McCormick & Company, Inc. said its normalized net income for the fiscal first quarter ended Feb. 28 was 64 cents per share, compared with the S&P Capital IQ consensus estimate of 74 cents per share.
EPS increased year over year from 62 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $81.5 million, an increase from $78.9 million in the year-earlier period.
The normalized profit margin increased to 7.8% from 7.7% in the year-earlier period.
Total revenue increased year over year to $1.04 billion from $1.03 billion, and total operating expenses totaled $905.9 million, compared with $899.5 million in the year-earlier period.
Reported net income came to $93.9 million, or 74 cents per share, compared with $93.7 million, or 73 cents per share, in the prior-year period.