The Marzetti (MZTI) investor relations material

Company overview

• Manufactures and markets specialty food products with $1.9 billion in net sales for fiscal 2025, operating 13 production facilities and employing about 3,800 people.

• Holds leading market share positions in retail food categories and supplies 17 of the top 30 national restaurant chains.

• Maintains strong cash flows and has increased regular cash dividends for 63 consecutive years.

Financial performance

• Fiscal 2025 net sales reached $1.91 billion, up 2.0% from the prior year, with net income of $167.3 million and diluted EPS of $6.07.

• Q2 fiscal 2026 net sales were $518 million, up 1.7% year-over-year, with net income of $59.1 million and diluted EPS of $2.15.

• Maintains a debt-free balance sheet with $202 million in cash and a $150 million credit revolver.

Strategic growth initiatives

• Pursues organic sales growth, supply chain simplification, retail licensing expansion, and focused M&A.

• Entered a definitive agreement to acquire Bachan's, a fast-growing Japanese barbecue sauce brand, for $400 million, expected to be accretive to growth and margins.

• Expanded capacity with a $140 million investment in Horse Cave, KY, and acquired an Atlanta production facility for $79 million.