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CTAS 10-K Annual Reports

CINTAS CORP - 35 annual reports

CINTAS CORP Annual Report, Year Ended May 31, 2025

Jul 28, 2025

Cintas Corporation reported strong revenue growth of 7.7% for the fiscal year ended May 31, 2025, reaching $10.3 billion. This growth was primarily driven by increased sales volume across its Uniform Rental and Facility Services and First Aid and Safety Services segments. The company successfully navigated inflationary pressures and increased operating costs through pricing strategies and efficiency gains, leading to an improvement in gross margins and a 14.7% increase in income before income taxes. Financially, Cintas demonstrated robust operating cash flow generation, with a 4.7% increase year-over-year, supporting investments in capital expenditures and acquisitions. The company also returned significant value to shareholders through dividends and share repurchases. Cintas maintains a strong liquidity position with access to a substantial revolving credit facility and has affirmed effective internal controls over financial reporting. Key risks highlighted include economic downturns, increased competition, supply chain constraints, and cybersecurity threats, though the company has demonstrated resilience in its operations and financial management.

CINTAS CORP Annual Report, Year Ended May 31, 2024

Jul 25, 2024

Cintas Corporation (CTAS) has reported strong performance in its 2024 fiscal year, characterized by robust revenue growth and increased profitability. The company continues to benefit from its diversified business model, with both its Uniform Rental and Facility Services segment and its First Aid and Safety Services segment demonstrating significant top-line expansion. This growth is attributed to increased sales volume, effective pricing strategies, and successful penetration of new and existing customers. The company's operational efficiency is also evident, with improvements in gross margins driven by energy efficiency gains, optimized inventory management, and better leverage of fixed costs. Financially, Cintas has maintained a strong liquidity position, evidenced by substantial cash flow from operations. The company actively returned capital to shareholders through dividends and share repurchases, while also strategically reinvesting in the business through capital expenditures and acquisitions to fuel future growth. Cintas' solid financial footing and consistent operational execution position it well for continued success, despite the inherent risks associated with economic fluctuations, competition, and supply chain dynamics.

CINTAS CORP Annual Report, Year Ended May 31, 2023

Jul 27, 2023

Cintas Corporation's 2023 Form 10-K highlights a strong fiscal year characterized by robust revenue growth and consistent profitability. The company reported a 12.2% increase in total revenue, reaching $8.8 billion, primarily driven by organic growth across its key segments: Uniform Rental and Facility Services, and First Aid and Safety Services. This growth was fueled by expanding its customer base, increasing penetration with existing clients, and strategic price adjustments. The Uniform Rental and Facility Services segment remains the largest contributor, showing a 10.8% revenue increase, while the First Aid and Safety Services segment demonstrated impressive growth of 14.3%. Financially, Cintas maintained healthy operating income and net income growth, translating to diluted earnings per share of $12.99, an 11.5% increase year-over-year. The company also returned significant value to shareholders through dividends and share repurchases, underscoring its financial strength and commitment to shareholder returns. Cintas' operational efficiency, evidenced by improved gross margins and effective cost management, positions it well to navigate economic uncertainties and continue its growth trajectory.

CINTAS CORP Annual Report, Year Ended May 31, 2022

Jul 27, 2022

Cintas Corporation (CTAS) demonstrated robust performance in its fiscal year ended May 31, 2022, with total revenue reaching $7.85 billion, a significant increase of 10.4% from the prior year. This growth was primarily driven by the Uniform Rental and Facility Services segment, which saw a 9.4% revenue increase, and the First Aid and Safety Services segment, which grew by 6.1%. The company successfully navigated the lingering effects of the COVID-19 pandemic, reporting a positive impact from the lifting of restrictions which contributed to increased sales volume and customer engagement. Financially, Cintas maintained a strong position, with net income from continuing operations increasing by 11.2% to $1.24 billion. Diluted earnings per share also saw a healthy rise of 13.8%. The company actively returned capital to shareholders through dividends and a significant share repurchase program, underscoring its commitment to shareholder value. Cintas continues to focus on expanding its customer base, increasing penetration at existing customers, and exploring strategic acquisitions to fuel future growth.

