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Zep Sales Up 4.3% in First Quarter

Maintenance and cleaning chemicals manufacturer Zep Inc. (NYSE: ZEP), Atlanta, GA, reported sales for the fiscal 2014 first quarter ended Nov. 30, 2013, of $164.9 million, an increase of 4.3 percent compared to the same period a year ago. Profit decreased 11 percent to $3.1 million.

The sales increase was due to increases in Zep's transportation business, primarily as a result of the inclusion of Zep Vehicle Care, which added $16.1 million to sales. The increase was partially offset by a decline in jan-san & institutional sales. Industrial/MRO ended the quarter essentially flat.

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