Cintas Corporation helps more than one million businesses of all types and sizes, primarily in the United States, Canada, and Latin America, get READY™ to open their doors with confidence every day. The company provides a wide range of products and services that enhance customers' image and help keep their facilities and employees clean, safe, and looking their best. Cintas' core business model focuses on providing uniform rental and facility services, first aid and safety services, and fire protection products and services. The company competes with national, regional, and local providers, as well as companies with a significant online presence. Cintas' competitive advantages include its broad range of products and services, national sales organization, and strong customer relationships.

• Employees: 46,500 (as of May 31, 2024)
• Geographic Footprint: Primarily in the United States, Canada, and Latin America
• Headquarters: Cincinnati, Ohio
• Founded: 1968
• Number of operational facilities: 467
• Number of distribution centers: 12
• Revenue: $9.6 billion (FY2024)
• Key Subsidiaries/Brands: Ready for the Workday®

• CEO: Todd M. Schneider
• CFO: J. Michael Hansen
• Executive Chairman: Scott D. Farmer

• Annual Revenue: $9.6 billion (FY2024)
• Net Income: $1.6 billion (FY2024)
• Total Assets: $9.2 billion (as of May 31, 2024)
• Employees: 46,500 (as of May 31, 2024)
• Key Financial Highlights: Revenue increased by 8.9% year-over-year, net income increased by 16.6% year-over-year.

Cintas provides a wide array of products and services, including:

• Uniform Rental and Facility Services: Rental and servicing of uniforms and other garments, including flame-resistant clothing, mats, mops, and shop towels, restroom cleaning services and supplies.
• First Aid and Safety Services: First aid and safety products and services.
• Fire Protection Services: Fire protection products and services.
• Uniform Direct Sale: Direct sale of uniforms and related items.

Cintas operates through the following reportable segments:

• Uniform Rental and Facility Services: $7.5 billion in revenue (FY2024).
• First Aid and Safety Services: $1.1 billion in revenue (FY2024).
• All Other: $1.1 billion in revenue (FY2024), which includes Fire Protection Services and Uniform Direct Sale.

Cintas' strategy focuses on exceeding customers' expectations to maximize long-term value. Key initiatives include increasing penetration at existing customers, broadening the customer base, identifying additional product and service opportunities, and expanding geographically. The company also evaluates strategic acquisitions.

• Key strategic initiatives: Increasing penetration at existing customers, broadening the customer base, identifying additional product and service opportunities, and expanding geographically.
• Growth drivers: New business, penetration of additional products and services into existing customers, and price increases.
• Investment priorities: Investing in selling resources, technology, and talent acquisition.

Cintas operates in highly competitive industries and competes with national, regional, and local providers. The primary markets served by each of Cintas' operating segments are local in nature and highly fragmented. Cintas also competes with large national retailers and small local retailers, as well as companies with a significant online presence.

• Market Position: North America's leading provider of corporate identity uniforms through rental and sales programs.
• Key Competitors: National, regional, and local providers, large national retailers, and small local retailers.
• Industry Trends: The level of competition varies at each of Cintas' local operations.

• Market Risks: Competition, changes in demand, and negative global economic factors.
• Operational Risks: Supply chain constraints, cybersecurity threats, and an inability to open new, cost-effective operating facilities.
• Financial Risks: Fluctuations in foreign currency exchange rates, changes in fuel and energy costs, and the effects of credit market volatility.
• Regulatory Risks: Compliance with federal and state regulations, including environmental and employment laws.