Zep Slips To Loss In Q2 - Quick Facts

(RTTNews) - Zep Inc. (ZEP), consumable chemical packaged goods company that manufactures a wide variety of high-performance maintenance and cleaning chemicals, reported second-quarter net loss of $0.7 million or $0.03 per share, compared to net income of $2.8 million or $0.12 per share in the same quarter last year. Adjusted earnings per share were $0.09, down from $0.14 last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.08 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the latest second quarter declined 3.4% to $157.75 million from $163.39 million, due to the effects of weather disruptions. Three analysts estimated revenues of $159.13 million for the quarter.