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OFFON

CINTAS CORPORATION

(CTAS)
  Report
Delayed Quote. Delayed Nasdaq - 10/15 04:00:00 pm
416.03 USD   -0.09%
10/14INSIDER SELL : Cintas
MT
10/08INSIDER SELL : Cintas
MT
10/07CINTAS : Management's discussion and analysis of financial condition and results of operations
AQ
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Cintas Corporation Announces Ambition to Achieve Net Zero GHG Emissions by 2050

09/09/2021 | 08:15am EDT

Cintas Corporation has announced its ambition to achieve Net Zero greenhouse gas (GHG) emissions by 2050. The company is also in the midst of a comprehensive, enterprise-wide review of its business model as it relates to environmental, social and governance (ESG) opportunities, improvements, and efficiencies. Cintas has been built on sustainable business practices, and the continuous improvement of its sustainability measures has been key to the company’s operational success over the years. As its business review continues for the next 12-18 months, Cintas expects to better define its ESG journey, including identifying strategies to reduce its Scope 1 and 2 GHG emissions and potential avenues to reduce Scope 3 GHG emissions from its supply chain. The review will also focus on opportunities to further reduce its overall environmental impact through continued reductions in energy, water, raw materials, and waste throughout its business. The company’s sustainable business practices date back to the company’s origins in 1929 when Doc and Amelia Farmer gathered dirty shop rags from local businesses that otherwise would’ve been thrown away, brought them home to wash them and sold the clean rags back to companies in the Cincinnati area. As the company grew, their grandson, Richard “Dick” Farmer, created a burgeoning uniform rental operation in 1959 that provided an easy, affordable, and sustainable option for companies to outfit their employees. Further business line expansions under CEOs Bob Kohlhepp (1996-2004) and Scott Farmer (2004-2021) into facility services, first aid and safety, and fire protection deepened the company’s sustainable business model. These provided product offerings based on reusing and recycling goods and reducing the use of natural resources, as well as the development of products and services to help customers keep their own facilities, employees, and facilities cleaner, safer, and healthier.


ę S&P Capital IQ 2021
All news about CINTAS CORPORATION
10/14INSIDER SELL : Cintas
MT
10/08INSIDER SELL : Cintas
MT
10/07CINTAS : Management's discussion and analysis of financial condition and results of operat..
AQ
10/07Tranche Update on Cintas Corporation's Equity Buyback Plan announced on July 27, 2021.
CI
10/05CINTAS : Virgin Voyages' Crew Apparel Created by Design Collective Sets Sail for Miami
BU
10/01WALL STREET STOCK EXCHANGE : Autumn cold snap
10/01ANALYST RECOMMENDATIONS : Acceleron Pharma, General Mills, Southwest Airlines, Home Depot,..
09/30CINTAS : Goldman Sachs Adjusts Cintas PT to $459 From $450, Maintains Buy Rating
MT
09/30CINTAS : Jefferies & Co Adjusts Cintas PT to $448 From $425, Maintains Buy Rating
MT
09/30CINTAS : BofA Securities Adjusts Cintas PT to $400 from $383, Keeps Neutral Rating
MT
More news
Analyst Recommendations on CINTAS CORPORATION
More recommendations
Financials (USD)
Sales 2022 7 653 M - -
Net income 2022 1 155 M - -
Net Debt 2022 2 268 M - -
P/E ratio 2022 38,3x
Yield 2022 0,95%
Capitalization 43 021 M 43 021 M -
EV / Sales 2022 5,92x
EV / Sales 2023 5,53x
Nbr of Employees 40 000
Free-Float 46,3%
Chart CINTAS CORPORATION
Duration : Period :
Cintas Corporation Technical Analysis Chart | CTAS | US1729081059 | MarketScreener
Technical analysis trends CINTAS CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 416,03 $
Average target price 405,45 $
Spread / Average Target -2,54%
EPS Revisions
Managers and Directors
Todd M. Schneider President, Chief Executive Officer & Director
J. Michael Hansen Chief Financial Officer & Executive Vice President
Scott Douglas Farmer Executive Chairman
Matt Hough Chief Information Officer & Vice President
Christy Nageleisen Chief Compliance Officer, VP-Environment & Social
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