Exhibit 99.1


News Release

Zep Inc.




1310 Seaboard Industrial Blvd., NW

Atlanta, GA 30318




Zep Inc. Reports Fiscal Second Quarter 2014 Results


Fiscal Second Quarter 2014 Highlights:


·                  Net sales of $157.8 million


·                  Adjusted EBITDA of $11.2 million


·                  Adjusted earnings per diluted share of $0.09, excluding $0.12 of integration and legal costs


·                  Adjusted cash earnings per diluted share of $0.18


Key Milestones:


·                  To date, third fiscal quarter order rates have rebounded following second fiscal quarter weather disruption


·                  Long-running California legal matter substantially resolved


·                  Completed three-year information technology upgrade


·                  On target to exceed $9 million of restructuring savings during fiscal 2014, achieved $2.3 million in second fiscal quarter


(ATLANTA — April 7, 2014) — Zep Inc. (NYSE: ZEP), a leading consumable chemical packaged goods company that manufactures a wide variety of high-performance maintenance and cleaning chemicals, today reported financial results for the three and six-month periods ended February 28, 2014.


“We achieved several milestones during the quarter including the settlement of substantially all of the 2010 California legal matters, a 3-year $10 million distraction; the completion and stabilization of our 3-year information technology upgrade, costing approximately $20 million in capital spending; and an agreement to sell some surplus real-estate,” said John K. Morgan, Chairman, President and Chief Executive Officer of Zep Inc.  “With these items behind us, we are well positioned to de-lever the balance sheet at an accelerated rate and to grow in our strategic end-markets.  Our March order rates were strong, and we now believe we will exceed our previous revenue expectations for the upcoming quarter.”


Net sales in the quarter were $157.8 million.  The 3.4% decline was slightly greater than our previously communicated range of flat to down 3% due to the effects of weather disruptions.  Growth in strategic North American end-markets, such as automotive and home improvement retailers, car wash, oil and gas, and in our European business, was more than offset by declines in certain Jan/San end markets and sales eliminated as a result of our continuing complexity reduction initiative, as expected.


Gross profit margin in the second quarter of fiscal 2014 was 46.9% or 50 basis points lower than the comparable quarter of fiscal 2013 due to increased raw material input costs, partially offset by improved sales channel mix.  As a result of restructuring benefits, selling, distribution and administrative expenses were $2.1 million lower than the comparable period of fiscal 2013, excluding the impacts of adjustments for the


The following information was filed by Zep Inc. (ZEP) on Monday, April 7, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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