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Based in Cincinnati, Ohio, the company supplies corporate identity uniforms, in addition to providing everything from entrance mats and restroom supplies to first aid and fire protection products. The company has more than 1 million customers across North America, ranging from independent businesses to larger chains. Before the pandemic took hold in the United States, the company was on a tear, consistently posting greater earnings quarter after quarter for more than a year. Cintas has mostly maintained that momentum, although like nearly every other business, it is not immune to the economic downturn of the pandemic. In July, the company reported a fiscal fourth quarter revenue of $1.62 billion, a 9.7% drop compared to the same time last year. But shares have risen 7.5% since the beginning of the year, a result of the company's strong response to customer demand for improving workplace safety in response to the pandemic. The company has boosted its portfolio in response to demand resulting from COVID-19, upping inventory and sales for personal protective equipment (PPE), office first aid kits, and automated external defibrillators (AED) and emergency eyewash products. Cintas is also offering safety training courses that can be completed both in a classroom or online setting.
Courtesy of Cintas
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