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McCormick & Company Inc (MKC.N)

MKC.N on New York Stock Exchange

101.01USD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

McCormick Q4 performance led to record 2016 financial results
Wednesday, 25 Jan 2017 06:30am EST 

McCormick & Company Inc : McCormick fourth quarter performance led to record 2016 financial results; continued growth expected in 2017 . Q4 adjusted earnings per share $1.27 excluding items . Q4 earnings per share $1.24 . Q4 sales rose 2 percent . Q4 earnings per share view $1.27 -- Thomson Reuters I/B/E/S . Sees FY 2017 adjusted earnings per share $4.05 to $4.13 . Sees FY 2017 earnings per share $4.02 to $4.10 . Sees Q1 2016 earnings per share $0.73 . McCormick & Company Inc- In 2017, company expects to grow sales 3% to 5% compared to 2016 . McCormick & Company Inc- Operating income in 2017 is expected to grow 7% to 9% from $641 million of operating income in 2016 . McCormick & Company Inc- Special charges of approximately $4 million are currently projected for 2017 . FY2017 earnings per share view $4.09, revenue view $4.58 billion -- Thomson Reuters I/B/E/S .Q1 earnings per share view $0.82 -- Thomson Reuters I/B/E/S.  Full Article

McCormick & Co says voluntary recall notice for taco seasoning mix
Wednesday, 5 Oct 2016 04:50pm EDT 

McCormick & Company Inc : Says recall does not impact any other sizes of McCormick taco seasoning mix or mccormick products . Voluntary recall notice of McCormick 24 oz. Club size original taco seasoning mix due to unlabeled milk allergen .Has received one notice of an allergic reaction related to product covered by this recall.  Full Article

McCormick reports strong Q3 results
Friday, 30 Sep 2016 06:30am EDT 

McCormick & Company Inc : McCormick reports strong third quarter results and increases 2016 financial outlook . Q3 adjusted earnings per share $1.03 excluding items . Q3 earnings per share $1.00 . Q3 sales rose 3 percent . Q3 earnings per share view $0.94 -- Thomson Reuters I/B/E/S . Sees FY 2016 earnings per share $3.68 to $3.72 . For FY 2016 company expects to grow sales approximately 3%, which is at upper end of its previous range . Qtrly net sales $1.09 billion versus $1.06 billion . Q3 revenue view $1.09 billion -- Thomson Reuters I/B/E/S . Estimated impact of special charges in 2016 is $0.07 compared to $0.37 in 2015 . Sees FY 2016 adjusted earnings per share $3.75 to $3.79 excluding items . FY2016 earnings per share view $3.75 -- Thomson Reuters I/B/E/S .FY2016 revenue view $4.41 billion -- Thomson Reuters I/B/E/S.  Full Article

McCormick & Co says its products not involved recent recalls of turmeric
Thursday, 11 Aug 2016 09:51am EDT 

Mccormick & Company Inc: Released statement in response to recent recalls of turmeric due to "elevated levels of lead" .No McCormick products are involved in recall of turmeric.  Full Article

McCormick & Company Q2 earnings per share $0.73
Thursday, 30 Jun 2016 06:30am EDT 

Mccormick & Company Inc : Qtrly net sales $1.06 billion versus $1.02 billion . Mccormick reports on second quarter results and latest 2016 financial outlook . Q2 adjusted earnings per share $0.75 excluding items . Q2 earnings per share $0.73 . Q2 sales rose 4 percent . Q2 earnings per share view $0.74 -- Thomson Reuters I/B/E/S . Sees fy 2016 earnings per share $3.63 to $3.70 . Mccormick & company inc says company expects to grow sales 1% to 3% for fy 2016 . Says reaffirmed its expected growth rate for sales, adjusted operating income and adjusted earnings per share for 2016 . "have increased our cost savings goal for 2016 to a range of $100 million to $110 million" . Mccormick & company inc says for fy 2016 operating income is expected to grow 16% to 19% from $548 million of operating income in 2015 . Excluding impact of special charges, projected range for adjusted earnings per share in 2016 remains $3.68 to $3.75 . Mccormick & company inc says reaffirmed its expectation to grow adjusted operating income 6% to 8% in fy 2016 from adjusted operating income of $614 million in 2015 . Fy2016 earnings per share view $3.74, revenue view $4.41 billion -- Thomson Reuters I/B/E/S .Mccormick & company inc says estimated impact of special charges in 2016 has increased by $0.02 to $0.05.  Full Article

Mccormick & Co announces new executive VP & CFO
Wednesday, 29 Jun 2016 06:45am EDT 

Mccormick & Company Inc [MKC.N] : Gordon Stetz will continue with company as executive vice president until his retirement on December 31, 2016 .Mccormick announces Michael Smith to become executive VP & CFO and planned retirement of executive VP & CFO Gordon Stetz.  Full Article

McCormick declares $0.43 quarterly dividend
Tuesday, 28 Jun 2016 04:15pm EDT 

McCormick & Company Inc :McCormick declares $0.43 quarterly dividend.  Full Article

McCormick & Company Inc acquires Botanical Food Company
Tuesday, 19 Apr 2016 06:30am EDT 

McCormick & Company Inc:Says that it has purchased 100 pct of shares of Botanical Food Company Pty Ltd.Purchase price approximately 150 million Australian dollars.In 2017, McCormick expects the acquisition to be fully accretive.  Full Article

McCormick & Company Inc gives FY 2016 guidance
Thursday, 28 Jan 2016 06:30am EST 

McCormick & Company Inc:Expects FY 2016 sales to grow 4% to 6% in constant currency.Expects FY 2016 earnings per share to be in the range of $3.62 to $3.69.Excluding the impact of an estimated $7 million of special charges, adjusted earnings per share of $3.65 to $3.72 for FY 2016.  Full Article

Lawrence Kurzius promoted to McCormick Chief Executive Officer
Tuesday, 1 Dec 2015 06:30am EST 

McCormick & Company, Incorporated:Says promotion of Lawrence E. Kurzius to President and Chief Executive Officer (CEO) for the company effective February 1, 2016.Alan D. Wilson will continue to serve as Executive Chairman of the Board.Kurzius was elected to the company's board of directors on November 24, 2015.  Full Article

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BRIEF-McCormick Q4 performance led to record 2016 financial results

* McCormick fourth quarter performance led to record 2016 financial results; continued growth expected in 2017