Last $15.59 USD
Change Today -0.01 / -0.06%
Volume 31.7K
ZEP On Other Exchanges
Symbol
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

zep inc (ZEP) Snapshot

Open
$15.56
Previous Close
$15.60
Day High
$15.74
Day Low
$15.41
52 Week High
12/27/13 - $19.63
52 Week Low
10/13/14 - $13.00
Market Cap
359.9M
Average Volume 10 Days
98.8K
EPS TTM
$0.60
Shares Outstanding
23.1M
EX-Date
10/14/14
P/E TM
25.8x
Dividend
$0.20
Dividend Yield
1.28%
Current Stock Chart for ZEP INC (ZEP)

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zep inc (ZEP) Details

Zep Inc. produces and markets cleaning and maintenance chemicals, and related products and services for the commercial, industrial, and institutional markets in North America and Europe. It offers anti-bacterial and industrial hand care products, cleaners, degreasers, deodorizers, disinfectants, floor finishes, sanitizers, pest- and weed-control products, air-care products and delivery systems, and various automotive maintenance chemicals, as well as equipment repair and maintenance products. The company markets its products and services under the Zep, Zep Professional, Zep Commercial, Zep Automotive, and other Zep Inc. brands. It sells its products to national and regional business-to-business distributors that target the transportation, industrial maintenance, and janitorial and sanitation markets, as well as to home improvement stores and automotive after-market retailers. Zep Inc. was founded in 1937 and is based in Atlanta, Georgia.

2,300 Employees
Last Reported Date: 11/12/14
Founded in 1937

zep inc (ZEP) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $645.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $324.4K
Chief Administrative Officer and Vice Preside...
Total Annual Compensation: $298.8K
Chief Supply Chain Officer and Vice President
Total Annual Compensation: $272.4K
Compensation as of Fiscal Year 2014.

zep inc (ZEP) Key Developments

Zep, Inc. Reports Un-Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended August 31, 2014; Provides Earnings Guidance for the Full Year of Fiscal 2015

Zep, Inc. reported un-audited consolidated earnings results for the fourth quarter and year ended August 31, 2014. For the quarter, the company’s net sales grew 2.5% to $186.8 million driven primarily by growth in transportation-related end-markets, partially offset by fire-related lost sales compared to $182.2 million in last year. Adjusted EBITDA increased 2.0% to $18.5 million compared to $18.1 million the prior year. Earnings per diluted share grew 41% to $0.17 compared to $0.12 per diluted share in last year, primarily due to the restructuring charge in the prior year period while adjusted earnings per diluted share were $0.26 compared to $0.31 in the prior year period. The company reported operating profit of $11.3 million compared to $6.9 million, income before income taxes of $6.6 million compared to $3.8 million, net income of $3.8 million compared to $2.7 million and adjusted net income of $6.0 million compared to $7.1 million for the last year. For the year, net sales increased 1.0% to $696.5 million compared to $689.6 million, driven by one additional quarter of sales from Zep Vehicle Care compared to the prior fiscal year, partially offset by fire-related lost sales and organic declines at the beginning of the year. Adjusted EBITDA was $63.1 million, or 9.1% of sales, compared to $59.6 million, or 8.6% of sales in the prior fiscal year. Adjusted diluted cash earnings per share in fiscal 2014 were unchanged at $1.17. Earnings per diluted share were $0.37 compared to $0.68 per diluted share in last year and adjusted diluted earnings per diluted share were $0.81 compared to $0.90 in the prior year period. The company reported operating profit of $32.8 million compared to $32.8 million, income before income taxes of $14.1 million compared to $23.1 million, net income of $8.4 million compared to $15.2 million, adjusted net income of $18.6 million compared to $20.2 million, net cash provided by operating activities of $22.3 million compared to $50.0 million, purchases of property, plant, and equipment of $9.6 million compared to $12.1 million and free cash flow of $38.0 million compared to $28.5 million for the last year. For fiscal 2015, The company expects revenue to benefit from a continuation of organic growth trend, potentially offset by fire-related lost sales. The gross profit margins is expected to be in the 46 to 48% range. Interest expense should range between $6 million to $7 million as a result of a new more favorable credit facility. While capital spending to continue at a normal rate of approximately $10 million, The company expects to invest an additional $15 million to $20 million in fiscal 2015 to restore aerosol capacity, which should be covered by insurance proceeds. Finally, tax rate is expected to range between 37% and 39% for the year.

Zep Government Receives Sole Contract for Fleet Washing Products and Services from The Cooperative Purchasing Network

Zep Government, a unit of Zep Inc. announced that it was the sole awardee of The Cooperative Purchasing Network Fleet Washing Products and Services Contract. TCPN members will be able to choose from the collection of professional car and fleet washing products and services in the industry delivered through Zep Inc.'s North American Sales and Service and Zep Vehicle Care business units, whose portfolio of trusted brands clean, maintain and protect over one million vehicles at over 10,000 customer sites every day. TCPN members will quickly realize the value the Zep team can bring to their operation with the benefit of the network of service providers, unparalleled marketing, and the leading research & development team in the industry.

Zep, Inc. Announces Executive Promotions

Zep recently promoted Valerie Barney to Vice President and Chief Legal Officer and has also promoted Jill Gilmer to Corporate Secretary. Valerie Barney joined the company in 2012 as Associate General Counsel. She has distinguished her career at Zep Inc. through effective teamwork in support of its businesses, by completing Zep Business System training and by using ZBS tools to drive results. Prior to joining Zep Inc., Valerie was an Associate Attorney at Hunton & Williams LLP where she was Zep's external legal partner. Jill Gilmer joined the company in 2002 as Assistant Corporate Secretary. During her tenure at Zep Inc., she has held various roles, including serving as administrator of the company's director and executive benefit plans, assisting with the company's investor relations' program and serving as liaison to the company's institutional investors on various governance related matters.

 

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Industry Analysis

ZEP

Industry Average

Valuation ZEP Industry Range
Price/Earnings 42.5x
Price/Sales 0.5x
Price/Book 1.8x
Price/Cash Flow 42.8x
TEV/Sales 0.2x
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