Marzetti Company reports Q2 results and agrees to acquire Bachan's for $400 million

MARZETTI CO

Consolidated net sales rose 1.7% to $518.0 million; adjusted net sales up 0.1% to $509.8 million.
Net income was $2.15 per diluted share vs $1.78 last year; record gross profit of $137.3 million.
Entered agreement to acquire Bachan's, Inc. for $400 million; closing expected by June 30, 2026.
Increased quarterly cash dividend to $1.00 per share, the 63rd consecutive annual increase.
Repurchased $20.1 million of common stock during the fiscal second quarter.

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