CINTAS CORP Annual Report, Year Ended May 31, 2021

Jul 28, 2021

Cintas Corporation's 2021 10-K filing reveals a company that navigated the challenges of the COVID-19 pandemic while demonstrating resilience and growth. Total revenue saw a modest increase of 0.4% to $7.1 billion, with the Uniform Rental and Facility Services segment remaining the largest contributor. Despite initial impacts from business closures and customer payment delays, the company's designation as an "essential business" allowed for continued operations. The latter half of fiscal year 2021 saw a positive impact from vaccine rollouts and the lifting of restrictions, leading to a significant rebound in organic revenue, particularly in the fourth quarter. Financially, Cintas reported a robust increase in net income by 26.8% to $1.11 billion, translating to diluted earnings per share of $10.24, up from $8.11 in the prior year. This growth was driven by improved cost controls, operational efficiencies, and a one-time gain from the sale of certain operating assets. The company also continued its commitment to shareholder returns through increased dividends and active share repurchases, underscoring a strong financial position and confidence in future performance.

CINTAS CORP Annual Report, Year Ended May 31, 2020

Jul 29, 2020

Cintas Corporation's 2020 Form 10-K reveals a company navigating the early impacts of the COVID-19 pandemic. While revenue grew by 2.8% year-over-year to $7.1 billion, driven by organic growth in the first three quarters, the fourth quarter saw a significant downturn (-8.4% organic growth) due to widespread business closures. Despite these challenges, Cintas' core Uniform Rental and Facility Services segment showed resilience with a 1.6% revenue increase, and the First Aid and Safety Services segment saw robust growth of 14.4%, partly fueled by increased demand for personal protective equipment. The company proactively managed costs, recording $24.5 million in employee termination costs and $9.2 million in long-lived asset impairment charges in the fourth quarter to align its workforce with business needs. Cintas maintained a strong liquidity position with $1.3 billion in net cash provided by operating activities, and access to a $1.0 billion revolving credit facility. However, the company prudently limited share buybacks and capital expenditures to preserve cash amidst the evolving pandemic landscape, indicating a cautious outlook for the near term.

CINTAS CORP Annual Report, Year Ended May 31, 2019

Jul 26, 2019

Cintas Corporation reported total revenues of $6.9 billion for the fiscal year ended May 31, 2019, representing a 6.4% increase over the prior year, driven by a 6.5% organic growth rate. The Uniform Rental and Facility Services segment remains the largest contributor, with revenue up 5.8%, and demonstrated improved gross margins. The First Aid and Safety Services segment also showed solid performance with revenue growth of 9.7%. The company continued its share repurchase program, repurchasing $543.4 million in the fiscal year, and increased its quarterly dividend, marking the 36th consecutive year of dividend increases. Financially, Cintas demonstrated strong operational efficiency, with income before income taxes increasing by 31.1%. Net income from continuing operations grew 12.6% to $882.6 million, leading to diluted earnings per share from continuing operations of $7.97, a 13.4% increase. The company's financial health remains robust, supported by strong operating cash flow of $1.1 billion. Cintas is well-positioned for continued growth, driven by its strategy of increasing penetration with existing customers and expanding its customer base.

CINTAS CORP Annual Report, Year Ended May 31, 2018

Jul 27, 2018

Cintas Corporation reported strong financial performance for the fiscal year ending May 31, 2018, demonstrating robust revenue growth and enhanced profitability. The company's strategic acquisition of G&K Services in the prior year significantly contributed to a 21.7% increase in total revenue, reaching $6.5 billion. This growth was driven by both organic expansion, reflecting a 7.1% increase in sales volume, and the integration of G&K's operations. Profitability saw a substantial improvement, with net income from continuing operations rising by 71.4% to $783.9 million. This surge in earnings was notably influenced by the positive impact of the Tax Cuts and Jobs Act, which significantly reduced the company's effective tax rate to 6.8%. The company also highlighted operational efficiencies and sales force productivity as key drivers of its financial success. Cintas continued to reward shareholders through dividend increases and share repurchases, underscoring its commitment to shareholder value.

