Zep Slips To Loss On Lower Sales, Expenses - Quick Facts

(RTTNews) - Zep Inc (ZEP), a maker of cleaning and maintenance chemical products, Monday reported third-quarter net loss of $0.7 million or $0.03 per share, compared with net income of $2.8 million or $0.12 per share last year.

Results for the recent quarter included $0.12 per share of integration and legal costs.

Excluding items, adjusted earnings for the quarter were $2 million or $0.09 per share, compared with $3.2 million or $0.14 per share a year ago.

Revenues for the quarter were lower at $157.8 million, compared with $163.4 million a year ago, due mainly to weather disruptions.

Analysts polled by Thomson Reuters estimated earnings of $0.08 per share on revenues of $159.1 million for the quarter.