Cintas Named a Fortune 500 Company for the Seventh Year in a Row
Cintas (Nasdaq: CTAS) has been named to the Fortune 500 list for the seventh consecutive year, improving its position to 437 from 473 in 2023.
This achievement is based on the company's fiscal year revenues, which reached $8.82 billion in 2023, a 12.2% increase over the previous year's $7.85 billion.
In the first three quarters of FY2024, Cintas reported revenues of $7.13 billion, a 9.17% increase over the same period in FY2023 ($6.531 billion). Cintas will release its full-year FY2024 results in July 2024.
CEO Todd Schneider credited the dedication of Cintas' employee-partners for this continued success, highlighting the company's commitment to customer satisfaction.
- Cintas improved its Fortune 500 ranking from 473 to 437.
- FY2023 revenues increased by 12.2% to $8.82 billion compared to $7.85 billion in FY2022.
- First three quarters of FY2024 revenues grew by 9.17% to $7.13 billion compared to $6.531 billion in the same period of FY2023.
- Recognition as a Fortune 500 company for seven consecutive years.
- The press release does not disclose full-year FY2024 results, creating uncertainty until the July 2024 report.
- Despite revenue growth, there is no mention of profit margins or net income, which are important for a comprehensive financial assessment.
The company's dedication to its more than 1 million customers contributed to improving its position in the annual rankings by Fortune
Cintas is named a Fortune 500 company for the seventh year in a row. (Photo: Business Wire)
To qualify for the Fortune 500 list, the magazine considers
Cintas' most recent complete fiscal year was 2023, which ended on May 31, 2023. During that year, the company recorded revenues of
“Maintaining our status as a Fortune 500 company for seven consecutive years is a testament to our dedicated employee-partners who consistently exceed our customers’ expectations,” said Todd Schneider, Cintas President and CEO. “We take great pride in delivering exceptional solutions to help our customers be ready for the workday and are thrilled to see that these results place us among the most successful and admired companies in the country.”
Cintas concluded its fiscal year 2024 on May 31, 2024, and will report on the full-year results in July 2024. In the first three quarters of disclosed FY’24 earnings, Cintas reported revenues of
About Cintas Corporation
Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing products and services that help keep their customers’ facilities and employees clean, safe, and looking their best. With offerings including uniforms, mats, mops, towels, restroom supplies, workplace water services, first aid and safety products, eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm service, Cintas helps customers get Ready for the Workday®. Headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240610390088/en/
Michelle Goret, Cintas Vice President of Corporate Affairs | goretm@cintas.com, 513-972-4155
Source: Cintas Corporation
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