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Sensient Technology Corporation - SXT STOCK NEWS

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Sensient Technologies Corporation (SXT) is a global leader in innovating and delivering specialized ingredients aimed at enhancing sensory experiences. The company is renowned for its development, manufacturing, and marketing of colors, flavors, and fragrances using advanced proprietary technologies. These innovations support a wide range of industries, including food and beverage, pharmaceuticals, cosmetics, personal care, and specialized inks.

Sensient’s core business revolves around the production of customized solutions. These include food and beverage systems, pharmaceutical colors and coatings, cosmetic formulations, inkjet and specialty inks, and other fine chemicals. Their proprietary technologies enable the creation of a broad spectrum of innovative products, providing significant competitive advantages to their clients.

With a presence in multiple facilities worldwide, Sensient’s extensive network underpins their ability to serve some of the world’s best-known consumer and industrial companies. The company’s offerings span across three primary segments: the Flavors & Extracts Group, the Color Group, and the Asia Pacific Group. This diverse portfolio ensures that Sensient stays at the forefront of innovation, continuously delivering cutting-edge solutions that help extend existing brands and develop new products.

Sensient is committed to continuous improvement and innovation, aiming to meet the ever-evolving demands of their clients. Their notable recent achievements and ongoing projects reflect their mission to bring life to products and enhance sensory experiences globally. Whether through customized food and beverage systems or advanced cosmetic formulations, Sensient’s contributions are pivotal to many everyday products encountered by consumers worldwide.

For the latest updates, financial performance, and developments related to Sensient Technologies Corporation, stay tuned to this page.

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Sensient Technologies Corporation (NYSE: SXT) announces the expansion of its Board of Directors from ten to eleven members, with Sharad Jain set to join effective December 1, 2021. Current director Edward Cichurski will retire following his term expiry at the 2022 annual meeting. Jain brings over 33 years of experience in audit services, having served at PricewaterhouseCoopers. His expertise includes financial oversight and risk management, which is expected to enhance the Board's capabilities in delivering value to shareholders.

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The Board of Directors of Sensient Technologies Corporation (NYSE: SXT) has announced a quarterly cash dividend of $0.41 per share, reflecting a 5.1% increase. This dividend will be paid on December 1, 2021 to shareholders on record as of November 1, 2021. This increase raises the annualized payout to $1.64 per share, showcasing the company’s confidence in its future, as the quarterly dividend has increased by 37% over the last five years.

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Sensient Technologies Corporation (NYSE: SXT) will hold its third quarter 2021 conference call on October 15, 2021, at 8:30 a.m. CDT. Participants can join by calling Chorus Call Inc. at (844) 492-3726 or accessing the webcast on Sensient’s website. A replay will be available from one hour after the call until October 22, 2021, by calling (877) 344-7529. Sensient is a global leader in colors and flavors, serving various industries including food, pharmaceuticals, and cosmetics. The company is headquartered in Milwaukee, Wisconsin.

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Sensient Technologies Corporation (NYSE: SXT) reported second-quarter revenue of $335.8 million, up from $323.1 million year-over-year. Operating income decreased to $35.8 million from $42.1 million, with diluted EPS dropping to 61 cents from 72 cents. Foreign currency translation contributed approximately 4% to revenues. The Flavors & Extracts segment saw a 2.3% revenue decline due to a product line divestiture, while the Color and Asia Pacific groups reported increases of 9.8% and 15.9%, respectively. The company reaffirms its 2021 guidance for mid to high single-digit EPS growth.

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The Board of Directors of Sensient Technologies has declared a quarterly cash dividend of $0.39 per share, to be paid on September 1, 2021. Shareholders of record as of August 2, 2021 will be eligible for this payment. Sensient Technologies, a leader in the manufacturing and marketing of colors, flavors, and specialty ingredients, serves diverse industries including food, pharmaceuticals, and cosmetics. The company is headquartered in Milwaukee, Wisconsin.

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Sensient Technologies Corporation (NYSE: SXT) completed the acquisition of Flavor Solutions, Inc. on July 15, 2021. This acquisition strengthens Sensient's flavor portfolio, adding savory reaction flavors, natural shelf-life extenders, and technology for sweetness enhancement and salt reduction. CEO Paul Manning highlighted the strategic importance of this deal, noting that it will enhance technical solutions and customer relationships. The acquisition positions Sensient to better serve the food, beverage, and nutraceutical markets.

