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Type
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Public |
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Traded as |
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Industry | Service |
Founded | 1929 (1929) (as Acme Industrial Laundry Company) 1972 (1972) (as Cintas) |
Headquarters | Cincinnati, Ohio, U.S. |
Key people
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Richard Farmer, Chairman Emeritus; Scott Farmer, CEO; J. Phillip Holloman, President & COO; Robert J. Kohlhepp, Chairman of the Board |
Revenue |
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Operating income
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Net income
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Total assets |
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Total equity |
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Number of employees
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35,000 (2017) |
Website | www |
Cintas Corporation (/ˈsɪntəs/) is an American company with headquarters in Cincinnati, Ohio that provides specialized services to businesses, primarily in North America. The firm designs, manufactures and implements corporate identity uniform programs and provides entrance mats, restroom cleaning and supplies, tile and carpet cleaning, promotional products, first aid, safety, and fire protection products and services. Cintas is a publicly held company traded on the Nasdaq Global Select Market under the symbol CTAS and is a component of the Standard & Poor's 500 Index.
The company is one of the largest in the industry with 35,000 employees in 2017. Revenue in fiscal year 2016 was $4.905 billion and net income was $693.52 million. Fortune in the United States, named Cintas among its "Most Admired Companies" for eight consecutive years, and Report on Business Magazine named the company one of Canada's Best Employers.
Cintas has been featured on episodes of the reality television series Bar Rescue and Hotel Impossible.
Cintas Corporation began in 1929 as the Acme Industrial Laundry Company by Richard (Doc) Farmer. He collected chemical-soaked rags from factories and washed and returned them to customers for a fee. In the early 40s, rags were replaced by shop towels—which are uniform in size and shape and much more absorbent than old rags—and tablecloths. By then, the company’s name had changed to Acme Wiper and Industrial Laundry.
His grandson, Richard T. (Dick) Farmer, joined the family business in 1956 after graduating from Miami University in Oxford, Ohio. Acme had just 15 employees at the time. Dick Farmer helped uniform rental sales increase from $300,000 in 1959 to $847,000 in 1963. He then put together a business plan to open small uniform rental plants all over the United States. The first opened in Cleveland in October 1968. In 1972, the company changed its name to Cintas and then went public in 1983.
Farmer also tried products that were new at the time, such as fabrics that resisted wrinkles and stains, to grow the company to an almost 30 percent market share in uniforms. Cintas' recent growth has been primarily through its acquisition of more than 220 companies, eliminating overheads and cutting costs. Today, Cintas has bought itself into markets such as first aid and safety, fire protection, facility services, and tile and carpet cleaning.
The company is valued at US$12.97 billion (2017).
In 2003, UNITE HERE and the International Brotherhood of the Teamsters have been engaged in a campaign against Cintas, alleging unfair labor practices. Unite obtained license numbers of Cintas workers in Pennsylvania, to contact them at home and has since been ordered to pay the workers $2,500 each. The ruling was subsequently upheld by the U.S. Court of Appeals for the Third Circuit. Following the death of a Tulsa, Oklahoma worker in March 2007, both unions and several Members of Congress have called for stricter health and safety standards at the company's laundries. In May 2007, Cintas hired a Washington, D.C.-based lobbying firm, the Podesta Group, to manage their relations with Congress.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2023 | 2023-03-22 | Future report Set alerts | |
