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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.
Sensient Technologies (NYSE: SXT) reported strong Q3 2024 financial results with revenue increasing 7.9% to $392.6 million. Operating income rose 13.4% to $50.5 million, while diluted earnings per share grew 2.7% to 77 cents. The company saw growth across all segments: Flavors & Extracts revenue increased 6.4% to $203.3 million, Color Group revenue grew 11.8% to $162.1 million, and Asia Pacific revenue rose 13.6% to $41.8 million. The company maintains its 2024 outlook, expecting high single-digit revenue growth and mid-single-digit adjusted diluted EPS growth.
Sensient Technologies (NYSE: SXT) announced its Board of Directors has declared a quarterly cash dividend of $0.41 per share on its common stock. The dividend will be distributed on December 2, 2024, to shareholders recorded as of November 4, 2024.
Sensient Technologies (NYSE: SXT) has announced its upcoming earnings call and webcast to discuss 2024 third quarter results. The event is scheduled for Friday, October 25, 2024, at 8:30 a.m. CDT.
Investors have two options to participate:
- Access the live webcast on the company's website at investor.sensient.com
- Join the conference call by contacting Chorus Call Inc. at (844) 492-3726 or (412) 317-1078
A webcast replay will be available on Sensient's website after the call. Additionally, the call transcript will be accessible on the company's website on or after October 29, 2024.
Sensient Technologies (NYSE: SXT) reported its Q2 2024 financial results, showing a 7.8% increase in revenue to $403.5 million. However, reported operating income decreased by 3.7% to $49.7 million, and diluted EPS fell 9.9% to 73 cents. The company's performance was mixed across its business segments:
- Flavors & Extracts: Revenue up 11.1% to $209.2 million
- Color: Revenue up 4.5% to $167.7 million
- Asia Pacific: Revenue up 7.1% to $38.6 million
Despite challenges, Sensient raised its full-year guidance, projecting mid-to-high single-digit growth in local currency revenue and adjusted EBITDA. The company now expects diluted EPS between $2.77 and $2.87, including Portfolio Optimization Plan costs.
Sensient Technologies (NYSE: SXT) has announced a regular quarterly cash dividend of $0.41 per share on its common stock. The dividend will be paid on September 3, 2024, to shareholders of record as of August 5, 2024. This declaration by the Board of Directors demonstrates the company's commitment to providing consistent returns to its shareholders. The dividend announcement is a positive signal for investors, indicating Sensient's financial stability and confidence in its future cash flows.
Sensient Technologies (NYSE: SXT) has announced an earnings call and webcast to discuss the 2024 second quarter results. This event is scheduled for 8:30 a.m. CDT on Friday, July 26, 2024. Investors can access the live webcast on the company's website at investor.sensient.com. Alternatively, they can join the conference call by contacting Chorus Call Inc. at (844) 492-3726 or (412) 317-1078. A replay of the webcast will be available on the company's website after the call, and a transcript will be accessible on or after July 30, 2024.
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