McCormick posts record fourth-quarter earnings on...

http://baltimorecheckbook.tumblr.com/post/156356559517/mccormick-posts-record-fourth-quarter-earnings-on#_=_

McCormick & Co. Inc. overcame challenges from currency exchange rates to record earnings in the fourth quarter. The Sparks-based spice maker reported net income of $157.4 million, or $1.24 per share, for the quarter ending Nov. 30. That’s up 5 percent from $149.2 million, or $1.16 per share, in the year-ago period. Sales rose to $1.23 billion, up 2 percent from the fourth quarter a year ago. The sales growth includes a 2 percent unfavorable impact from foreign currency exchange rates. Analysts…