See more : Broadridge Financial Solutions, Inc. (BR) Income Statement Analysis – Financial Results
Complete financial analysis of McCormick & Company, Incorporated (MKC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of McCormick & Company, Incorporated, a leading company in the Packaged Foods industry within the Consumer Defensive sector.
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McCormick & Company, Incorporated (MKC)
About McCormick & Company, Incorporated
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.66B | 6.35B | 6.32B | 5.60B | 5.35B | 5.30B | 4.83B | 4.41B | 4.30B | 4.24B | 4.12B | 4.01B | 3.70B | 3.34B | 3.19B | 3.18B | 2.92B | 2.72B | 2.59B | 2.53B | 2.27B | 2.32B | 2.37B | 2.12B | 2.01B | 1.88B | 1.80B | 1.73B | 1.86B | 1.69B | 1.56B | 1.47B | 1.43B | 1.32B | 1.25B | 1.18B | 1.08B | 975.70M | 873.00M |
| Cost of Revenue | 4.16B | 4.08B | 3.82B | 3.30B | 3.20B | 3.21B | 2.82B | 2.58B | 2.56B | 2.51B | 2.46B | 2.40B | 2.18B | 1.92B | 1.86B | 1.89B | 1.72B | 1.60B | 1.56B | 1.52B | 1.37B | 1.46B | 1.40B | 1.26B | 1.23B | 1.18B | 1.12B | 1.06B | 1.15B | 1.00B | 902.90M | 843.60M | 846.00M | 801.60M | 771.10M | 1.08B | 677.60M | 605.30M | 536.30M |
| Gross Profit | 2.50B | 2.27B | 2.49B | 2.30B | 2.15B | 2.09B | 2.01B | 1.83B | 1.74B | 1.73B | 1.67B | 1.62B | 1.52B | 1.42B | 1.33B | 1.29B | 1.19B | 1.11B | 1.04B | 1.01B | 898.60M | 856.60M | 972.30M | 866.10M | 774.60M | 703.70M | 678.00M | 668.30M | 710.90M | 690.70M | 653.70M | 627.80M | 581.90M | 521.40M | 475.00M | 105.80M | 400.90M | 370.40M | 336.70M |
| Gross Profit Ratio | 37.56% | 35.82% | 39.48% | 41.07% | 40.12% | 39.40% | 41.58% | 41.52% | 40.44% | 40.78% | 40.40% | 40.30% | 41.18% | 42.49% | 41.58% | 40.55% | 40.87% | 41.03% | 39.99% | 39.90% | 39.59% | 36.92% | 40.97% | 40.79% | 38.60% | 37.41% | 37.65% | 38.57% | 38.25% | 40.75% | 42.00% | 42.67% | 40.75% | 39.41% | 38.12% | 8.94% | 37.17% | 37.96% | 38.57% |
| Research & Development | 94.90M | 87.50M | 87.30M | 68.60M | 67.30M | 69.40M | 66.10M | 61.00M | 60.80M | 62.00M | 61.30M | 57.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 1.13B | 1.12B | 1.17B | 1.28B | 1.17B | 1.43B | 1.24B | 1.18B | 1.13B | 1.12B | 1.09B | 1.04B | 982.20M | 907.90M | 846.60M | 870.60M | 806.90M | 772.60M | 681.90M | 677.70M | 597.60M | 570.90M | 719.90M | 578.70M | 522.30M | 463.80M | 461.00M | 453.10M | 446.10M | 429.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 247.10M | 240.40M | 237.80M | 230.30M | 214.60M | -270.30M | 172.50M | 343.40M | 336.40M | 326.90M | 304.70M | 293.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.38B | 1.36B | 1.40B | 1.28B | 1.17B | 1.16B | 1.24B | 1.18B | 1.13B | 1.12B | 1.09B | 1.04B | 982.20M | 907.90M | 846.60M | 870.60M | 806.90M | 772.60M | 681.90M | 677.70M | 597.60M | 570.90M | 719.90M | 578.70M | 522.30M | 463.80M | 461.00M | 453.10M | 446.10M | 429.50M | 422.70M | 416.80M | 395.80M | 357.70M | 338.20M | 0.00 | 305.20M | 271.40M | 247.90M |
