Wednesday, January 25, 2017

McCormick posts record fourth-quarter earnings on new acquisitions

McCormick & Co. Inc. overcame challenges from currency exchange rates to record earnings in the fourth quarter. The Sparks-based spice maker reported net income of $157.4 million, or $1.24 per share, for the quarter ending Nov. 30. That’s up 5 percent from $149.2 million, or $1.16 per share, in the year-ago period. Sales rose to $1.23 billion, up 2 percent from the fourth quarter a year ago. The sales growth includes a 2 percent unfavorable impact from foreign currency exchange rates. Analysts…



from http://www.bizjournals.com/baltimore/news/2017/01/25/mccormick-posts-record-fourth-quarter-earnings.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/156356559517

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