BNET Industries
Market Cap:$4.2B
Last Fiscal Year Sales:$3.9B
- Public
- US
Dow Jones Description
Headquartered in Cincinnati, OH, Cintas Corporation provides highly specialized services to businesses of all types throughout North America. Cintas operates more than 400 facilities in the U.S. and Canada, including 11 manufacturing plants and eight distribution centers that employ more than 31,000 people. Cintas has grown for 39 consecutive years, with fiscal 2008 sales of $3.9 billion, an increase of 6% from 2007. Net income for the year was $335 million, and earnings per diluted share increased 3 percent from $2.09 last year to $2.15 this year. Cintas was founded by Richard T. Farmer, Chairman of the Board. Scott Farmer was appointed Chief Executive Officer in 2003 and Bob Kohlhepp serves as Vice Chairman. Visit the official Cintas YouTube Channel to view videos produced by Cintas about our employee-partners, the company's goodwill, our corporate contributions as well as news clips from television broadcasts.
President, Natl Accounting Sales Division
William L. CroninNumber of Employees 34,000
Contact Information
6800 Cintas Blvd
P.O. Box 625737
Cincinnati, Ohio 45262-5737
(513) 459-1200
Peer Companies
NAICS Code Men's and Boys' Cut and Sew Work Clothing Manufacturing: 315225
Recent Events
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Farmer retires as Cintas chairman
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Cintas Corp.'s CTAS Chairman and Founder Farmer Retires; Kohlhepp to Replace
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Cintas Set New 52-Week High Thursday
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Cintas Promotes John D. Hart to Senior Vice President of the Eastern Territory
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AutoZone Falls; ATP Oil, Goodrich Placements
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Cintas Promotes Dan Braun to Senior Vice President, Value Improvement Initiatives - Operations
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Cintas settles shareholder lawsuit
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Paychex Sales Down; Bed Bath Net Up
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Cintas Corp. CTAS reports 1st Quarter ending August 2009 above estimates
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Cintas Corporation Reports First Quarter Fiscal 2008 Revenue and Earnings and Announces International Expansion
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3rd straight monthly gain for major indexes
News & Analysis
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cintas corp. - All News and Analysis
Cintas Earnings Beat Estimates
Zacks.com submits: Wednesday, Cintas Corp. CTAS declared first quarter fiscal 2010 financial results. Quarterly revenue of $891.6 million declined 11% year-over-year but was up 1.5% sequentially. The yearly decline in revenue was primarily due to an extremely challenging economic environment that resulted in massive job cuts in almost...
Cintas Corporation F1Q10 (Qtr End 08/31/09) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Vishnu Lekraj – Morningstar. Vishnu Lekraj - Morningstar Looking here at your margins, they seemed to have improved over the quarter, and over the past half year. Looking at your uniform rental division, how are you going to approach...
Cintas: A Recovery Buy Story
Andrew Horowitz submits: We have added a SMALL position of Cintas CTAS to portfolios. I know what you are thinking…. A uniform company? We thought the same thing. But, even as we are in the low point of this recession, seemingly making some progress, we see that...
Cintas: What the Market Is Missing
In a recent edition of Value Investor Insight, First Eagle Funds' Matthew McLennan and Abhay Deshpande described why they think Cintas Corp. CTAS is mispriced. Key excerpts follow. You described Cintas [CTAS] recently as a quintessential First Eagle idea. Why? by Value Investor Insight
Cintas F4Q09 (Qtr End 5/31/09) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Our first question comes from Ashwin Shirvaikar. Ashwin Shirvaikar - Citigroup My first question is actually about the sustainability of the lower cost structure as revenues eventually come back. So to what extent would you expect costs to go back up with revenues in an eventual...