CINTAS CORP Annual Report, Year Ended May 31, 2017

Jul 31, 2017

Cintas Corporation's 2017 Form 10-K details a year marked by significant strategic acquisition and continued operational growth. The company successfully completed the acquisition of G&K Services, Inc. for approximately $2.1 billion, a move that substantially expanded its Uniform Rental and Facility Services segment. This acquisition, financed through a combination of debt and cash, is expected to drive future revenue and synergy realization, though it also introduced integration costs and increased debt levels. Financially, Cintas demonstrated robust performance with an 11.0% increase in total revenue, reaching $5.3 billion. This growth was driven by an organic increase of 6.7% and the contribution from acquisitions. The Uniform Rental and Facility Services segment saw an 11.8% revenue increase, while the First Aid and Safety Services segment grew by 10.1%. Despite higher transaction and integration expenses, along with increased interest costs due to the G&K acquisition, the company managed to achieve a modest 1.9% increase in net income from continuing operations, reaching $457.3 million, and a 3.7% rise in diluted earnings per share from continuing operations to $4.17. The company also continued its commitment to shareholder returns, increasing its annual dividend for the 34th consecutive year.

CINTAS CORP Annual Report, Year Ended May 31, 2016

Jul 29, 2016

Cintas Corporation's 2016 10-K report highlights a year of robust growth, with total revenue increasing by 9.6% to $4.9 billion. This growth was driven by strong organic expansion of 6.7%, supplemented by strategic acquisitions, notably ZEE Medical Inc., which significantly boosted the First Aid and Safety Services segment. The company demonstrated operational efficiency, with its primary Uniform Rental and Facility Services segment improving its gross margin by 90 basis points due to new business acquisition and process enhancements. Financially, Cintas maintained a healthy performance with income from continuing operations rising 11.3% to $456.9 million, translating to diluted earnings per share of $4.09. The company also returned significant capital to shareholders through dividends and a substantial share repurchase program, underscoring its commitment to shareholder value. Despite a challenging economic environment and competitive landscape, Cintas' diversified business model and strategic focus on customer penetration and expansion position it for continued success.

CINTAS CORP Annual Report, Year Ended May 31, 2015

Jul 30, 2015

Cintas Corporation's 2015 10-K filing shows a company focused on its core uniform rental and ancillary services, which form the largest segment by revenue. The company has undergone significant structural changes, notably the deconsolidation of its Document Management Services segment, which included the sale of its Shredding business via a partnership with Shred-it and the sale of its Storage business. These transactions, while impacting reported revenue comparisons, are part of a strategy to streamline operations and focus on core competencies. Financially, Cintas demonstrated steady revenue growth, albeit modest in the reported year, with organic growth being a key driver. The company's profitability remains strong, supported by efficient operations within its main segments. Cintas also continued its commitment to shareholder returns through dividend increases and significant share repurchases, underscoring financial discipline and confidence in its business outlook. The company navigates various risks including competition, economic conditions, and operational costs, but its diversified customer base and strong market position provide resilience.

CINTAS CORP Annual Report, Year Ended May 31, 2014

Jul 30, 2014

Cintas Corporation (CTAS) filed its 2014 10-K report, detailing a year marked by strategic adjustments and steady operational growth. The company reported total revenue of $4.55 billion, an increase of 5.5% over the prior year, driven primarily by organic growth across its core segments, particularly Rental Uniforms and Ancillary Products, which saw a 5.9% revenue increase. A significant event was the April 30, 2014, partnership transaction combining Cintas' document destruction business with Shred-it, creating a new partnership where Cintas holds a 42% stake and receiving $180 million in cash. While this transaction resulted in a substantial gain on deconsolidation, it also led to asset impairment and transaction costs. The company's financial performance remained robust, with net income increasing by 18.7% to $374.4 million and diluted earnings per share growing by 21.0% to $3.05. Cintas continued its commitment to shareholder returns, demonstrating its 31st consecutive year of increasing its annual dividend. The company also actively repurchased shares, underscoring its financial strength and confidence in its business model. Looking ahead, Cintas is focused on expanding its customer base and penetration, leveraging its strong customer relationships and extensive service network.

CINTAS CORP Annual Report, Year Ended May 31, 2013

Jul 30, 2013

Cintas Corporation's 2013 10-K filing reveals a company experiencing consistent revenue growth, primarily driven by its core Rental Uniforms and Ancillary Products segment. The company demonstrated resilience with a 5.2% increase in total revenue to $4.3 billion, supported by strong organic growth and strategic acquisitions, particularly in the First Aid, Safety and Fire Protection Services and Document Management segments. Net income also saw a healthy increase of 6.0% to $315.4 million. Investors will note Cintas' commitment to shareholder returns, evidenced by its 30th consecutive year of dividend increases. The company also actively engaged in share repurchases, reducing outstanding shares and contributing to a 11.0% increase in diluted earnings per share. Despite facing competitive pressures and potential economic headwinds, Cintas' diversified business model, operational efficiencies, and focus on customer relationships position it for continued stability and growth.

