billion – from its uniform rental and facility services business. Specifics on Cintas’ 2019 North American promo products-related sales weren’t available, but Counselor estimates the Ohio firm’s 2018 ad specialty revenue was about $173.2 million. That was good enough to earn Cintas 14th place on Counselor’s annual ranking of the 40 largest distributors in the promo industry.

Cintas is predicting more growth for fiscal 2020. Said Farmer: “We expect (total company) revenue to be in the range of $7.24 billion to $7.31 billion, and EPS from continuing operations to be in the range of $8.30 to $8.45.”