Specialized business service provider
) recently announced a reshuffle in some of its top leadership
roles in sales and operations to fortify it for further growth.
Cintas has promoted Todd Schneider from Senior Vice President of
Sales to President and Chief Operating Officer of the Rental
division, which generated 70% of total revenue during the last
reported quarter. Bob Mitchell, who was formerly Vice President -
Sales of Emerging Businesses, now occupies the position of Senior
Vice President - Sales of the Rental division.
Moreover, Jay Bruscato has been promoted from regional Vice
President of Sales to Vice President of the First Aid and Safety
division, which contributed 10% to the company's total revenue
during the last quarter.
Cintas believes that its strategy of reorganizing some of the key
management roles will facilitate in consolidating its position as
one of the best companies in the industry. The enterprise
believes that these leaders, through their marketing and
operational expertise, will boost revenues and drive operational
Cintas anticipates record revenues in fiscal 2013 and the
strategic move of reshuffling its top leaders is likely to help
in this endeavor.
Cintas classifies its businesses into two operating segments -
Rental Uniforms and Ancillary Products, and Other Services. Other
Services consists of Uniform Direct Sales, First Aid, Safety and
Fire Protection, and Document Management. The company reported
relatively modest fiscal 2013 third-quarter results with a 6.3%
year-over-year increase in revenue.
Cintas currently has a Zacks Rank #3 (Hold). Better performing
companies in the industrial product sector include
AO Smith Corp.
CECO Environmental Corp.
), all of which have a Zacks Rank #1 (Strong Buy).
SMITH (AO) CORP (AOS): Free Stock Analysis
CECO ENVIRNMNTL (CECE): Free Stock Analysis
CINTAS CORP (CTAS): Free Stock Analysis
GRACO INC (GGG): Free Stock Analysis Report
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