McCormick & Co. (MKC) revealed earnings for its first quarter that Increases, from last year
The company's bottom line came in at $1.016 billion, or $3.77 per share. This compares with $162.3 million, or $0.60 per share, last year.
Excluding items, McCormick & Co. reported adjusted earnings of $176.9 million or $0.66 per share for the period.
The company's revenue for the period rose 16.7% to $1.873 billion from $1.605 billion last year.
McCormick & Co. earnings at a glance (GAAP) :
-Earnings: $1.016 Bln. vs. $162.3 Mln. last year.-EPS: $3.77 vs. $0.60 last year.-Revenue: $1.873 Bln vs. $1.605 Bln last year.
This surge in the first quarter net earnings reflects a non-cash gain on remeasurement of the company’s previously held equity interest in McCormick de Mexico.
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