Cintas Corporation (NASDAQ: CTAS) stock rose 0.60% after the company reported the Net income from continuing operations of $189 million, which is a rise of 130.4% from last year’s fourth quarter. Further, CTAS has made two significant investments. The first is for the acquisition of G&K. The company has now closed nearly all operations necessary to eliminate redundancies, which is 63 operations to date. Also, all G&K operations have been converted to Cintas operating systems. The second is the implementation of an enterprise resource planning system. CTAS has converted 29 more operations to the new system in the fourth quarter, for a total of 108 so far, which is 34% of the total including G&K operations.

CTAS in the second quarter of FY 18 has reported the adjusted earnings per share of $1.66, missing the analysts’ estimates for the adjusted earnings per share of $1.67, according to figures compiled by Thomson Reuters. The company had reported the adjusted revenue growth of 9.2 percent to $1.67 billion in the second quarter of FY 18. The organic revenue growth rate, that adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 5.1%. As a reminder, we closed on the acquisition of G&K Services, Inc. on March 21, 2017, so the organic growth rate no longer adjusts for that acquisition. The organic revenue growth rates for the Uniform Rental and Facility Services and First Aid and Safety Services reportable operating segments were 5.3% and 9.4%, respectively.

Moreover, the operating income for the fourth quarter of fiscal 2018 of $265 million increased 49.7% from last year’s fourth quarter operating income of $177 million. Operating income was reduced $15 million in the fourth quarter of FY 18 and $63 million in the fourth quarter of FY17 by transaction and integration expenses related to the G&K acquisition.

For FY 19, the company expects revenue to be in the range of $6.75 billion to $6.82 billion and earnings per share from continuing operations to be in the range of $7.00 to $7.15. This earnings per share guidance excludes the impact of any fiscal 2019 share buybacks. It also excludes G&K integration expenses. However, the company expect G&K integration expenses to be incurred in fiscal 2019 as they continue to integrate this significant acquisition, and the company’s estimate that they will total $15 million to $20 million.