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Zep Inc Issues Q1 2014 Revenue Guidance In Line With Analysts' Estimates; Issues Q2 2014 Revenue Guidance Above Analysts' Estimates; Comments On Long Term Revenue Guidance-Conference Call


Friday, 5 Jul 2013 08:30am EDT 

Zep Inc announced that for the first quarter of 2014 and second quarter of 2014, it expect revenue to be essentially flat to last year, as acquired revenue will serve to offset expected organic declines. The Company's Chairman John Morgan estimate is that the Company will see overall declines in run rate of revenue of 4% to 6% coming three to four quarters from now, then begin to recover. The Company reported revenues of $158.03 million in the first quarter of 2013 and revenues of $163.39 million in the second quarter of 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $158.00 million in the first quarter of 2014 and revenues of $154.9 million in the second quarter of 2014. 

Company Quote

14.7
0.14 +0.96%
19 Sep 2014