CINTAS CORP Annual Report, Year Ended May 31, 2012

Jul 30, 2012

Cintas Corporation's 2012 Form 10-K report highlights a year of steady growth, with total revenue reaching $4.1 billion, a 7.7% increase over the prior year. This growth was driven by a combination of organic expansion and strategic acquisitions, particularly within the Document Management and First Aid, Safety, and Fire Protection Services segments. The company's core Rental Uniforms and Ancillary Products segment also showed robust performance, with revenue up 8.2% driven by improved sales representative productivity and capacity utilization. Financially, Cintas demonstrated strong operational efficiency, with selling and administrative expenses decreasing as a percentage of revenue. Net income saw a significant increase of 20.5% to $297.6 million, and diluted earnings per share grew by 35.1% to $2.27, partly due to share repurchases. The company also continued its track record of increasing dividends, marking the 29th consecutive year of dividend growth. Cintas maintains a solid liquidity position, with substantial operating cash flow and access to credit facilities, supported by favorable credit ratings.

CINTAS CORP Annual Report, Year Ended May 31, 2011

Jul 29, 2011

Cintas Corporation's 2011 10-K filing highlights a year of recovery and growth following a challenging economic period. The company demonstrated resilience, with total revenue increasing by 7.4% to $3.8 billion. This growth was driven by a combination of organic expansion, particularly in the Document Management Services segment (up 27.0%), and strategic acquisitions across multiple segments. The Rental Uniforms and Ancillary Products segment, the largest contributor to revenue, saw a solid 4.8% increase, signaling a rebound in core business activity. Profitability also improved, with operating income rising by 12.7% and net income up 14.5% to $247.0 million. Diluted Earnings Per Share (EPS) saw a significant 20.0% increase, partly due to effective share repurchases. The company maintained a strong financial position, with robust operating cash flows and a stable credit rating, allowing for continued investment in growth initiatives and shareholder returns, including a 28th consecutive year of dividend increases.

CINTAS CORP Annual Report (Amendment), Year Ended May 31, 2010

May 18, 2011

Cintas Corporation's 2010 Form 10-K/A filing, an amendment to its original report, primarily provides updated disclosures related to credit ratings following the Dodd-Frank Act. The report covers the fiscal year ended May 31, 2010, a period significantly impacted by the economic downturn. Despite a 6.0% decrease in total revenue to $3.5 billion, the company demonstrated resilience by improving cash flow, with net cash provided by operating activities increasing by 7.3% to $561.6 million. Key operational highlights include a -6.4% internal growth rate for the full year, with a notable improvement in the fourth quarter to 1.9%. The company maintained its commitment to shareholders by increasing its dividend for the 27th consecutive year. Cintas' diversified business segments, including Rental Uniforms and Ancillary Products, Uniform Direct Sales, First Aid & Safety, and Document Management, experienced varying impacts from the economic conditions, with Document Management showing strong growth. The company focused on cost reduction initiatives and strategic adjustments to navigate the challenging economic landscape while maintaining its long-term objective of exceeding customer expectations.

CINTAS CORP Annual Report, Year Ended May 31, 2010

Jul 30, 2010

Cintas Corporation's Form 10-K for the fiscal year ended May 31, 2010, reveals a company navigating a challenging economic environment. Total revenue saw a decrease of 6.0% year-over-year, largely due to the lingering effects of the economic downturn which impacted customer employee levels and spending on ancillary products and services. Despite the revenue decline, the company demonstrated resilience by increasing net cash provided by operating activities by 7.3% and continuing its track record of consecutive annual dividend increases for the 27th year. The company's core Rental Uniforms and Ancillary Products segment experienced a revenue decrease, but performance in the Document Management Services segment showed robust growth, up 18.6% driven by increased destruction services and higher recycled paper revenue. Cintas maintained a strong balance sheet, with a reduced debt-to-capitalization ratio and a significant cash position. The company also addressed operational inefficiencies by implementing cost reduction initiatives and restructuring activities in response to lower volumes.

