NYSE: MKC
MCCORMICK & CO INCCIK 0000063754 · Consumer Staples · SIC 2090 · Food Preparations
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McCormick announces $15.7B Unilever Foods merger, diluting shareholders to 35% stake
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McCormick reports Q2 2026 earnings, reaffirms outlook, updates Unilever Foods integration
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McCormick appoints former AstraZeneca digital chief Cindy Hoots to Board
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McCormick secures $2B term loan, reduces bridge facility for up to $15.7B Unilever foods acquisition
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Latest financial statements
From 10-Q filed Jun 25, 2026 (period ending May 31, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q2 ended May 31, 2026 | Q2 ended May 31, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 1,937 | 1,660 |
| Cost of revenue / cost of sales | 1,158 | 1,037 |
| Gross profit | 778.2 | 622.8 |
| Operating expenses: | ||
| Selling, general and administrative | 441.8 | 364.2 |
| Other operating expenses, net | 60.0 | 12.8 |
| Operating income | 276.4 | 245.8 |
| Interest expense | 62.7 | 51.0 |
| Other income/(expense), net | 6.5 | 9.8 |
| Income before income taxes | 220.2 | 204.6 |
| Income tax expense/(benefit) | 63.5 | 49.3 |
| Net income | 150.1 | 175.0 |
| Basic earnings per share | 0.56 | 0.65 |
| Diluted earnings per share | 0.56 | 0.65 |
Consolidated Balance Sheets (Unaudited)
| Description | May 31, 2026 | May 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 331.2 | 124.1 |
| Accounts receivable, net | 709.4 | 584.5 |
| Prepaid expenses and other current assets | 339.6 | 150.2 |
| Other current assets | 1,409 | 1,308 |
| Total current assets | 2,789 | 2,166 |
| Property, plant and equipment, net | 1,504 | 1,417 |
| Identifiable intangible assets, net | 4,938 | 3,309 |
| Goodwill | 6,292 | 5,292 |
| Other long-term assets | 954.7 | 1,007 |
| TOTAL ASSETS | 16,477 | 13,190 |
| Current liabilities: | ||
| Current portion of long-term debt | 9.5 | 756.7 |
| Line of credit | 1,327 | 598.9 |
| Other current liabilities | 2,236 | 1,830 |
| Total current liabilities | 3,572 | 3,186 |
| Long-term debt | 3,597 | 3,099 |
| Deferred income taxes and other liabilities | 1,327 | 823.0 |
| Other long-term liabilities | 407.6 | 452.0 |
| Total liabilities | 8,904 | 7,560 |
| Shareholders' equity: | ||
| Accumulated other comprehensive income (loss) | (161.4) | (401.2) |
| Retained earnings (deficit) | 4,843 | 3,739 |
| Total shareholders' equity | 6,996 | 5,601 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 16,477 | 13,190 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended May 31, 2026 | Six months ended May 31, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 430.7 | 161.4 |
| Investing Activities: | ||
| Net cash from investing activities | (805.1) | (105.2) |
| Financing Activities: | ||
| Net cash from financing activities | 602.7 | (142.9) |
| Net increase/(decrease) in cash | 235.3 | (62.0) |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