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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cintas Corporation    CTAS

CINTAS CORPORATION

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Cintas Corporation : Cintas Flags Down the Road's Worst Driving Offenders

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01/09/2013 | 09:50am EST

Cintas offers tips to encourage safe driving

According to the National Highway Traffic Safety Administration (NHTSA), an estimated 32,310 motor vehicle traffic fatalities occurred in 2011. 1 With snowfall and the potential for icy roads now part of many forecasts, it's even more important for drivers to be cautious and follow the rules of the road. To remind commuters to avoid hazardous driving behaviors, Cintas Corporation (NASDAQ: CTAS), a leader in first-aid and safety products, has identified the seven worst driving offenders.

"Many drivers on our nation's roads and highways pose a safety threat to themselves and others," said Nancy Petersen, Senior Marketing Manager, Cintas First Aid & Safety. "Learning the dangers of bad driving habits is the first step in breaking drivers of risky behaviors and preparing them for the road ahead."

The seven worst driving offenders are:

1. The Beauty Queen - Women have been known to occasionally apply lipstick, mascara and even nail polish while driving. But without both hands on the wheel and eyes on the road, it's easy to lose control of a vehicle. To avoid a fender bender and a botched makeup application, drivers should leave beauty products in their purses at all times.

2. The Hungry Commuter - Eating while driving is yet another habit that results in hands-free driving. Hungry commuters are often involved in accidents or near misses because they can't react quickly to sharp curves or properly handle lane changes. Drivers should take time to eat before they drive or plan a roadside stop in order to grab a meal.

3. The Tech-Obsessed - Although many states have laws prohibiting or limiting texting or talking on cell phones, drivers still obsess over gadgets like phones, GPS systems and music controls in cars. The Centers for Disease Control and Prevention (CDC) reports that 25 percent of drivers in the U.S. admitted to "regularly or fairly often" talking on cell phones while behind the wheel. 2 Drivers should refrain from these activities since reflexes are slowed when their attention is on technology.

4. The Sleepy Traveler - Oftentimes commuters refuse to pull to the side of the road when they feel tired, choosing instead to drive. In fact, a 2011 poll by the AAA Foundation found that nearly a third of drivers admitted to driving when they had trouble keeping their eyes open. 3 Drowsy driving has even been likened to drunk driving because it impairs reaction time and judgment. Sleepy drivers should look for a rest stop if they feel unable to keep their eyes open and concentrate on the road.

5. The Daydreamer - These drivers are often lost in their own thoughts and thinking about everything but driving. According to the CDC, nearly 15 people die each day in the U.S. in car crashes that involve distracted driving. 4 Focusing on the road, rather than the destination, personal problems or to-dos will keep daydreamers' heads out of the clouds.

6. The Road Rager - Road ragers are far from courteous. They tailgate, cut others off and become angry easily. To curb their emotions, drivers should allow themselves enough time to reach their destination and have patience with others on the road. If commuting via car is too stressful, they should take a mental break at a rest stop or consider alternate routes of transportation.

7. The Rule Breaker - According to the Governors Highway Safety Association (GHSA), speed is involved in about one third of traffic deaths each year, and is a problem that has seen little improvement over the past 30 years. 5 Rule breakers are those who don't wear seatbelts, frequently speed and ignore important signs and signals. To avoid costly tickets and car accidents, drivers must take proper precaution by fastening seatbelts, watching their speed and taking note of stop signs and red lights.

"With defensive driving training, workers will be more inclined to keep their eyes on the road, their hands on the wheel and their mind on safe driving behaviors," added Petersen. "To keep employees safe when they're not in their vehicles, we also offer a wide array of safety training courses to increase knowledge of CPR, fire extinguishers, bloodborne pathogens and other important topics."

For more information on first-aid and safety solutions from Cintas, please visit www.cintas.com/firstaidsafety.

About Cintas Corporation:

Headquartered in Cincinnati, Cintas Corporation provides highly specialized services to businesses of all types primarily throughout North America. Cintas designs, manufactures and implements corporate identity uniform programs, and provides entrance mats, restroom cleaning and supplies, tile and carpet cleaning, promotional products, first aid, safety, fire protection products and services and document management services for more than 1 million businesses. Cintas is a publicly held company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of the Standard & Poor's 500 Index.

Sources:

1http://www-nrd.nhtsa.dot.gov/Pubs/811604.pdf

2 http://www.cdc.gov/features/dsdistracteddriving/

3 http://www.aaafoundation.org/pdf/2011TSCPR.pdf

4 http://www.cdc.gov/motorvehiclesafety/distracted_driving/index.html

5 http://www.ghsa.org/html/media/pressreleases/2012/20120308_speed.html

Mulberry Marketing Communications
Jess Messenger, 312-664-1532
jmessenger@mulberrymc.com


© Business Wire 2013
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Financials (USD)
Sales 2020 7 329 M
EBIT 2020 1 287 M
Net income 2020 952 M
Debt 2020 2 567 M
Yield 2020 0,84%
P/E ratio 2020 32,7x
P/E ratio 2021 29,9x
EV / Sales2020 4,43x
EV / Sales2021 4,16x
Capitalization 29 897 M
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Number of Analysts 15
Average target price 277,83  $
Last Close Price 288,16  $
Spread / Highest target 14,5%
Spread / Average Target -3,58%
Spread / Lowest Target -48,3%
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Scott Douglas Farmer Chairman & Chief Executive Officer
Todd M. Schneider Chief Operating Officer & Executive Vice President
J. Michael Hansen CFO, Principal Accounting Officer & Executive VP
Matt Hough Chief Information Officer & Vice President
Richard T. Farmer Chairman-Emeritus
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