MZTI FY 2019 Earnings Report — The Marzetti Company Revenue & Financial Results | Market Cap Arena

The Marzetti CompanyMZTI

FY 2019 Earnings

Reported August 27, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.2B	—	6.9%
Op. Income	$191M	—	$172M	—	11.3%
Gross Margin	24.9%	—	24.8%	—	0.1pp
Net Margin	11.5%	—	11.1%	—	0.4pp
EPS (Diluted)	$5.47	—	$4.93	—	11.0%
Free Cash Flow	$127M	—	$130M	—	-2.3%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$982M
GROSS PROFIT	$326M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$150M
SG&A Expenses	$150M
Other Expenses	$0
Operating Expenses	$150M
Cost & Expenses	$1.1B
OPERATING INCOME	$191M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$196M
Income Tax Expense	$45M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$151M
D&A	$32M
EBIT	$176M
EBITDA	$208M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$982M
GROSS PROFIT	$326M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$150M
SG&A Expenses	$150M
Other Expenses	$0
Operating Expenses	$150M
Cost & Expenses	$1.1B
OPERATING INCOME	$191M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$196M
Income Tax Expense	$45M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$151M
D&A	$32M
EBIT	$176M
EBITDA	$208M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$151M
Depreciation & Amortization	$32M
Stock-Based Compensation	$6M
Deferred Income Tax	$7M
Other Non-Cash Items	-$15M
Change in Working Capital	$17M
OPERATING CASH FLOW	$198M
Capital Expenditure	-$71M
Acquisitions (Net)	-$55M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$617.0K
NET CASH FROM INVESTING	-$127M
Net Debt Issuance	$0
Common Stock Repurchased	-$7M
Common Dividends Paid	-$70M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$80M
FREE CASH FLOW	$127M
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$196M
Short-Term Investments	$0
Net Receivables	$76M
Inventory	$86M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$369M
PP&E (Net)	$247M
Goodwill	$208M
Intangible Assets	$70M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$537M
TOTAL ASSETS	$905M
Account Payables	$77M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$29M
TOTAL CURRENT LIABILITIES	$120M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$24M
Other Non-Current Liabilities	$35M
TOTAL NON-CURRENT LIABILITIES	$59M
TOTAL LIABILITIES	$179M
Common Stock	$123M
Additional Paid-In Capital	$123M
Retained Earnings	$1.4B
Treasury Stock	-$745M
Accum. Other Comp. Income	-$10M
Other Equity	-$123M
TOTAL STOCKHOLDERS' EQUITY	$727M
Minority Interest	$0
TOTAL EQUITY	$727M
TOTAL LIABILITIES & EQUITY	$905M
Total Debt	$0
Net Debt	-$196M