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McCormick logoMcCormick MKC

McCormick said net sales for Q2 2025 increased 1.0% compared to Q2 2024. The company said volume and product mix increased net sales by 1.3% and foreign currency rates decreased sales by 0.6%.

10-QQuarterly reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. McCormick said net sales for Q2 2025 increased 1.0% compared to Q2 2024. The company said volume and product mix increased net sales by 1.3% and foreign currency rates decreased sales by 0.6%.

  2. McCormick said operating income for Q2 2025 was $245.8 million, an increase of 5.0% from $234.1 million in Q2 2024. Excluding special charges, adjusted operating income was $258.6 million.

  3. McCormick said diluted earnings per share for Q2 2025 was $0.65, lower than $0.68 in Q2 2024. Excluding special charges, adjusted diluted earnings per share was $0.69 in both quarters.

  4. McCormick said net cash provided by operating activities for the 6 months ended May 31, 2025 was $161.4 million, a decrease of $140.1 million from $301.5 million in the corresponding 2024 period. The company cited increased cash used for working capital as a factor in the decrease.

Key figures

Quarter ended May 31, 2025

Revenue
$1.7B
Operating income
$246M
Net income
$175M
EPS
$0.65
Gross profit
$623M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q2 2025 Net Sales Up 1.0%

McCormick said net sales for Q2 2025 increased 1.0% compared to Q2 2024. The company said volume and product mix increased net sales by 1.3% and foreign currency rates decreased sales by 0.6%.

Source · Based on the MD&A text of the filing

Q2 Operating Income $245.8 million

McCormick said operating income for Q2 2025 was $245.8 million, an increase of 5.0% from $234.1 million in Q2 2024. Excluding special charges, adjusted operating income was $258.6 million.

Source · Based on the MD&A text of the filing

Q2 Diluted Earnings Per Share $0.65

McCormick said diluted earnings per share for Q2 2025 was $0.65, lower than $0.68 in Q2 2024. Excluding special charges, adjusted diluted earnings per share was $0.69 in both quarters.

Source · Based on the MD&A text of the filing

6-Month Operating Cash Flow $161.4 million

McCormick said net cash provided by operating activities for the 6 months ended May 31, 2025 was $161.4 million, a decrease of $140.1 million from $301.5 million in the corresponding 2024 period. The company cited increased cash used for working capital as a factor in the decrease.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.