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McCormick & Company Inc (MKC.N)

MKC.N on New York Stock Exchange

96.06USD
22 Sep 2017
Change (% chg)

$-0.79 (-0.82%)
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Latest Key Developments (Source: Significant Developments)

Reckitt Benckiser completes sale of food business to McCormick
Friday, 18 Aug 2017 02:00am EDT 

Aug 18 (Reuters) - RECKITT BENCKISER GROUP PLC ::COMPLETION OF SALE OF FOOD BUSINESS TO MCCORMICK.COMPLETED SALE OF FOOD BUSINESS TO MCCORMICK & COMPANY, INC. FOR $4.2 BLN.  Full Article

McCormick announces common stock non-voting offering to fund part of its acquisition of Reckitt Benckiser's food division
Monday, 7 Aug 2017 05:16pm EDT 

Aug 7 (Reuters) - McCormick & Company Inc :McCormick announces common stock non-voting offering to fund part of its acquisition of Reckitt Benckiser's food division.McCormick & Company Inc - ‍launched an underwritten public offering of $500 million of its common stock non-voting​.  Full Article

Mccormick & Co says Reckitt Benckiser food business deal‍​ expected 5pct accretive to adjusted EPS in year 1
Wednesday, 19 Jul 2017 08:21am EDT 

July 19 (Reuters) - Mccormick & Company Inc ::Mccormick & Company Inc - Reckitt Benckiser food business deal‍​ expected 5pct accretive to adjusted EPS in year 1.Mccormick & company inc sees about $140 million in transaction and integration costs‍​, mostly in 2017 related to Reckitt Benckiser deal .  Full Article

McCormick to pay more than $4 bln for Reckitt Benckiser's foods business - FT, citing sources
Tuesday, 18 Jul 2017 05:30pm EDT 

July 18 (Reuters) - :McCormick to pay more than $4 billion for Reckitt Benckiser's foods business - FT, citing sources.  Full Article

McCormick Q2 earnings per share $0.79
Thursday, 29 Jun 2017 06:30am EDT 

June 29 (Reuters) - McCormick & Company Inc :McCormick reports strong sales and profit growth in second quarter.Q2 adjusted earnings per share $0.82.Q2 earnings per share $0.79.Q2 sales rose 5 percent.Q2 earnings per share view $0.76 -- Thomson Reuters I/B/E/S.Reaffirms fy 2017 adjusted earnings per share view $4.05 to $4.13 excluding items.Sees fy 2017 earnings per share $3.94 to $4.02.McCormick & Company Inc -in 2017, mccormick expects to grow sales 4% to 6% compared to 2016.Company reaffirms projected adjusted earnings per share of $4.05 to $4.13 in fy 2017.McCormick -2017 fiscal outlook updated to reflect lower impact from unfavorable foreign currency on net sales and a higher impact from special charges.Fy2017 earnings per share view $4.07, revenue view $4.56 billion -- Thomson Reuters I/B/E/S.McCormick & Company Inc - on-track to achieve at least $100 million of cost savings in 2017.McCormick & Company Inc - excluding items, reaffirmed its 2017 expected constant currency growth rates for sales, adjusted operating income, adjusted earnings per share..McCormick & Company Inc - ‍in 2017 has plans to achieve at least $100 million of cost savings​.McCormick & Company Inc - recorded $5 million of special charges in q2 of 2017 related to organization and streamlining actions versus $4 million in 2016.McCormick & Company Inc qtrly ‍net sales $1,114.3 million versus $1,063.3 million ​.Q2 revenue view $1.10 billion -- Thomson Reuters I/B/E/S.  Full Article

Mccormick & Co expects to reach at least $5 bln in annual net sales by 2019
Tuesday, 4 Apr 2017 06:30am EDT 

Mccormick & Company Inc : Says reaffirmed its long-term constant currency objectives for annual sales growth of 4% to 6% . Says expects to reach at least $5 billion in annual net sales by 2019 . Says expects to achieve annual cost savings of $400 million between 2016 and 2019 . Mccormick & Company Inc - mccormick expects to achieve annual cost savings of $400 million between 2016 and 2019 .Says reaffirmed its long-term constant currency objectives for increase in annual earnings per share of 9% to 11%.  Full Article

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

BRIEF-Reckitt Benckiser completes sale of food business to McCormick

* COMPLETED SALE OF FOOD BUSINESS TO MCCORMICK & COMPANY, INC. FOR $4.2 BLN SOURCE TEXT FOR EIKON: FURTHER COMPANY COVERAGE: