MZTI FY 2009 Earnings Report — The Marzetti Company Revenue & Financial Results | Market Cap Arena

The Marzetti CompanyMZTI

FY 2009 Earnings

Reported August 26, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.1B	—	$981M	—	7.2%
Op. Income	$130M	—	$75M	—	72.1%
Gross Margin	20.5%	—	16.0%	—	4.5pp
Net Margin	8.5%	—	3.8%	—	4.6pp
EPS (Diluted)	$3.18	—	$1.28	—	148.4%
Free Cash Flow	$122M	—	$76M	—	59.3%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$836M
GROSS PROFIT	$215M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$84M
Other Expenses	$0
Operating Expenses	$84M
Cost & Expenses	$920M
OPERATING INCOME	$130M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$137M
Income Tax Expense	$48M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$22M
EBIT	$138M
EBITDA	$160M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$836M
GROSS PROFIT	$215M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$84M
Other Expenses	$0
Operating Expenses	$84M
Cost & Expenses	$920M
OPERATING INCOME	$130M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$137M
Income Tax Expense	$48M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$22M
EBIT	$138M
EBITDA	$160M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$89M
Depreciation & Amortization	$22M
Stock-Based Compensation	$0
Deferred Income Tax	$4M
Other Non-Cash Items	-$4M
Change in Working Capital	$23M
OPERATING CASH FLOW	$133M
Capital Expenditure	-$11M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$362.0K
NET CASH FROM INVESTING	-$11M
Net Debt Issuance	-$60M
Common Stock Repurchased	-$17M
Common Dividends Paid	-$32M
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$103M
FREE CASH FLOW	$122M
Net Change in Cash	$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$38M
Short-Term Investments	$0
Net Receivables	$61M
Inventory	$103M
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$223M
PP&E (Net)	$171M
Goodwill	$90M
Intangible Assets	$11M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$276M
TOTAL ASSETS	$498M
Account Payables	$41M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$75M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$5M
Other Non-Current Liabilities	$17M
TOTAL NON-CURRENT LIABILITIES	$21M
TOTAL LIABILITIES	$96M
Common Stock	$89M
Additional Paid-In Capital	$0
Retained Earnings	$998M
Treasury Stock	-$676M
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$403M
Minority Interest	$0
TOTAL EQUITY	$403M
TOTAL LIABILITIES & EQUITY	$498M
Total Debt	$0
Net Debt	-$38M