US spice-maker McCormick & Co has posted a rise in quarterly earnings, helped by higher shipments and foreign exchange benefits.

McCormick posted net income of US$77.2m for its fourth quarter to 30 November, compared with $59.1m a year earlier.

The company said revenue increased to $703.4m from $652.0m in the prior-year period.

McCormick, which is based in Sparks, Maryland, said it was actively pursuing acquisitions, reported Reuters.