McCormick & Co MD | 10-Q: FY2025 Q3 Revenue: USD 1.725 B

Revenue: As of FY2025 Q3, the actual value is USD 1.725 B.

EPS: As of FY2025 Q3, the actual value is USD 0.84.

EBIT: As of FY2025 Q3, the actual value is USD 338.9 M.

Consumer Segment

• Net Sales: $973.2 million for Q3 2025, up 3.8% from $937.4 million in Q3 2024; $2,823.0 million for the nine months ended August 31, 2025, up 2.2% from $2,763.4 million in the same period of 2024.
• Operating Income: $193.8 million for Q3 2025, up 3.7% from $186.8 million in Q3 2024; $504.1 million for the nine months ended August 31, 2025, down 1.6% from $512.4 million in the same period of 2024.
• Operating Income Margin: 19.9% for Q3 2025, unchanged from Q3 2024; 17.9% for the nine months ended August 31, 2025, down from 18.5% in the same period of 2024.

Flavor Solutions Segment

• Net Sales: $751.7 million for Q3 2025, up 1.2% from $742.4 million in Q3 2024; $2,166.9 million for the nine months ended August 31, 2025, up 0.2% from $2,162.3 million in the same period of 2024.
• Operating Income: $99.8 million for Q3 2025, down 1.8% from $101.6 million in Q3 2024; $273.3 million for the nine months ended August 31, 2025, up 9.5% from $249.6 million in the same period of 2024.
• Operating Income Margin: 13.3% for Q3 2025, down from 13.7% in Q3 2024; 12.6% for the nine months ended August 31, 2025, up from 11.5% in the same period of 2024.

Cash Flow

• Operating Cash Flow: $420.2 million for the nine months ended August 31, 2025, down from $463.2 million in the same period of 2024.
• Investing Cash Flow: - $172.2 million for the nine months ended August 31, 2025, down from - $189.1 million in the same period of 2024.
• Financing Cash Flow: - $378.3 million for the nine months ended August 31, 2025, up from - $205.9 million in the same period of 2024.

Future Outlook

• Net Sales Growth: Expected to grow between 0% and 2% in 2025 compared to 2024, with a 1% unfavorable impact from foreign currency rates.
• Operating Income Growth: Anticipated increase of 1% to 3% over 2024 levels, including a 1% unfavorable impact from foreign currency rates.
• Diluted Earnings Per Share: Projected to range from $2.95 to $3.00 in 2025, with adjusted diluted earnings per share expected to increase by 2% to 4%, including a 2% unfavorable impact from currency rates.