MARZETTI CO

Listed Company

MZTICIK 0000057515NasdaqLarge AcceleratedCanned, Frozen & Preservd Fruit, Veg & Food SpecialtiesOhioFY ends Jun 30

Period

FY 2025

Revenue

$1.91B

Net Income

$167.35M

Total Assets

$1.27B

Equity

$998.50M

Shares Out

27.42M

Op. Cash Flow

$261.50M

Business

MARZETTI CO is a manufacturer and marketer of specialty food products serving retail and foodservice customers. It produces and sells dressings, sauces, refrigerated dips, croutons, frozen garlic breads, yeast rolls and related branded, licensed and private‑label products. The company operates through two reportable segments, Retail and Foodservice, supplying branded retail items and exclusive licensed products while also providing custom‑formulated private‑label and foodservice offerings to national chain accounts and distributors. Its products are sold primarily in the United States through sales personnel, food brokers, distributors and retail channels, with some third‑party manufacturing in Canada and Europe.

Summary from filing dated 2025-08-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net Sales	1,909	1,872	1,823	1,676	1,467
Cost of Sales	1,453	1,439	1,434	1,321	1,080
Gross Profit	456	432	389	356	387
Selling, General and Administrative Expenses	230	218	222	212	205
Restructuring and Impairment Charges	5	15	25	35	1
Operating Income	220	199	142	112	186
Pension Settlement Charge	−14	0	0	—	—
Other, Net	7	6	2	477,000	−107,000
Income Before Income Taxes	213	206	143	112	186
Taxes Based on Income	46	47	32	23	43
Net Income	167	159	111	90	142
Basic (in dollars per share)	6.08	5.77	4.04	3.26	5.17
Diluted (in dollars per share)	6.07	5.76	4.04	3.25	5.16
Basic (in shares)	27	27	27	27	27
Diluted (in shares)	27	27	27	27	28

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and equivalents	161	163	88	60	188
Receivables	96	96	115	135	98
Raw materials	43	38	41	56	49
Finished goods	127	135	118	88	73
Total inventories	169	173	158	145	122
Other current assets	17	12	13	11	16
Total current assets	444	444	374	352	423
Property, plant and equipment-gross	968	878	854	786	676
Less accumulated depreciation	433	400	372	334	312
Property, plant and equipment-net	535	478	482	451	365
Goodwill	223	208	208	208	208
Operating lease right-of-use assets	52	55	25	28	22
Other noncurrent assets	22	22	18	18	24
Total	1,275	1,207	1,113	1,090	1,101
Accounts payable	118	119	112	115	110
Accrued liabilities	68	65	57	51	64
Total current liabilities	186	184	169	166	174
Noncurrent Operating Lease Liabilities	43	45	17	20	17
Other Noncurrent Liabilities	13	15	18	21	28
Deferred Income Taxes	34	37	47	39	39
Commitments and Contingencies	—	—	—	—	—
Preferred stock-authorized 3,050,000 shares; outstanding-none	—	—	—	—	—
Common stock-authorized 75,000,000 shares; outstanding-June 30, 2025-27,533,599 shares; June 30, 2024-27,527,090 shares	161	154	144	138	129
Retained earnings	1,628	1,565	1,504	1,485	1,482
Accumulated other comprehensive income (loss)	961,000	−9	−9	−11	−8
Common stock in treasury, at cost	−792	−784	−776	−767	−759
Total shareholders' equity	998	926	862	845	843
Total	1,275	1,207	1,113	1,090	1,101

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	62	56	51	46	45
Deferred income taxes and other changes	495,000	−7	9	2	5
Stock-based compensation expense	9	11	9	10	7
Restructuring and impairment charges	5	14	25	32	1
Gain on sale of property	0	−22,000	−209,000	−123,000	61,000
Pension plan activity	14	416,000	−4,000	−548,000	−149,000
Receivables	−257,000	19	21	−38	−11
Inventories	8	−15	−14	−23	−37
Other current assets	−3	−637,000	−1	4	−4
Accounts payable and accrued liabilities	−1	14	15	−17	32
Net cash provided by operating activities	261	252	226	102	174
Payments for property additions	−58	−68	−90	−132	−88
Cash paid for acquisition	−79	0	0	—	0
Proceeds from sale of property	0	7	1	368,000	150,000
Other-net	−11	−7	−2	−636,000	−1
Net cash used in investing activities	−148	−67	−91	−132	−89
Payment of dividends	−104	−98	−92	−87	−81
Purchase of treasury stock	−8	−8	−9	−8	−9
Tax withholdings for stock-based compensation	−2	−2	−3	−366,000	−4
Principal payments for finance leases	−2	−2	−2	−3	−2
Net cash used in financing activities	−115	−109	−107	−97	−95
Net change in cash and equivalents	−2	75	28	−128	−10

Filings

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