Cintas

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Cintas Corporation
Type Public
Traded as NASDAQCTAS
S&P 500 Component
Industry Service
Founded 1929 as Acme Industrial Laundry Company
1972 as Cintas
Headquarters Mason, 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$ 4,316.471 million (2013) [1]
  • Increase US$ 4,102.0 million (2012) [1]
Operating income
  • Increase US$ 565.211 million (2013) [1]
  • Increase US$ 539.627 million (2012) [1]
Net income
  • Increase US$ 315.442 million (2013) [1]
  • Increase US$ 297.637 million (2012) [1]
Total assets
  • Increase US$ 4,345.632 million (2013) [2]
  • Decrease US$ 4,165.706 million (2012) [1]
Total equity
  • Increase US$ 2,201.492 million (2013) [1]
  • Decrease US$ 2,139.135 million (2012) [1]
Employees 30,000
Website www.cintas.com
Cintas delivery truck, Ann Arbor, Michigan

Cintas Corporation is an American company which provides specialized services to businesses of all types, primarily throughout North America. Headquartered in Cincinnati, Ohio, Cintas 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, fire protection products and services and document management services for more than 1 million businesses.[3] Cintas is a publicly held company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of the Standard & Poor's 500 Index.

The company has grown consistently for the past nine years. Growth has been both organic and from acquisitions large and small. Revenue in fiscal year 2012 was $4.1 billion and net income was $297.6 million.[4] The company is the largest in the industry with approximately 30,000 employees. Cintas has received industry awards from publications such as Fortune in the United States, which named Cintas among its "Most Admired Companies" for eight consecutive years,[5] and Report on Business Magazine, which named the company one of Canada's Best Employers.[6]

Cintas has also been featured on episodes of the reality television series Bar Rescue[7] and Hotel Impossible[8]

History[edit]

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 40's, rags were replaced by shop towels—which are uniform in size and shape and much more absorbent than old rags. By then, the company’s name had changed to Acme Wiperand Industrial Laundry.

His grandson Richard T. Farmer joined the family business in 1956 after graduating from Miami University in Oxford, Ohio. Acme had just 15 employees at the time. Dick 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, Document Management, Fire Protection, Facility Services, and now Tile and Carpet Cleaning.

Products and Services[edit]

Uniforms & Apparel Facility Services First Aid & Safety Fire Protection Document Management
  • Rental Garments,
  • Carhartt Rental Workwear,
  • Women's Workwear,
  • Uniform Leasing,
  • Uniform Direct Sale,
  • Flame Resistant Clothing,
  • Cleanroom Uniforms
  • Restroom Cleaning,
  • Cleaning Chemical Service,
  • Restroom Supplies,
  • Microfiber Cleaning System,
  • Parts Cleaner,
  • Mat Services,
  • Mop Services,
  • Towel Services,
  • Tile and Carpet Cleaning,
  • HVAC Cleaning
  • First-Aid Supplies,
  • Personal Protective Equipment,
  • Automated External Defibrillator Programs,
  • Emergency Supplies (AEDs),
  • Compliance Training (DVD, Instructor-led and Online)
  • Fire Extinguishers,
  • Fire Extinguisher Training,
  • Emergency lights and Exit Signs,
  • Fire and Smoke Alarms,
  • Fire Alarm Monitoring Systems,
  • Kitchen Fire Suppression Systems,
  • Special Hazard Suppression Systems,
  • Sprinkler Systems
  • Document Shredding,
  • Document Storage,
  • Document Imaging,
  • Hard Drive Destruction,
  • Product Destruction,
  • Compliance and Employee Training

Key Industries Serviced:

Gaming, Hospitality, Foodservice, Automotive, Healthcare, Cruise, Manufacturing, Construction, Financial

Sustainability[edit]

Laundry Environmental Stewardship Program (LaundryESP®) – Cintas is a charter member of the Laundry Environmental Stewardship Program (LaundryESP®), whose intent is to improve environmental performance in the industrial laundry industry.[9]

ENERGY STAR – Cintas has partnered with the United States Environmental Protection Agency on its ENERGY STAR program. The program provides a strategic approach to energy management by tracking an organization’s current energy-efficiency and future improvement.[10]

Green Seal® Certified – The majority of Cintas’ paper products are Green Seal® Certified, which ensures that a product meets rigorous, science-based environmental leadership standards. Green Seal® assures manufacturers and purchasers that certified products are better for human health and the environment.[11]

Greater Cincinnati Green Business Council (GCGBC) – Cintas is a founding member of the GCGBC. Formed in 2011, the council is made up of businesses that work together to accelerate sustainable development in the Greater Cincinnati region. It is the area’s first collaboration of local business leaders dedicated to promoting sustainability while increasing the bottom line of their businesses. Other founding members include P&G, Mitsubishi Electric Automotive America, Melink Corporation, Macy’s, Luxottica Group and Fifth Third Bank. Participants meet regularly to learn about each other’s sustainability initiatives, identify common challenges, share experiences and best practices, and look for ways to make our region and its businesses more sustainable.[12] The GCGBC’s first project was a Workplace Composting Toolkit.[13]