| Other Expenses | 61.20M | 30.90M | 8.00M | 10.70M | 5.90M | 8.50M | -18.70M | -11.50M | -60.40M | -4.10M | -22.80M | 2.40M | 0.00 | 0.00 | 0.00 | 29.00M | 0.00 | 0.00 | 11.20M | -2.50M | 5.50M | 8.00M | 10.80M | 61.30M | 57.40M | 54.80M | 49.30M | 63.80M | 63.70M | 62.50M | 50.50M | 43.80M | 40.50M | 36.60M | 34.80M | 27.50M | 32.60M | 32.10M | 28.20M |
| Operating Expenses | 1.54B | 1.36B | 1.40B | 1.28B | 1.17B | 1.16B | 1.24B | 1.18B | 1.13B | 1.12B | 1.09B | 1.04B | 982.20M | 907.90M | 846.60M | 899.60M | 806.90M | 772.60M | 693.10M | 675.20M | 603.10M | 578.90M | 730.70M | 640.00M | 579.70M | 518.60M | 510.30M | 516.90M | 509.80M | 492.00M | 473.20M | 460.60M | 436.30M | 394.30M | 373.00M | 27.50M | 337.80M | 303.50M | 276.10M |
| Cost & Expenses | 5.70B | 5.43B | 5.23B | 4.58B | 4.37B | 4.37B | 4.07B | 3.75B | 3.69B | 3.64B | 3.55B | 3.44B | 3.16B | 2.83B | 2.71B | 2.79B | 2.53B | 2.37B | 2.25B | 2.19B | 1.97B | 2.04B | 2.13B | 1.90B | 1.81B | 1.70B | 1.63B | 1.58B | 1.66B | 1.50B | 1.38B | 1.30B | 1.28B | 1.20B | 1.14B | 1.11B | 1.02B | 908.80M | 812.40M |
| Interest Income | 36.60M | 17.80M | 9.30M | 7.80M | 155.10M | 7.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 208.20M | 149.10M | 136.60M | 135.60M | 165.20M | 174.60M | 90.00M | 56.00M | 53.30M | 49.70M | 53.30M | 54.60M | 51.20M | 49.30M | 52.80M | 56.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 199.30M | 200.60M | 186.30M | 165.00M | 158.80M | 150.70M | 125.20M | 108.70M | 105.90M | 102.70M | 106.00M | 102.80M | 98.30M | 95.10M | 94.30M | 85.60M | 82.60M | 86.80M | 74.60M | 72.00M | 65.30M | 66.80M | 73.00M | 61.30M | 57.40M | 54.80M | 49.30M | 63.80M | 63.70M | 62.50M | 50.50M | 43.80M | 40.50M | 36.60M | 34.80M | 27.50M | 32.60M | 32.10M | 28.20M |
| EBITDA | 1.21B | 1.19B | 1.23B | 1.19B | 1.14B | 1.07B | 816.20M | 755.20M | 660.30M | 711.60M | 662.40M | 686.80M | 644.40M | 610.60M | 566.30M | 480.10M | 444.50M | 363.50M | 418.10M | 404.70M | 360.80M | 315.80M | 280.30M | 286.30M | 252.30M | 239.90M | 217.00M | 215.20M | 264.80M | 261.20M | 231.00M | 211.00M | 186.10M | 163.70M | 136.80M | 105.80M | 95.70M | 99.00M | 88.80M |
| EBITDA Ratio | 18.11% | 18.37% | 20.48% | 21.33% | 21.38% | 17.70% | 17.72% | 17.09% | 15.25% | 16.66% | 15.97% | 17.03% | 17.27% | 15.28% | 18.01% | 15.66% | 16.81% | 17.20% | 15.75% | 15.26% | 14.84% | 14.20% | 12.69% | 12.70% | 12.53% | 12.19% | 11.00% | 15.32% | 14.06% | 19.72% | 14.15% | 14.20% | 12.64% | 11.60% | 9.94% | 8.08% | 7.32% | 9.80% | 9.60% |
| Operating Income | 963.00M | 863.60M | 1.02B | 999.50M | 957.70M | 891.10M | 702.40M | 641.00M | 548.40M | 603.00M | 550.50M | 578.30M | 540.30M | 509.80M | 466.90M | 376.50M | 354.20M | 269.60M | 343.50M | 332.70M | 295.50M | 277.70M | 240.60M | 226.10M | 194.90M | 185.10M | 167.70M | 151.40M | 201.10M | 198.70M | 180.50M | 167.20M | 145.60M | 127.10M | 102.00M | 78.30M | 63.10M | 66.90M | 60.60M |
| Operating Income Ratio | 14.45% | 13.60% | 16.07% | 17.84% | 17.91% | 16.80% | 14.53% | 14.53% | 12.76% | 14.21% | 13.35% | 14.41% | 14.61% | 15.28% | 14.63% | 11.85% | 12.15% | 9.92% | 13.25% | 13.17% | 13.02% | 11.97% | 10.14% | 10.65% | 9.71% | 9.84% | 9.31% | 8.74% | 10.82% | 11.72% | 11.60% | 11.36% | 10.20% | 9.61% | 8.19% | 6.61% | 5.85% | 6.86% | 6.94% |
