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MKC - McCormick & Company,...

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McCormick & Company, Incorporated

MKC

NYSE

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.

75.85 USD

-0.03 (-0.03955%)

MKC Financial Statements

Year

2023

2022

2021

2020

Total Revenue

6.66B

6.35B

6.32B

5.6B

Cost of Revenue

4.16B

4.08B

3.82B

3.3B

Gross Profit

2.5B

2.27B

2.49B

2.3B

Operating Expenses

1.54B

1.36B

1.4B

1.28B

Research and Development

94.9M

87.5M

87.3M

68.6M

Selling, General & Administrative Expenses

1.38B

1.36B

1.4B

1.28B

Selling & Marketing Expenses

247.1M

240.4M

237.8M

230.3M

General & Administrative Expenses

1.13B

1.12B

1.17B

1.28B

Other Expenses

61.2M

30.9M

8M

10.7M

Operating Income

963M

863.6M

1.02B

999.5M

Total Other Income/Expenses Net

-164.3M

-50.8M

-119.3M

-118M

Income Before Tax

798.7M

812.8M

895.8M

881.5M

Income Tax

174.5M

168.6M

192.7M

174.9M

Net Income

680.6M

682M

755.3M

747.4M

Basic EPS

2.54

2.54

2.83

2.8

EPS Diluted

2.52

2.52

2.8

2.78

Basic Average Shares

268.4M

268.2M

267.3M

266.5M

Diluted Average Shares

269.8M

270.2M

269.9M

269.1M

EBITDA

1.21B

1.19B

1.23B

1.19B

Retained Earning Schedule

Year

2023

2022

2021

2020

Retained Earnings (Previous Year)

3.02B

2.78B

2.42B

2.06B

Net Income

680.6M

682M

755.3M

747.4M

Stock Repurchases

-35.7M

-38.8M

-8.6M

-47.3M

Dividend Paid

-418.5M

-396.7M

-363.3M

-330.1M

Retained Earnings

3.25B

3.02B

2.78B

2.42B

Other Distributions

-227M

-195.4M

-5.1M

-17.6M

PPE Schedule

Year

2023

2022

2021

2020

Gross PPE

1.54B

1.42B

1.28B

1.03B

Annual Depreciation

199.3M

200.6M

186.3M

165M

Capital Expenditure

-263.9M

-262M

-278M

-225.3M

Net PPE

1.61B

1.48B

1.37B

1.09B

Intangible and Goodwill Schedule

Year

2023

2022

2021

2020

Acquisitions and Adjustments

47.2M

-122.9M

349.5M

481.1M

Goodwill (Previous Year)

5.21B

5.34B

4.99B

4.51B

Goodwill

5.26B

5.21B

5.34B

4.99B

All figures are in USD.

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