CINCINNATI – For the seventh consecutive year, Cintas Corporation (Nasdaq: CTAS) has been named to the Fortune 500. Cintas' position on this year's list rose to 437 from a previous ranking of 473 in 2023.
To qualify for the Fortune 500 list, the magazine considers U.S.-based companies that submit financial statements to a government agency. Companies are then ranked based on their total revenues for their respective fiscal years as of January 31, 2024.
Cintas' most recent complete fiscal year was 2023, which ended on May 31, 2023. During that year, the company recorded revenues of $8.82 billion, showing a 12.2% increase from its fiscal year 2022 performance of $7.85 billion.
"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 $7.13 billion. This amount exceeded the equivalent FY'23 revenues of $6.531 billion by 9.17%.
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 Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor's 500 Index and Nasdaq-100 Index.