About Cintas Corporation

Cintas has a uniform approach to business. The #1 uniform supplier in the US boasts more than 1 million clients (McDonald's, MGM Resorts) and some 5 million people wear its garb each day. Cintas -- which sells, leases, and rents uniforms -- operates 385 facilities in 288 cities across the US and Canada; it leases about half of them. Besides offering shirts, jackets, slacks, and footwear, the company provides clean-room apparel and flame-resistant clothing. Other products offered by Cintas include uniform cleaning, first-aid and safety products, and clean-room supplies. Richard Farmer founded the company in 1968. Cintas is run by his son, CEO Scott Farmer.

Operations

In 2015 Cintas realigned its organizational structure and updated its reportable operating segments in light of certain changes in its business, including the acquisition of ZEE Medical. It now has two segments - Uniform Rental and Facility Services and First Aid and Safety Services.

Uniform Rental and Facility Services (77% of total revenues in 2016) consists of the rental and servicing of uniforms and other garments, including flame resistant clothing, mats, mops and shop towels and other ancillary items. In addition to these rental items, it provides restroom cleaning services and supplies, and carpet and tile cleaning services.

First Aid and Safety Services (9%) consists of first aid and safety products and services.

The remainder of Cintas' businesses (14%) consist primarily of Fire Protection Services and its Direct Sale business.

Geographic Reach

Cincinnati-based Cintas operates about 377 facilities, including five manufacturing plants and eight distribution centers, in some 286 cities across the US and Canada. It also serves businesses in Asia, Europe, and Latin America. The company has approximately 9,000 local delivery routes.

Sales and Marketing

Cintas provides its products and services to more than 1 million businesses of all sizes. Cintas uses its corporate website, www.cintas.com, as a channel for routine distribution of important information, including news releases, analyst presentations and financial information.

Financial Performance

The company has seen an upward trend in its revenues since 2011.

In fiscal 2016 Cintas' net revenues increased by 10%.

Revenues from the Uniform Rental and Facility Services grew by 6.7%, including an organic revenue increase of 6.4%. The amount of new business grew, resulting from an increase in the number and productivity of sales representatives due to increased tenure and improved training, which resulted in a higher number of products and services sold. Revenues also rose via acquisitions and increased working days in fiscal 2016.

First Aid and Safety Services and All Other revenues increased 20.3%. Some 8% was due to improved sales representative productivity. Acquisitions positively impacted the growth rate by 11.8%, and two more workdays positively impacted growth.

Cintas has recorded an increasing trend net income over the last five years.

In fiscal 2016 net income increased by 61% due to income from discontinued operations (Shred-it).

Cash from operating activities decreased by 20% due to the $229.5 million payment of taxes due on the gain on the sale of Shred-it. Excluding the impact of this tax payment, net cash provided by operations increased $115 million as a result of increased net income, partially offset by changes in working capital.

Strategy

Cintas' strategy for adding to its customer base includes investing in its sales force across all business segments as well expanding geographically. Beyond its dominant position in uniform rental and sales, Cintas is looking to emerging businesses, such as First Aid, Safety and Fire Protection Services, for growth. While still relatively small, representing 9% of sales, the business is growing through acquisitions and the introduction of new services. It is looking to increase its penetration with existing customers and by broadening its customer base to include business segments to which it has not historically served. It will also continue to identify additional product and service opportunities for its current and future customers.

The company pursues the strategy of broadening its customer base in several ways. Cintas has a national sales organization introducing all of its products and services to prospects in all business segments. Its broad range of products and services allows its sales organization to consider any type of business a prospect. It also broadens its customer base through geographic expansion, especially in its first aid and safety and fire protection businesses.

To raise cash to pay down debt and reinvest in its core businesses, in 2015 Cintas sold its 42% stake in Shred-it International to JV partner Stericycle, for about $600 million. In 2014 the company exited another line of business when it sold a portion of its document management operations for $180 million.

Mergers and Acquisitions

As part of the strategy, in 2016, Cintas acquired two businesses included in the Uniform Rental and Facility Services segment, two businesses included in the First Aid and Safety Services segment and six businesses included in All Other. The company also acquired Zee Medical for $130 million which expanded its footprint in van-delivered first aid, safety, training, and emergency products.

