Zep Inc. (ZEP) - NYSE
  • Apr. 8, 2015, 9:12 AM
    | Apr. 8, 2015, 9:12 AM
  • Apr. 8, 2015, 8:35 AM
    • The seller of cleaning materials agrees to a sale to P-E firm New Mountain Capital for $20.05 per share in cash.
    • The agreement comes after a year-long strategic review.
    • The company earnings call set for tomorrow at 5:30 ET has been cancelled.
    • ZEP +17.3% premarket to $20.05.
    | Apr. 8, 2015, 8:35 AM
  • Apr. 8, 2015, 8:30 AM
    • Zep (NYSE:ZEP) reports it grew sales by 3.8% on comparable basis, due to increase in both volume and price.
    • Gross margin rate declined 176 bps to 45.18%.
    • Adjusted EBITDA margin fell 250 bps to 4.6%.
    • SG&A expense rate -114 bps to 43.80%.
    • FY2015 Guidance: Gross margin rate: 46% to 48%.
    • ZEP +17.32% premarket.
    • FQ2 results
    | Apr. 8, 2015, 8:30 AM
  • Apr. 8, 2015, 8:07 AM
    • Zep (NYSE:ZEP): FQ2 EPS of $0.10 beats by $0.04.
    • Revenue of $160.07M (+1.5% Y/Y) beats by $0.2M.
    • Shares +15.27% PM.
    | Apr. 8, 2015, 8:07 AM
  • Jan. 6, 2015, 7:32 AM
    • Zep (NYSE:ZEP) reports it grew sales by 2.1% in FQ1, due to increases in transportation-related end-markets and across retail channels of distribution.
    • Gross margin rate declined 126 bps to 46.81%.
    • SG&A expense rate -80 bps to 42.49%.
    • FY2015 Guidance: The company sees net sales growth in the low single-digit range.
    | Jan. 6, 2015, 7:32 AM
  • Oct. 14, 2014, 1:56 PM
    • Shares of Zep (ZEP +7%) higher on heavy volume after Wunderlich Securities upgrades the stock to a Buy rating.
    • The investment firm assigns a $21 price target to the consumer products name.
    | Oct. 14, 2014, 1:56 PM
  • Jul. 11, 2014, 12:45 PM
    | Jul. 11, 2014, 12:45 PM | 6 Comments
  • Aug. 14, 2013, 2:33 PM
    • Armor All maker Zep Inc. (ZEP +3%) zips higher after updating investors on the progress of its "complexity-reduction activities."
    • The company's non-sales workforce will be reduced by ~6% (80-100 positions).
    • Annualized cost savings should come in at the high end of previous guidance ($8-12M).
    • ZEP sees $9M of recorded cost-savings in FY14.
    • Cost cuts will come through mostly in SG&A expense although a fourth will be reflected in COGS.
    • Updated FY13 revenue guidance: $685-690M versus consensus of $679.9M. (PR)
    | Aug. 14, 2013, 2:33 PM
  • Jul. 2, 2013, 2:53 PM

    Zep Inc. (ZEP -17.2%) craters after FQ3 earnings and revenue miss estimates. CEO John Morgan calls the EPS miss "very disappointing" and notes that while ZEP's "long-term diversification strategy is working," organic revenue declines will likely "continue over the next twelve months while [the company] accelerates [its] focus on business complexity reduction." (PR)

    | Jul. 2, 2013, 2:53 PM
  • Jul. 2, 2013, 12:45 PM
    Midday top 10 gainers: CLNT +25%. MTSL +16%. SGOC +13%. CLFD +13%. LPTH +12%. NOAH +12%. TXTR +10%. PTEK +10%. NYNY +9%. ZNGA +9%.
    Midday top 10 Losers: ACHN -24%. HDSN -24%. ZEP -16%. LINE -15%. SINO -13%. LNCO -12%. PBMD -12%. UQM -12%. RBY -11%. WBMD -10%.
    | Jul. 2, 2013, 12:45 PM | 1 Comment
  • Apr. 9, 2012, 9:47 AM

    Cleaning products manufacturer Zep (ZEP +3.6%) says its FQ2 net income rose 9% on strong sales in its retail and distribution channels and expects results will continue to improve during H2. Zep earned $0.11/share vs. $0.09 consensus and $0.10 in the prior-year period.

    | Apr. 9, 2012, 9:47 AM
  • Mar. 9, 2012, 2:57 PM

    Shares of Zep Inc. (ZEP +4.9%) get a boost on an upgrade to Buy on valuation at BB&T, citing improving fundamentals.

    | Mar. 9, 2012, 2:57 PM
  • Oct. 13, 2011, 9:56 AM

    Shares of ZEP crater, falling 16.3%, after the firm misfires with its FQ4 report and issues a revenue warning. The cleaning product manufacturer recorded EPS of $0.24 for the quarter, well-below the estimate of analysts of $0.37. CEO John Morgan says the firm was "negatively impacted by raw material inflation and recent economic volatility that made it difficult to implement sufficient price increases."

    | Oct. 13, 2011, 9:56 AM
Company Description
Zep Inc is aconsumable chemical packaged goods company. The Company provides high-performance chemicals and related products and services that help professionals maintain, clean and protect their assets.
Industry: Cleaning Products
Country: United States