MZTI FY 2015 Earnings Report — The Marzetti Company Revenue & Financial Results | Market Cap Arena

The Marzetti CompanyMZTI

FY 2015 Earnings

Reported August 28, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.0B	—	6.1%
Op. Income	$155M	—	$154M	—	0.7%
Gross Margin	23.3%	—	23.9%	—	-0.5pp
Net Margin	9.2%	—	7.2%	—	2.0pp
EPS (Diluted)	$3.72	—	$2.74	—	35.8%
Free Cash Flow	$114M	—	$113M	—	1.2%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$847M
GROSS PROFIT	$258M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$103M
SG&A Expenses	$103M
Other Expenses	$0
Operating Expenses	$103M
Cost & Expenses	$950M
OPERATING INCOME	$155M
Interest Income	$0
Interest Expense	$309.0K
Other Income/Expenses	-$309.0K
INCOME BEFORE TAX	$155M
Income Tax Expense	$53M
Net Income from Continuing Ops	$102M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$102M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$21M
EBIT	$155M
EBITDA	$176M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$847M
GROSS PROFIT	$258M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$103M
SG&A Expenses	$103M
Other Expenses	$0
Operating Expenses	$103M
Cost & Expenses	$950M
OPERATING INCOME	$155M
Interest Income	$0
Interest Expense	$309.0K
Other Income/Expenses	-$309.0K
INCOME BEFORE TAX	$155M
Income Tax Expense	$53M
Net Income from Continuing Ops	$102M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$102M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$21M
EBIT	$155M
EBITDA	$176M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$102M
Depreciation & Amortization	$21M
Stock-Based Compensation	$3M
Deferred Income Tax	$306.0K
Other Non-Cash Items	-$1M
Change in Working Capital	$8M
OPERATING CASH FLOW	$133M
Capital Expenditure	-$18M
Acquisitions (Net)	-$92M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$112M
Net Debt Issuance	$0
Common Stock Repurchased	-$569.0K
Common Dividends Paid	-$50M
Other Financing Activities	$563.0K
NET CASH FROM FINANCING	-$50M
FREE CASH FLOW	$114M
Net Change in Cash	-$29M

Balance Sheet

Item	Amount
Cash & Equivalents	$182M
Short-Term Investments	$0
Net Receivables	$62M
Inventory	$78M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$330M
PP&E (Net)	$172M
Goodwill	$144M
Intangible Assets	$48M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$372M
TOTAL ASSETS	$702M
Account Payables	$39M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$22M
TOTAL CURRENT LIABILITIES	$75M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$24M
Other Non-Current Liabilities	$22M
TOTAL NON-CURRENT LIABILITIES	$47M
TOTAL LIABILITIES	$121M
Common Stock	$108M
Additional Paid-In Capital	$108M
Retained Earnings	$1.2B
Treasury Stock	-$736M
Accum. Other Comp. Income	-$10M
Other Equity	-$108M
TOTAL STOCKHOLDERS' EQUITY	$581M
Minority Interest	$0
TOTAL EQUITY	$581M
TOTAL LIABILITIES & EQUITY	$702M
Total Debt	$0
Net Debt	-$182M