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COMPANY BENCHMARKING • UNITED STATES

Mccormick & Co Inc. - Company Profile

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Mccormick & Co Inc. - Overview

Brands
Aeroplane, Billy Bee, Cattlemen's, Cholula, Club House, Ducros, El Guapo, Fona International, Frank's RedHot, French's, Lawry's, McCormick, OLD BAY Seasoning, Stubb's, Thai Kitchen, Zatarains
Description
Mccormick & Co Inc. is a public company headquartered in Maryland with an estimated 14,000 employees. In the US, the company has a notable market share in at least four industries: Table Salt Production, BBQ Sauce Production, Seasoning, Sauce and Condiment Production and Hot Sauce Production. Their largest market share is in the Table Salt Production industry, where they account for an estimated 28.0% of total industry revenue and are considered an All Star because they display stronger market share, profit and revenue growth compared to their peers.
Company Details

Registered Name: Mccormick & Co Inc.

Company Type: Operating

Exchange: NYSE

Headquarters: 24 Schilling Road Suite 1 Hunt Valley MD 21031

Website: http://www.mccormickcorporation.com

Employees: 14000

Mccormick & Co Inc. - Operating Industries and Main Competitors

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Mccormick & Co Inc. - Products and Services

  • Seasoning, Sauce and Condiment Production in the US

  • Of the 5 core revenue-generating products and services in the Seasoning, Sauce and Condiment Production in the US industry, Mccormick & Co Inc. offers:
    • Dry-mix food preparations
    • Flavoring extracts, emulsions, liquid flavors and colorings
    • Mayonnaise, salad dressings and sandwich spreads
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  • BBQ Sauce Production

  • Of the 3 core revenue-generating products and services in the BBQ Sauce Production industry, Mccormick & Co Inc. offers:
    • Dry barbecue rubs and marinades
    • Original barbecue sauces
    • Specialty, regional and flavored barbecue sauces
  • Hot Sauce Production

  • Of the 3 core revenue-generating products and services in the Hot Sauce Production industry, Mccormick & Co Inc. offers:
    • Hot
    • Medium
    • Mild
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Mccormick & Co Inc. - Analyst Insights

McCormick & Company expands company with the buyout of FONA International

On December 30, 2020, McCormick & Company Inc. (McCormick) announce that the company had just acquired all of the shares belonging to FONA International LLC (FONA) making McCormick the new parent company of FONA. FONA is a company that provides flavors for various food products. With this acquisition, McCormick continues to expand its reach across various markets with the company now having a stronger reach into the flavor industry. This acquisition comes follows the company's history of making high valued acquisitions to expand its product offerings.

M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Mccormick & Co Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Mccormick & Co Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Seasoning, Sauce and Condiment Production in the US, BBQ Sauce Production, and Hot Sauce Production industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Mccormick & Co Inc. - Financial Statements & Ratios

pie_chartMccormick & Co Inc. Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue6,317.95,601.35,347.45,302.84,730.34,411.5
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartMccormick & Co Inc. Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents351.7423.6155.496.6186.8118.4
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
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pie_chartMccormick & Co Inc. Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net IncomeN/AN/AN/AN/AN/AN/A
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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