| Total Other Income/Expenses | -164.30M | -50.80M | -119.30M | -118.00M | -138.50M | -149.80M | -105.00M | -51.80M | -52.20M | -48.60M | -51.10M | -52.20M | -48.90M | -47.10M | -61.30M | -38.70M | -74.10M | -131.19M | -47.80M | -38.90M | -25.50M | -38.50M | -44.60M | -20.90M | -31.50M | -26.40M | -17.60M | -84.00M | -51.90M | -111.70M | -20.30M | -28.90M | -21.90M | -19.10M | -20.00M | -19.90M | -14.20M | -15.70M | -14.70M |
| Income Before Tax | 798.70M | 812.80M | 895.80M | 881.50M | 819.20M | 741.30M | 594.80M | 589.20M | 496.20M | 554.40M | 499.40M | 526.10M | 491.40M | 462.70M | 416.50M | 337.80M | 302.40M | 223.00M | 295.70M | 293.80M | 270.00M | 234.80M | 190.40M | 204.10M | 163.40M | 158.70M | 150.10M | 67.40M | 149.20M | 87.00M | 160.20M | 138.30M | 123.70M | 108.00M | 82.00M | 58.40M | 48.90M | 51.20M | 45.90M |
| Income Before Tax Ratio | 11.99% | 12.80% | 14.18% | 15.74% | 15.32% | 13.98% | 12.30% | 13.36% | 11.55% | 13.07% | 12.11% | 13.11% | 13.29% | 13.87% | 13.05% | 10.63% | 10.37% | 8.21% | 11.41% | 11.63% | 11.90% | 10.12% | 8.02% | 9.61% | 8.14% | 8.44% | 8.33% | 3.89% | 8.03% | 5.13% | 10.29% | 9.40% | 8.66% | 8.16% | 6.58% | 4.93% | 4.53% | 5.25% | 5.26% |
| Income Tax Expense | 174.50M | 168.60M | 192.70M | 174.90M | 157.40M | -157.30M | 151.30M | 153.00M | 131.30M | 145.90M | 133.60M | 139.80M | 142.60M | 118.00M | 133.00M | 100.60M | 92.20M | 64.70M | 96.70M | 89.00M | 83.40M | 74.30M | 62.90M | 66.60M | 60.10M | 54.90M | 52.70M | 23.90M | 53.70M | 33.80M | 60.50M | 53.00M | 42.80M | 38.60M | 29.50M | 22.80M | 18.30M | 21.50M | 18.10M |
| Net Income | 680.60M | 682.00M | 755.30M | 747.40M | 702.70M | 933.40M | 477.40M | 472.30M | 401.60M | 437.90M | 389.00M | 407.80M | 374.20M | 370.20M | 299.80M | 255.80M | 230.10M | 202.20M | 214.90M | 214.50M | 210.80M | 179.80M | 146.60M | 137.50M | 103.30M | 103.80M | 98.40M | 41.90M | 97.60M | 61.10M | 73.10M | 95.20M | 80.90M | 69.40M | 52.50M | 36.30M | 30.60M | 29.70M | 27.80M |
| Net Income Ratio | 10.22% | 10.74% | 11.95% | 13.34% | 13.14% | 17.60% | 9.88% | 10.71% | 9.35% | 10.32% | 9.43% | 10.16% | 10.12% | 11.09% | 9.39% | 8.05% | 7.89% | 7.44% | 8.29% | 8.49% | 9.29% | 7.75% | 6.18% | 6.48% | 5.15% | 5.52% | 5.46% | 2.42% | 5.25% | 3.61% | 4.70% | 6.47% | 5.67% | 5.25% | 4.21% | 3.07% | 2.84% | 3.04% | 3.18% |
| EPS | 2.54 | 2.54 | 2.83 | 2.80 | 2.65 | 3.55 | 1.88 | 1.87 | 1.57 | 1.69 | 1.47 | 1.54 | 1.41 | 1.39 | 1.15 | 0.99 | 0.89 | 0.77 | 0.80 | 0.78 | 0.76 | 0.64 | 0.53 | 0.50 | 0.36 | 0.36 | 0.39 | 0.13 | 0.30 | 0.19 | 0.23 | 0.30 | 0.25 | 0.22 | 0.16 | 0.10 | 0.08 | 0.08 | 0.07 |
| EPS Diluted | 2.52 | 2.52 | 2.80 | 2.78 | 2.62 | 3.50 | 1.86 | 1.84 | 1.55 | 1.67 | 1.46 | 1.52 | 1.39 | 1.37 | 1.13 | 0.97 | 0.86 | 0.75 | 0.78 | 0.76 | 0.74 | 0.63 | 0.52 | 0.49 | 0.36 | 0.35 | 0.39 | 0.13 | 0.30 | 0.19 | 0.23 | 0.30 | 0.25 | 0.22 | 0.16 | 0.10 | 0.08 | 0.08 | 0.07 |
| Weighted Avg Shares Out | 268.40M | 268.20M | 267.30M | 266.50M | 265.20M | 263.10M | 253.60M | 253.20M | 256.00M | 259.80M | 264.20M | 265.40M | 265.40M | 265.80M | 261.60M | 258.00M | 258.54M | 264.31M | 268.63M | 273.25M | 279.21M | 278.76M | 275.70M | 275.00M | 284.97M | 292.39M | 255.37M | 312.82M | 324.72M | 324.82M | 324.00M | 321.23M | 318.73M | 319.46M | 331.66M | 360.45M | 373.34M | 385.92M | 392.00M |
