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About Cintas Corporation

Cintas has a uniform approach to business. Supplying corporate identity uniform programs, providing entrance and logo mats, restroom supplies, promotional products, first aid, safety, fire protection products and services, and industrial carpet and tile cleaning primarily in North America, as well as Latin America, Europe and Asia. Cintas provide their products and services to over one million businesses of all types, from small service and manufacturing companies to major corporations that employ thousands of people. Cintas, which sells, leases, and rents uniforms, operates over 480 facilities in more than 330 cities; it leases over half of them. Besides offering rental and servicing of uniforms and other garments, the company provides flame-resistant clothing, mats, mops and shop towels and other ancillary items. Other products offered by Cintas include uniforms, floor care, restroom supplies, first-aid and safety products, fire extinguishers and testing, and safety and compliance training. Richard T. Farmer founded the company in 1929. Cintas is now run by Scott D. Farmer.

Operations

The company has two segments: Uniform Rental and Facility Services and First Aid and Safety Services.

Uniform Rental and Facility Services, which accounts for around 80% of total, 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, which accounts for about 10% of sales, consists of first aid and safety products and services.

The remainder of Cintas' businesses (10% of sales) consist primarily of Fire Protection Services and its Direct Sale business.

Geographic Reach

Cincinnati, Ohio-based Cintas operates over 480 facilities, including five manufacturing plants and about a dozen distribution centers, in over 330 cities. It serves businesses in North America, Asia, Europe, and Latin America. The company has approximately 11,100 local delivery routes.

Sales and Marketing

The primary markets served by all Cintas businesses are local in nature and highly fragmented. Cintas competes with national, regional and local providers, and the level of competition varies at each of Cintas' local operations. Cintas provides its products and services to customers via local delivery routes originating from rental processing plants and branches and via its distribution network and local delivery routes or local representatives.

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

Cintas has seen robust revenue growth in the last five years. Its annual revenues have risen more than 48% since 2016. Net income was fluctuating for the same period.

Revenue increased to $7.1 billion in 2020, an increase of approximately 3% from the year prior. The increase was driven by organic growth as well as acquisitions.

Net income was $876 million in fiscal year 2020, a 1% decrease from $885 million in fiscal year 2019.

Cash at the end of fiscal 2020 was $145 million, a $49 million increase from 2019. Cash provided by operating activities was $1.3 billion in fiscal 2020, while investing activities used $285.4 million. Financing activities used another $955 million.

Strategy

Cintas' principal strategy is to achieve revenue growth for all its products and services by increasing its penetration at existing customers and by broadening its customer base to include business segments to which the company have not historically served. Cintas will also continue to identify additional product and service opportunities for their current and future customers.

To pursue the strategy of increasing penetration, the company have a highly talented and diverse team of service professionals visiting its customers on a regular basis. This frequent contact with customers enables them to develop close personal relationships. The combination of its distribution system and these strong customer relationships provides a platform from which it launches additional products and services.

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 its 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.

 

Company Background

In 1929 onetime animal trainer, boxer, and blacksmith Richard "Doc" Farmer started a business of salvaging old rags, cleaning them, and then selling them to factories. Farmer later began renting the rags to his customers. He would pick up the dirty rags, clean them, and return them to the factory.

By 1936 the Acme Overall & Rag Laundry had established itself in Cincinnati with plans to convert an old bathhouse into a laundry. Farmer, along with his adopted son Herschell, suffered a setback from flood damage in 1937, but the family rebuilt and continued to grow the business. 

Cintas Corporation

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

Firm Stats

Employer Type: Publicly Owned
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
Employees (This Location): 1,500
Employees (All Locations): 40,000

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
Newburgh, NY
New York, NY
Port Washington, NY
Riverhead, NY
Rochester, NY
Westhampton Beach, NY
Alliance, OH
Atlanta, OH
Blacklick, OH
Brecksville, OH
Canton, OH
Cincinnati, 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