TO STAND FOGETHER FOR THE OF FLAVOR. MCCORMICK & COMPANY, INC. 1ST QUARTER 2021 FINANCIAL RESULTS AND OUTLOOK The following slides accompany a March 30th, 2021, earnings release conference call. This information should be MARCH 30, 2021 read in conjunction with the press release issued on that date. FORWARD-LOOKING INFORMATION Certain information contained in this presentation, including statements concerning expected performance, such as those relating to net sales, volume and product mix, gross margins, e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-14920 McCORMICK & COMPANY, INCORPORATED (Exact name of registrant as specified in its charter) Maryland 52-0408290 (State or ...

McCormick & Company, Inc. 4th Quarter 2020 Financial Results and 2021 Outlook January 28, 2021 BUILDING THE McCORMICK OF THE FUTURE The following slides accompany a January 28th, 2021, earnings release conference call. This information should be read in conjunction with the press release issued on that date. FORWARD-LOOKING INFORMATION Certain information contained in this presentation, including statements concerning expected performance, such as those relating to net sales, volume and product mix, gross m ...

McCormick & Company, Incorporated (NYSE:MKC) Q4 2020 Earnings Conference Call January 28, 2021 8:00 AM ET Company Participants Kasey Jenkins ??? Vice President-Investor Relations Lawrence Kurzius ??? Chairman, President and Chief Executive Officer Mike Smith ??? Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Lazar ??? Barclays Ken Goldman ??? JPMorgan Alexia Howard ??? Bernstein Robert Moskow ??? Credit Suisse Faiza Alwy ??? Deustche Bank Adam Samuelsom ??? Goldman ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended November 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-14920 McCORMICK & COMPANY, INCORPORATED (Exact name of registrant as specified in its charter) Maryland 52-0408290 (State or other ju ...

