Zep Inc. (NYSE: ZEP), Atlanta, GA, a producer, marketer, and service provider of a wide range of cleaning and maintenance products, reported sales for the second quarter ended Feb. 28, 2010, were $127.4 million, an increase of 11.1% over the same period a year ago. Profit was $0.7 million, compared to a year-ago loss of $0.9 million.
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Fiscal year to date, sales were $254.1 million, an increase of 4.2% from the prior year period. Profit was $6.2 million, compared to a year ago loss of $2.5 million.
John K. Morgan, Chairman, President and Chief Executive Officer, stated, \”Efforts to reduce the breakeven point of the business by more than 20% over the past year continued to positively impact our business during our second fiscal quarter, which is traditionally our weakest quarter due in part to a reduced number of selling days,\” said John K. Morgan, president and CEO.