Citizenship[edit]

  • Cintas has donated more than 13 million pounds of products to Cincinnati-based Matthew 25: Ministries’ Center for Humanitarian Relief, a 501 (c)(3) non-profit humanitarian aid organization[14]
  • Cintas commits to raising $100,000 yearly for the American Heart Association through employee-partners involvement in events like local heart walks and runs and “Wear Red Day”[15]
  • Cintas corporate headquarters has raised over $226,000 for United Way and its programs
  • Cintas has raised over $680,000 for ArtsWave (formally the Fine Arts Fund) which supports arts programs throughout the Greater Cincinnati area[16]
  • Cintas has donated more than $500,000 in women's suiting apparel for Dress for Success, which provides professional attire and career development to low-income women around the world[17]

Safety[edit]

In an effort to enhance its safety programs, Cintas put together an executive safety council in 2007.[18] Chaired by CEO Scott Farmer, the group includes 20 operations and staff officers who meet every six months to address safety concerns and strategies.

Cintas' safety vision includes the following three goals:

  • Every Cintas location is injury-free
  • Every partner is engaged in continuously improving safety
  • Cintas is widely recognized as one of the world’s leaders in safety and health performance[19]

As a part of its safety journey using the transformational safety model,[20] 25 Cintas locations have achieved certification through the Occupational Health and Safety Administration’s (OSHA) Voluntary Protection Program (VPP). It is the first industrial launderer[21] and document management services provider to achieve VPP certification.[22]

The following locations have earned VPP Star Certification, OSHA's highest safety designation:[23]

  1. Chandler, AZ Rental plant (#696)
  2. San Jose, CA DM plant (#630)
  3. Frankfort, IN Rental plant (#366)
  4. Richmond, VA Rental plant (#143)
  5. Charlotte, NC Rental plant (#200)
  6. Reno, NV Distribution Center (#67)[24]
  7. Terre Haute, IN Rental branch (#370)
  8. Searcy, AR Rental plant (#650)
  9. Statesville, NC Rental branch (#230)
  10. Aston, PA Rental plant (#100)
  11. Scranton, PA Distribution Center (#44)
  12. Portsmouth Rental plant and DM plant (391 & #J92)
  13. Fayetteville, NC Rental branch (#936)
  14. Strongsville, OH Rental plant (#11)
  15. Corpus Christi, TX Rental plant (539)
  16. Baton Rouge Industrial, LA Rental plant (#549)
  17. Lafayette, LA Rental plant (#543)
  18. Mason DCs (#95 & #131)
  19. Ft. Wayne, IN Rental plant (#338)[25]
  20. Ft. Wayne, IN Rental plant (#G64)
  21. Indianapolis, IN FAS (#388)[26]
  22. Providence, RI Rental Plant (#756)[27]
  23. Ashland, KY Distribution Center
  24. Lawton, OK
  25. South Bend, IN

Awards and Recognition[edit]

  • Ranked eighth in the Large Cap category of Forbes’ list of the “100 Most Trustworthy Companies in America.” 2014 marks the third time Cintas has received the honor since Forbes began the list in 2008.[28]
  • Named in 2014 by Fortune magazine as one of "America's Most Admired Companies" across all industries for the fourth consecutive year and the country's "Most Admired Company" in the diversified outsourcing sector[29]
  • GI Jobs “Top Military Friendly Employer” for 2013[30]
  • OSHA VPP “Star” recognition given to 14 Cintas facilities[23]
  • 2013 finalist in “Oklahoma’s Best Places to Work” by okcBIZ magazine for 5th consecutive year[31]
  • 2013 “Deal Maker Award” presented by the Association for Corporate Growth (ACG)[32]
  • The 2013 “MBE Empowerment Award” by the South Central Ohio Minority Supplier Development Council (SCOMSDC)
  • 2013 “Top 150 Workplaces in the U.S.” by Workplace Dynamics[33]
  • Cintas Uniform customers have received “Image of the Year” Awards by the North American Association of Uniform Manufacturers and Distributors (NAUMD) for 14 consecutive years[34]
  • Cintas won the “UNIVATOR Award” sponsored by UniformMarket News from 2009 to 2012[35]
  • The “Spirit of Diversity” award at the 2011 South Central Ohio Healthcare Supplier Diversity Symposium[36]
  • The 2011 “Corporation of the Year” award by the Greater Cincinnati/Northern Kentucky African American Chamber of Commerce (AAC)[37]
  • The 2011 “Class II Corporation of the Year” award by SCOMSDC[38]
  • The 2010 “Sustainability All-Star Award” by Apparel magazine[39]
  • The 2010 International Hotel, Motel + Restaurant Show (IHMRS) Editors’ Choice Award for “Green Guest Amenities”[40]

Criticism[edit]

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.[41] 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.[42][43] In May 2007, Cintas hired a Washington, D.C.-based lobbying firm, the Podesta Group, to manage their relations with Congress.[44]