Financial Performance - Net sales for the three months ended August 31, 2020, increased to $1,430.3 million, up 7.6% from $1,329.2 million in the same period of 2019[9] - Gross profit for the nine months ended August 31, 2020, was $1,639.7 million, representing a 8.2% increase from $1,515.3 million in 2019[9] - Operating income for the three months ended August 31, 2020, was $273.0 million, a 7.7% increase compared to $253.5 million in 2019[9] - Net income for the nine months ended August 31, 2020, rose to $546.7 million, up 11.7% from $489.3 million in 2019[11] - Earnings per share (EPS) for the three months ended August 31, 2020, increased to $1.55, compared to $1.45 in the same period of 2019[9] - For the three months ended August 31, 2020, net income was $206.1 million, compared to $191.9 million for the same period in 2019, representing a 7.0% increase[18] - The company reported a net income of $546.7 million for the nine months ended August 31, 2020, compared to $489.3 million for the same period in 2019, reflecting an increase of 11.7%[19] - The company recorded a total operating income of $724.6 million for the nine months ended August 31, 2020, compared to $658.5 million for the same period in 2019, marking a 10.0% increase[93] Cash and Assets - Cash and cash equivalents at the end of the period were $221.0 million, up from $162.9 million at the end of August 31, 2019[14] - Total assets as of August 31, 2020, were $10,860.7 million, an increase from $10,366.0 million in 2019[14] - Total liabilities as of August 31, 2020, were $6,914.7 million, compared to $6,885.4 million in 2019[14] - The total shareholders' equity as of August 31, 2020, was $3,946.0 million, up from $3,480.6 million a year earlier, indicating a growth of 13.4%[18] - The balance of retained earnings increased to $2,391.0 million as of August 31, 2020, up from $2,019.8 million a year earlier, representing a growth of about 18.4%[18] Dividends and Share Repurchase - The company declared cash dividends of $0.62 per share for the three months ended August 31, 2020, up from $0.57 in 2019[9] - Dividends paid during the nine months ended August 31, 2020, totaled $165.0 million, compared to $151.1 million in the same period of 2019, marking an increase of 9.3%[19] - The company declared dividends totaling $82.6 million for the three months ended August 31, 2020, compared to $75.6 million in the same period of 2019, indicating a year-over-year increase of approximately 9.3%[18] - Shares purchased and retired during the three months ended August 31, 2020, totaled $28.6 million, compared to $18.3 million in the same period of 2019, reflecting an increase of approximately 56.5%[18] - As of August 31, 2020, the company had $586.0 million remaining from the $600 million share repurchase program authorized in November 2019[85] Segment Performance - The consumer segment generated net sales of $910.9 million for the three months ended August 31, 2020, up from $794.2 million in the prior year, representing a 14.6% increase[92] - The flavor solutions segment reported net sales of $519.4 million for the three months ended August 31, 2020, down from $535.0 million in the same period of 2019, indicating a decrease of 2.4%[92] - For the nine months ended August 31, 2020, consumer segment sales increased by 11.7% compared to the same period in 2019, driven by a shift in consumer behavior towards at-home meal preparation[135] - The flavor solutions segment experienced a 5.7% decline in sales for the nine months ended August 31, 2020, due to lower demand during the COVID-19 disruption[143] Special Charges and Costs - Special charges for the three months ended August 31, 2020, were $0.1 million, significantly lower than $7.7 million in the same period of 2019[34] - The company incurred $1.1 million in special charges related to the GE initiative during the nine months ended August 31, 2020[39] - For the nine months ended August 31, 2020, the company recorded special charges of $4.0 million, including $2.9 million for streamlining actions in the EMEA region and $1.1 million related to the GE initiative[39] Future Projections - The company projects 2020 sales growth at the upper end of a 4% to 5% range, with an estimated 1% unfavorable impact from currency rates, translating to 5% to 6% growth on a constant currency basis[107] - Anticipated operating income for 2020 is expected to increase by 6% to 7%, reflecting lower special charges estimated at $7.0 million compared to $20.8 million in 2019[108] - Adjusted diluted earnings per share for 2020 are projected to range from $5.60 to $5.68, representing a growth of 5% to 7% over the adjusted diluted earnings per share of $5.35 in 2019[110] - The effective tax rate for 2020 is projected to be approximately 20%, including the impact of discrete tax items[109] Cash Flow and Financing - Net cash flow provided by operating activities for the nine months ended August 31, 2020, was $626.7 million, compared to $494.6 million in 2019[16] - Cash used in investing activities rose to $143.3 million for the nine months ended August 31, 2020, compared to $104.5 million in the prior year, an increase of 37.1%[172] - Financing activities used cash of $432.7 million in the first nine months of 2020, compared to $319.2 million in the same period of 2019, reflecting a 35.5% increase[173] - The average short-term borrowings outstanding for the nine months ended August 31, 2020, were $567.3 million, down from $839.0 million in the same period of 2019, a decrease of 32.3%[179] Market Conditions and Risks - The impact of COVID-19 led to increased demand in the consumer segment, while the flavor solutions segment faced decreased demand due to restaurant closures, affecting overall performance[26] - The company is exposed to foreign exchange risks, with a notional value of forward foreign currency contracts at $363.4 million as of August 31, 2020[148] - Interest rate swap contracts had a notional value of $350.0 million as of August 31, 2020, with an unrealized net gain of $45.6 million[150]

McCormick & Company, Incorporated (NYSE:MKC) Q3 2020 Earnings Conference Call September 29, 2020 8:00 AM ET Company Participants Kasey Jenkins - VP, IR Lawrence Kurzius - Chairman, President and CEO Mike Smith - EVP and CFO Conference Call Participants Andrew Lazar - Barclays Capital Ken Goldman - JP Morgan Alexia Howard - AllianceBernstein Robert Moskow - Credit Suisse Chris Growe - Stifel Nicolaus Adam Samuelson - Goldman Sachs Peter Galbo - Bank of America Merrill Lynch David Driscoll - DD Research Kasey ...

TIP McCormick & Company, Inc. 3rd Quarter 2020 Financial Results September 29, 2020 BUILDING THE McCORMICK OF THE FUTURE The following slides accompany a September 29th, 2020, earnings release conference call. This information should be read in conjunction with the press release issued on that date. FORWARD-LOOKING INFORMATION Certain information contained in this release, including statements concerning expected performance, such as those relating to net sales, volume and product mix, gross margins, earnin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-14920 McCORMICK & COMPANY, INCORPORATED (Exact name of registrant as specified in its charter) Maryland 52-0408290 (State or other ...

McCormick & Company, Incorporated (NYSE:MKC) Q2 2020 Earnings Conference Call June 25, 2020 8:00 AM ET Company Participants Kasey Jenkins - Vice President, Investor Relations Lawrence Kurzius - Chairman, President and Chief Executive Officer Michael Smith - Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Capital Ken Goldman - JP Morgan Robert Moskow - Credit Suisse Alexia Howard - Bernstein Research Faiza Alwy - Deutsche Bank Chris Growe - Stifel Nic ...