July 26, 2001 — CINCINNATI, OH — Despite a sluggish economy, Cintas Corporation saw its revenue and earnings go up for the 32nd consecutive year.
The garment company, which also provides cleanrooms servicesfirst aid products, entrance mats and sanitation supplies, this week reported a net income of $225.5 million this fiscal year, up 15 percent from $193.4 million in fiscal 2000. Total revenue was $2.16 billion, up 13.6 percent from $1.9 billion last year. Earnings this fiscal year were $1.30 per diluted share, a 14 percent increase over last year’s $1.14 per diluted share.
“It was a landmark year for Cintas, as we topped the $2 billion mark in revenue and $200 million mark in profit for the first time in our history,” said Richard T. Farmer, founder and president of Cintas. “We are pleased with these results given the slowing economy.”
The company also saw record fourth quarter growth with $563 million in revenue for the fiscal fourth quarter, up $11.5 percent from last year.
Cintas officials also remain optimistic about the coming year.
“Our outlook for fiscal 2002 is positive despite the economy’s overall sluggishness,” said Cintas CEO Robert J. Kohlhepp. “We continue to see opportunities to expand our customer base, leveraging our vast geographic presence and nationwide distribution and sales network.”