Company Quick10K Filing
JM Smucker
10-Q 2020-01-31 Filed 2020-02-27
10-Q 2019-10-31 Filed 2019-11-22
10-Q 2019-07-31 Filed 2019-08-27
10-K 2019-04-30 Filed 2019-06-17
10-Q 2019-01-31 Filed 2019-02-26
10-Q 2018-10-31 Filed 2018-11-28
10-Q 2018-07-31 Filed 2018-08-27
10-K 2018-04-30 Filed 2018-06-18
10-Q 2018-01-31 Filed 2018-02-23
10-Q 2017-10-31 Filed 2017-11-22
10-Q 2017-07-31 Filed 2017-08-31
10-K 2017-04-30 Filed 2017-06-19
10-Q 2017-01-31 Filed 2017-02-24
10-Q 2016-10-31 Filed 2016-11-22
10-Q 2016-07-31 Filed 2016-08-30
10-K 2016-04-30 Filed 2016-06-21
10-Q 2016-01-31 Filed 2016-03-03
10-Q 2015-10-31 Filed 2015-12-04
10-Q 2015-07-31 Filed 2015-09-02
10-K 2015-04-30 Filed 2015-06-25
10-Q 2015-01-31 Filed 2015-02-27
10-Q 2014-10-31 Filed 2014-11-26
10-Q 2014-07-31 Filed 2014-08-27
10-K 2014-04-30 Filed 2014-06-23
10-Q 2014-01-31 Filed 2014-02-27
10-Q 2013-10-31 Filed 2013-11-27
10-K 2013-04-30 Filed 2013-06-21
10-Q 2013-01-31 Filed 2013-03-01
10-Q 2012-10-31 Filed 2012-12-04
10-Q 2012-07-31 Filed 2012-09-06
10-K 2012-04-30 Filed 2012-06-25
10-Q 2012-01-31 Filed 2012-03-09
10-Q 2011-10-31 Filed 2011-12-09
10-Q 2011-07-31 Filed 2011-09-08
10-K 2011-04-30 Filed 2011-06-28
10-Q 2011-01-31 Filed 2011-03-11
10-Q 2010-10-31 Filed 2010-12-10
10-Q 2010-07-31 Filed 2010-09-09
10-K 2010-04-30 Filed 2010-06-24
10-Q 2010-01-31 Filed 2010-03-11
8-K 2020-04-20 Regulation FD, Other Events, Exhibits
8-K 2020-03-19 Other Events, Exhibits
8-K 2020-03-09 Officers, Other Events, Exhibits
8-K 2020-03-09 Enter Agreement, Exhibits
8-K 2020-03-04 Enter Agreement, Other Events, Exhibits
8-K 2020-02-26 Earnings, Exhibits
8-K 2020-01-17 Officers, Amend Bylaw, Exhibits
8-K 2020-01-10 Officers
8-K 2019-11-22 Earnings, Exhibits
8-K 2019-11-14 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-11-08 Officers, Other Events, Exhibits
8-K 2019-08-27 Earnings, Exhibits
8-K 2019-08-14 Shareholder Vote
8-K 2019-06-26 Amend Bylaw, Exhibits
8-K 2019-06-06 Earnings, Exhibits
8-K 2019-02-26 Earnings, Exhibits
8-K 2018-11-28 Earnings, Exhibits
8-K 2018-08-21 Earnings, Exhibits
8-K 2018-08-15 Shareholder Vote
8-K 2018-06-25 Shareholder Rights, Exhibits
8-K 2018-06-07 Earnings, Exhibits
8-K 2018-05-14 M&A, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-04-26 Enter Agreement, Off-BS Arrangement, Officers, Other Events, Exhibits
8-K 2018-04-04 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-03-02 Officers
8-K 2018-02-16 Earnings, Exhibits
8-K 2018-01-19 Officers, Code of Ethics, Other Events, Exhibits

JM Smucker Financials

SJM Metrics, Comps, Filings

Quarterly | Annual

Business

The Company: The J. M. Smucker Company ("Company," "registrant," "we," "us," or "our"), often referred to as Smucker's (a registered trademark), was established in 1897 and incorporated in Ohio in 1921. We operate principally in one industry, the manufacturing and marketing of branded food and beverage products on a worldwide basis, although the majority of our sales are in the U.S. Our operations outside the U.S. are principally in Canada, although products are exported to other countries as well. Net sales outside the U.S., subject to foreign currency translation, represented 5 percent of consolidated net sales for 2019. Our branded food and beverage products include a strong portfolio of trusted, iconic, market-leading brands that are sold to consumers through retail outlets in North America.