In 2017 Cintas acquired rival G&K Services, a top-five uniform rental company, for $2.2 billion. The acquisition will bolster Cintas' business customer base, broaden its service areas, and strengthen its route operations. G&K Services now operates as a subsidiary of the company.

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Company News and Press Releases

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Cintas Corporation

6800 Cintas Blvd
Cincinnati, OH 45262
Phone: 1 (513) 459-1200
Fax: 1 (513) 573-4035

Stats

  • Employer Type: Public
  • Stock Symbol: CTAS
  • Stock Exchange: NASDAQ
  • Chairman and CEO: Scott D. Farmer
  • VP Finance and CFO: J. Michael Hansen
  • President and COO: J. Phillip Holloman
  • 2018 Employees: 41,000

Major Office Locations

  • Cincinnati, OH

Other Locations

  • Bessemer, AL
  • Birmingham, AL
  • Dothan, AL
  • Fairhope, AL
  • Gadsden, AL
  • Huntsville, AL
  • Madison, AL
  • Mobile, AL
  • Montgomery, AL
  • Pelham, AL
  • Fort Smith, AR
  • Harrison, AR
  • Little Rock, AR
  • Maumelle, AR
  • North Little Rock, AR
  • Searcy, AR
  • Springdale, AR
  • Chandler, AZ
  • Lake Havasu City, AZ
  • Mesa, AZ
  • Phoenix, AZ
  • Prescott, AZ
  • Prescott Valley, AZ
  • Tempe, AZ
  • Tucson, AZ
  • Alamo, CA
  • Anaheim, CA
  • Bakersfield, CA
  • Carson, CA
  • Compton, CA
  • Concord, CA
  • East Palo Alto, CA
  • Fremont, CA
  • Fresno, CA
  • Hayward, CA
  • Lakewood, CA
  • Livermore, CA
  • Ontario, CA
  • Orange, CA
  • Pico Rivera, CA
  • Pittsburg, CA
  • Sacramento, CA
  • San Diego, CA
  • San Francisco, CA
  • San Jose, CA
  • San Leandro, CA
  • Santa Ana, CA
  • Santa Fe Springs, CA
  • Santa Rosa, CA
  • Stockton, CA
  • Sun Valley, CA
  • Tustin, CA
  • Valencia, CA
  • Vista, CA
  • West Sacramento, CA
  • Whittier, CA
  • Colorado Springs, CO
  • Denver, CO
  • Greeley, CO
  • Branford, CT
  • Cheshire, CT
  • Hartford, CT
  • Plainville, CT
  • Windsor, CT
  • Dover, DE
  • Wilmington, DE
  • Alachua, FL
  • Aventura, FL
  • Clearwater, FL
  • Daytona Beach, FL
  • Deerfield Beach, FL
  • Fort Lauderdale, FL
  • Fort Myers, FL
  • Jacksonville, FL
  • Jupiter, FL
  • Marianna, FL
  • Miami, FL
  • Miramar, FL
  • Ocala, FL
  • Orlando, FL
  • Pembroke Pines, FL
  • Pensacola, FL
  • Pinellas Park, FL
  • Pompano Beach, FL
  • Sanford, FL
  • Tampa, FL
  • West Palm Beach, FL
  • Albany, GA
  • Atlanta, GA
  • Augusta, GA
  • Buford, GA
  • Cartersville, GA
  • Decatur, GA
  • Kennesaw, GA
  • Lawrenceville, GA
  • Macon, GA
  • Norcross, GA
  • Ringgold, GA
  • Savannah, GA
  • Vidalia, GA
  • Aiea, HI
  • Honolulu, HI
  • Charles City, IA
  • Davenport, IA
  • Des Moines, IA
  • Grimes, IA
  • Ottumwa, IA
  • Boise, ID
  • Nampa, ID
  • Pocatello, ID
  • Aurora, IL
  • Bensenville, IL
  • Broadview, IL
  • Carbondale, IL
  • Chicago, IL
  • East Peoria, IL
  • Elk Grove Village, IL
  • Justice, IL
  • Lombard, IL
  • Maywood, IL
  • Normal, IL
