I remain upbeat about the shares of Cintas, a US largest producer of corporate uniform and a provider of diversified services for businesses. The latest US economic data show continued employment recovery and improvement in business confidence, which should support demand for the company’s products and services. Cintas’ financials for its fiscal 2016 third quarter ended Feb 29 were solid, with both top and bottom line exceeding consensus estimates and notably up y-o-y. Organic revenue growth was 6.8% driven primarily by the addition of newer customers, higher product prices and higher penetration of existing customers through better and innovative products and services. Expense discipline allowed the company to improve operating margin, and adjusted earnings per share of $1.05 jumped 23.5% y-o-y and surpassed analysts’ average projection by healthy 10 cents. Cintas has a solid financial position with adequate liquidity, which allows it to buy back shares. The company repurchased 5.7 mn shares since the beginning of fiscal 2016 for $482.9 mn, including $100 mn in FQ3, and currently has $280 mn worth of shares available for repurchase. Encouraged by the healthy FQ3 results, Cintas improved its guidance for full fiscal year 2016. The company now expects fiscal 2016 revenues in the range of $4.860-4.890 bn, up 8.6-9.2% y-o-y. Earnings from continuing operations are expected to be within $3.98-4.03 per share, which represents a y-o-y improvement of 18.8-20.3%. I expect that shares of Cintas will continue growth and reach the $100 mark in medium term.