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Sensient Technologies Corporation reports news on its global specialty-ingredients business, including flavors, colors, extracts, bionutrients, essential oils, dehydrated vegetables, and other inputs used in food and beverage, pharmaceutical, nutraceutical, personal care, and cosmetics products. Company updates commonly discuss results across the Flavors & Extracts, Color, and Asia Pacific segments, with commentary on revenue, operating income, local-currency performance, guidance, and portfolio optimization costs.
Recurring developments also include quarterly cash dividends, earnings-call announcements, natural color manufacturing capacity, and food color safety and quality programs such as Certasure. Sensient Food Colors updates highlight the company's role in supplying natural and synthetic color solutions as food and beverage customers shift product formulations.
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.
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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.
The Board of Directors of Sensient Technologies Corporation (NYSE: SXT) has announced a quarterly cash dividend of $0.39 per share. This dividend will be paid on March 1, 2021, to shareholders on record as of February 2, 2021. Sensient Technologies is a global leader in manufacturing and marketing colors, flavors, and specialty ingredients, serving diverse industries including food, pharmaceuticals, and cosmetics.
Sensient Technologies Corporation (NYSE: SXT) has announced a definitive agreement to sell its fragrance business to Symrise AG. This transaction includes the acquisition of Sensient’s aroma chemical and fragrance production facility in Granada, Spain. Completion is expected in the first half of 2021, pending regulatory approvals. With this divestiture, which follows previous sales of its inks and yogurt fruit preparations businesses, Sensient aims to focus on its core portfolio, enhancing its capacity to provide specialty ingredients for the food, pharmaceutical, and personal care sectors.
Sensient Technologies Corporation (NYSE: SXT) reported third-quarter revenue of $323.6 million, up from $317.7 million year-over-year. Operating income increased to $41.2 million from $38.8 million, and diluted earnings per share rose to 78 cents from 75 cents. The Flavors & Extracts Group showed significant growth, while the Color Group faced challenges with an 8.3% revenue decline. Sensient maintains its diluted earnings per share guidance of $2.10 to $2.35 for the year, with revenue growth expected to be low to mid-single digits.
Sensient Technologies Corporation (NYSE: SXT) has declared a quarterly cash dividend of $0.39 per share, set to be paid on December 1, 2020, to shareholders recorded as of November 2, 2020. This announcement reflects the company's continued commitment to returning value to its shareholders. Sensient Technologies is recognized for its expertise in manufacturing and marketing colors, flavors, and specialty ingredients, serving diverse sectors including food, pharmaceuticals, and cosmetics.
Sensient Technologies Corporation (SXT) will hold its conference call on October 16, 2020, at 8:30 a.m. CDT to discuss third-quarter results for 2020. Interested parties can join via the provided phone number or through a webcast accessible on the company's website. A replay will be available after the call until October 23, 2020. Sensient is a global leader in manufacturing and marketing colors, flavors, and specialty ingredients, serving various industries including food, pharmaceuticals, and personal care.