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Cintas Corporation is a company that provides a wide range of products and services designed to enhance customer image and maintain clean and safe facilities, primarily operating in the United States, Canada, and Latin America. Serving over one million businesses, Cintas organizes its business activities into two main reportable operating segments: Uniform Rental and Facility Services, and First Aid and Safety Services. The company offers products such as uniforms, flame-resistant clothing, mats, mops, shop towels, restroom cleaning services, first aid, and safety products .
- Uniform Rental and Facility Services - Offers rental and servicing of uniforms and other garments, including flame-resistant clothing, mats, mops, and shop towels, along with restroom cleaning services and supplies.
- First Aid and Safety Services - Provides first aid and safety products and services to businesses.
- All Other - Includes Fire Protection Services and Uniform Direct Sale operating segments, offering fire protection solutions and direct sales of uniforms.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
D. Brock Denton Executive | Senior Vice President, Secretary, and General Counsel | N/A | Joined Cintas in June 2021. Previously a partner at KMK Law. | |
J. Michael Hansen Executive | Executive Vice President and Chief Financial Officer | N/A | Joined Cintas in 1995. Held various financial roles, promoted to EVP and CFO in July 2018. | |
James N. Rozakis Executive | Executive Vice President and Chief Operating Officer | N/A | Joined Cintas in 1999. Held various positions, promoted to EVP and COO in June 2023. | |
Todd M. Schneider Executive | President & Chief Executive Officer | N/A | The documents do not provide sufficient information to confirm whether Todd M. Schneider is still in the role of President & CEO at Cintas Corporation as of the most recent 8-K filings. | View Report → |
Beverly K. Carmichael Board | Director | Viad Corp, Blue Apron, Cotton Patch Cafe, Inc., ezCater, Inc. | Appointed to the Board in January 2024. Extensive HR and legal experience. | |
Joseph Scaminace Board | Lead Director | Board of Trustees of The Cleveland Clinic, Director of Parker Hannifin Corporation | Director since 2010. Former CEO of Vectra Corporation. | |
Karen L. Carnahan Board | Director | Touchstone Investments, Boys & Girls Club of West Chester/Liberty | Director since 2019. Former executive at Cintas and Shred-it International. | |
Martin Mucci Board | Director | Chairman of Paychex, Inc., Director at NCR Corporation | Appointed to the Board in April 2023. Former CEO of Paychex. | |
Melanie W. Barstad Board | Director | N/A | Director since 2011. Former President of Women's Health at Johnson & Johnson. | |
Robert E. Coletti Board | Director | The Everglades Foundation, Gilligan Oil Company | Director since 2016. Retired partner at KMK Law. | |
Ronald W. Tysoe Board | Director | N/A | Director since 2008. Former Vice Chairman of Federated Department Stores. | |
Scott D. Farmer Board | Executive Chairman of the Board | N/A | Joined Cintas in 1981. Served as CEO from 2003 to 2021. Transitioned to Executive Chairman in 2021. |
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Uniform Direct Sales have experienced organic declines for the past five quarters. Could you elaborate on the factors contributing to this sustained decline and what strategies you have in place to reverse this trend?
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Your strong free cash flow in the first quarter appears to be driven by working capital changes. Is this indicative of a timing issue, or should we anticipate a particularly strong cash flow year in fiscal '25?
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In light of potential industry consolidation and aggressive competitive activity, how do you plan to maintain your market share and competitive edge, especially considering challenges from both traditional and non-traditional competitors?
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Regarding the rollout of RFID and auto sortation technologies, can you provide details on the timeline for full implementation, any challenges you've encountered, and how these technologies are expected to improve operational efficiency?
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With your focus on key verticals such as healthcare, hospitality, education, and government, how does the growth and performance in these sectors compare to the broader company, and what specific challenges are you facing in these markets?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Multiple Businesses across segments (Uniform Rental and Facility Services, First Aid and Safety Services, All Other) | 2024 | Cintas acquired 16 businesses (7 in Uniform Rental and Facility Services, 1 in First Aid and Safety Services, and 8 in All Other) with a total net cash consideration of $186.8 million; key allocations included $14.35M in tangible assets, $28.86M in service contracts, and $5.28M in other intangibles, supporting growth by increasing customer penetration and expanding service offerings. |
Multiple Businesses across segments (Uniform Rental and Facility Services, First Aid and Safety Services, Fire Protection) | 2023 | Acquisitions were completed in Uniform Rental and Facility Services, First Aid and Safety Services, and Fire Protection segments with a total net cash outlay of $46.4 million, aiming to enhance market penetration and drive revenue growth. |
Multiple Businesses and Equity Investment | 2022 | Includes the December 10, 2021 transaction to acquire the remaining interest in an equity method investment in Uniform Rental and Facility Services for $48.0 million (net of $1.7 million in cash acquired) along with additional acquisitions (3 in Uniform Rental and Facility Services, 10 in First Aid and Safety Services, and 7 in All Other); the aggregated deal, with a total consideration of $207.7 million, involved detailed purchase price allocations and was aimed at achieving vertical integration and realizing synergistic benefits. |
Recent press releases and 8-K filings for CTAS.
- Cintas Corporation is issuing $400,000,000 4.200% Senior Notes due 2028, supported by multiple guarantors, as detailed in the filing documents.
- The filing includes key legal opinions, underwriting agreements, and registration statements effective as of May 2, 2025.
- A pricing term sheet outlines important terms including initial pricing, redemption features, and settlement details (expected May 2, 2025).
- Mike Hansen will retire as CFO and transition to Assistant to the CEO effective May 31, 2025, continuing to support strategic initiatives.
- Scott Garula, currently President of the Rental Division, has been appointed as the new CFO, effective June 1, 2025.
- The announcement was made via a press release on April 4, 2025, confirming the leadership change in the company.
- Revenue of $2.61B in Q3 2025, representing an 8.4% increase year-over-year with organic growth of 7.9%, driven by strong performance across key segments.
- Achieved an all-time high gross margin of 50.6% and an operating income margin of 23.4%, with diluted EPS rising 17.7% to $1.13.
- Updated fiscal 2025 guidance narrowed revenue expectations and raised annual diluted EPS targets to a range of $4.36–$4.40, reflecting confidence in ongoing operational strength.
- Terminated discussions for the proposed UniFirst acquisition at $275 per share, underscoring a focus on strategic investments, efficient capital allocation, and shareholder returns through dividends and opportunistic buybacks.
- Revenue reached $2.61 billion in Q3 2025, reflecting an 8.4% increase compared to Q3 2024, with gross margin improving to 50.6% and operating income rising to $609.9 million.
- The company reported a 16.6% increase in net income to $463.5 million and paid an aggregate quarterly dividend of $158.1 million, up 14.9% from the prior year.
- Updated fiscal 2025 guidance now reflects a revised revenue range of $10.280 to $10.305 billion and an increased diluted EPS guidance of $4.36 to $4.40, following adjustments for foreign currency impacts.
- Cintas Corporation has terminated discussions with UniFirst Corporation regarding its proposed acquisition of all outstanding common and class B shares of UniFirst.
- The proposal offered a cash price of $275.00 per share, representing a 46% premium over UniFirst’s ninety-day average closing price as of January 6, 2025.
- CEO Todd Schneider highlighted that, despite the potential value of the transaction, inadequate substantive engagement on key terms led to the decision to cease further discussions.