Mccormick And Co Inc (MKC) Earnings Report, Financial Results, Financial analysis

Mccormick and Co Inc reported in IV. Quarter net earnings per share of $0.68 a decrease by -6.77 % year on year from $0.73 and decline of -16.6 % from $0.82 earned in III. Quarter (Aug 31 2022).

*IV. Quarter*
Earnings Per Share	Revenues
$ 0.68	$ 1,696 Mill
$-0.05 -6.77 %	$-35M -2 %

Mccormick And Co Inc's Revenue fell by -2 % in IV. Quarter (Nov 30 2022) year on year, to $1,696 million and advanced by 6.27 % sequentially.

Mccormick And Co Inc is Expected to report next financial results on June 28, 2023.

More on MKC's Income Statement

MKC's NET INCOME

Mccormick And Co Inc's net income of $185.700 million in IV. Quarter decreased by -5.93 % from net earnings of $197.400 million achieved in IV. Quarter a year ago.

Sequentially net earnings fell by -16.69 % from net income of $222.900 million realized in previous quarter.

More on MKC's Growth

Mccormick And Co Inc Inventories
Inventories grew by 13.35 % to $1,340 million from IV. Quarter a year ago, sequentially inventories fell by -2.86 %. In IV. Quarter company's net cash and cash equivalents decreased by $-10 million, capital expenditures fell by 8.06%, to $-95 millions compare to same quarter a year ago and fell by 46.01% from III. Quarter (Aug 31 2022).

More on MKC's Cash flow Statement

Earnings quality

Mccormick and Co Inc payed out dividend of $1.48 per share in last 52 weeks representing 58.96 % of net earning per share in trailing twelve-month period.

During the same period Mccormick and Co Inc earned $ 2.41 cash per share, on a free-cash flow basis 95.91 % of net earning per share.

Book value grew by 1.84 % sequentially to $17.36 per share, 36.52% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ -14.42 per share from $ -14.80.

Company issued 0.43 million shares or 0.16 % in IV. Quarter.
Interest Coverage Ratio was 6.45. Debt Coverage Ratio was 0.18.

• More on MKC's Dividends

Market Capitalization (Millions)	20,043
Shares Outstanding (Millions)	271
Total Debt (Millions $)	5,150
Revenue (TTM) (Millions $)	6,351
Net Income (TTM) (Millions $)	682
Cash Flow (TTM) (Millions $)	-18
Capital Exp. (TTM) (Millions $)	-262
Dividend TTM ($)	1.48 $
Dividend Yield TTM (%)	1.98 %
Employees (TTM) $	14,000

Earnings quality

Mccormick and Co Inc payed out dividend of $1.48 per share in the last 52 weeks representing 58.96 % of net earning per share in trailing twelve-month period.

During the same period Mccormick and Co Inc had $ 2.41 cash flow per share, on a free-cash flow basis 95.91 % of net earning per share.

Book value grew by 1.84 % sequentially to $17.36 per share, 36.52% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ -14.42 per share from $ -14.80.

Company issued 0.43 million shares or 0.16 % in IV. Quarter.
Interest Coverage Ratio was 6.45. Debt Coverage Ratio was 0.18.

• More on MKC's Balance Sheets

Market Capitalization (Millions)	20,043
Shares Outstanding (Millions)	271
Total Debt (Millions $)	5,150
Revenue (TTM) (Millions $)	6,351
Net Income (TTM) (Millions $)	682
Cash Flow (TTM) (Millions $)	-18
Capital Exp. (TTM) (Millions $)	-262
Dividend TTM ($)	1.48 $
Dividend Yield TTM (%)	1.98 %
Employees (TTM) $	14,000


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Mccormick and Co Inc

MKC's Financial Statements and Analysis