Cintas (NASDAQ:CTAS) shares rose around 7% intra-day on Wednesday after the company raised its full-year earnings and revenue forecast on the back of a strong fiscal third-quarter performance that topped Wall Street estimates.

The company reported earnings per share of $1.13, beating the analyst consensus of $1.05, while revenue came in at $2.61 billion, slightly above the $2.6 billion expected.

A key highlight was gross margin improvement to 50.6%, up from 49.4% a year ago and ahead of the 50% estimate, showcasing the company’s operational strength and pricing discipline.

Cintas also upgraded its fiscal 2025 earnings guidance, now expecting EPS between $4.36 and $4.40, up from its previous range of $4.28 to $4.34, and ahead of the $4.33 Street forecast.

The company nudged its revenue forecast slightly higher, projecting full-year sales between $10.28 billion and $10.31 billion, compared to the previous $10.25 billion to $10.32 billion range. Analysts were looking for $10.32 billion.