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August 2, 2013
By: TOM BRANNA
Editor
e three-month period ended May 31, 2013. Net sales grew 5.3% to $186.0 million. “Our third quarter provided mixed financial results. I am very pleased that free cash flow generated in the quarter was an impressive 260% of net income. I am, however, very disappointed in our lower earnings per share, even recognizing that more than half of the decline was occasioned by our planned inventory reduction,” said John K. Morgan, chairman, president and CEO of Zep Inc. Q3 net sales included $17.9 milli...
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