  • Oak Lawn, IL
  • Rockford, IL
  • Romeoville, IL
  • Schaumburg, IL
  • Springfield, IL
  • Woodridge, IL
  • Angola, IN
  • Columbus, IN
  • Evansville, IN
  • Fort Wayne, IN
  • Frankfort, IN
  • Hammond, IN
  • Indianapolis, IN
  • Muncie, IN
  • South Bend, IN
  • Terre Haute, IN
  • Dodge City, KS
  • Hays, KS
  • Lenexa, KS
  • Olathe, KS
  • Salina, KS
  • Ashland, KY
  • Corbin, KY
  • Covington, KY
  • Elizabethtown, KY
  • Grayson, KY
  • Lexington, KY
  • Louisville, KY
  • Paducah, KY
  • Somerset, KY
  • Baton Rouge, LA
  • Bossier City, LA
  • Lake Charles, LA
  • New Orleans, LA
  • Pineville, LA
  • Saint Rose, LA
  • Scott, LA
  • Thibodaux, LA
  • West Monroe, LA
  • Brockton, MA
  • Chelmsford, MA
  • Lee, MA
  • Northborough, MA
  • Taunton, MA
  • Woburn, MA
  • Baltimore, MD
  • Columbia, MD
  • Cumberland, MD
  • Elkridge, MD
  • Frederick, MD
  • Hughesville, MD
  • Jessup, MD
  • Landover, MD
  • Laurel, MD
  • Falmouth, ME
  • Westbrook, ME
  • Chesterfield, MI
  • Fife Lake, MI
  • Grand Rapids, MI
  • Lansing, MI
  • Livonia, MI
  • Macomb, MI
  • Madison Heights, MI
  • Midland, MI
  • Port Huron, MI
  • Romulus, MI
  • Swartz Creek, MI
  • Troy, MI
  • Westland, MI
  • Brooklyn Park, MN
  • Duluth, MN
  • Hopkins, MN
  • Maple Grove, MN
  • Minneapolis, MN
  • Minnetonka, MN
  • Owatonna, MN
  • Saint Cloud, MN
  • Saint Paul, MN
  • Cape Girardeau, MO
  • Columbia, MO
  • Hazelwood, MO
  • Kansas City, MO
  • Saint Charles, MO
  • Saint Joseph, MO
  • Saint Louis, MO
  • Sikeston, MO
  • Springfield, MO
  • Webb City, MO
  • Gulfport, MS
  • Hattiesburg, MS
  • Jackson, MS
  • Meridian, MS
  • Richton, MS
  • Castle Hayne, NC
  • Charlotte, NC
  • Clinton, NC
  • Durham, NC
  • Fletcher, NC
  • Garner, NC
  • Graham, NC
  • Greensboro, NC
  • Greenville, NC
  • Raleigh, NC
  • Statesville, NC
  • Stedman, NC
  • Winston Salem, NC
  • West Fargo, ND
  • Omaha, NE
  • Papillion, NE
  • Bow, NH
  • Manchester, NH
  • Windham, NH
  • Belleville, NJ
  • Branchburg, NJ
  • Cinnaminson, NJ
  • Lawrenceville, NJ
  • Ledgewood, NJ
  • New Milford, NJ
  • Piscataway, NJ
  • Union, NJ
  • Westville, NJ
  • Albuquerque, NM
  • Henderson, NV
  • Las Vegas, NV
  • North Las Vegas, NV
  • Sparks, NV
  • Central Islip, NY
  • Cheektowaga, NY
  • College Point, NY
  • Grand Island, NY
  • Hicksville, NY
  • Lancaster, NY
  • Latham, NY
  • Liverpool, NY
  • Montgomery, NY
  • New York, NY
  • Newburgh, NY
  • Port Washington, NY
  • Riverhead, NY
  • Rochester, NY
  • Westhampton Beach, NY
  • Alliance, OH
  • Atlanta, OH
  • Blacklick, OH
  • Brecksville, OH
  • Canton, OH
  • Cleveland, OH
  • Columbus, OH
  • Coppell, OH
  • Dayton, OH
  • Fairborn, OH
  • Gahanna, OH
  • Girard, OH
  • Lancaster, OH
  • Layton, OH
  • Lima, OH
  • Marcy, OH
  • Mason, OH
  • Milford, OH
  • Painesville, OH
  • Perrysburg, OH
  • Pittsburg, OH
  • Romulus, OH
  • Sandusky, OH
  • Santa Fe Springs, OH
