McCormick & Co. Inc.’s saw a big increase in its first quarter profit, mainly a result of tax reform and increased sales due to last year’s $4.2 billion acquisition of RB Foods. The Sparks spice and flavoring maker reported earnings of $422.6 million, or $3.18 per share. That’s up 352 percent compared to $93.5 million, or 74 cents per share, in the year-ago quarter. Adjusting for the RB Foods acquisition, special charges and a $297.9 million benefit related to federal tax reform, the spice maker's…
from https://www.bizjournals.com/baltimore/news/2018/03/27/mccormick-earnings-rise-plans-tax-reform-bonuses.html?ana=RSS&s=article_search
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