Marzetti (MZTI) FY2015 results: revenue $1.1 billion, up 6.1% on the year
Marzetti Co. (MZTI) reported revenue of $1.1 billion for fiscal 2015, the year ended 30 June 2015, up 6.1% on the year before. Net income was $102 million, up 35.6%, and diluted earnings per share $3.72. The figures are the company's own, from the 10-K it filed with the SEC on 28 August 2015.
Revenue
$1.1 billion
+6.1% on the year
FY2009FY2015
Operating margin
14.0%
14.8% a year earlier
FY2009FY2015
Net income
$102 million
+35.6% on the year
FY2009FY2015
Diluted EPS
$3.72
+35.8% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,105
1,041
1,014
+6.1%
Cost of revenue
847
793
769
+6.9%
Gross profit
258
249
245
+3.7%
Gross margin
23.3%
23.9%
24.1%
Selling, general and administrative
103
94.8
90.8
+8.5%
Operating income
155
154
154
+0.7%
Operating margin
14.0%
14.8%
15.2%
Pre-tax income
155
153
154
+0.8%
Income tax
52.9
52.3
50.0
+1.1%
Effective tax rate
34.2%
34.1%
32.5%
Net income
102
75.0
109
+35.6%
Net margin
9.2%
7.2%
10.8%
Diluted EPS
$3.72
$2.74
$3.99
+35.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
133
129
132
+2.9%
Capital expenditure
18.3
16.0
24.1
+14.6%
Free cash flow
114
113
108
+1.2%
Free cash flow margin
10.4%
10.9%
10.6%
Cash from investing
-112
8.5
-22.4
Cash from financing
-49.8
-49.4
-178
Depreciation and amortisation
21.1
20.4
20.1
+3.4%
Share-based compensation
3.0
2.5
2.9
+23.0%
Buybacks
0.6
3.1
0.6
-81.8%
Dividends paid
49.8
47.0
178
+5.9%
Dividend per share
$1.82
$1.72
$6.52
+5.8%
Diluted shares, weighted
27m
27m
27m
+0.1%
Shares outstanding at period end
27m
27m
27m
+0.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
581
529
501
+9.9%
Debt
0.0
n/a
0.0
Other liabilities
121
98.7
119
+22.8%
Total liabilities and equity
702
627
620
+11.9%
Fixed assets
172
169
168
+2.2%
Goodwill
144
89.8
89.8
+60.0%
Intangible assets
47.8
5.4
6.3
+788.6%
Cash and equivalents
182
212
123
-13.9%
Receivables
62.4
57.8
56.3
+8.0%
Inventory
77.9
74.5
67.8
+4.5%
Other assets
15.7
19.5
108
-19.4%
Total assets
702
627
620
+11.9%
10-K for the year ended 30 June 2015, filed 28 August 2015: the filing.