Sensient Technologies Corporation Reports Results for the Quarter Ended June 30, 2024 and Raises Full Year Guidance

MILWAUKEE--()--Sensient Technologies Corporation (NYSE: SXT), a leading provider of flavors and colors for the food, pharmaceutical, and personal care markets, today reported financial results for the second quarter ended June 30, 2024.

Second Quarter Consolidated Results

  • Reported revenue increased 7.8% to $403.5 million in the second quarter of 2024 versus last year’s second quarter results of $374.3 million. On a local currency basis(1), revenue increased 8.5%.
  • Reported operating income decreased 3.7% to $49.7 million compared to $51.6 million recorded in the second quarter of 2023. In the second quarter of 2024, the Company recorded $1.8 million of costs related to its Portfolio Optimization Plan. Local currency adjusted operating income(1) and local currency adjusted EBITDA(1) increased 1.1% and 2.3%, respectively, in the second quarter.
  • Reported diluted earnings per share decreased 9.9% to 73 cents in the second quarter of 2024 compared to 81 cents in the second quarter of 2023. Local currency adjusted EPS(1) decreased 2.5% in the second quarter primarily as a result of higher interest expense and a higher tax rate.

“Sensient’s execution and focus on business growth have resulted in solid performance across all our Groups. I continue to remain very confident about our performance in 2024,” said Paul Manning, Sensient’s Chairman, President, and Chief Executive Officer.

Second Quarter Group Results

 
 

Reported

 

Local Currency(1)

Revenue

Quarter

 

Year-to-Date

 

Quarter

 

Year-to-Date

Flavors & Extracts

11.1%

 

9.6%

 

11.1%

 

9.1%

Color

4.5%

 

1.9%

 

5.2%

 

1.7%

Asia Pacific

7.1%

 

3.6%

 

11.1%

 

7.4%

Total Revenue

7.8%

 

6.0%

 

8.5%

 

6.1%

 

 

 

 

 

 

 

Reported

 

Adjusted Local Currency(1)

Operating Income

Quarter

 

Year-to-Date

 

Quarter

 

Year-to-Date

Flavors & Extracts

7.2%

 

7.0%

 

7.4%

 

6.9%

Color

7.8%

 

3.4%

 

8.8%

 

3.3%

Asia Pacific

4.0%

 

-1.0%

 

9.2%

 

3.8%

Total Operating Income

-3.7%

 

-3.3%

 

1.1%

 

1.8%

 

The Flavors & Extracts Group reported second quarter 2024 revenue of $209.2 million, an increase of $20.9 million versus the prior year’s second quarter. The Group’s increased revenue was primarily a result of higher volumes. Segment operating income was $26.2 million in the second quarter of 2024, an increase of $1.8 million compared to the prior year’s second quarter. The higher operating income was primarily due to the higher volumes.

The Color Group reported revenue of $167.7 million in the second quarter of 2024, an increase of $7.2 million compared to the prior year’s second quarter. Segment operating income was $31.5 million in the second quarter of 2024, an increase of $2.3 million compared to the prior year’s second quarter results. The Group’s increased revenue and operating income were primarily a result of the higher volumes across all product lines.

The Asia Pacific Group reported revenue of $38.6 million in the second quarter of 2024, an increase of $2.6 million compared to the prior year’s second quarter. The Group’s revenue benefited from higher volumes, partially offset by unfavorable exchange rates. Segment operating income was $7.9 million in the quarter, an increase of $0.3 million compared to the prior year’s second quarter. The higher operating income is primarily a result of the higher volumes, partially offset by unfavorable exchange rates.

Corporate & Other reported operating expenses of $15.9 million in the second quarter of 2024, compared to $9.7 million of operating expenses reported in the prior year’s second quarter. In the second quarter of 2024, the Company recorded $1.8 million of Portfolio Optimization Plan costs in Corporate & Other. Local currency adjusted operating expenses(1) for Corporate & Other increased $4.5 million compared to the prior year’s second quarter, primarily due to the higher performance-based compensation costs recorded in the second quarter of 2024 compared to the low comparable amount recorded in the second quarter of 2023.

