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.
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.