Reports Q4 revenue $1.8B, consensus $1.77B. Brendan Foley, chairman, president, and CEO, stated, “We are pleased to report strong performance for both fourth quarter and fiscal year 2024, an important year for McCormick (MKC), in which we built momentum and strengthened our leadership, returning to differentiated and sustainable volume-led growth. We successfully delivered on our objectives for the year. Our strategic investments in core categories enabled us to drive positive volume growth, expand our margins, and deliver robust earnings growth. Additionally, we achieved another year of strong cash flow, paid down debt, and reduced our leverage ratio, further strengthening our balance sheet.”
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