On May 14, 2018, we completed the acquisition of Ainsworth Pet Nutrition, LLC ("Ainsworth"), a leading producer, distributor, and marketer of premium pet food and pet snacks, predominantly within the U.S. The majority of Ainsworth's sales are generated by the Rachael Ray® Nutrish® brand, which is driving significant growth in the premium pet food category. The all-cash transaction, which was funded with debt, was valued at $1.9 billion. For further information, refer to Note 2: Acquisition.

On August 31, 2018, we sold our U.S. baking business to Brynwood Partners VII L.P. and Brynwood Partners VIII L.P., subsidiaries of Brynwood Partners, an unrelated party. The transaction included products that were primarily sold in U.S. retail channels under the Pillsbury®, Martha White®, Hungry Jack®, White Lily®, and Jim Dandy® brands, along with all relevant trademarks and licensing agreements, and our manufacturing facility in Toledo, Ohio. This business generated net sales of approximately $370.0 million in 2018. The transaction did not include our baking business in Canada. For further information, refer to Note 4: Divestiture.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Archer Daniels Midland (ADM) 23,131 6% 11.3 3% 41,804 22,856 64,274 4,031 1,195 2,456 27,752
Kellogg (K) 21,854 32% 19.8 4% 17,499 14,772 13,672 4,382 741 1,503 29,701
McCormick (MKC) 20,884 42% 24.6 7% 10,237 6,854 5,378 2,252 685 1,011 24,877
Conagra Brands (CAG) 14,622 28% 22.0 3% 22,354 14,838 10,095 2,802 676 1,192 26,217
Campbell Soup (CPB) 14,202 31% 23.8 1% 13,110 11,861 8,854 2,781 183 876 20,847
JM Smucker (SJM) 12,454 38% 13.9 3% 16,791 8,696 7,651 2,920 559 1,284 17,789
Lamb Weston (LW) 10,857 27% 14.5 15% 3,223 3,130 3,831 1,022 492 902 13,095
Bunge (BG) 8,067 1% -29.6 -6% 18,634 14,174 41,900 393 -1,166 -419 12,420
Post Holdings (POST) 7,889 32% 16.9 1% 11,952 9,014 5,681 1,792 126 824 13,954
Ingredion (INGR) 5,635 23% 10.5 7% 6,095 3,502 5,737 1,309 405 683 7,193
Flowers Foods (FLO) 4,840 0% 15.3 6% 3,209 1,916 4,087 0 183 373 5,717
Lancaster Colony (LANC) 4,044 25% 17.1 16% 962 213 1,328 337 152 226 3,870
Darling Ingredients (DAR) 3,335 17% 12.6 2% 4,945 2,572 3,358 560 120 383 4,826
Treehouse Foods (THS) 3,069 17% -27.3 -7% 5,261 3,455 5,090 840 -390 -192 5,239
Nomad Foods (NOMD) 2,910 0% 5,341 3,282 0 0 0 0 2,910
Hain Celestial Group (HAIN) 2,245 20% -13.3 -11% 2,236 765 2,224 443 -253 -192 2,550
Freshpet (FRPT) 1,850 36% 229.2 -2% 206 83 232 84 -4 8 1,878
Hostess Brands (TWNK) 1,685 25% 16.5 2% 3,067 1,510 906 229 70 145 2,401
B&G Foods (BGS) 1,254 21% 12.8 5% 3,572 2,729 1,648 339 178 245 3,137
Medifast (MED) 1,216 75% 12.3 37% 199 87 689 518 74 92 1,135