Cintas F4Q09 (Qtr End 5/31/09) Earnings Call Transcript
Cintas Corporation CTAS F4Q09 Earnings Call July 15, 2009 5:00 pm ET
Iron Mountain: A Solid Defensive Stock
The Wall Street Transcript recently interviewed Kevin D. McVeigh, Vice President at Credit Suisse First Boston Corp. covering business and professional services. Key excerpts, including his outlook for Iron Mountain, Inc. IRM, follow: TWST: Are investors doing anything in this space? by The Wall Street Transcript
Cintas Corporation F3Q09 (Qtr End 02/28/09) Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. The question and session will be conducted electronically. Operator Instructions. And we'll take our first question this afternoon from Andrea Wirth with Robert W. Baird. Andrea Wirth – Robert W. Baird & Co., Inc. Good afternoon. William Gale Hi, Andrea. Andrea Wirth – Robert W....
Cintas Corporation F3Q09 (Qtr End 02/28/09) Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. The question-and-answer session will be conducted electronically. Operator Instructions. And we'll take our first question this afternoon from Andrea Wirth with Robert W. Baird. Andrea Wirth – Robert W. Baird & Co., Inc. Good afternoon. William Gale Hi, Andrea. Andrea Wirth – Robert W. Baird...
Cintas Corporation F2Q09 (Qtr End 11/30/08) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Andrea Wirth – Robert Baird Andrea Wirth – Robert Baird I’m wondering if you could first address, you call it in the press release, the $14.5 million higher costs associated with commodity costs and the hurricanes, etc. How much of that $14.5...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| William L. Cronin | President, Natl Accounting Sales Division |
| G. Thomas Thornley | CIO & Vice President |
| William C. Gale | Vice President Finance and Chief Financial Officer |
| David Pollak Jr. | Executive Vice President, First Aid & Safety Division |
| James J. Case | Executive Vice President, Rental Division, West |
| John W. Milliagan | Executive Vice President, Rental Division, West |
| Arnold Gedmintas | Vice President, Northern Rental Group |
| Christopher R. Synek | Vice President, Southwest Rental Group |
| Daniel P. Braun | Vice President, Midsouth Rental Group |
| Darrell A. Boff | Vice President, Midwest Rental Group |
| David B. Armbrester | Vice President, Great Lakes Rental Group |
| Glenn W. Larson | Vice President, Logistics & Manufacturing |
| Gregory J. Eling | Vice President, Central Rental Group |
| Jay Bruscato | Vice President, Marketing & Mdsg |
| Jeffry Jones | Vice President, Northwest Rental Group |
| John E. Myers | Vice President, Atlantic Rental Group |
| Karen L. Carnahan | Vice President & Treasurer |
| Larry A. Harmon | Vice President, Western Rental Group |
| Larry Fultz | Vice President, HR |
| Michael E. Schneider | Vice President, Res & Development |
| Michael Gaburo | Vice President, Corp Development |
| Michael L. Thompson | Vice President |
| Pamela Lowe | Vice President, Corp Communications |
| Phillip Holloman | Vice President, Distr |
| Richard B. Surdykowski Jr. | Vice President, Southeast Rental Group |
| Robert W. Mitchell Jr. | Vice President, First Aid & Safety |
| Rodger V. Reed | Vice President, Northeast Rental Group |
| Thomas E Frooman | Vice President |
| Todd Gregory | Vice President, Southcentral Rental Group |
| William C. Langtim | Vice President, Northcentral Rental Group |
| William W. Goetz | Vice President, Cleanroom |
| Jan Eudy | Corporate Quality Assurance Manager |
| Mike Garza | Manager, Marketing |
| Tiffany Miller | Program Manager |
| Karen Dinsmore | Relocation Agent |
| Rachel Berning | |
| Gerald S. Adolph | Director |
| Joyce Hergenhan | Director |
| Robert J. Kohlhepp | Director |
| Roger L Howe | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| David C. Phillips | Board of Directors |
| Gerald V Dirvin | Board of Directors |
| J Phillip Holloman | Board of Director |
| James J. Johnson | Board of Director |
| Scott D Farmer | Board of Director |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | President, Natl Accounting Sales Division | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | CIO & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Confidential Materials Destruction, Inc | Senior Vice President and Chief Financial Officer | Current |
| Docuguides, Inc | Senior Vice President and Chief Financial Officer | Current |
