Atlanta-based Zep Inc. (NYSE: ZEP) reported sales for the second quarter ended Feb. 28, 2013, of $163.4 million, a 7.7 percent increase from the same period a year earlier. Profit increased 14.7 percent to $2.8 million.
For the first six months, sales were $321.4 million, an increase of 5.3 percent compared to the prior-year period. Profit increased 4.3 percent to $6.3 million.
"We are very pleased with our second quarter results," said John K. Morgan, chairman, president and CEO. "In the near term, we will continue to focus on the integration of Zep Vehicle Care, optimize our recent SAP implementation and utilize free cash flow to reduce debt."
