McCormick & Company (NYSE:MKC) released Q2 2005 earnings for the period ended May 31, on June 30.
- Full-year earnings guidance was reduced to $1.66-$1.70 from the previous range of $1.70-$1.74.
Income Statement Highlights
| Avg. Est. | Q2 2005 | Q2 2004 | % Change | |
|---|---|---|---|---|
| Sales | $628,710 | $628,571 | $596,164 | +5.4% |
| Net Profit | -- | $42,794 | $42,853 | -0.1% |
| EPS | $0.30 | $0.31 | $0.30 | +3.3% |
Balance Sheet Highlights
| Assets | Q2 2005 | Q2 2004 | % Change |
|---|---|---|---|
| Cash+ ST Invest. | $20,096 | $16,125 | +24.6% |
| Inventory | $345,281 | $373,974 | -7.7% |
| Accounts Rec. | $328,117 | $309,700 | +5.9% |
Figures in thousands
| Liabilities | Q2 2005 | Q2 2004 | % Change |
|---|---|---|---|
| Long-Term Debt | $271,202 | $495,884 | -45.3% |
| Accounts Pay. | $167,816 | $166,188 | +1.0% |
Figures in thousands
Margin Checkup
| Q2 2005 | Q2 2004 | Change | |
|---|---|---|---|
| Gross Margin | 38.40% | 38.90% | -0.51% |
| Op. Margin | 11.32% | 11.70% | -0.38% |
| Net Margin | 6.81% | 7.19% | -0.38% |
Cash Flow Highlights
| Q2 2005 | Q2 2004 | % Change | |
|---|---|---|---|
| Cash From Ops | $66,580 | $79,533 | -16.3% |
| Capital Expend. | $30,316 | $27,654 | +9.6% |
| Free Cash Flow | $36,264 | $51,879 | -30.1% |
Related companies:
- Alberto-Culver (NYSE:ACV)
- International Flavors (NYSE:IFF)
- Kraft Foods (NYSE:KFT)
- ConAgra (NYSE:CAG)
For related Foolishness:
- If you're in McCormick for the dividend, take a look at other ways to be an income investor.
- Turnarounds, cyclicals, and other boring companies are some of the best dirt-cheap dream stocks.
- See why McCormick was not so spicy last quarter.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication, Seth Jayson had positions in no companies mentioned. Fool rules are here.
