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Fiscal 2010 revenues jump 13.5%
October 12, 2010
By: TOM BRANNA
Editor
Zep Inc. said revenue for the fourth quarter ended Aug. 31 rose 20.2% to $161.4 million and revenue for fiscal 2010 increased 13.5% to $568.5 million, up from $501 million in fiscal 2009. Fourth quarter fiscal 2010 adjusted net income was $7.4 million compared with $6.6 million in the fourth quarter of fiscal 2009. Zep’s fiscal 2010 adjusted net income was $21.8 million compared with $11.3 million in fiscal 2009. John K. Morgan, chairman, president and chief executive officer of Zep ...
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