Sensient Tech Stock Price, News & Analysis

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.

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.

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.

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.

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.

Sensient Natural Ingredients LLC has completed the acquisition of New Mexico Chili Products Inc, enhancing its dehydrated chili production capabilities. Located in Deming, NM, this facility will enable SNI to better serve commercial food manufacturers and spice blenders. General Manager Michael Finete stated that the acquisition supports SNI's strategy to strengthen its supply chain and cater to the rising demand for sustainably sourced, natural food ingredients. The facility will also broaden SNI's chili portfolio, reinforcing its position in the industry.

Sensient Technologies Corporation (NYSE: SXT) reported fourth-quarter 2020 revenue of $334.7 million, a rise from $318.6 million in Q4 2019. Operating income was $34.8 million, up from a loss of $14.5 million a year prior. Diluted earnings per share increased to 59 cents from a loss of 40 cents. A one-time COVID-19 related employee payment cost $3.2 million. The Flavors & Extracts Group saw an 11.8% revenue increase, while the Color Group experienced a 4.4% revenue decline. Cash provided by operating activities rose 52.9% to $75.9 million.

Sensient Technologies Corporation (NYSE: SXT) will conduct a conference call on February 12, 2021, at 8:30 a.m. CST to review its fourth quarter and year-end results for 2020. Interested participants can join by calling Chorus Call Inc. or through a webcast available on Sensient’s website. A replay of the call will be accessible starting one hour post-conference until February 19, 2021, with an identification number for reference. Sensient is a prominent global manufacturer of colors, flavors, and specialty ingredients across various industries.