McCormick & Company, Incorporated MKC Consumer Segment — Changes in preliminary purchase price allocation

Discontinued — last reported Q4 '22

Similar metrics at other companies

MKLConsumer & Other — Adjustments to preliminary purchase price allocations

$0—

MKLCorporate Operations — Adjustments to preliminary purchase price allocations

$0—

MKLFinancial — Adjustments to preliminary purchase price allocations

$0—

MKLIndustrial — Adjustments to preliminary purchase price allocations

$10.89M—

ULSConsumer — Measurement period adjustments

$0—

MKLOther Operations — Adjustments to preliminary purchase price allocation

$0—

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 us-gaap:GoodwillPurchaseAccountingAdjustments.

The official record: McCormick & Company, Incorporated’s 10-K, filed January 26, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is McCormick & Company, Incorporated's consumer segment — changes in preliminary purchase price allocation?: McCormick & Company, Incorporated (MKC) reported consumer segment — changes in preliminary purchase price allocation of $0 in Q3 2022.
What does consumer segment — changes in preliminary purchase price allocation mean?: Adjustments to the initial valuation of assets and liabilities following an acquisition.
How do you interpret consumer segment — changes in preliminary purchase price allocation?: Frequent or large adjustments may indicate complexity in valuation or initial estimation errors.
How does consumer segment — changes in preliminary purchase price allocation compare across companies?: Standard accounting disclosure under 'Purchase Price Allocation' or 'Measurement Period Adjustments'.