| Cintas Corporation | Vice President Finance and Chief Financial Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Executive Vice President, First Aid & Safety Division | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Executive Vice President, Rental Division, West | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Executive Vice President, Rental Division, West | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Northern Rental Group | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Southwest Rental Group | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Midsouth Rental Group | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Midwest Rental Group | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Great Lakes Rental Group | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Logistics & Manufacturing | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Central Rental Group | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Marketing & Mdsg | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Northwest Rental Group | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Atlantic Rental Group | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President & Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Western Rental Group | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, HR | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Res & Development | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Corp Development | Current |
| Organization | Position | Status |
|---|---|---|
| Confidential Materials Destruction, Inc | Vice President and Treasurer | Current |
| Docuguides, Inc | Vice President and Treasurer | Current |
| Cintas Corporation | Vice President | Current |
| Cintas Corporation | Director of Corporate Development and Corporate Controller | Current |
| Cintas Corporation | Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Corp Communications | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Distr | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Southeast Rental Group | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, First Aid & Safety | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Northeast Rental Group | Current |
| Organization | Position | Status |
|---|---|---|
| Docuguides, Inc | Vice President and Secretary | Current |
| Cintas Corporation | Vice President | Current |
| Confidential Materials Destruction, Inc | Vice President and Secretary | Current |
| Cintas Corporation | General Counsel | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Southcentral Rental Group | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Northcentral Rental Group | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Vice President, Cleanroom | Current |
| Organization | Position | Status |
|---|---|---|
| Docuguides, Inc | Corporate Quality Assurance Manager, Cintas Cleanroom Resources | Current |
| Cintas Corporation | Corporate Quality Assurance Manager | Current |
| Confidential Materials Destruction, Inc | Corporate Quality Assurance Manager, Cintas Cleanroom Resources | Current |
| American Society for Quality Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Manager, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Program Manager | Current |
Karen is an Accredited Buyer's Agent with over ten years of residential experience concentrated in the Southern Warren County areas of Loveland, Landen, Mason, Maineville and Lebanon. Karen has also assisted many buyers and sellers in West Chester and Liberty Township of Butler County and Kenwood, Deer Park, Blue Ash and Indian Hill of Hamilton County. Karen is also an Accredited Relocation Agent who has successfully relocated employees of Proctor and Gamble, Cintas and many other major corporations. She knows the anxieties of relocation from personal experience and makes a special effort to make the transition as smooth as possible. "I love Cincinnati and enjoy acquainting new residents with the great things Cincinnati has to offer". Karen has assisted many singles and empty nesters in the purchase or selling of their condos. She has been featured with her picture in Cincinnati Magazine for her condo expertise. She also knows buying a house can be scary for first time buyers and has many satified first time buyers who are enjoying their first home because she patiently guided them every step of the way.
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Relocation Agent | Current |
| Park Realtors, LLC | Realtor | Current |
Rachel joined Midwest Cheer Elite as a tumbling instructor in 2006 and can now be found coaching our Wildcats Limited Travel team. With a vast array of tumbling and coaching experience, we are excited to have her on board! When not coaching, Rachel is planning a fall wedding with her fiance in Cleveland, Ohio and also works full time for Cintas.
