What does industrial — goodwill acquired mean?

The value of goodwill added to the Industrial segment from new business acquisitions this period.

How do you interpret industrial — goodwill acquired?

Higher values indicate active M&A activity and investment in inorganic growth.

How does industrial — goodwill acquired compare across companies?

Commonly reported by companies with active acquisition strategies in the food and beverage industry.

McCormick & Company, Incorporated MKC Industrial — Goodwill Acquired

Discontinued — last reported Q2 '18

Similar metrics at other companies

WWDIndustrial — Goodwill Acquired

$257.45M—

MKLIndustrial — Goodwill, Acquired During Period

$132K-99.5%

RPMIndustrial — Goodwill Acquired

$1.46M-70.5%

GGGIndustrial — Goodwill Purchase Accounting Adjustments

$0—

MOG.BIndustrial — Goodwill, Acquired During Period

$0—

GPCIndustrial — Goodwill Acquired

$4.48M-50.6%

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:GoodwillAcquiredDuringPeriod.

The official record: McCormick & Company, Incorporated’s 10-Q, filed June 28, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does industrial — goodwill acquired mean?: The value of goodwill added to the Industrial segment from new business acquisitions this period.
How do you interpret industrial — goodwill acquired?: Higher values indicate active M&A activity and investment in inorganic growth.
How does industrial — goodwill acquired compare across companies?: Commonly reported by companies with active acquisition strategies in the food and beverage industry.