2024 Outlook

 
 
Metric Updated Guidance Prior Guidance
 
Local Currency Revenue(1) Mid-to High Single-Digit Growth Mid-Single-Digit Growth
 
Local Currency Adjusted EBITDA(1) Mid-to High Single-Digit Growth Mid-Single-Digit Growth
 
Diluted EPS (GAAP) Between $2.77 and $2.87* Between $2.80 and $2.90*
 
Local Currency Adjusted Diluted EPS(1) Mid-Single-Digit Growth Low to Mid-Single-Digit Growth
 
* The Updated Guidance includes approximately 18 cents of Portfolio Optimization Plan costs. The Prior Guidance included 15 cents of Portfolio Optimization Plan costs.
 

The Company’s guidance is based on current conditions and economic and market trends in the markets in which the Company operates and is subject to various risks and uncertainties as described below.

(1)

Please refer to “Reconciliation of Non-GAAP Amounts” at the end of this release for more information regarding our non-GAAP financial measures.

USE OF NON-GAAP FINANCIAL MEASURES

The Company’s non-GAAP financial measures eliminate the impact of certain items, which, depending on the measure, include: currency movements, depreciation and amortization, Portfolio Optimization Plan costs, and non-cash share-based compensation. These measures are provided to enhance the overall understanding of the Company’s performance when viewed together with the GAAP results. Refer to “Reconciliation of Non-GAAP Amounts” at the end of this release.

CONFERENCE CALL

The Company will host a conference call to discuss its 2024 second quarter financial results at 8:30 a.m. CDT today, Friday, July 26, 2024. Investors may access the live webcast, including presentation slides, on the Company’s web site at investor.sensient.com. Alternatively, investors may join the conference call by contacting Chorus Call Inc. at (844) 492-3726 or (412) 317-1078.

A webcast replay will be available on the Company’s web site following the call. The call transcript will be available on the Company’s web site on or after July 30, 2024.

This release contains statements that may constitute “forward-looking statements” within the meaning of Federal securities laws including under “2024 Outlook” above. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors concerning the Company’s operations and business environment. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements and that could adversely affect the Company’s future financial performance include the following: the Company’s ability to manage general business, economic, and capital market conditions, including actions taken by customers in response to such market conditions, and the impact of recessions and economic downturns; the impact of macroeconomic and geopolitical volatility, including inflation and shortages impacting the availability and cost of raw materials, energy, and other supplies, disruptions and delays in the Company’s supply chain, and the conflicts between Russia and Ukraine and Israel and Hamas and other parties in the Middle East; the availability and cost of labor, logistics, and transportation; the pace and nature of new product introductions by the Company and the Company’s customers; the Company’s ability to anticipate and respond to changing consumer preferences and changing technologies; the Company’s ability to successfully implement its growth strategies; the outcome of the Company’s various productivity-improvement and cost-reduction efforts, acquisition and divestiture activities, and Portfolio Optimization Plan; industry, regulatory, legal, and economic factors related to the Company’s domestic and international business; the effects of tariffs, trade barriers, and disputes; growth in markets for products in which the Company competes; industry and customer acceptance of price increases; actions by competitors; the Company’s ability to enhance its innovation efforts and drive cost efficiencies; currency exchange rate fluctuations; and other factors included in “Risk Factors” in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and in other documents that the Company files with the SEC. The risks and uncertainties identified above are not the only risks the Company faces. Additional risks and uncertainties not presently known to the Company or that it currently believes to be immaterial also may adversely affect the Company. Should any known or unknown risks and uncertainties develop into actual events, these developments could have material adverse effects on our business, financial condition, and results of operations. This release contains time-sensitive information that reflects management’s best analysis only as of the date of this release. Except to the extent required by applicable laws, the Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied herein will not be realized.

