Cintas Corporation Announces Webcast for COVID-19 Coronavirus Update

CINCINNATI--()--Cintas Corporation (Nasdaq: CTAS) is an essential business and continues to provide necessary products and services to businesses to ensure they are READY™ to operate in this challenging environment during the COVID-19 pandemic. Specifically, we are providing our customers with clean garments, healthcare scrubs, microfiber towels and mops, disinfectant and sanitizer spray services, restroom supplies, personal protective equipment and numerous other products and services to help businesses keep their facilities clean and safe.

Scott D. Farmer, Cintas Chairman and Chief Executive Officer stated, “Our customers who have remained open need us now more than ever, and our employee-partners are working tirelessly to support them. The many letters from our customers to our employee-partners thanking them for service are additional proof of our customers’ appreciation of Cintas’ support during this difficult time.”

Mr. Farmer continued, “Many of our customers, however, have been closed or are operating in very limited ways. We look forward to them resuming operations and working with them so they can reopen their doors with confidence knowing their facilities are clean, safe and READY™ to serve their customers.”

The mandatory closure, and hopefully temporary, of many businesses has had an impact on our performance, and we have actively managed the business while being careful not to overreact. In early March, we eliminated discretionary spending and instituted a hiring freeze. Since that time, we have reduced executive officer compensation, implemented a wage freeze and have adjusted our workforce with a combination of reductions and furloughs.

Cintas’ consolidated balance sheet remains strong, with significant availability on our credit facility and no debt maturities in the next 12 months. Cintas is a strong cash flow business and has a track-record of cash generation in downturns, including the Great Recession.

Mr. Farmer concluded, “Cintas originated in the Great Depression, when our founders gathered discarded used rags, washed them and returned them to businesses. Cintas was founded on innovation, determination and care for our customers and employees. While the COVID-19 pandemic has been a shock to all of us, we are resilient and will get through this. Our track record supports this: we’ve grown revenue and profit 48 of the past 50 years. I am proud of our employee-partners and thank them for rising to this unprecedented challenge.”

Mr. Farmer and Executive Vice President and Chief Financial Officer Mike Hansen will conduct a conference call to provide a more detailed update on business operations. A live webcast of the call will be available to individual investors and the public beginning at 5:00 p.m., Eastern Time, on Wednesday, May 13, 2020. The webcast will be available at Click on the webcast icon and then follow instructions. For those unable to listen to the live webcast, a replay will be available on the Company's website beginning approximately two hours after the completion of the live call and will remain available for two weeks. Questions concerning the webcast or conference call should be directed to Leisha Smith at

About Cintas

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 a wide range of products and services that enhance our customers’ image and help keep their facilities and employees clean, safe and looking their best. With products and services including uniforms, floor care, restroom supplies, first aid and safety products, fire extinguishers and testing, and safety and compliance training, 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 the Nasdaq-100 Index.


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Leisha Smith


Leisha Smith