NASDAQ:CTAS
Cintas Corporation is a leading provider of specialized products and services such as uniforms, floor care, restroom supplies, first aid and safety products, fire extinguishers, etc.
The company caters to a diverse range of customers with 70% in services providing sectors such as hospitality, healthcare, food service, etc. and 30% in the manufacturing and construction sectors. Cintas serves nearly 1 million customers primarily in North America, Latin America, Europe, and Asia.
It operates through three segments - Uniform Rental and Facility Services (80% of revenues), First Aid and Safety Services (10%) and All Other (10%). The company has a large customer base across different industries ranging from independent auto repair shops to large hotel chains.
It owns five manufacturing plants and eleven distribution centers. Since its foundation in 1968, Cintas has evolved its products and service offerings to complement its core uniform business. Today, the company is the largest player in the industry and enjoys a strong reputation.
The company has strong growth prospects since it currently serves only 1 million of the 16 million businesses in North America.