| Address:
|
18 LOVETON CIRCLE
P O BOX 6000 |
| City: |
SPARKS |
|
State: |
MD |
|
Zip Code: |
21152 |
| Telephone: |
410-771-7301 |
|
Description of Business
|
Primary SIC Code:
2090 |
| (As filed with the SEC)
|
|
|
McCormick is a global leader in flavor. The Company manufactures, markets and
distributes spices, seasoning mixes, condiments and other flavorful products to
the entire food industry-retail outlets, food manufacturers and foodservice
businesses. Our major sales, distribution and production facilities are located
in North America and Europe. Additional facilities are based in China,
Australia, Mexico, India, Singapore, Central America, Thailand and South Africa.
McCormick & Company, Incorporated was formed in 1915 under Maryland law as the
successor to a business established in 1889.
Business Segments
We operate in two business segments, consumer and industrial. Consistent with
market conditions in each segment, our consumer business has a higher overall
profit margin than our industrial business. In 2011, the consumer business
contributed 59% of sales and 79% of operating income and the industrial business
contributed 41% of sales and 21% of operating income. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 11/2011 | 2.79 | 0.310 | 17.46 | | 08/2011 | 2.80 | 0.280 | 17.07 | | 05/2011 | 2.87 | 0.280 | 17.49 | | 02/2011 | 2.81 | 0.280 | 16.96 | | 11/2010 | 2.75 | 0.280 | 16.00 | | 08/2010 | 2.64 | 0.260 | 15.10 | | 05/2010 | 2.45 | 0.260 | 15.74 | | 02/2010 | 2.81 | 0.260 | 13.21 |
Key Financial Ratios and Statistics |
FYE:
11/30 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | 0.46 | Total Liab/Total Assets | 0.61 | | Net Inc/Total Assets | 0.09 | Total Liab/Inv Cap | 0.87 | | Net Inc/Inv Cap | 0.13 | Total Liab/Comm Equity | 3.02 | | Pretax Inc/Net Sales | 0.13 | Interest Coverage Ratio | 10.60 | | Net Inc/Net Sales | 0.10 | Curr Debt/Equity | 0.14 | | Cash Flow/Net Sales | 0.09 | LTD/Equity | 0.64 | | SG&A/NetSales | 0.27 | Total Debt/Equity | 0.78 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 9.09 | Quick Ratio | 0.61 | | Inventory Turnover | 3.99 | Current Ratio | 1.23 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.35 | | Net Sales/Work Cap | 16.10 | Inv/Curr Assets | 0.50 | | Net Sales/PP&E | 7.07 | | |
Income Statement (Millions) |
| |
11/30/2011
|
8/31/2011
|
5/31/2011
|
2/28/2011
|
|
Total Revenues(Net Sales)
|
1,110.70
|
920.40
|
883.70
|
782.80
|
|
Cost of Goods Sold
|
631.60
|
555.90
|
533.00
|
454.60
|
|
Selling & Admin Exps
|
287.10
|
236.10
|
241.40
|
217.60
|
|
Operating Income
|
192.00
|
128.40
|
109.30
|
110.60
|
|
Interest Exp
|
13.60
|
13.10
|
12.30
|
12.20
|
|
Pretax Income
|
178.20
|
116.40
|
97.90
|
98.90
|
|
Other Income
|
-0.20
|
1.10
|
0.90
|
0.50
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
131.80
|
92.00
|
73.60
|
76.80
|
|
Assets
|
11/30/2011
|
8/31/2011
|
5/31/2011
|
2/28/2011
|
|
Cash & Short Term Investments
|
53.90
|
52.20
|
47.90
|
40.60
|
|
Receivables - Total
|
427.00
|
391.70
|
342.60
|
326.80
|
|
Inventories - Total
|
613.70
|
600.30
|
577.30
|
544.90
|
|
Total Current Assets
|
1,222.90
|
1,163.30
|
1,079.60
|
1,015.60
|
|
Net Property, Plant & Equipment
|
523.10
|
497.60
|
494.80
|
491.40
|
|
Total Assets
|
4,087.80
|
3,714.60
|
3,589.40
|
3,477.60
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
770.90
|
639.20
|
638.00
|
612.20
|
|
Debt in Current Liabilities
|
222.40
|
0.30
|
208.50
|
194.50
|
|
Total Current Liabilities
|
993.30
|
639.50
|
846.50
|
806.70
|
|
Long-Term Debt
|
1,029.70
|
1,031.70
|
781.20
|
775.70
|
|
Total Liabilities
|
2,486.10
|
2,003.30
|
1,956.50
|
1,910.20
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
16.80
|
9.10
|
9.20
|
9.10
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
821.90
|
298.10
|
292.60
|
772.00
|
|
Retained Earnings
|
838.80
|
785.70
|
732.70
|
731.30
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
1,601.70
|
1,711.30
|
1,632.90
|
1,576.50
|
|
Total Liabilities and Stockholders' Equity
|
4,087.80
|
3,714.60
|
3,589.40
|
3,486.70
|
Cash Flow Summary (Millions) |
|
Categories
|
11/30/2011
|
8/31/2011
|
5/31/2011
|
2/28/2011
|
|
Net Cash Provided by Operating Activities
|
254.30
|
49.40
|
59.40
|
-23.10
|
|
Net Cash Provided by Investing Activities
|
-440.20
|
-64.20
|
-18.90
|
-14.20
|
|
Net Cash Provided by Financing Activities
|
191.70
|
18.50
|
-45.60
|
23.20
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 11/2007 | 2,916.20 | 230.10 | 1.73 | | 11/2008 | 3,176.60 | 255.80 | 1.94 | | 11/2009 | 3,192.10 | 299.80 | 2.27 | | 11/2010 | 3,336.80 | 370.20 | 2.75 | | 11/2011 | 3,697.60 | 374.20 | 2.79 | | Growth Rates | 6.11 | 12.93 | 12.69 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 530 | 93,805 | 77.82 |
|
Report Date :
2/6/2012
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