CINTAS CORP Empirical Finance LLC holding in Q3 2024 Form 13-F

Cintas provides a range of products and services primarily focused on enhancing customer image and maintaining clean, safe facilities. The company's offerings include uniforms, mats, mops, restroom supplies, first aid and safety products, fire extinguishers, and safety training. Cintas operates mainly in the Uniform Rental and Facility Services segment, which covers rental and servicing of uniforms and related items, as well as restroom cleaning services. Additionally, the First Aid and Safety Services segment provides first aid products and services. Other operations include Fire Protection Services and Uniform Direct Sale.

Cintas operates in the U.S., Canada, and Latin America, serving over one million businesses. The company generates revenue through its two primary segments: Uniform Rental and Facility Services, and First Aid and Safety Services, with a significant portion of its income coming from the Uniform Rental and Facility Services segment. Its client base is diverse, with no single customer accounting for more than one percent of total revenue. Cintas faces competition from various national, regional, and local providers, as well as retailers and online companies.

Cintas's operational structure includes approximately 11,700 local delivery routes, 467 operational facilities, and 12 distribution centers. The company sources finished products from multiple suppliers and operates five manufacturing facilities for standard uniform needs. Key factors impacting Cintas's business performance include market competition, sourcing risks, and operational efficiency. The company derives over 90% of its revenue from U.S. operations.