Filing Flows › Marzetti (MZTI) › Q3 FY25
Marzetti (MZTI) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Apr 30, 2025
Marzetti (MZTI) reported revenue of $458M for the third quarter fiscal 2025 (Q3 FY25), -3% from a year earlier and -10% from the quarter before. Operating margin was 10.9%, net earnings $41.1M (9.0% of revenue).
Marzetti, Q3 FY25: revenue $458M (-3% year over year), operating margin 10.9%, net earnings $41.1M, operating cash flow $45.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $458M | -10% | -3% |
| Gross profit | $106M | -20% | +1% |
| Operating profit | $49.9M | -34% | +42% |
| Net earnings | $41.1M | -16% | +45% |
| Operating cash flow | $45.8M | -57% | -40% |
| Free cash flow | $30.8M | -68% | -50% |
What changed
Revenue was $457.8M in Q3 FY25, down 3% year over year and down 10% from the previous quarter. Retail was the largest line at 53% of revenue. Foodservice lost $7.1M year over year (down 3%), 52% of the total change.
Gross margin was 23.1%, up 1.0 points from a year earlier. Operating profit was $49.9M, a 10.9% margin (up 3.4 points year over year). Operating expenses fell 19% while revenue fell 3%. Net earnings were $41.1M, up 45% year over year. The effective tax rate was 20.7%.
Operating cash flow was $45.8M (down 40% year over year), 111% of net earnings. Non-cash charges added back $15.7M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $12.5M. Capital expenditures of $15.1M left free cash flow of $30.8M.
Questions
What was Marzetti's revenue in the third quarter fiscal 2025?
Marzetti (MZTI) reported revenue of $458M for the third quarter fiscal 2025 (Q3 FY25), -3% from a year earlier and -10% from the quarter before.
Was Marzetti profitable in the third quarter fiscal 2025?
Operating profit was $49.9M (10.9% of revenue) and net earnings $41.1M.
Source: Marzetti 10-Q on SEC EDGAR.