| Organization | Position | Status |
|---|---|---|
| Midwest Cheer Elite | Instructor | Current |
| Cintas Corporation | Current |
David C. Phillips has been a director since 2000. Mr. Phillips serves as Chairman of the Audit Committee. Mr. Phillips spent 32 years with Arthur Andersen L.L.P. His service with this firm included several managing partner leadership positions. After retiring from Arthur Andersen in 1994, Mr. Phillips became Chief Executive Officer of Downtown Cincinnati, Inc., which is responsible for economic revitalization of Downtown Cincinnati. Mr. Phillips retired from DCI in 1999 to devote full time to Cincinnati Works, Inc., an organization dedicated to reducing the number of people living below the poverty level by assisting them to strive towards self-sufficiency through work, and his financial consulting services. Mr. Phillips serves as a director of Cintas Corporation and Summit family of Mutual Funds.
| Organization | Position | Status |
|---|---|---|
| Meridian Bioscience Inc. | Chairman | Current |
| River Cities Capital Funds | Board of Directors | Current |
| Summit Family | Director | Current |
| Cintas Corporation | Board of Directors | Current |
| Confidential Materials Destruction, Inc | Member of the Audit Committee of the Board of Directors, Member of the Nominating | Current |
| Docuguides, Inc | Member of The Audit Committee of The Board of Directors, Member of The Nominating | Current |
| Downtown Cincinnati, Inc. | Chief Executive Officer | Former |
| Cintas Corporation | Elected A Director | Former |
| Meridian Bioscience Inc. | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Confidential Materials Destruction, Inc | Chairman of the Compensation Committee of the Board of Directors, Member of the Nominating | Current |
| Docuguides, Inc | Chairman of The Compensation Committee of The Board of Directors, Member of The Nominating | Current |
| Cintas Corporation | Board of Directors | Current |
| Procter & Gamble | Executive Vice President | Former |
| Cintas Corporation | Elected A Director | Former |
| Procter & Gamble | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Confidential Materials Destruction, Inc | President & Chief Operating Officer | Current |
| Docuguides, Inc | President & Chief Operating Officer | Current |
| Cintas Corporation | Board of Director | Current |
James Johnson was elected to the Cintas Board of Directors in 2009. Mr. Johnson served as the Chief Legal Officer of The Procter & Gamble Company from May 1991 until his retirement in June 2008. During that time, he reported to four successive Chief Executive Officers and was the principal legal and corporate governance advisor to the P&G Board of Directors. As P&G’s Chief Legal Officer, Mr. Johnson managed approximately 285 lawyers globally and served as the Co-Chair of P&G’s Ethics and Compliance Committee. Mr. Johnson joined the P&G Legal Department in 1973, and served as Associate General Counsel and Deputy General Counsel prior to becoming P&G’s Chief Legal Officer in 1991.
| Organization | Position | Status |
|---|---|---|
| Cintas Corporation | Board of Director | Current |
| Procter & Gamble | Chief Legal Officer & Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| Docuguides, Inc | Member of The Nominating and Corporate Governance Committee of The Board of Directors | Current |
| Cintas Corporation | Director | Current |
| Confidential Materials Destruction, Inc | Member of the Nominating and Corporate Governance Committee of the Board of Directors | Current |
| Cintas Corporation | Elected A Director | Former |
| Organization | Position | Status |
|---|---|---|
| Eagle Hospitality Properties Trust, Inc. | Chair | Current |
| Docuguides, Inc | Vice Chairman | Current |
| Cintas Corporation | Director | Current |
| Cintas Corporation | Vice Chairman | Current |
| Xavier University | Board of Directors | Current |
| Parker Hannifin Corporation | Director | Current |
| Confidential Materials Destruction, Inc | Vice Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Docuguides, Inc | Chairman of The Audit Committee of The Board of Directors | Current |
| Confidential Materials Destruction, Inc | Chairman of the Audit Committee of the Board of Directors | Current |
| Cintas Corporation | Director | Current |
| Convergys Corporation | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Confidential Materials Destruction, Inc | Chief Executive Officer | Current |
| Docuguides, Inc | Chief Executive Officer | Current |
| Docuguides, Inc | Board of Directors | Current |
| Cintas Corporation | Board of Director | Current |
| Cintas Corporation | President & CEO | Former |
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