| Weighted Avg Shares Out (Dil) | 269.80M | 270.20M | 269.90M | 269.10M | 268.20M | 266.50M | 256.80M | 256.00M | 258.40M | 262.00M | 267.20M | 268.60M | 268.60M | 269.40M | 264.60M | 263.60M | 266.01M | 269.60M | 275.51M | 282.24M | 284.86M | 285.40M | 280.11M | 277.78M | 288.95M | 294.47M | 255.37M | 312.82M | 324.72M | 324.82M | 324.00M | 321.23M | 318.73M | 319.46M | 331.66M | 360.45M | 373.34M | 385.92M | 392.00M |
McCormick (MKC) Q2 Earnings Top Estimates, Volumes Down
McCormick's (MKC) second-quarter earnings reflect gains from strong brands and a focus on high-growth areas. However, lower volumes acted as a deterrent.
Here's What Key Metrics Tell Us About McCormick (MKC) Q2 Earnings
Although the revenue and EPS for McCormick (MKC) give a sense of how its business performed in the quarter ended May 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
McCormick Stock Is Top S&P 500 Performer After Earnings
Shares of the seasonings maker are on track for their best day since March.
Spice maker McCormick beats quarterly results on strong EMEA business
McCormick beat market expectations for second-quarter profit and sales on Thursday, led by strong demand for its spices and seasonings in Europe, Middle East and Africa.
McCormick (MKC) Q2 Earnings and Revenues Surpass Estimates
McCormick (MKC) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.60 per share a year ago.
McCORMICK REPORTS SECOND QUARTER PERFORMANCE, REAFFIRMS 2024 OUTLOOK, AND ANNOUNCES 2024 INVESTOR DAY
HUNT VALLEY, Md. , June 27, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2024 and reaffirmed fiscal 2024 outlook.
KBRA Assigns AA- Rating to Metropolitan Pier and Exposition Authority McCormick Place Expansion Project Refunding Bonds Series 2024A and Series 2024B; Affirms Rating for Parity Bonds
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a long-term rating of AA- to the Metropolitan Pier and Exposition Authority McCormick Place Expansion Project Refunding Bonds, Series 2024A and McCormick Place Expansion Project Refunding Bonds, Series 2024B. KBRA additionally affirms the long-term rating...
McCormick Announces Marcos Gabriel to Become Executive VP & CFO and Planned Retirement of Mike Smith
HUNT VALLEY, Md., June 26, 2024 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced the promotion of Marcos Gabriel to Executive Vice President and Chief Financial Officer (CFO), effective December 1, 2024.
McCormick (MKC) Q2 Earnings Coming Up: Factors to Note
McCormick's (MKC) second-quarter performance is likely to reflect the adverse impact of lower volumes and inflationary headwinds. Also, rising SG&A costs are a concern.
McCormick Declares $0.42 Quarterly Dividend
HUNT VALLEY, Md., June 25, 2024 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.42 per share on its common stocks, payable July 22, 2024 to shareholders of record July 8,...
Source: https://incomestatements.info
Category: Stock Reports