MZTI FY 2007 Earnings Report — The Marzetti Company Revenue & Financial Results | Market Cap Arena

The Marzetti CompanyMZTI

FY 2007 Earnings

Reported August 28, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.2B	—	-7.2%
Op. Income	$100M	—	$115M	—	-13.0%
Gross Margin	17.7%	—	17.5%	—	0.3pp
Net Margin	4.2%	—	7.1%	—	-2.9pp
EPS (Diluted)	$1.45	—	$2.48	—	-41.5%
Free Cash Flow	$38M	—	$35M	—	9.4%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$898M
GROSS PROFIT	$194M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$91M
Other Expenses	$0
Operating Expenses	$91M
Cost & Expenses	$989M
OPERATING INCOME	$100M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$102M
Income Tax Expense	$37M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	-$19M
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$29M
EBIT	$103M
EBITDA	$131M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$898M
GROSS PROFIT	$194M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$91M
Other Expenses	$0
Operating Expenses	$91M
Cost & Expenses	$989M
OPERATING INCOME	$100M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$102M
Income Tax Expense	$37M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	-$19M
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$29M
EBIT	$103M
EBITDA	$131M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$29M
Stock-Based Compensation	$0
Deferred Income Tax	-$4M
Other Non-Cash Items	$27M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$94M
Capital Expenditure	-$56M
Acquisitions (Net)	-$23M
Purchases of Investments	-$5M
Sales/Maturities of Investments	$41M
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$33M
Net Debt Issuance	$43M
Common Stock Repurchased	-$66M
Common Dividends Paid	-$34M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$59M
FREE CASH FLOW	$38M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$8M
Short-Term Investments	$0
Net Receivables	$93M
Inventory	$150M
Other Current Assets	$28M
TOTAL CURRENT ASSETS	$279M
PP&E (Net)	$208M
Goodwill	$90M
Intangible Assets	$13M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$320M
TOTAL ASSETS	$598M
Account Payables	$48M
Short-Term Debt	$43M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$142M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$11M
TOTAL NON-CURRENT LIABILITIES	$12M
TOTAL LIABILITIES	$154M
Common Stock	$82M
Additional Paid-In Capital	$0
Retained Earnings	$937M
Treasury Stock	-$570M
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$444M
Minority Interest	$0
TOTAL EQUITY	$444M
TOTAL LIABILITIES & EQUITY	$598M
Total Debt	$43M
Net Debt	$34M