Zep Q3 Profit Declines - Quick Facts

(RTTNews) - Zep Inc. (ZEP), consumable chemical packaged goods company that manufactures a wide variety of high-performance maintenance and cleaning chemicals, reported third-quarter net income of $2.2 million or $0.09 per share, compared to $6.3 million or $0.28 per share in the same quarter last year.

Adjusted net income for the latest third quarter was $6.8 million or $0.39 per share, up from $5.6 million or $0.34 per share in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.39 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the latest quarter rose 0.6% to $187.02 million from $185.99 million, while three analysts estimated revenues of $188.23 million for the quarter.