Balance Sheet ($MM)2010-07-312010-10-312011-01-312011-04-302011-07-312011-10-312012-01-312012-04-302012-07-312012-10-312013-01-312013-04-302013-07-312013-10-312014-01-312014-04-302014-07-312014-10-312015-01-312015-04-302015-07-312015-10-312016-01-312016-04-302016-07-312016-10-312017-01-312017-04-302017-07-312017-10-312018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-312019-10-31
Cash5234875503201024963702303112044392561581501691541491051121261341391401101101221401671831801861931921712061014949
Accounts Receivable305416290344350462365348391469360314357464365309392453374430508605504450523518421439434482423386504562503504474522
Inventory7668237358641,2141,1449919621,0199758789461,0591,0248659311,0841,0659441,1641,1511,0519428991,0151,0289969069811,0129098541,0179669259101,0131,013
PP&E1,4251,4531,4801,5241,6251,6781,8221,8531,8911,9251,9361,9852,0122,0572,0742,1642,2072,2682,3092,6992,7262,7762,7572,8042,8242,8612,9002,9823,0133,0783,1303,2563,3963,3433,4233,5323,5583,603
Assets8,4198,5538,3598,3258,7829,2159,2369,1159,2629,1899,1849,0329,0349,2468,98910,62610,79611,00110,97216,94217,01317,28117,16115,98418,06318,25118,27115,64018,49715,70215,32915,30117,51317,17416,92816,71116,79216,791
Accounts Payable184194175235288261232275283290252286265262220289279251232403347341371459452436428477478507471512532552520591503522
Long-Term Debt1,3101,3001,3001,3041,3182,0722,0712,0712,4722,4582,4232,3882,2922,2902,2782,2391,8811,8911,9165,9455,6955,4945,1465,1465,0464,9454,9454,9444,9444,7944,6884,6886,1855,8855,5855,4855,4845,384
Liabilities3,0243,0492,9953,0323,4343,8523,8523,9524,0394,0363,9243,8833,9594,0783,7845,5965,7125,8365,7479,8559,88310,0479,8358,97610,96711,07011,0308,79011,5658,6667,5257,4109,5829,1448,9068,7418,7848,696
Stockholders' Equity5,3955,5045,3635,2925,3485,8195,9105,9595,7795,8605,9005,9836,0236,1456,2296,3206,4006,5156,57111,24311,32811,50211,5957,00811,80611,95412,0686,85012,2907,0367,8047,8917,9318,0308,0227,9708,0088,095
Income Statement ($MM)2010-07-312010-10-312011-01-312011-04-302011-07-312011-10-312012-01-312012-04-302012-07-312012-10-312013-01-312013-04-302013-07-312013-10-312014-01-312014-04-302014-07-312014-10-312015-01-312015-04-302015-07-312015-10-312016-01-312016-04-302016-07-312016-10-312017-01-312017-04-302017-07-312017-10-312018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-312019-10-31
Revenue1,0471,2791,3121,1871,1891,5141,4681,3551,3701,6291,560-1,1881,5931,8551,7212,2251,5181,7861,6801,4472,2342,3162,1901,8082,6002,7142,6851,7842,2431,9241,9031,7811,9022,0222,0121,9021,7791,958
Cost of Revenue6397848387667581,0151,0029069001,0831,0233441,1001,3031,1761,7851,0391,1191,1574801,5051,5291,4271,1201,8771,9711,9621,1371,5811,1691,1751,0911,2241,2501,2381,2101,0791,204
Gross Profit408495474421431499466450470546536-1,532493553545440479666523967729787764688723743723647662755728690678771774692700754
R&D
SG&A203223214223217239225215232264251233250270250218253256237288388390381352356363337334350361332328383382373370380362
Tax477264555566606056758027363778042608178-4086949019838863526297-71578408136305268
Net Income10315013295112127117104111149723-1,029127153167621161581617013617618519117017713511012719583118613318812172155211
Cash Flow ($MM)2010-07-312010-10-312011-01-312011-04-302011-07-312011-10-312012-01-312012-04-302012-07-312012-10-312013-01-312013-04-302013-07-312013-10-312014-01-312014-04-302014-07-312014-10-312015-01-312015-04-302015-07-312015-10-312016-01-312016-04-302016-07-312016-10-312017-01-312017-04-302017-07-312017-10-312018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-312019-10-31
Cash Operating-2747375-3-58118409262177183-36085682128249138-34538222305275542336239136420264304130469314243203274222224
Cash Investing-84-26-35-48-412-60-438-126928-1261260-132-125-1134-132-203-1,209-15-58127-9-7-34-52-42-14-68-66-106-2,032313-101-52-52
Cash Financing351-57-280-185254341-97-27873-228292-6419-76-1352996072-3501,1421-213-662-3660-88-351-1940-61-404-1971,790-534-275-223-173