Q2 2023 | 2022-12-21 | 3.12 | 3.12 |
Q1 2023 | 2022-09-28 | 3.39 | 3.39 |
Q4 2022 | 2022-07-14 | 2.81 | 2.81 |
Q3 2022 | 2022-03-23 | 2.97 | 2.97 |
Q2 2022 | 2021-12-22 | 2.76 | 2.76 |
Q1 2022 | 2021-09-29 | 3.11 | 3.11 |
Q4 2021 | 2021-07-15 | 2.47 | 2.47 |
Q3 2021 | 2021-03-17 | 2.37 | 2.37 |
Q2 2021 | 2020-12-22 | 2.62 | 2.62 |
2016-04-19 | Initiated Coverage | Nomura | Buy | $102.00 |
2016-04-19 | Initiated Coverage | Nomura Holdings Inc. | Buy | $102.00 |
2016-04-13 | Upgrade | KeyBanc | Sector Weight to Overweight | $106.00 |
2016-04-13 | Upgrade | KeyCorp | Sector Weight to Overweight | $106.00 |
2016-03-24 | Reiterated Rating | Oppenheimer | Hold | |
2016-03-24 | Reiterated Rating | Barclays | Buy | |
2016-03-24 | Reiterated Rating | Barclays PLC | Buy | |
2016-03-24 | Reiterated Rating | Oppenheimer Holdings Inc. | Hold | |
2016-03-23 | Reiterated Rating | Robert W. Baird | Hold | |
2016-03-23 | Reiterated Rating | Morgan Stanley | Sell | $77.00 |
2016-03-23 | Lower Price Target | RBC Capital | Sector Perform | $94.00 to $92.00 |
2016-03-23 | Lower Price Target | Royal Bank Of Canada | Sector Perform | $94.00 to $92.00 |
2016-03-21 | Initiated Coverage | Sterne Agee CRT | Neutral | $91.00 |
2016-02-17 | Downgrade | Morgan Stanley | Equal Weight to Underweight | $93.00 to $79.00 |
2015-12-29 | Reiterated Rating | Oppenheimer | Hold | |
2015-12-28 | Reiterated Rating | Barclays | Hold | |
2015-12-28 | Reiterated Rating | Piper Jaffray | Hold | |
2015-12-28 | Reiterated Rating | Piper Jaffray Cos. | Hold | |
2015-12-23 | Reiterated Rating | RBC Capital | Hold | |
2015-12-22 | Reiterated Rating | Piper Jaffray | Hold | $88.00 to $95.00 |
2015-12-22 | Reiterated Rating | Barclays | Equal Weight | $90.00 to $95.00 |
2015-12-22 | Boost Price Target | RBC Capital | Sector Perform | $88.00 to $94.00 |
2015-09-25 | Reiterated Rating | Bank of America | Sell | $80.00 to $82.00 |
2015-09-25 | Reiterated Rating | Oppenheimer | Market Perform | |
2015-09-25 | Reiterated Rating | RBC Capital | Sector Perform | $86.00 to $88.00 |
2015-09-25 | Reiterated Rating | Bank of America Corp. | Sell | $80.00 to $82.00 |
2015-08-14 | Initiated Coverage | Morgan Stanley | Equal to Equal Weight | $92.00 |
2015-07-18 | Boost Price Target | Barclays | Equal Weight | $85.00 to $90.00 |
2015-03-20 | Boost Price Target | Barclays | Equal Weight | $80.00 to $85.00 |
2015-03-19 | Reiterated Rating | RBC Capital | Sector Perform | $78.00 to $83.00 |
2015-01-14 | Reiterated Rating | Oppenheimer | Market Perform | |
2014-12-22 | Reiterated Rating | William Blair | Outperform | |
2014-12-22 | Set Price Target | Jefferies Group | Buy | $75.00 to $90.00 |
2014-12-22 | Set Price Target | Barclays | Hold | $74.00 to $80.00 |
2014-12-22 | Upgrade | Barrington Research | Market Perform to Outperform | |
2014-12-19 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $72.00 to $84.00 |
2014-12-19 | Set Price Target | Bank of America | Sell | $60.00 to $70.00 |
2014-11-04 | Resumed | RBC Capital Mkts | Sector Perform | $68 to $70 |
2014-11-04 | Downgrade | RBC Capital | Outperform to Sector Perform | $68.00 to $70.00 |
2014-09-30 | Reiterated Rating | Barclays | Equal Weight | $65.00 to $68.00 |
2014-09-30 | Reiterated Rating | Bank of America | Underperform | $59.00 to $60.00 |
2014-09-30 | Boost Price Target | RBC Capital | Outperform | $64.00 to $68.00 |
2014-09-15 | Boost Price Target | Jefferies Group | Buy | $70.00 to $75.00 |
2014-07-17 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $65.00 to $69.00 |
