July 10, 2001

Cintas Corporation Posts 32nd Consecutive Year of Growth in Revenue and Earnings

· Record Fourth Quarter 2001 Revenue and Earnings
· Fourth Quarter 2001 EPS Up 13 percent
· Annual Revenue Top $2.1 billion

CINCINNATI, OH, JULY 10, 2001 - Cintas Corporation (Nasdaq: CTAS) today reported record earnings of $.35 per diluted share for its fiscal 2001 fourth quarter ending May 31, up 13 percent from last year. The company also reported record revenue for the fiscal fourth quarter of $563 million, an increase of 11.5 percent from last year's $505 million.

"It was a landmark year for Cintas, as we topped the $2 billion mark in revenue and $200 million mark in profit for the first time in our history," said Cintas Chairman and Founder Richard T. Farmer. "We are pleased with these results given the slowing economy."

RECORD FOURTH QUARTER GROWTH
Net income for the quarter increased to $60.2 million, up 14 percent from $52.8 million over last year.

"We continue to see growth in all of our businesses despite the sluggish economy," said Cintas Chief Executive Officer Robert J. Kohlhepp.
Mr. Kohlhepp continued, "Cintas grew 13 percent in its rental business while our other service revenues were up a disappointing 8 percent due in large part to the fact that many customers postponed purchases. We believe those customers will resume their purchases once the economy turns around. In total, our revenues increased 11.5 percent due in large part to the Company's continued market expansion efforts targeting companies that do not currently have uniform programs. Each year the majority of our new customers are companies that never used uniform and related rental services before."

2001: A RECORD YEAR
For the fiscal year, the company reported earnings of $1.30 per diluted share, up 14.0 percent from $1.14 per diluted share in 2000. Total revenue was $2.16 billion, an increase of 13.6 percent from $1.9 billion last year. Net income was $222.5 million, up 15.0 percent from $193.4 million in fiscal 2000.

"The economic slowdown has forced many of our existing customers to reduce their workforces in the last two quarters," Mr. Kohlhepp said. "Our investment in sales and marketing, however, has paid off resulting in double-digit increases in revenue growth for the quarter."

OUTLOOK IS POSITIVE
"Our outlook for fiscal 2002 is positive despite the economy's overall sluggishness," said Mr. Kohlhepp. "We expect revenue for fiscal 2002 in the range of $2.43 billion to $2.48 billion, with full year earnings per share (diluted) in the range of $1.48 to $1.53, with higher growth rates in the last half of the fiscal year." Mr. Kohlhepp continued, "We continue to see opportunities to expand our customer base, leveraging our vast geographic presence and nationwide distribution and sales network. Our belief in the "power of the uniform" is a driving force in the marketplace, and we are enthused about our ability to continue to grow this company at an exciting pace."

ABOUT CINTAS
Headquartered in Cincinnati, Ohio, Cintas Corporation is a leader in the corporate identity uniform industry, and also provides a wide range of ancillary services including entrance mats, sanitation supplies, cleanroom services and first aid products and services. Cintas is a publicly held company traded over the Nasdaq National Market under the symbol CTAS. Cintas' stock is a component of the Standard & Poor's 500 Index. Cintas was recently ranked No.1 among outsourcing services companies in Fortune Magazine's survey on "America's Most Admired Companies."

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 provides a safe harbor from civil litigation for forward-looking statements. This news release contains forward-looking statements that reflect the Company's current views as to future events and financial performance with respect to its operations. These statements are subject to risks and uncertainties which could cause actual results to differ materially from those set forth in this press release. Factors that might cause such a difference include the possibility of greater than anticipated operating costs, lower sales volumes, the performance and costs of integration of acquisitions, fluctuations in costs of materials and labor, the outcome of pending environmental matters, higher assumed sourcing or distribution costs of products and the reactions of competitors in terms of price and service. Forward-looking statements speak only as of the date made. Cintas undertakes no obligation under the Act to update any forward-looking statements to reflect the events or circumstances arising after the date on which they are made.

For additional information, contact:

William C. Gale
Vice President-Finance and CFO
513/573-4211

Karen L. Carnahan
Vice President and Treasurer
513/573-4013

Cintas Corporation Consolidated Condensed Statements of Income (Unaudited) (In thousands except per share data)
	Three Months Ended			Twelve Months Ended
	May 31, 2001	May 31, 2000	% Chng.	May 31, 2001	May 31, 2000	% Chng.
Revenue:
Rentals	$422,093	$374,910	12.6	$1,610,606	$1,424,892	13.0
Other services	140,873	129,928	8.4	550,094	477,099	15.3
Total revenue	$562,966	$504,838	11.5	$2,160,700	$1,901,991	13.6
Costs and expenses (income):
Cost of rentals	$230,776	$207,407	11.3	$896,539	$807,301	11.1
Cost of other services	96,480	86,909	11.0	367,894	315,138	16.7
Selling and admin. expenses	136,859	123,206	11.1	529,063	456,628	15.9
Interest income	(1,058)	(1,267)	(16.5)	(4,369)	(4,742)	(7.9)
Interest expense	3,400	3,892	(12.6)	15,119	15,907	(5.0)
Total costs and expenses	$466,457	$420,147	11.0	$1,804,246	$1,590,232	13.5

