The Cintas Corporation is an American company, based in Mason, Ohio, that focuses on providing specialized services to businesses – mainly in North America.
It is considered to be one of the largest companies in the service industry.
Cintas classifies its businesses into four operating segments: Rental Uniforms and Ancillary Products, Uniform Direct Sales, First Aid, Safety and Fire Protection Services, and Document Management Services.
The company is publicly traded on the NASDAQ Stock Market under the stock ticker symbol ‘CTAS’.
The company operates around 430 facilities, six manufacturing plants, and nine distribution centers, with a team of around 30,000 employees.
The history of the company traces back to 1929 with the formation of the Acme Industrial Laundry Company by Richard (Doc) Farmer.
Cintas provides around 900,000 businesses with services that include manufacturing and implementing corporate identity uniform programs, providing fire protection and first aid products, tile and carpet cleaning, promotional products, tile and carpet cleaning, and document management services.
Cintas reported record revenues of $4.32 billion in fiscal year 2013 and net income of $315.4 million.
Overview
- CEO and Director: Scott D. Farmer
- Chairman: Robert J. Kohlhepp
- Type: Public
- Industry: Service
- Listed on the NASDAQ Stock Exchange
- NASDAQ stock ticker symbol: CTAS
- S&P 500 Component
- Revenue: $4.316 billion USD (2013)
- Net income: $315 million USD (2013)
- Diluted earnings per share: $2.52 USD (2013)
- Employees: 30,000 (approximately)
- Corporate headquarters: 6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, Ohio 45262-5737
- Corporate contact number: +1 (513) 459-1200
- Investor relations contact number: +1 (513) 459 1200
- Website: http://www.cintas.com/
| Net revenues (in $ thousands) | 2013 | 2012 |
| Rental uniforms and ancillary products | $3,044,587 | $2,912,261 |
| Other services | $1,271,884 | $1,189,739 |
| Total revenues | $4,316,471 | $4,102,000 |
| Costs and expenses (in $ thousands) | ||
| Cost of rental uniforms and ancillary products | $1,756,297 | $1,648,551 |
| Cost of other services | $773,107 | $714,841 |
| Selling and administrative expenses | $1,221,856 | $1,198,981 |
| Income data (in $ thousands) | ||
| Operating income | $565,211 | $539,627 |
| Interest income | $(409) | $(1,942) |
| Interest expense | $65,712 | $70,625 |
| Income before income taxes | $499,908 | $470,944 |
| Income taxes | $184,466 | $173,307 |
| Net income | $315,442 | $297,637 |
| Comprehensive income | $316,902 | $275,493 |
| Balance sheet data (in $ thousands) | ||
| Total assets | $4,345,632 | $4,165,706 |
| Total long term liabilities | $1,587,884 | $1,350,880 |
| Total shareholders’ equity | $2,201,492 | $2,139,135 |
| Cash flow data (in $ thousands) | ||
| Net cash provided by operating activities | $552,748 | $469,862 |
| Net cash used in investing activities | $(284,181) | $(104,294) |
| Net cash used in financing activities | $(256,058) | $(460,575) |
| Cash and cash equivalents at end of year | $352,273 | $339,825 |
| Common share data (in $) | ||
| Basic earnings (loss) per common share | $2.53 | $2.27 |
| Diluted earnings (loss) per common share | $2.52 | $2.27 |
Source: “Cintas Corporation 2013 Form 10-K”