  • Solon, OH
  • Strongsville, OH
  • Twin Falls, OH
  • Vandalia, OH
  • West Chester, OH
  • Worcester, OH
  • Ada, OK
  • Enid, OK
  • Lawton, OK
  • Oklahoma City, OK
  • Tulsa, OK
  • Beaverton, OR
  • Eugene, OR
  • Portland, OR
  • Tualatin, OR
  • Aston, PA
  • Bridgeville, PA
  • Bristol, PA
  • Drums, PA
  • Emmaus, PA
  • Erie, PA
  • Fort Washington, PA
  • Hanover Township, PA
  • Meadville, PA
  • Mount Pleasant, PA
  • New Castle, PA
  • North Versailles, PA
  • Olyphant, PA
  • Philadelphia, PA
  • Pittston, PA
  • State College, PA
  • Warminster, PA
  • Wilkes Barre, PA
  • York, PA
  • Cumberland, RI
  • Pawtucket, RI
  • Cayce, SC
  • Columbia, SC
  • Conway, SC
  • Greenville, SC
  • Ladson, SC
  • Lexington, SC
  • Rock Hill, SC
  • Roebuck, SC
  • Spartanburg, SC
  • Sioux Falls, SD
  • Chattanooga, TN
  • Kingsport, TN
  • Knoxville, TN
  • Lewisburg, TN
  • Memphis, TN
  • Nashville, TN
  • Rockford, TN
  • Abilene, TX
  • Amarillo, TX
  • Beaumont, TX
  • Bryan, TX
  • Buda, TX
  • Conroe, TX
  • Coppell, TX
  • Corpus Christi, TX
  • Dallas, TX
  • Desoto, TX
  • Fort Worth, TX
  • Grand Prairie, TX
  • Houston, TX
  • Irving, TX
  • La Feria, TX
  • Laredo, TX
  • Lubbock, TX
  • Lufkin, TX
  • Mercedes, TX
  • Mesquite, TX
  • Midland, TX
  • San Antonio, TX
  • Tyler, TX
  • Victoria, TX
  • Waco, TX
  • White Oak, TX
  • Draper, UT
  • Salt Lake City, UT
  • Bedford, VA
  • Chester, VA
  • Culpeper, VA
  • Fredericksburg, VA
  • Front Royal, VA
  • Manassas, VA
  • Portsmouth, VA
  • Pulaski, VA
  • Suffolk, VA
  • Waynesboro, VA
  • East Wenatchee, WA
  • Everett, WA
  • Issaquah, WA
  • Pasco, WA
  • Puyallup, WA
  • Renton, WA
  • Spokane Valley, WA
  • Vancouver, WA
  • Yakima, WA
  • Appleton, WI
  • Eau Claire, WI
  • Franklin, WI
  • Green Bay, WI
  • Greenville, WI
  • Madison, WI
  • Menomonee Falls, WI
  • Milwaukee, WI
  • Neenah, WI
  • New Berlin, WI
  • Onalaska, WI
  • Stevens Point, WI
  • Wisconsin Rapids, WI
  • Jumping Branch, WV
  • Morgantown, WV
  • Saint Albans, WV
  • Scott Depot, WV
  • Aldergrove, Canada
  • Barrie, Canada
  • Boucherville, Canada
  • Brampton, Canada
  • Burnaby, Canada
  • Calgary, Canada
  • Cambridge, Canada
  • Duncan, Canada
  • Edmonton, Canada
  • Etobicoke, Canada
  • Granby, Canada
  • Guelph, Canada
  • Halifax, Canada
  • Hamilton, Canada
  • Kelowna, Canada
  • Kingston, Canada
  • Langley, Canada
  • Lindsay, Canada
  • London, Canada
  • Mississauga, Canada
  • Montréal, Canada
  • Nanaimo, Canada
  • Napanee, Canada
  • Newmarket, Canada
  • North York, Canada
  • Oshawa, Canada
  • Ottawa, Canada
  • Prince George, Canada
  • Québec, Canada
  • Sarnia, Canada
  • Sault Ste. Marie, Canada
  • Scarborough, Canada
  • Stittsville, Canada
  • Sudbury, Canada
  • Toronto, Canada
  • Williams Lake, Canada
  • Windsor, Canada
  • Santo Domingo, Dominican Republic
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