References[edit]

  1. ^ a b c d e f g h i "CINTAS CORP 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. July 30, 2013. 
  2. ^ "CINTAS CORP 2014 Q3 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. April 9, 2014. 
  3. ^ [1]
  4. ^ http://www.cintas.com/company/corporate_profile/
  5. ^ [2]
  6. ^ http://www.cintas.com/company/news_media/press_releases/best_employer_canada_2008.aspx
  7. ^ http://www.issa.com/?m=news&event=view&id=6287
  8. ^ http://news.cincinnati.com/article/20121130/ENT11/311300131/TV-hotel-fixer-endorses-Cintas
  9. ^ http://www.trsa.org/page/participants
  10. ^ http://www.energystar.gov/index.cfm?fuseaction=estar_partner_list.showPartnerResults&s_code=ALL&partner_type_id=ALL&cntry_code=ALL&country_id=ALL&award_category=ALL&award_year=ALL&letter=ALL&current_sort_column=NAME&current_sort_order=ASC&layout=default&startnum=1&resultsperpage=20809
  11. ^ http://www.greenseal.org/FindGreenSealProductsandServices.aspx?vid=ViewProductDetail&cid=16
  12. ^ http://www.gcgbc.org/members/default.asp
  13. ^ http://www.gcgbc.org/_files/GCGBC-Workplace-Composting-Toolkit.pdf
  14. ^ http://pubs.ppai.org/2010/01/charitable-contributions-cintas-provides-scrubs-garments-to-haiti-earthquake-vi/
  15. ^ http://www.heartwalk.org/site/c.rjJ0J6MHIoE/b.8509071/k.EB61/Cintas_Team_Message.htm
  16. ^ http://www.theartswave.org/connect/corporate-donors
  17. ^ http://news.cincinnati.com/article/20091201/BIZ01/912010317/Cintas-gives-250-000-Dress-Success
  18. ^ http://www.nwitimes.com/business/local/workplace-safety-is-serious-business/article_2543c380-dfe4-5f4d-9364-4b8f033d65cd.html
  19. ^ http://safetydailyadvisor.blr.com/2014/01/same-old-same-old-safety-ideas-think-again/
  20. ^ http://ehstoday.com/safety/key-worldclass-safety-0601
  21. ^ http://www.trsa.org/news/osha-%E2%80%98star%E2%80%99-plant-cintas%E2%80%99-first
  22. ^ https://www.sdbmagazine.com/osha-recognizes-cintas-facility.aspx
  23. ^ a b https://www.osha.gov/dcsp/vpp/sitebystate.html
  24. ^ http://www.dailyfinance.com/2012/09/24/osha-recognizes-cintas-reno-distribution-center-wi/
  25. ^ http://www.bloomberg.com/article/2013-10-31/a0Sy9X_XTVJs.html
  26. ^ http://www.in.gov/dol/2474.htm
  27. ^ http://vppregion1.com/wp-content/uploads/2010/10/OSHA-VPPPA-Chpt-Mtg-CocaCola-11-12-13.pdf
  28. ^ http://www.forbes.com/sites/kathryndill/2014/03/18/americas-100-most-trustworthy-companies/
  29. ^ http://money.cnn.com/magazines/fortune/most-admired/2014/list/?iid=wma14_sp_full
  30. ^ http://www.gijobs.com/2010-top100-military-friendly-employers-article.aspx
  31. ^ http://okc.biz/oklahoma/article-6800-best-places-to-work-2012.html
  32. ^ http://local.cincinnati.com/share/story/203693
  33. ^ http://www.cmmonline.com/articles/print/230431-cintas-ranked-among-workplace-dynamics-top-workplaces
  34. ^ http://www.businesswire.com/news/home/20140407006180/en/Cintas-Corporation-Snags-Hotel-Cruise-Accolades-2014#.U0QQw_ldXsY
  35. ^ http://www.cmmonline.com/articles/cintas-wins-2012-univator-award-3
  36. ^ http://cincinnatiherald.our-hometown.com/news/2011-05-14/Section_B/Cintas_Corporation_Childrens_Hospital_and_Deborah_.html
  37. ^ http://african-americanchamber.com/pages/B2B/
  38. ^ http://business.hispanicchambercincinnati.com/news/details/cintas-wins-class-ii-corporation-of-the-year
  39. ^ http://apparel.edgl.com/old-magazine/Announcing-Apparel-s-2010-Sustainability-All-Star-Award-Winners65610
  40. ^ https://americanlaundrynews.com/articles/cintas-wins-ihmrs-editors-choice-award-washable-tuxedo
  41. ^ http://news.cincinnati.com/article/20090407/BIZ01/904080321/-1/today
  42. ^ Sewell, Dan (2007-03-17). "Federal court: Cintas policy violated rights". The Cincinnati Post (Associated Press) (E. W. Scripps Company). Archived from the original on 2007-03-25. 
  43. ^ House Leaders Want Cintas Inquiry
  44. ^ FSM - The Source for Workplace Safety

External links[edit]