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Zep Sales Up 15% in 2Q

Atlanta, GA-based Zep Inc. (NYSE: ZEP), a manufacturer of a wide range of cleaning and maintenance solutions, reported sales for the second quarter ended Feb. 28, 2011, of $146.8 million, an increase of 15 percent compared to the same period the prior year. Profit was $2.15 million, compared to year-ago profit of $738,000.

For the first six months of fiscal 2011, sales were $304.3 million, an increase of 20 percent. Profit increased 15 percent to $7.09 million.

"The business delivered significant top- and bottom-line expansion due to continued strong performance from our acquired platforms as well as growth in our legacy operations," said John K. Morgan, president and CEO. "Revenue from a number of the end markets we serve – specifically industrial, food and transportation – showed noteworthy improvement when compared to the year-earlier period."

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