| Address:
|
1310 SEABOARD INDUSTRIAL BLVD.
|
| City: |
ATLANTA |
|
State: |
GA |
|
Zip Code: |
30318 |
| Telephone: |
(404) 352-1680 |
|
Description of Business
|
Primary SIC Code:
2842 |
| (As filed with the SEC)
|
|
|
Zep Inc. is a leading provider of cleaning and maintenance chemicals and related
products and services. We market our products and services under well recognized
brand names, some of which have been in existence since we were founded in
1937. For the fiscal year ended August 31, 2011, we generated net sales of
$646.0 million and net income of $17.4 million. As of August 31, 2011, we had
total assets of $403.8 million. We sell our products to more than 200,000
customers, which are located primarily in the United States (79% of fiscal 2011
net sales), Canada (12% of fiscal 2011 net sales), and Europe (9% of fiscal 2011
net sales). We became an independent, publicly owned company in 2007 after
having been spun-off by our former parent company. Our common stock is listed on
the New York Stock Exchange under the ticker symbol "ZEP."
We believe that the applicable market for our products and services in the
United States is approximately $19 billion. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 11/2011 | 0.72 | NA | 19.57 | | 08/2011 | 0.78 | 0.040 | 22.60 | | 05/2011 | 0.70 | 0.040 | 26.61 | | 02/2011 | 0.65 | 0.040 | 24.14 | | 11/2010 | 0.58 | 0.040 | 31.29 | | 08/2010 | 0.61 | 0.040 | 28.38 | | 05/2010 | 0.80 | 0.040 | 22.85 | | 02/2010 | 0.83 | 0.040 | 26.61 |
Key Financial Ratios and Statistics |
FYE:
08/31 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | 0.19 | Total Liab/Total Assets | 0.63 | | Net Inc/Total Assets | 0.04 | Total Liab/Inv Cap | 0.94 | | Net Inc/Inv Cap | 0.06 | Total Liab/Comm Equity | 2.73 | | Pretax Inc/Net Sales | 0.04 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | 0.03 | Curr Debt/Equity | 0.10 | | Cash Flow/Net Sales | 0.06 | LTD/Equity | 0.70 | | SG&A/NetSales | 0.42 | Total Debt/Equity | 0.80 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 6.37 | Quick Ratio | 1.03 | | Inventory Turnover | 6.00 | Current Ratio | 1.55 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.57 | | Net Sales/Work Cap | 9.99 | Inv/Curr Assets | 0.34 | | Net Sales/PP&E | 9.52 | | |
Income Statement (Millions) |
| |
11/30/2011
|
8/31/2011
|
5/31/2011
|
2/28/2011
|
|
Total Revenues(Net Sales)
|
153.50
|
173.78
|
167.92
|
146.84
|
|
Cost of Goods Sold
|
80.57
|
95.91
|
89.55
|
78.24
|
|
Selling & Admin Exps
|
65.52
|
70.61
|
66.78
|
63.81
|
|
Operating Income
|
7.41
|
7.26
|
11.59
|
4.71
|
|
Interest Exp
|
NA
|
NA
|
NA
|
NA
|
|
Pretax Income
|
5.56
|
5.77
|
9.95
|
3.12
|
|
Other Income
|
-0.42
|
0.01
|
-0.06
|
0.71
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
3.58
|
4.07
|
6.24
|
2.15
|
|
Assets
|
11/30/2011
|
8/31/2011
|
5/31/2011
|
2/28/2011
|
|
Cash & Short Term Investments
|
4.00
|
7.22
|
7.93
|
6.91
|
|
Receivables - Total
|
93.21
|
103.85
|
104.41
|
95.65
|
|
Inventories - Total
|
68.19
|
61.15
|
71.76
|
70.59
|
|
Total Current Assets
|
178.38
|
182.11
|
194.29
|
185.55
|
|
Net Property, Plant & Equipment
|
68.92
|
67.87
|
66.73
|
67.44
|
|
Total Assets
|
399.40
|
403.77
|
416.17
|
409.11
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
98.41
|
102.46
|
101.01
|
90.17
|
|
Debt in Current Liabilities
|
15.00
|
15.00
|
15.00
|
15.00
|
|
Total Current Liabilities
|
113.41
|
117.46
|
116.01
|
105.17
|
|
Long-Term Debt
|
104.58
|
104.65
|
126.73
|
138.40
|
|
Total Liabilities
|
249.71
|
254.65
|
272.41
|
274.03
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.22
|
0.22
|
0.22
|
0.22
|
|
Retained Earnings
|
41.67
|
38.97
|
35.78
|
30.40
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
149.69
|
149.12
|
143.76
|
135.07
|
|
Total Liabilities and Stockholders' Equity
|
399.40
|
403.77
|
416.17
|
409.11
|
Cash Flow Summary (Millions) |
|
Categories
|
11/30/2011
|
8/31/2011
|
5/31/2011
|
2/28/2011
|
|
Net Cash Provided by Operating Activities
|
1.65
|
25.26
|
14.60
|
-7.39
|
|
Net Cash Provided by Investing Activities
|
-3.72
|
-3.87
|
-2.01
|
-2.20
|
|
Net Cash Provided by Financing Activities
|
-0.89
|
-21.97
|
-12.05
|
0.52
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 08/2007 | 565.89 | 14.08 | -- | | 08/2008 | 574.72 | 16.32 | 0.77 | | 08/2009 | 501.03 | 9.26 | 0.43 | | 08/2010 | 568.51 | 13.50 | 0.61 | | 08/2011 | 645.97 | 17.40 | 0.78 | | Growth Rates | 3.36 | 5.43 | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 95 | 19,692 | 89.71 |
|
Report Date :
2/6/2012
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