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Cintas posts a 96 percent profit plunge

July 17, 2009
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CINCINNATI — Uniform supplier and service provider Cintas Corporation posted a 96 percent plunge in profit for the fiscal fourth-quarter of 2008, according to the Associated Press.
The drop in profit was largely due to a one-time restructuring fee of $54 million, the story stated.
Earnings for the three-month period were a mere $4.1 million, the story noted.
For the entire fiscal year, Cintas'' profit decreased 33 percent from $335.4 million to $226.4 million, the story added.
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