MZTI FY 2020 Earnings Report — The Marzetti Company Revenue & Financial Results | Market Cap Arena

The Marzetti CompanyMZTI

FY 2020 Earnings

Reported August 27, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.3B	—	2.0%
Op. Income	$176M	—	$191M	—	-7.8%
Gross Margin	26.8%	—	24.9%	—	1.9pp
Net Margin	10.3%	—	11.5%	—	-1.2pp
EPS (Diluted)	$4.97	—	$5.47	—	-9.1%
Free Cash Flow	$88M	—	$127M	—	-30.5%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$976M
GROSS PROFIT	$358M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$181M
Other Expenses	$1M
Operating Expenses	$182M
Cost & Expenses	$1.2B
OPERATING INCOME	$176M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$179M
Income Tax Expense	$42M
Net Income from Continuing Ops	$137M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$38M
EBIT	$177M
EBITDA	$215M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$976M
GROSS PROFIT	$358M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$181M
Other Expenses	$1M
Operating Expenses	$182M
Cost & Expenses	$1.2B
OPERATING INCOME	$176M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$179M
Income Tax Expense	$42M
Net Income from Continuing Ops	$137M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$38M
EBIT	$177M
EBITDA	$215M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$137M
Depreciation & Amortization	$38M
Stock-Based Compensation	$6M
Deferred Income Tax	$11M
Other Non-Cash Items	-$274.0K
Change in Working Capital	-$21M
OPERATING CASH FLOW	$171M
Capital Expenditure	-$83M
Acquisitions (Net)	$129.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$752.0K
NET CASH FROM INVESTING	-$83M
Net Debt Issuance	$0
Common Stock Repurchased	-$5M
Common Dividends Paid	-$76M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$86M
FREE CASH FLOW	$88M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$198M
Short-Term Investments	$0
Net Receivables	$87M
Inventory	$85M
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$386M
PP&E (Net)	$316M
Goodwill	$208M
Intangible Assets	$65M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$608M
TOTAL ASSETS	$993M
Account Payables	$71M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$33M
TOTAL CURRENT LIABILITIES	$126M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$35M
Other Non-Current Liabilities	$29M
TOTAL NON-CURRENT LIABILITIES	$84M
TOTAL LIABILITIES	$210M
Common Stock	$125M
Additional Paid-In Capital	$0
Retained Earnings	$1.4B
Treasury Stock	-$751M
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$783M
Minority Interest	$0
TOTAL EQUITY	$783M
TOTAL LIABILITIES & EQUITY	$993M
Total Debt	$27M
Net Debt	-$171M