McCormick Revenue, Profits - MKC Quarterly Income Statement

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$105.75 $0.2 (0.19%) MKC stock closing price Jun 19, 2018 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking McCormick stock price alone is not sufficient. In the income statement, an investor can check for important parameters like the topline or sales, the bottomline or profits, the basic EPS, dividends etc. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has decreased from 1.49B to 1.24B and how operating and non operating activities have impacted the MKC stock. Revenue for year 2018 Q1 is $1.24B and has decreased from $1.49B quarter on quarter as is evident when you compare the latest figures in the latest McCormick profit and loss statement with those of the prior corresponding period. Also see McCormick assets and McCormick free cash flow for a complete valuation of MKC stock.

View and download details of revenue and profits for McCormick for latest & last 40 quarters.
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Quarterly
Annual
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Fiscal year is Dec - Nov2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
McCormick Revenues or Net Sales
1.24B1.49B1.19B1.11B1.04B1.23B1.09B1.06B1.03B1.2B
Cost Of Goods Sold (COGS)717.1M822.7M700.8M669.7M630.7M687M637.1M630.5M625.2M680.2M
McCormick Gross Profit
520M668.21M484.4M444.6M412.99M540.01M453.9M432.8M404.99M521.7M
Research & Development Expense----------
Selling General & Admin Expense336.3M401.3M315.7M312M278.8M320.9M286.1M307.8M275.9M309.5M
Income Before Depreciation Depletion Amortization183.7M266.91M168.7M132.6M134.19M219.1M167.8M125M129.09M212.19M
Depreciation Depletion Amortization----------
Non Operating Income1.5M1M1.2M1.2M-2.2M--1.1M-
Interest Expense41.8M44.8M36.9M14.9M14.5M14.3M14.1M13.7M13.9M13.8M
McCormick Pretax Income
143.4M223.1M133M118.9M119.8M207M153.9M112M116.3M198.9M
Provision for Income Taxes-271.1M57.7M33M27.3M33.3M61.5M34.3M25.9M31.3M59.4M
MinorityInterest-8.1M-10.3M-8.2M-8.4M-7M-11.9M-8.1M-7.7M-8.4M-17.1M
Investment Gains Losses----------
Other Income----------7.4M
Income Before Extraordinaries & Disc Operations422.6M175.7M108.2M100M93.5M157.4M127.7M93.8M93.4M149.2M
Extraordinary Items & Discontinued Operations----------
McCormick Profit/ Loss (Net Income)
422.6M175.7M108.2M100M93.5M157.4M127.7M93.8M93.4M149.2M
Average Shares used to compute Diluted EPS132.9M132.6M127.8M126.4M126.9M127.2M127.9M128.3M128.3M129M
Average Shares used to compute Basic EPS131.2M131.1M126.3M124.7M125.1M125.8M126.4M126.9M127.1M127.8M
Income Before Nonrecurring Items133.2M204.8M142.5M103.4M96M161.1M131.1M96.5M94.7M152.2M
Income from Nonrecurring Items289.4M-29.1M-34.3M-3.4M-2.5M-3.7M-3.4M-2.7M-1.3M-3M
McCormick Earnings Per Share Basic Net
3.221.340.860.800.751.251.010.740.731.17
McCormick Earnings Per Share Diluted Net
3.181.320.850.790.741.241.000.730.731.16
EPS Diluted Before Nonrecurring Items1.001.541.120.820.761.271.030.750.741.18
Preferred Dividends Acc Pd----------
Dividends Common68.1761.57--------
Dividend Per Share Common0.520.470.470.470.470.430.430.430.430.40
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on McCormick stock analysis. It helps to look at the following income statement items:

  • Revenue: The money received by selling of goods or services comes under this line item. A QoQ growth - See: McCormick revenue chart, implies that the company is growing. It has not been the case with McCormick. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: Most businesses like McCormick try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

The income statement is also called the profit and loss statement. Apart from the MKC income statement, one can check the McCormick historical stock prices to check how the price has moved with time.

McCormick Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
17.22
PS Ratio (price sales ratio)
2.76
Operating Margin
14.8
Net Profit Margin
34.2
Dividend Yield
1.83%