MZTI FY 2011 Earnings Report — The Marzetti Company Revenue & Financial Results | Market Cap Arena

The Marzetti CompanyMZTI

FY 2011 Earnings

Reported August 29, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.1B	—	3.2%
Op. Income	$147M	—	$174M	—	-15.6%
Gross Margin	22.2%	—	25.6%	—	-3.3pp
Net Margin	9.8%	—	10.9%	—	-1.1pp
EPS (Diluted)	$3.84	—	$4.07	—	-5.7%
Free Cash Flow	$112M	—	$95M	—	18.2%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$848M
GROSS PROFIT	$242M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$95M
Other Expenses	$0
Operating Expenses	$95M
Cost & Expenses	$943M
OPERATING INCOME	$147M
Interest Income	$114.0K
Interest Expense	$0
Other Income/Expenses	$15M
INCOME BEFORE TAX	$162M
Income Tax Expense	$55M
Net Income from Continuing Ops	$106M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$106M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$106M
D&A	$19M
EBIT	$147M
EBITDA	$166M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$848M
GROSS PROFIT	$242M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$95M
Other Expenses	$0
Operating Expenses	$95M
Cost & Expenses	$943M
OPERATING INCOME	$147M
Interest Income	$114.0K
Interest Expense	$0
Other Income/Expenses	$15M
INCOME BEFORE TAX	$162M
Income Tax Expense	$55M
Net Income from Continuing Ops	$106M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$106M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$106M
D&A	$19M
EBIT	$147M
EBITDA	$166M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$106M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$11M
Other Non-Cash Items	-$1M
Change in Working Capital	$12M
OPERATING CASH FLOW	$147M
Capital Expenditure	-$35M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$415.0K
NET CASH FROM INVESTING	-$36M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$43M
Common Dividends Paid	-$36M
Other Financing Activities	$479.0K
NET CASH FROM FINANCING	-$80M
FREE CASH FLOW	$112M
Net Change in Cash	$31M

Balance Sheet

Item	Amount
Cash & Equivalents	$132M
Short-Term Investments	$0
Net Receivables	$64M
Inventory	$112M
Other Current Assets	$25M
TOTAL CURRENT ASSETS	$333M
PP&E (Net)	$185M
Goodwill	$90M
Intangible Assets	$8M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$289M
TOTAL ASSETS	$622M
Account Payables	$43M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$24M
TOTAL CURRENT LIABILITIES	$76M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$15M
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$28M
TOTAL LIABILITIES	$105M
Common Stock	$97M
Additional Paid-In Capital	$0
Retained Earnings	$1.2B
Treasury Stock	-$723M
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$518M
Minority Interest	$0
TOTAL EQUITY	$518M
TOTAL LIABILITIES & EQUITY	$622M
Total Debt	$0
Net Debt	-$132M