Need Help? (888) 742-5060

In The News:

Zep Sales Increase 10% in Third Quarter

Atlanta, GA-based Zep Inc. (NYSE: ZEP), a producer of a wide range of cleaning and maintenance solutions, reported sales for the third quarter ended May 31, 2011, were $168 million, an increase of 9.7 percent over the same period a year ago. Profit increased 19.3 percent to $6.2 million.

Fiscal year-to-date, sales were $472.2 million, up 16 percent in a year-over-year comparison. Profit increased 16.7 percent to $13.3 million.

“Like most manufacturers, we have been experiencing rising costs of raw materials, which we attempt to offset as much as possible through improved efficiencies and fixed cost reductions; however, the magnitude of commodity cost increases necessitated price increases to our customers,” said John K. Morgan, president and CEO. “Price increases enacted in the direct sales and service channel were successful in offsetting the impact of rising costs of raw materials on gross profit this quarter. However, we will not begin realizing the benefit from price increases initiated in the retail and distribution channels until the fourth quarter of fiscal 2011."

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center