Press release
Cintas Corporation rises on 2023 Forbes Global 2000 list
The Cincinnati-based business services company continues to be ranked among the largest companies in the world CINCINNATI--(BUSINESS WIRE)-- Cintas
About this update from Cintas Corporation
[{"type":"text","content":"\nThe Cincinnati-based business services company continues to be ranked among the largest companies in the world\n\n\n CINCINNATI--(BUSINESS WIRE)--\nCintas Corporation (Nasdaq: CTAS) has been named to 2023 Forbes’ Global 2000 list, which ranks the largest companies in the world. In 2023, Cintas was ranked No. 884 on the Global 2000 list, rising from No. 976 in 2022.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230907034035/en/Cintas has been named to 2023 Forbes' Global 2000 list. Cintas was ranked No. 884 on the Global 2000 list, rising from No. 976 in 2022. (Graphic: Business Wire)\nTo determine its Global 2000 ranking, Forbes uses data from FactSet Research Systems to screen the largest public global companies using four criteria: sales, profits, assets, and market value.\n\n\n“We have an intentionally strong culture, and it’s the foundation on which we grow our business,” said Todd Schneider, Cintas President and CEO. “We’re proud of the fact that we’ve grown our sales and profits 52 of the past 54 years. Our focus on delivering unmatched value and exceeding the expectations of our customers, our employee-partners and our shareholders has helped us grow a business that’s among the largest and most successful in the world.”\n\n\nTo create its 20th anniversary 2023 Global 2000 list, Forbes used the most recent 12 months of companies’ financial data that was available through May 5, 2023.\n\n\nCintas’ fiscal year begins on June 1, resulting in the company’s fiscal year 2022 fourth quarter, and its first, second and third quarters of fiscal year 2023 constituting Forbes’ data sample. Using those four quarters, Forbes calculated Cintas’ qualifying data as $8.61 billion in sales, $1.3 billion in profit, $8.47 billion in assets and a $47.43 billion market value for the previous 12 months ending May 5, 2023.\n\n\nCintas officially closed its fiscal year 2023 on May 31, 2023, and reported revenues of $8.82 billion, an increase of 12.2% over fiscal year 2022 revenues of $7.85 billion. Operating income for fiscal 2023 was $1.80 billion compared to $1.59 billion for fiscal 2022, an increase of 13.6%.\n\n\nAbout Cintas Corporation\n\n\nCintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day...