United States

McCormick & Company Inc (MKC)

MKC on New York Consolidated

26 Jul 2016
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$-0.89 (-0.85%)
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Latest Key Developments (Source: Significant Developments)

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

McCormick & Company Inc announces in quarterly dividend
Tuesday, 24 Nov 2015 04:19pm EST 

McCormick & Company Inc:Announces increase in quarterly dividend.Increases quarterly dividend to $0.43 per share from $0.40 per share.  Full Article

McCormick & Company Inc updates on FY 2015 EPS guidance
Thursday, 1 Oct 2015 06:30am EDT 

McCormick & Company Inc:Now projects FY 2015 adjusted earnings per share at the lower end of its $3.47 to $3.54 guidance range.FY 2015 EPS of $3.51 - Thomson Reuters I/B/E/S.  Full Article

McCormick & Co declares $0.40 quarterly dividend
Tuesday, 29 Sep 2015 04:30pm EDT 

McCormick & Co:Declared a quarterly dividend of $0.40 per share on its common stocks.payable October 27, 2015, to shareholders of record on October 13, 2015.  Full Article

McCormick & Co Completes Acquisition of Stubb's
Thursday, 20 Aug 2015 03:30pm EDT 

McCormick & Co:Says it has completed the purchase of 100% of the shares of One World Foods, Inc., seller of Stubb's barbeque sauces, a privately held company located in Austin, Texas. McCormick announced the agreement to acquire Stubb's on June 24, 2015.McCormick acquired the Stubb's business for a cash payment of approximately $100 million subject to certain closing adjustments.Due to the estimated impact of transaction, integration and financing costs, McCormick expects no earnings per share impact in 2015 from this acquisition.However, with plans to achieve strong growth and significant cost synergies.McCormick expects incremental EBITDA (earnings before interest, tax, depreciation and amortization) of at least $10 million by 2017.  Full Article

BRIEF-Mccormick & Co announces new executive VP & CFO

* Gordon Stetz will continue with company as executive vice president until his retirement on December 31, 2016