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Sensient Technologies Corporation (NYSE: SXT) will host a conference call on July 23, 2021, at 8:30 a.m. CDT to review its second quarter results for 2021. Investors can participate by calling Chorus Call Inc. at (844) 492-3726 or via the webcast available on Sensient's website. A replay of the call will be accessible one hour post-event until July 30, 2021, with the identification number 10156624. Sensient is a global leader in color and flavor manufacturing, providing innovative solutions for multiple industries including food and beverages, pharmaceuticals, and cosmetics.

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Sensient Technologies Corporation (NYSE: SXT) reported a first-quarter revenue of $359.7 million, up from $350.7 million year-over-year. Operating income rose to $46.9 million from $34.6 million, with diluted EPS increasing to 75 cents compared to 49 cents last year. Currency translation contributed approximately 3% to revenue and 4% to earnings. The Flavors & Extracts segment saw a 7.7% revenue increase, while the Color segment declined by 5.4%. The company reaffirmed its 2021 guidance for diluted EPS growth.

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The Board of Directors of Sensient Technologies Corporation (SXT) has declared a quarterly cash dividend of $0.39 per share. This dividend will be payable on June 1, 2021, to shareholders recorded by May 3, 2021. Sensient operates globally as a manufacturer and marketer of colors, flavors, and specialty ingredients, supporting diverse sectors including food, beverages, and personal care. The company is headquartered in Milwaukee, Wisconsin, and serves a range of clients from small businesses to major international brands.

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Sensient Technologies Corporation (NYSE: SXT) will hold a conference call on April 23, 2021, at 8:30 a.m. CDT to discuss its first quarter results. Interested participants can join by calling Chorus Call Inc. or via a webcast available on the company's website. A replay of the call will be accessible after the event and will remain available until April 30, 2021. Sensient is a global manufacturer specializing in colors, flavors, and specialty ingredients for various industries, including food, pharmaceuticals, and personal care, headquartered in Milwaukee, Wisconsin.

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FAQ

What is the current stock price of Sensient Technology Corporation (SXT)?

The current stock price of Sensient Technology Corporation (SXT) is $78.45 as of December 2, 2024.

What is the market cap of Sensient Technology Corporation (SXT)?

The market cap of Sensient Technology Corporation (SXT) is approximately 3.3B.

What does Sensient Technologies Corporation specialize in?

Sensient Technologies specializes in the development, manufacturing, and marketing of colors, flavors, and fragrances using proprietary technologies.

What industries does Sensient serve?

Sensient serves multiple industries including food and beverage, pharmaceuticals, cosmetics, personal care, and specialized inks.

What are the main segments of Sensient Technologies?

The main segments of Sensient Technologies are the Flavors & Extracts Group, the Color Group, and the Asia Pacific Group.

Where are Sensient's facilities located?

Sensient has a widespread network of facilities around the globe, enabling them to serve a diverse range of industries and clients.

What technologies does Sensient use?

Sensient uses advanced proprietary technologies to create a broad range of innovative products, providing significant competitive advantages to their clients.

How does Sensient contribute to product innovation?

Sensient continuously delivers cutting-edge solutions through innovation, helping extend existing brands and develop new products for its clients.

What are some of the products offered by Sensient?

Sensient offers flavors, flavor enhancers, ingredients, extracts, bionutrients, essential oils, dehydrated vegetables, food and beverage colors, and specialty inks.

How does Sensient support its clients?

Sensient supports its clients by delivering innovative solutions and streamlined product-development expertise, tailored to their specific needs.

What recent achievements has Sensient made?

Recent achievements of Sensient include advancing their proprietary technologies and expanding their product offerings to better serve their global clientele.

What is the mission of Sensient Technologies?

Sensient's mission is to enhance sensory experiences through specialized ingredients, helping bring life to products for their clients worldwide.

Sensient Technology Corporation

NYSE:SXT

SXT Rankings

SXT Stock Data

3.28B
41.73M
1.44%
94.27%
1.08%
Specialty Chemicals
Industrial Organic Chemicals
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United States of America
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