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Cintas Corporation
Type
Public
Traded as
  • NASDAQ: CTAS
  • NASDAQ-100 component
  • S&P 500 component
Industry Service
Founded 1929; 88 years ago (1929) (as Acme Industrial Laundry Company)
1972 (1972) (as Cintas)
Headquarters Cincinnati, Ohio, U.S.
Key people
Richard Farmer, Chairman Emeritus; Scott Farmer, CEO; J. Phillip Holloman, President & COO; Robert J. Kohlhepp, Chairman of the Board
Revenue
  • Increase US$ 4.905  billion (2016)
  • Increase US$ 4.476 billion (2015)
Operating income
  • Increase US$ 781.75 million (2016)
  • Increase US$ 701.36 million (2015)
Net income
  • Increase US$ 693.52 million (2016)
  • Increase US$ 430.62 million (2015)
Total assets
  • Decrease US$ 4.098 billion (2016)
  • Decrease US$ 4.192 billion (2015)
Total equity
  • Decrease US$ 1.842 billion (2016)
  • Decrease US$ 1.932 billion (2015)
Number of employees
35,000 (2017)
Website www.cintas.com

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.

News

Cintas Corporation 0.5% (industrials)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2020 2020-12-15 Future report Set alerts
Q1 2020 2020-09-23 0.00 0.00
Q4 2019 2020-07-23 1.35 1.35
Q3 2019 2020-03-19 2.16 2.16
Q2 2019 2019-12-17 2.27 2.27
Q1 2019 2019-09-24 2.32 2.32
Q4 2018 2019-07-16 2.07 2.06
Q3 2018 2019-03-21 1.84 1.83
Q2 2018 2018-12-20 1.76 2.18
Q1 2018 2018-09-25 1.93 1.89

Ratings

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

Major Shareholders

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 /

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