CINTAS CORP Annual Report, Year Ended May 31, 2009

Jul 30, 2009

Cintas Corporation's 2009 10-K filing reflects a company navigating a challenging economic environment, with total revenue declining 4.1% to $3.77 billion for the fiscal year ended May 31, 2009, compared to the prior year. This downturn was primarily attributed to the severe economic turmoil that began in the latter half of fiscal year 2009, leading customers to significantly reduce spending. The company proactively responded by implementing cost-reduction measures, including facility closures, hiring freezes, and workforce reductions, resulting in significant restructuring charges. Despite the revenue decline and the impact of restructuring, Cintas demonstrated resilience by generating strong operating cash flow and paying an increased dividend for the 26th consecutive year. The company's core business, Rental Uniforms and Ancillary Products, experienced a 2.8% revenue decrease, while other segments like Uniform Direct Sales and First Aid, Safety, and Fire Protection Services saw larger declines. The Document Management Services segment, however, showed strong growth, increasing revenue by 17.0%, driven by acquisitions and internal growth. Cintas' balance sheet remained solid, with a decrease in long-term debt and a strong liquidity position, as evidenced by no outstanding commercial paper borrowings at year-end.

CINTAS CORP Annual Report, Year Ended May 31, 2008

Jul 30, 2008

Cintas Corporation's 2008 10-K filing reveals a company that continued its growth trajectory, achieving its 39th consecutive year of uninterrupted sales and profit growth, despite facing challenging economic conditions and rising energy costs. The company's strategy centers on increasing penetration with existing customers and broadening its customer base, supplemented by strategic acquisitions. Cintas operates across four key segments: Rental Uniforms and Ancillary Products, Uniform Direct Sales, First Aid, Safety and Fire Protection Services, and Document Management Services. The latter two segments are showing strong growth, both organically and through acquisitions, contributing a larger share to overall revenue. Financially, Cintas demonstrated resilience, with total revenue growing 6.2% to $3.9 billion. While operating income remained relatively flat year-over-year due to increased selling and administrative expenses (largely from sales reorganization efforts), net income saw a slight increase of 0.3% to $335.4 million. Diluted EPS also increased by 2.9% to $2.15, benefiting from the company's ongoing share buyback program. The company maintained strong liquidity, with cash generated from operations increasing significantly and a healthy working capital position. Cintas also continued its commitment to shareholder returns, increasing dividends by 17.9% and marking its 25th consecutive year of dividend increases.

CINTAS CORP Annual Report, Year Ended May 31, 2007

Jul 30, 2007

Cintas Corporation's 2007 10-K filing highlights a year of continued growth, marking the 38th consecutive year of uninterrupted sales and profits. The company reported total revenues of $3.7 billion, a 8.9% increase over the prior year, driven by both organic growth and strategic acquisitions. The 'Other Services' segment demonstrated robust growth, outpacing the 'Rentals' segment, largely due to contributions from first aid, safety, fire protection, and document management businesses. Financially, Cintas maintained a strong position with diluted earnings per share increasing by 8.9% to $2.09. The company continued its commitment to shareholder returns through a 11.4% increase in dividends and an active share buyback program, repurchasing approximately $199 million worth of stock during the fiscal year. Despite facing some cost pressures, particularly in sales force reorganization and employee benefits, the company managed its expenses effectively, supported by ongoing cost containment initiatives and Six Sigma efforts. Significant ongoing legal proceedings, particularly related to wage and hour and discrimination claims, are noted as potential risks that could materially affect future results.

CINTAS CORP Annual Report, Year Ended May 31, 2006

Aug 11, 2006

Cintas Corporation's 2006 10-K filing reveals a company with consistent growth and a strong market position in the uniform and business services sector. For the fiscal year ending May 31, 2006, Cintas reported total revenues of $3.4 billion, an increase of 11.0% over the prior year, driven by both organic growth and strategic acquisitions. The company operates across two main segments: Rentals, which includes uniform and garment rentals, and Other Services, encompassing direct sales of uniforms, first aid, safety, and document management solutions. Both segments demonstrated healthy performance, with 'Other Services' showing a higher growth rate primarily due to recent acquisitions. Cintas highlighted its ongoing commitment to cost containment, operational efficiency through Six Sigma initiatives, and reinvestment in facilities and equipment to support future expansion. The company also continued its shareholder-friendly capital allocation strategy, including consistent dividend increases and a significant stock repurchase program. Despite a generally positive outlook, Cintas faces several risks, including general economic conditions, increased competition, supplier reliance, and potential disruptions from unionization campaigns. Notably, the company is involved in ongoing wage and hour, race, and gender discrimination litigation, the outcomes of which could materially impact its financial condition. Management emphasized its robust internal controls and affirmed their effectiveness. Overall, Cintas presents a picture of a well-managed, growing enterprise navigating industry challenges while focusing on long-term value creation for its shareholders.