Income before income taxes	96,509	84,691	14.0	356,454	311,759	14.3
Income taxes	36,350	31,866	14.1	134,003	118,372	13.2
Net income	$60,159	$52,825	13.9	$222,451	$193,387	15.0

Per share data:
Basic earnings per share	$.36	$.32	12.5	$1.32	$1.16	13.8
Diluted earnings per share	$.35	$.31	12.9	$1.30	$1.14	14.0

Basic shares outstanding	169,206	167,498		168,779	167,067
Diluted shares outstanding	171,822	170,013		171,629	169,987

CINTAS CORPORATION SUPPLEMENTAL DATA
	Three Months Ended			Twelve Months Ended
	May 31, 2001	May 31, 2000	% Chng.	May 31, 2001	May 31, 2000	% Chng.
EBIT	$98,851	$87,316	13.2	$367,204	$322,924	13.7
EBIT/revenue	17.6%	17.3%		17.0%	17.0%
EBITDA	$127,993	$113,125	13.1	$479,293	$422,437	13.5
EBITDA/revenue	22.7%	22.4%		22.2%	22.2%
Rental gross margin	45.3%	44.7%		44.3%	43.3%
Other services gross margin	31.5%	33.1%		33.1%	33.9%
Total gross margin	41.9%	41.7%		41.5%	41.0%
Net margin	10.7%	10.5%		10.3%	10.2%

Depreciation and amortization	$29,142	$25,809	12.9	$112,089	$99,513	12.6
Capital expenditures	$33,635	$37,198	(9.6)	$147,444	$161,432	(8.7)

Debt to Equity	16.4%	20.6%		16.4%	20.6%

Cintas Corporation Consolidated Condensed Balance Sheets (Unaudited) (In thousands except share data)
	May 31, 2001	May 31, 2000

ASSETS
Current assets:
Cash and cash equivalents	$73,724	$52,182
Marketable securities	36,505	57,640
Accounts receivable, net	244,450	225,735
Inventories	214,349	164,906
Uniforms and other rental items in service	242,172	213,770
Prepaid expenses	8,470	7,237
Total current assets	819,670	721,470

Property, plant and equipment, at cost, net	702,132	642,507
Other assets	230,422	217,365
	$1,752,224	$1,581,342

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$42,495	$50,976
Accrued liabilities	130,100	118,198
Deferred income taxes	57,703	49,614
Long-term debt due within one year	20,605	16,604
Total current liabilities	250,903	235,392

Long-term debt due after one year	220,940	254,378
Deferred income taxes	49,066	48,696
Shareholders’ equity:
Preferred stock, no par value, 100,000 shares authorized, none outstanding	-	-
Common stock, no par value, 425,000,000 shares authorized, 169,370,563 shares issued and outstanding (168,281,506 at May 31, 2000)	62,409	54,738
Retained earnings	1,174,330	992,450
Foreign currency translation adjustment	(5,424)	(4,312)
Total shareholders' equity	1,231,315	1,042,876

	$1,752,224	$1,581,342

Cintas Corporation Consolidated Condensed Statements of Cash Flows (unaudited) (In thousands)
	Twelve Months Ended
	May 31, 2001	May 31, 2000
Cash flows from operating activities:

Net income	$222,451	$193,387

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	90,239	78,516
Amortization of deferred charges	21,850	20,997
Deferred income taxes	8,497	17,379
Change in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable	(16,486)	(19,259)
Inventories	(48,693)	(22,976)
Uniforms and other rental items in service	(28,471)	(14,425)
Prepaid expenses	(1,160)	(938)
Accounts payable	(10,107)	(600)
Accrued compensation and related liabilities	6,666	2,270
Accrued liabilities	2,172	3,681
Net cash provided by operating activities	246,958	258,032

Cash flows from investing activities:

Proceeds from divestiture of certain facilities	1,400	25,722
Capital expenditures	(147,444)	(161,432)
Proceeds from sale or redemption of marketable securities	61,609	112,908
Purchase of marketable securities	(40,474)	(98,233)
Acquisitions of businesses, net of cash acquired	(30,535)	(24,982)
Other	(5,965)	(10,921)
Net cash used in investing activities	(161,409)	(156,938)

Cash flows from financing activities;

Proceeds from issuance of long-term debt	230	140,739
Repayment of long-term debt	(33,634)	(177,651)
Stock options exercised	5,992	3,399
Dividends paid	(37,173)	(31,249)
Other	578	47
Net cash used in financing activities	(64,007)	(64,715)

Net decrease/increase in cash and cash equivalents	21,542	36,379
Cash and cash equivalents at beginning of period	52,182	15,803
Cash and cash equivalents at end of period	$73,724	$52,182

For further information
William C. Gale,
Vice President - Finance and CFO, 513-573-4211, or
Karen L. Carnahan,
Vice President and Treasurer, 513-573-4013,
both of Cintas Corporation
Web site: http://www.cintas.com