Marzetti Q4 diluted EPS rises to 1.76; net sales fall 2.2% to $465 million - MZTI News | RalliesMarzetti Q4 diluted EPS rises to 1.76; net sales fall 2.2% to $465 million
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MZTI• Q4 results
- Marzetti posted Q4 net income of $48.3 million, or $1.76 a share, up from $32.5 million, or $1.18.
- Net sales fell 2.2% to $465 million, though excluding $12.2 million in prior-year non-core TSA sales, net sales rose 0.4%.
- Gross profit climbed $7.9 million to $114 million; gross margin widened 2.2 percentage points to 24.5%.
- SG&A expenses increased $12.3 million to $74.3 million, including $10.5 million in acquisition-related costs tied to Bachan's.
- Operating income rose $18.8 million to $57.7 million, helped by an $18.5 million gain on the Milpitas property sale.
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