The Marzetti (MZTI) investor relations material

Company overview and market position

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

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

• Portfolio includes strong brands such as Marzetti, Sister Schubert's, New York Bakery, and exclusive licensing relationships with major restaurant brands.

• Has increased regular cash dividends for 63 consecutive years, demonstrating strong cash flow and shareholder returns.

Financial performance and trends

• Fiscal 2026 Q3 net sales were $453.4 million, down 1.0% year-over-year, with gross profit up 1.2% and operating income down 6.6%.

• Fiscal 2025 net income was $167.3 million, up 5.5% from the prior year, with diluted EPS of $6.07.

• Maintains a debt-free balance sheet as of March 31, 2026, with $218 million in cash and significant borrowing capacity.

• Fiscal 2026 capital expenditures estimated at $80 million, with recent acquisitions and property additions supporting growth.

Strategic growth initiatives

• Focuses on organic sales growth, margin expansion, and supply chain simplification.

• Expands core business through retail licensing, innovation, and targeted M&A, including the acquisition of Bachan's Japanese Barbecue Sauce in May 2026.

• Bachan's acquisition expected to be accretive to EBITDA margin and long-term growth, financed with a $200 million term loan.

• Invested $140 million to expand Horse Cave, KY facility and $79 million to acquire an Atlanta production facility, adding significant capacity.