McCormick & Company Inc (N:MKC)
Business Focus: Food Processing
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 24 Schilling Road HUNT VALLEY MD 21031 |
| Tel: | 1-410-7717140 |
| Website: | https://www.mccormick.com |
| IR: | See website |
| Key People | ||
| Lawrence Erik Kurzius Executive Chairman of the Board | Brendan M. Foley President, Chief Executive Officer, Director | Michael R. Smith Executive Vice President and Chief Financial Officer |
| Sarah Piper Chief Human Relations Officer | Jeffery D. Schwartz Vice President, General Counsel, Secretary | |
| Business Overview |
| McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the entire food industry, including e-commerce channels, grocery, food manufacturers and foodservice businesses. The Company operates through two business segments: Consumer and Flavor Solutions. In the Consumer segment, it sells its products under the McCormick brand and a variety of brands around the world, including French's, Frank's RedHot, Lawry's, Zatarain's, Simply Asia, Thai Kitchen, Ducros, Vahine, Cholula, Schwartz, Club House, Kamis, DaQiao, La Drogheria, Stubb's, OLD BAY and Gourmet Garden. In its Flavor Solutions segment, it provides a range of products to multinational food manufacturers and foodservice customers. Its sales, distribution and production facilities are located in North America, Europe and China. Additional facilities are based in Australia, Central America, Thailand and South Africa. |
| Financial Overview |
| For the three months ended 29 February 2024, McCormick & Company Inc revenues increased 2% to $1.6B. Net income increased 19% to $166M. Revenues reflect Flavor Solutions segment increase of 4% to $681.2M, Consumer segment increase of 1% to $921.5M, EMEA segment increase of 8% to $306.7M, Americas segment increase of 2% to $1.12B. Net income benefited from Consumer segment income increase of 13% to $174.5M. |
| Employees: | 13,800 as of Nov 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $24,640M as of Feb 29, 2024 |
| Annual revenue (TTM): | $6,699M as of Feb 29, 2024 |
| EBITDA (TTM): | $1,232M as of Feb 29, 2024 |
| Net annual income (TTM): | $707.50M as of Feb 29, 2024 |
| Free cash flow (TTM): | $581.30M as of Feb 29, 2024 |
| Net Debt Last Fiscal Year: | $4,279M as of Feb 29, 2024 |
| Shares outstanding: | 268,412,705 as of Feb 29, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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