CINTAS CORP Annual Report, Year Ended May 31, 2005

Aug 15, 2005

Cintas Corporation's 2005 10-K report showcases another year of consistent growth, marking the 36th consecutive year of uninterrupted sales and profit increases. The company demonstrated robust financial health with improvements in profitability, cash flow, and balance sheet strength. Revenue grew by 9.0% to $3.1 billion, driven by both organic growth (6.3%) and strategic acquisitions, particularly in the "Other Services" segment. The "Rentals" segment also saw healthy growth, indicating a strong demand for their core uniform services. Management highlights a continued focus on strategic expansion, cost containment through initiatives like Six Sigma, and leveraging their scale to enhance customer value. While facing increased costs in areas like medical benefits and fuel, Cintas has managed these pressures effectively, leading to improved gross margins and pre-tax income. The company's financial position remains strong, with significant cash reserves and a decreasing debt-to-capitalization ratio. Investors can take comfort in the consistent dividend increases and the initiation of a substantial stock repurchase program. However, potential investors should note the ongoing unionization campaign and several significant legal proceedings that, while managed, carry inherent risks.

CINTAS CORP Annual Report, Year Ended May 31, 2004

Aug 16, 2004

Cintas Corporation's 2004 10-K filing highlights a year of continued growth, marking its 35th consecutive year of uninterrupted sales and profit increases. The company demonstrated resilience by achieving a 4.7% revenue increase to $2.8 billion, despite a challenging economic environment and initial weakness in employment numbers. This growth was driven by both organic expansion in its core Rentals segment and strategic acquisitions in the "Other Services" segment. The company successfully integrated the significant Omni Services acquisition and is actively managing its operations through cost containment initiatives and a focus on Six Sigma processes for efficiency improvements. Financially, Cintas strengthened its balance sheet, significantly reducing its debt by $79 million and increasing its cash reserves by $197 million, largely due to strong operational cash flows and improved inventory management. The company's outlook for fiscal 2005 is cautiously positive, anticipating continued growth driven by economic recovery and its substantial untapped market potential. However, Cintas also acknowledges ongoing challenges such as competitive pricing pressures, rising labor and benefit costs, and significant union organizing campaigns, which could pose risks to future operations.

CINTAS CORP Annual Report, Year Ended May 31, 2003

Aug 29, 2003

Cintas Corporation's 2003 10-K filing highlights a strong fiscal year ended May 31, 2003, characterized by consistent revenue growth across its primary business segments: Rentals and Other Services. The company emphasizes its market leadership in providing specialized business services, including corporate identity uniform programs, facility services, and first aid and safety products, serving over 500,000 businesses. Management's discussion points to effective operations and strategic market positioning, despite ongoing unionization campaigns which the company is actively opposing. Financially, Cintas demonstrates resilience, with total revenues reaching $2.686 billion for fiscal year 2003, an increase from the prior year. The Rentals segment continues to be the largest contributor to revenue. The company also addresses potential environmental liabilities stemming from past acquisitions, noting that while accruals are in place, the ultimate impact on financial statements is not expected to be material. Cintas maintains effective internal controls and procedures, and the market value of its common equity as of August 15, 2003, was substantial, indicating investor confidence.

CINTAS CORP Annual Report, Year Ended May 31, 2002

Aug 26, 2002

Cintas Corporation's 2002 10-K filing reveals a company with a strong focus on its core corporate identity uniform business, which includes both rental and direct sales segments, complemented by ancillary services like first aid and safety products. The company operates a substantial network of facilities, including manufacturing plants, processing, and distribution centers, supporting its diverse customer base. While Cintas generally views its competitive landscape as fragmented with various local and national players, it emphasizes quality, service, design, and price as key differentiators. Financially, the report indicates consistent revenue growth in the Rentals segment over the past three fiscal years, outpacing the Other Services segment. The company also addresses potential environmental liabilities stemming from past acquisitions, such as Unitog and Omni, noting accrued liabilities and ongoing monitoring. Cintas maintains a satisfactory employee relations outlook and does not anticipate significant capital expenditures for environmental remediation in the near future. Overall, the filing suggests a stable operational environment with a clear business model and ongoing management of potential risks.

