Cleaning & Restoration Breaking News

Minuteman International announces record sales

Operating results for the recent year were the best in Minuteman International Inc.’s 20-year history, the company announced. The year’s net income rose 13.0% on a 9.7% increase in sales. Much of the revenue gain was accounted for by strong demands from dealers and distributors across the United States – to $85,195,000 from $77,682,000. Yet, international sales in approximately 40 countries rose as well by 9.4% in spite of adversative effects of a strong dollar, principally in Europe.

According to Gregory J. Rau, Minuteman’s current president and CEO, the company’s financial condition moving forward, is more than enough to fund business or liquidity needs as they arise.

Rau sees great potential for the year ahead given that several large expenditures were made in 2000, such as plant improvements and computer software, that will not need to be repeated again in the near future. He also referred to the investment the company has made in rotational molding equipment, previously outsourced, which has been budgeted to produce savings in the area of 30-35% annually with complete payback in the next 12-18 months. In addition, a new Mitsubishi laser cutter reduces costs and increases productivity as well as quality and safety, the company stated.

Rau acknowledged that the outlook for the economy in general is somewhat cautious and the relationship of foreign currencies to the dollar in the future is uncertain, he believes the general expansion of the sanitary services industry, the boost received from new products, and Minuteman’s reputation worldwide will award the company with another favorable year.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.



Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.


Beginning April 21, Google will start judging websites based on their mobile friendliness. What exactly does this mean to you cleaning website? Find out in the latest edition of The Hitman Advertising Show, which will also cover tips and suggestions on getting mobile compliant.
More Podcasts

ICS Cleaning Specialist Magazine


2015 April

The April ICS issue features content on concrete polishing, green cleaning, air duct cleaning, injection sprayers and new products.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive


The Carpet Cleaner's Book of Unlimited Success! (ebook)

Don’t worry about the recession or about your competition.  Now you can be the owner of over 400 ways for carpet cleaning professionals to make more money and get more jobs!

More Products


Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view


facebook_40.png twitter_40px.png youtube_40px.png


Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view