Strong Quarter For McCormick

NEW YORK - Sep 24/09 - SNS -- McCormick & Company, Incorporated reported net income of U.S. $65.1 million on sales of $791.7 million during the third quarter ending August 31, compared to $68.6 million on sales of $781.6 million during the same three month period last year.

This lifted fiscal year to date net income to $183.5 million on sales of $2,267.5 million, compared to net income of $173.4 million on sales of $2,269.7 million the first nine months of the previous fiscal year.

In releasing its quarterly results, the company said the "successful acquisition of strong brands has led to higher profits at McCormick. . . . related to the Lawry's acquisition."

Alan D. Wilson, Chairman, President and CEO, added, "It has now been one year since we completed the largest acquisition in our history. The Lawry's business has proven to be an excellent addition to our portfolio, and I am pleased to report that we have reignited sales growth with new products and advertising.

"As we head into the holiday season, we believe McCormick is positioned for further increases in sales and profits. Our employees are focused on driving sales and managing costs, and we are confident that 2009 will be another year of record financial results."