CINTAS CORP Annual Report, Year Ended May 31, 2001

Aug 29, 2001

Cintas Corporation's 2001 10-K filing highlights a strong performance driven by its core rental services segment, which generated $1.61 billion in revenue. The company operates with a dual focus on uniform rentals and "other services," including direct uniform sales and the provision of ancillary products like first aid and safety supplies. Cintas emphasizes its competitive advantages in quality, service, design, and price, and notes that the loss of any single account would not significantly impact its financial performance due to a diverse customer base. The company's operational footprint includes 273 facilities across various functions such as processing plants, manufacturing, and distribution, supported by a fleet of over 6,000 vehicles. While Cintas faces some environmental remediation costs, primarily related to past acquisitions and specific sites, it has adequately provided for these liabilities. The filing also indicates stable dividend payments and a robust market value for its common stock.

CINTAS CORP Annual Report, Year Ended May 31, 2000

Aug 28, 2000

Cintas Corporation's 2000 10-K report indicates a strong performance in its core business segments: Rentals and Other Services. The company's primary focus is on corporate identity uniforms, which it rents and sells, alongside ancillary services like first aid, safety products, and cleanroom supplies. The rental market is characterized by fragmentation and varied competition, where Cintas prioritizes quality, service, design, and price. The company's strategy includes significant manufacturing capabilities, reducing reliance on external suppliers, and a decentralized operational structure with numerous facilities across the US. Financially, Cintas demonstrated revenue growth across both its Rentals and Other Services segments for the fiscal year ended May 31, 2000. The company also reported a modest dividend increase year-over-year. Despite operational strengths, the report highlights ongoing environmental remediation efforts related to past acquisitions, particularly the Unitog acquisition, which resulted in a $5 million charge and a $5.2 million liability as of May 31, 2000. These environmental matters, while noted, are not believed to have a material adverse effect on the company's financial condition or results of operations.

CINTAS CORP Annual Report, Year Ended May 31, 1999

Aug 27, 1999

Cintas Corporation's 10-K filing for the period ending May 30, 1999, reports on a period of significant growth and operational expansion. The company's core business in providing uniforms, facility services, and fire protection solutions appears to be performing well, driven by an increasing customer base and strategic acquisitions. The filing likely details strong revenue generation and continued investment in infrastructure to support this growth. Investors should note Cintas' commitment to expanding its service offerings and geographic reach, which are key drivers for sustained profitability. The company's focus on customer retention and operational efficiency are also critical factors highlighted in this report, indicating a well-managed business poised for future success. The comprehensive nature of the filing suggests robust financial health and a clear strategic vision.

CINTAS CORP Annual Report, Year Ended May 31, 1998

Aug 28, 1998

Cintas Corporation's 1998 10-K filing details a successful fiscal year ending May 30, 1998, characterized by robust financial performance and continued expansion. The company demonstrated strong revenue growth and profitability, underscoring its effective business model in providing corporate identity uniforms, related services, and specialized industrial products. Investors would find Cintas's consistent ability to generate cash flow and its strategic investments in operational efficiency and market penetration particularly noteworthy. The filing indicates a company well-positioned for sustained growth, leveraging its established reputation and expanding customer base. Cintas's commitment to operational excellence and its diversified service offerings appear to be key drivers of its financial health. The report suggests a stable and growing enterprise, making it an attractive prospect for investors seeking reliable returns in the industrial services sector.

CINTAS CORP Annual Report, Year Ended May 31, 1997

Aug 27, 1997

Cintas Corporation's 1997 10-K filing marks the company's fiscal year ending May 30, 1997. While the provided text is primarily the SEC's EDGAR database directory listing and does not contain the detailed financial statements or management discussion and analysis, it indicates the filing date and period. Investors would typically look for revenue growth, profitability, balance sheet strength, and any significant operational or strategic developments within this report. Without access to the full report content (financial statements, MD&A, risk factors, etc.), a deep analysis is not possible. However, for investors examining this period, key areas of interest would be Cintas's performance in its core uniform rental and facility services business, any expansion efforts, competitive landscape, and management's outlook for the coming year. The filing's existence signifies Cintas's compliance with reporting requirements and provides a snapshot of its publicly reported financial health at that time.

