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4-Traders Homepage  >  Equities  >  Nasdaq  >  Cintas Corporation    CTAS

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Cintas Corporation : Cintas Announces ENERGY STAR® Partnership

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02/03/2012 | 03:55pm CEST

New partnership to enhance environmental tracking capabilities, elevate sustainability commitment

Cintas Corporation (NASDAQ: CTAS) today announced it has partnered with the U.S. Environmental Protection Agency on its ENERGY STAR program. The program provides a strategic approach to energy management by tracking an organization's current energy-efficiency and future improvement. The focus on energy usage benefits both consumers and the environment by lowering utility bills and increasing the use of energy-efficient products and practices.

"We are pleased to join as a partner with EPA's ENERGY STAR program and will continue to take significant strides to further reduce energy consumption and encourage sustainability," said Glenn Larsen, Vice President of Quality & Engineering, Cintas. "Reducing our energy usage and environmental impact is a priority for Cintas and we are excited to track the impact of our ongoing efforts with the help of the ENERGY STAR program."

As a partner in the program, corporate level employees, site managers and field engineers will all gain a better understanding of how energy is being used at Cintas. The company will identify its energy-efficiency score by examining current energy use as well as areas that can be improved. More than 200,000 buildings across the country have adopted EPA's energy performance rating system, with the top performing buildings being recognized with the ENERGY STAR. With the program, Cintas will be able to set goals and track energy savings.

"Improving the energy efficiency of our nation's buildings is critical to protecting our environment," said Jean Lupinacci, Chief of the ENERGY STAR Commercial & Industrial Branch. "From the boiler room to the board room, ENERGY STAR partners are leading the way by making the buildings where we work, play and learn more efficient."

Introduced by EPA in 1992, ENERGY STAR is a voluntary program designed to recognize energy-efficient products and now commercial and industrial buildings. By choosing these sustainable solutions, consumers and organizations stand to gain cost savings in addition to reducing greenhouse gas emissions. In 2010, ENERGY STAR helped Americans save $18 billion on energy bills by encouraging the use of products that meet EPA's strict energy-efficiency requirements.

"Cintas continually strives to reduce our energy usage in the buildings we own and operate," said Pawan Kumar, Director of Technology and Energy, Cintas. "Partnering with the Energy Star program will further increase our accountability and will help us find ways to continuously improve our sustainability efforts," he added.

For more information about Cintas: http://www.cintas.com/

For more information about the ENERGY STAR program for commercial buildings: www.energystar.gov/buildings

About Cintas Corporation:

Headquartered in Cincinnati, Ohio, Cintas Corporation provides highly specialized services to businesses of all types. Cintas designs, manufactures and implements corporate identity uniform programs, and provides entrance mats, restroom supplies, promotional products, first aid and safety products, fire protection services and document management services to approximately 900,000 businesses. Cintas is a publicly held company traded over the Nasdaq National Market under the symbol CTAS, and is a Nasdaq-100 company and component of the Standard & Poor's 500 Index.

Mulberry Marketing Communications
Andi Vance, 312-664-1532
[email protected]


© Business Wire 2012
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Financials ($)
Sales 2017 5 387 M
EBIT 2017 821 M
Net income 2017 489 M
Debt 2017 3 086 M
Yield 2017 1,06%
P/E ratio 2017 27,23
P/E ratio 2018 24,98
EV / Sales 2017 3,03x
EV / Sales 2018 2,29x
Capitalization 13 252 M
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Average target price 131 $
Spread / Average Target 3,9%
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Scott Douglas Farmer Chairman & Chief Executive Officer
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