- Top Distributors Lists
- Market Research
- Free Reports
Zep Inc. (NYSE: ZEP), Atlanta, GA, reported sales for the third quarter ended May 31, 2010, were $153 million, a 24.4 percent increase over the prior year period. Profit declined 3.7 percent to $5.2 million. Acquisition-related revenues, primarily a result of the Amrep acquisition, comprised $29.3 million of the current quarter's sales.
Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.
For the first nine months of fiscal 2010, sales were $407.1 million, up 11 percent from a year ago. Profit was $11.4 million, compared to $2.9 million for the first nine months of fiscal 2009.
"Even though some of the macro-economic indicators have improved or stabilized, demand remains soft across a number of our end-markets," said John K. Morgan, president and CEO.
Zep Inc. is a manufacturer of cleaning and maintenance products for commercial, industrial, institutional, and consumer end-markets.