What does asia pacific — special charges mean?

Non-recurring expenses related to restructuring or reorganization activities within the Asia Pacific business segment.

How do you interpret asia pacific — special charges?

An increase suggests significant restructuring or impairment activity, while a decrease indicates a return to normalized operational spending.

How does asia pacific — special charges compare across companies?

Peers in the consumer goods sector report similar items under 'restructuring charges' or 'other non-recurring items' within segment disclosures.

McCormick & Company, Incorporated MKC Asia Pacific — Special charges

Discontinued — last reported Q1 '19

Similar metrics at other companies

CCKAsia Pacific — Restructuring

$1M0.0%

CLAsia Pacific — Total charges incurred (percent)

2%—

SSD

SSDAsia/Pacific — Significant Noncash Charges

$173K+154%

ACNAsia Pacific — Business optimization costs

$70.98M—

CCKAsia — Restructuring Charges

$750K-40.0%

CCKAsia Pacific — Restructuring Costs

$1.25M—

Other financials

Income statement

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Revenue$1.9B+16.7%

Gross profit$708.9M+17.4%

Operating income$227.5M+1.0%

Net income$1.0B+526%

EPS (diluted)$3.77+528%

Balance sheet

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Cash & equivalents$177.7M+72.9%

Total debt$4.9B+38.3%

Total equity$7.0B+28.7%

Total assets$16.3B+26.7%

Cash flow

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Operating cash flow$50.9M-55.9%

CapEx$32.5M-12.4%

Free cash flow$18.4M-76.5%

Valuation

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Market cap$12.54B-13.9%

Enterprise value$17.28B-7.0%

P/E7.6×-10.9×

P/S1.8×-0.4×

Profitability

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Gross margin37.9%-0.6pp

Operating margin15.1%-0.5pp

Net margin23.1%+11.4pp

FCF margin9.6%0.0pp

Returns & leverage

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Return on equity26.5%+11.8pp

Debt / equity0.7×0.0×

Current ratio0.8×+0.1×

Where this comes from

Reported directly by McCormick & Company, Incorporated in its filing.

Tagged under the XBRL concept mkc:SpecialCharges.

The official record: McCormick & Company, Incorporated’s 10-Q, filed March 26, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does asia pacific — special charges mean?: Non-recurring expenses related to restructuring or reorganization activities within the Asia Pacific business segment.
How do you interpret asia pacific — special charges?: An increase suggests significant restructuring or impairment activity, while a decrease indicates a return to normalized operational spending.
How does asia pacific — special charges compare across companies?: Peers in the consumer goods sector report similar items under 'restructuring charges' or 'other non-recurring items' within segment disclosures.