2014-07-16 | Reiterated Rating | Bank of America | Positive | |
2014-06-05 | Boost Price Target | Jefferies Group | $69.00 to $70.00 | |
2014-03-21 | Boost Price Target | Robert W. Baird | $60.00 to $64.00 | |
2014-03-21 | Boost Price Target | Jefferies Group | $58.00 to $69.00 | |
2014-03-20 | Reiterated | RBC Capital Mkts | Outperform | $60 to $64 |
2014-03-20 | Boost Price Target | RBC Capital | Outperform | $60.00 to $64.00 |
2014-01-21 | Boost Price Target | Barclays | Equal Weight | $58.00 to $65.00 |
2013-12-23 | Upgrade | Ned Davis Research | Neutral to Buy | |
2013-12-20 | Reiterated | RBC Capital Mkts | Outperform | $45 to $60 |
2013-12-20 | Reiterated Rating | Bank of America | Underperform | $46.00 to $54.00 |
2013-12-20 | Boost Price Target | RBC Capital | Outperform | $45.00 to $60.00 |
2013-12-16 | Initiated Coverage | Credit Suisse | Neutral | $60.00 to $56.00 |
2013-11-19 | Initiated Coverage | Piper Jaffray | Neutral | |
2013-11-18 | Initiated Coverage | Piper Jaffray | Neutral | $56.00 |
2013-09-30 | Downgrade | Ned Davis Research | Buy to Neutral | |
2013-09-22 | Boost Price Target | RBC Capital | Outperform | $52.00 to $54.00 |
2013-09-20 | Reiterated Rating | RBC Capital | Buy | $51.00 |
2013-09-20 | Boost Price Target | Jefferies Group | Buy | $51.00 to $58.00 |
2013-09-20 | Boost Price Target | Barclays | Equal Weight | $50.00 to $54.00 |
2013-03-20 | Reiterated | Barclays | Equal Weight | $40 to $42 |
2013-03-15 | Reiterated | Robert W. Baird | Neutral | $41 to $49 |
2012-05-17 | Downgrade | KeyBanc Capital Mkts | Buy to Hold | |
2012-03-23 | Reiterated | Barrington Research | Outperform | $41 to $45 |
2012-03-21 | Reiterated | Barclays | Equal Weight | $38 to $40 |
2012-03-21 | Downgrade | Robert W. Baird | Outperform to Neutral | $42 to $45 |
2012-03-20 | Reiterated | Barclays Capital | Equal Weight | $36 to $38 |
2011-12-15 | Upgrade | Barclays Capital | Underweight to Equal Weight | $31 to $32 |
2011-12-14 | Initiated | KeyBanc Capital Mkts | Buy | $36 |
2011-07-22 | Upgrade | Barrington Research | Mkt Perform to Outperform | $41 |
2011-07-20 | Upgrade | Barrington Research | Mkt Perform to Outperform |
2016-04-19 | Initiated Coverage | Nomura | Buy | $102.00 |
2016-04-19 | Initiated Coverage | Nomura Holdings Inc. | Buy | $102.00 |
2016-04-13 | Upgrade | KeyBanc | Sector Weight to Overweight | $106.00 |
2016-04-13 | Upgrade | KeyCorp | Sector Weight to Overweight | $106.00 |
2016-03-24 | Reiterated Rating | Oppenheimer | Hold |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CTAS 610 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 9.96M |
BlackRock Inc. | 7.58M |
STATE STREET CORP | 3.77M |
BlackRock Institutional Trust Company, N.A. | 2.48M |
FMR LLC | 2.32M |
BlackRock Fund Advisors | 2.31M |
GEODE CAPITAL MANAGEMENT, LLC | 1.78M |
PRICE T ROWE ASSOCIATES INC /MD/ | 1.40M |
FRANKLIN RESOURCES INC | 1.20M |
BROWN ADVISORY INC | 1.17M |
AMERIPRISE FINANCIAL INC | 1.14M |
ROYAL BANK OF CANADA | 1.08M |
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | 1.06M |
JANUS CAPITAL MANAGEMENT LLC | 0.97M |
NORTHERN TRUST CORP | 0.94M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Summer Hill Partners, LLLP | 7.80% (9376387) | CTAS / |
FARMER RICHARD T Chairman Emeritus | 3.28% (3947200) | CTAS / |
FARMER SCOTT D President/CEO | 3.27% (3926900) | CTAS / |
Holloman James Phillip President and COO | 0.11% (133491) | CTAS / ROK / |
GALE WILLIAM C Sr. VP & CFO | 0.10% (118053) | CTAS / |
FROOMAN THOMAS E VP, Secretary & Gen. Counsel | 0.07% (86826) | CTAS / |
Hansen J. Michael Vice President & Treasurer | 0.04% (51926) | CTAS / |
Adler Paul F. Treasurer | 0.01% (14366) | CTAS / |
Adolph Gerald S | 0.01% (11526) | CTAS / |
JOHNSON JAMES J | 0.01% (9200) | CTAS / |
TYSOE RONALD W | 0.01% (8273) | CTAS / JCP / PZN / ROIC / SNI / TCO / |
PHILLIPS DAVID | 0.01% (8124) | CTAS / VIVO / |
SCAMINACE JOSEPH | 0.01% (7579) | CTAS / OMG / PH / |