Earnings ·
Sensient reports Q3 revenue of $455.8M, up 10.6%, and diluted EPS of $1.13
SXTSensient Technologies Corp
Sensient Technologies reported third-quarter results with consolidated revenue increasing 10.6% to $455.8 million from $412.1 million a year earlier. Operating income rose 25.5% to $72.4 million, driven by strong volume growth in the Color segment and higher prices in Flavors & Extracts. Diluted earnings per share increased 29.9% to $1.13 from $0.87. The company maintained its full-year guidance for high single-digit to low double-digit local currency revenue growth and mid-teen to high teen adjusted EBITDA growth, while raising the diluted EPS target range to between $4.15 and $4.20. Sensient Technologies is a leading global manufacturer and marketer of colors, flavors, and specialty ingredients for food, beverage, pharmaceutical, and personal care industries.