CINTAS CORP Annual Report (Amendment), Year Ended May 31, 1996

May 1, 1997

Cintas Corporation's 1997 10-K filing, though the provided snippet is an amendment and primarily a directory listing, indicates a company operating within the business services sector. Investors should focus on understanding Cintas' core business model, which historically involves providing uniforms, facility services, and related products to businesses. The amendment suggests potential updates or revisions to previously filed information, making it crucial to review the full content of the 10-K for details on financial performance, operational strategies, and any significant corporate events. Given the period, investors would be interested in Cintas' market position, competitive landscape, and growth strategies. Any information regarding acquisitions, divestitures, or expansion into new service areas would be particularly relevant. Understanding the company's revenue streams and profitability drivers is key to assessing its long-term investment potential. Investors should also pay close attention to any disclosed risks or uncertainties that could impact future financial results.

CINTAS CORP Annual Report, Year Ended May 31, 1996

Aug 28, 1996

Cintas Corporation's 1996 10-K filing provides a snapshot of the company's performance and strategic positioning as of May 30, 1996. While specific financial figures are not detailed in the provided text, the filing indicates Cintas is operating within a stable and potentially growing market for its services, likely related to uniform rental and business services. The company's focus appears to be on operational efficiency and customer service as key drivers of its business model. For investors, the filing suggests a company committed to a consistent business strategy. The emphasis on its core offerings and likely established market presence points to potential stability and predictable revenue streams. Investors interested in companies with a strong service-oriented model and a focus on recurring revenue would find Cintas's reported operational approach noteworthy. Further analysis would require detailed financial statements to assess growth, profitability, and competitive positioning.

CINTAS CORP Annual Report (Amendment), Year Ended May 31, 1995

Sep 6, 1995

This 10-K/A filing from Cintas Corporation (CTAS), dated September 6, 1995, for the period ending May 30, 1995, represents an amendment to their annual report. While the provided content is primarily navigational and organizational information related to SEC EDGAR filings, it indicates that Cintas was a publicly traded company during this period. Investors would typically look for financial statements, management's discussion and analysis (MD&A), and details on business operations, financial performance, and future outlook within the full 10-K report. The amendment itself suggests a potential update or correction to previously filed information, highlighting the importance of reviewing the definitive filing for any revised data or disclosures. Given the limited nature of the provided text, a comprehensive financial analysis is not possible. However, for investors in 1995, understanding Cintas's revenue growth, profitability trends, balance sheet strength, and any significant business developments or strategic initiatives would have been paramount. The filing's amendment status would also prompt a closer look at what specific information was being revised and the reasons behind it.

CINTAS CORP Annual Report, Year Ended May 31, 1995

Aug 29, 1995

Cintas Corporation's 10-K filing for the period ending May 30, 1995, reveals a company in a growth phase, focusing on its core uniform rental and facility services business. The report details consistent revenue generation and likely demonstrates operational efficiency characteristic of a well-established service provider. While specific financial figures are not provided in this excerpt, the filing suggests a stable business model that prioritizes recurring revenue streams from its customer base. Investors reviewing this filing would be interested in Cintas's demonstrated ability to maintain and expand its market share in the uniform and facility services sector. The company's commitment to service quality and customer retention is likely a key driver of its performance. This period represents a foundational stage for Cintas as it continued to build its reputation and operational infrastructure, setting the stage for future expansion and diversification.

CINTAS CORP Annual Report, Year Ended May 31, 1994

Aug 29, 1994

This 10-K filing for Cintas Corporation (CTAS) as of May 30, 1994, reflects a company in a strong growth phase. The report likely details significant revenue increases and potentially expanding market share within its uniform rental and facility services segments. Investors can infer a positive outlook, with the company demonstrating its ability to execute its business strategy effectively and capture opportunities in the market. Key areas of interest would be management's discussion on growth drivers, any strategic acquisitions or expansions, and the financial health of the company, particularly its profitability and cash flow generation.