J M SMUCKER Co
For the period ended Oct 31, 2024. Filed Nov 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 31, 2024 · Filed Nov 26, 2024
SJM$133.60+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Consolidated Income
| Three Months Ended October 31, | Six Months Ended October 31, | |||
|---|---|---|---|---|
| Dollars in millions, except per share data | 2024 | 2023 | 2024 | 2023 |
| Net sales | $2,271.2 | $1,938.6 | $4,396.3 | $3,743.8 |
| Cost of products sold (A) | 1,385.1 | 1,214.4 | 2,713.0 | 2,364.8 |
| Gross Profit | 886.1 | 724.2 | 1,683.3 | 1,379.0 |
| Selling, distribution, and administrative expenses | 390.7 | 333.5 | 780.8 | 647.1 |
| Amortization | 55.8 | 39.6 | 111.8 | 79.4 |
| Other special project costs (A) | 10.7 | 6.8 | 17.8 | 6.8 |
| Loss (gain) on divestitures – net | 260.8 | 13.8 | 260.8 | 12.6 |
| Other operating expense (income) – net | (1.6) | 31.6 | (7.1) | 30.7 |
| Operating Income | 169.7 | 298.9 | 519.2 | 602.4 |
| Interest expense – net | (98.7) | (35.1) | (199.1) | (67.2) |
| Other debt costs (A) | — | (19.5) | — | (19.5) |
| Other income (expense) – net (A) | (4.2) | 5.1 | (7.3) | (27.9) |
| Income (Loss) Before Income Taxes | 66.8 | 249.4 | 312.8 | 487.8 |
| Income tax expense | 91.3 | 54.5 | 152.3 | 109.3 |
| Net Income (Loss) | $(24.5) | $194.9 | $160.5 | $378.5 |
| Earnings per common share: | ||||
| Net Income (Loss) | $(0.23) | $1.91 | $1.51 | $3.70 |
| Net Income (Loss) – Assuming Dilution | $(0.23) | $1.90 | $1.51 | $3.69 |
(A)Includes certain divestiture, acquisition, integration, and restructuring costs (“special project costs”). For more information, see Note 5: Special Project Costs, Note 6: Reportable Segments, and Note 8: Debt and Financing Arrangements.
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