What does material reconciling items — net revenue mean?

This metric represents the net sales revenue adjustments required to reconcile individual operating segment results with the company's total consolidated financial statements. It captures items such as corporate-level eliminations, intersegment sales adjustments, or unallocated overhead costs that are not attributed to specific business units. Monitoring this figure helps investors understand the magnitude of non-operating or centralized accounting adjustments that impact the top-line revenue reported at the consolidated level.

Hormel Foods HRL Material Reconciling Items — Net Revenue

Discontinued — last reported Q4 '17

Similar metrics at other companies

BOther Eliminations — Net Sales

-$21.05M+6.7%

FEEliminations and reconciling adjustments — Revenue

-$17M-13.3%

BRKRAdjustments And Reconciling Items — Operating Income

$74.1M+5.9%

TRG

TRGPCorporate Non Segment And Inter Segment Elimination — Revenue

-$983.7M+37.9%

APGCorporate and Elimination — Net revenues

$1.98B+15.3%

DEMaterial Reconciling Items Including Corporate Nonsegment — Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component

-$125M-16.8%

Other financials

Income statement

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Revenue$3.0B+2.5%

Gross profit$518.5M+7.0%

Operating income$217.1M-12.6%

Net income$157.5M-12.5%

EPS (diluted)$0.29-12.1%

Balance sheet

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Cash & equivalents$826.8M+23.5%

Total debt$2.9B-0.2%

Total equity$7.9B-1.0%

Total assets$13.3B-0.6%

Cash flow

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Operating cash flow$178.9M+217%

CapEx$82.2M+9.4%

Free cash flow$96.8M—

Valuation

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Market cap$13.3B—

Enterprise value$15.35B—

P/E18.9×—

P/S1.1×—

Profitability

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Gross margin15.7%-0.8pp

Operating margin5.8%-2.7pp

Net margin6.3%-0.3pp

FCF margin5.7%-0.3pp

Returns & leverage

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Return on equity9.5%-0.6pp

Debt / equity0.4×0.0×

Current ratio1.9×-0.5×

Where this comes from

Reported directly by Hormel Foods in its filing.

Tagged under the XBRL concept us-gaap:SalesRevenueNet.

The official record: Hormel Foods’s 10-K, filed December 20, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does material reconciling items — net revenue mean?: This metric represents the net sales revenue adjustments required to reconcile individual operating segment results with the company's total consolidated financial statements. It captures items such as corporate-level eliminations, intersegment sales adjustments, or unallocated overhead costs that are not attributed to specific business units. Monitoring this figure helps investors understand the magnitude of non-operating or centralized accounting adjustments that impact the top-line revenue reported at the consolidated level.