Sensient Tech Stock Price, News & Analysis

Sensient Technologies Corporation (NYSE: SXT) reported a 4.1% increase in consolidated revenue for 2022, totaling $348.7 million in Q4. Operating income rose 15.7% year-over-year, reaching $41.2 million in Q4 2022. The diluted earnings per share increased to 69 cents from 65 cents in Q4 2021. Despite foreign currency translation impacting revenues negatively by approximately 3%, the company received $1.9 million from an earnout related to a divestiture, bolstering net earnings. Looking ahead, Sensient anticipates flat to low-single digit growth in earnings per share for 2023, with revenue expected to grow at a mid-single digit rate.

Sensient Technologies Corporation (NYSE: SXT) announced a conference call to discuss its fourth quarter and year-end results for 2022, scheduled for 8:30 a.m. CST on February 10, 2023. Interested participants can join by calling Chorus Call Inc. at (844) 492-3726 or via a webcast accessible on the company's Investor Information section at www.sensient.com. A replay of the call will be available after the event until February 17, 2023. Sensient is recognized as a global leader in manufacturing and marketing colors, flavors, and specialty ingredients for various industries, including food, pharmaceuticals, and personal care.

The Board of Directors of Sensient Technologies Corporation (NYSE: SXT) has announced a quarterly cash dividend of $0.41 per share. This dividend will be distributed on March 1, 2023, to shareholders recorded by February 7, 2023. Established in Milwaukee, Sensient is renowned for its advanced manufacturing and marketing of colors, flavors, and specialty ingredients, serving various industries including food, beverages, pharmaceuticals, and cosmetics. The company is committed to leveraging its global supply chain capabilities to deliver tailored solutions to an extensive customer base.

Sensient Technologies Corporation (NYSE: SXT) announced the retirement of Dr. Elaine R. Wedral from its Board of Directors, effective after the 2023 annual meeting. Kathleen Da Cunha has been nominated to fill this position. Dr. Wedral has been instrumental since 2006, particularly in her role as Chair of the Scientific Advisory Committee. Da Cunha, with substantial experience in the food and beverage sector, currently serves as Senior Vice President at Ruiz Foods. The company anticipates her contributions will strengthen the Board.

Sensient Technologies Corporation (NYSE: SXT) reported third-quarter 2022 revenue of $361.1 million, up from $344.3 million year-over-year. Operating income increased to $47.5 million from $47.0 million. Diluted earnings per share rose to 85 cents compared to 80 cents in the prior year. Adjusted local currency revenue growth was strong across segments, with Colors up 14.6%. However, foreign currency translation negatively impacted revenue and earnings. Sensient maintains a 2022 outlook for high-single-digit revenue growth and high-teen growth in earnings per share.

The Board of Directors of Sensient Technologies Corporation (NYSE: SXT) has declared a quarterly cash dividend of $0.41 per share. This dividend will be paid on December 1, 2022, to shareholders on record as of November 7, 2022.

Sensient is a global leader in manufacturing colors, flavors, and specialty ingredients for diverse sectors including food, pharmaceuticals, and cosmetics. The company leverages advanced technologies and a robust supply chain to serve both small businesses and large international brands.

Sensient Technologies Corporation (NYSE: SXT) will hold its third quarter 2022 results conference call on October 21, 2022, at 8:30 a.m. CDT. Participants can join by calling Chorus Call Inc. at (844) 492-3726 or (412) 317-1078. A webcast will also be available on the company’s website. A replay of the call will be accessible until October 28, 2022, via phone or through the company’s Investor Information section online after October 25, 2022.

Sensient is a global leader in manufacturing colors, flavors, and specialty ingredients, serving various industries.

Sensient Technologies Corporation (NYSE: SXT) has announced its acquisition of Endemix Doğal Maddeler A.Ş., a natural colors and extracts company based in Turkey. This strategic acquisition aims to enhance Sensient's vertical integration in natural colors and increase its extraction and refining capabilities. CEO Paul Manning emphasized the importance of this move in strengthening Sensient's natural color solutions portfolio and positioning the company closer to key botanical growing areas, supporting customer demands for healthier products.

Sensient Technologies reported a 10.7% increase in consolidated revenue for Q2 2022, reaching $371.7 million, compared to $335.8 million in Q2 2021. Operating income rose to $55.2 million from $35.8 million. Diluted earnings per share (EPS) also increased to 92 cents from 61 cents. Revenue was hindered by 3% foreign currency translation impact. The Flavors & Extracts segment had a 5.5% growth, while the Color Group increased 17.3%. Sensient's 2022 outlook remains positive, with anticipated EPS growth and high single-digit revenue growth in local currency.