ABOUT SENSIENT TECHNOLOGIES

Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors, and other specialty ingredients. Sensient uses advanced technologies and robust global supply chain capabilities to develop specialized solutions for food and beverages, as well as products that serve the pharmaceutical, nutraceutical, and personal care industries. Sensient’s customers range in size from small entrepreneurial businesses to major international manufacturers representing some of the world’s best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.

www.sensient.com

Sensient Technologies Corporation
(In thousands, except percentages and per share amounts)
(Unaudited)
 
Consolidated Statements of Earnings

Three Months Ended June 30,

 

Six Months Ended June 30,

2024

 

2023

 

% Change

 

2024

 

2023

 

% Change

 
Revenue

$

403,525

$

374,313

7.8

%

$

788,195

$

743,319

6.0

%

 
Cost of products sold

 

272,803

 

 

252,136

 

8.2

%

 

530,924

 

 

496,479

 

6.9

%

Selling and administrative expenses

 

81,065

 

 

70,586

 

14.8

%

 

158,208

 

 

144,411

 

9.6

%

 
Operating income

 

49,657

 

 

51,591

 

(3.7

%)

 

99,063

 

 

102,429

 

(3.3

%)

Interest expense

 

7,653

 

 

6,352

 

 

14,698

 

 

12,354

 

 
Earnings before income taxes

 

42,004

 

 

45,239

 

 

84,365

 

 

90,075

 

Income taxes

 

11,072

 

 

11,206

 

 

22,493

 

 

22,391

 

 
Net earnings

$

30,932

 

$

34,033

 

(9.1

%)

$

61,872

 

$

67,684

 

(8.6

%)

 
Earnings per share of common stock:
Basic

$

0.73

 

$

0.81

 

$

1.47

 

$

1.61

 

 
Diluted

$

0.73

 

$

0.81

 

$

1.46

 

$

1.60

 

 
Average common shares outstanding:
Basic

 

42,154

 

 

42,043

 

 

42,129

 

 

42,006

 

 
Diluted

 

42,398

 

 

42,235

 

 

42,351

 

 

42,245

 

 
Results by Segment

Three Months Ended June 30,

 

Six Months Ended June 30,

 

Revenue

2024

 

2023

 

% Change

 

2024

 

2023

 

% Change

 
Flavors & Extracts

$

209,213

 

$

188,284

 

11.1

%

$

402,305

 

$

367,136

 

9.6

%

Color

 

167,700

 

 

160,463

 

4.5

%

 

327,725

 

 

321,624

 

1.9

%

Asia Pacific

 

38,580

 

 

36,029

 

7.1

%

 

78,886

 

 

76,114

 

3.6

%

Intersegment elimination

 

(11,968

)

 

(10,463

)

 

(20,721

)

 

(21,555

)

 
Consolidated

$

403,525

 

$

374,313

 

7.8

%

$

788,195

 

$

743,319

 

6.0

%

 
Operating Income
 
Flavors & Extracts

$

26,209

 

$

24,456

 

7.2

%

$

49,887

 

$

46,636

 

7.0

%

Color

 

31,502

 

 

29,217

 

7.8

%

 

63,181

 

 

61,102

 

3.4

%

Asia Pacific

 

7,880

 

 

7,575

 

4.0

%

 

16,656

 

 

16,816

 

(1.0

%)

Corporate & Other

 

(15,934

)

 

(9,657

)

 

(30,661

)

 

(22,125

)

 
Consolidated

$

49,657

 

$

51,591

 

(3.7

%)

$

99,063

 

$

102,429

 

(3.3

%)

 
Sensient Technologies Corporation
(In thousands)
(Unaudited)
 
Consolidated Condensed Balance Sheets

June 30,

 

December 31,

2024

 

2023

 
Cash and cash equivalents

$

30,339

$

28,934

Trade accounts receivable

 

315,604

 

 

272,164

 

Inventories

 

553,415

 

 

598,399

 

Prepaid expenses and other current assets

 

44,897

 

 

37,119

 

Total Current Assets

 

944,255

 

 

936,616

 

 
Goodwill & intangible assets (net)

 

429,800

 

 

436,177

 

Property, plant, and equipment (net)

 

491,140

 

 

505,277

 

Other assets

 

129,672

 

 

136,437

 

 
Total Assets

$

1,994,867

 

$

2,014,507

 

 
Trade accounts payable

$

107,218

 

$

131,114

 

Short-term borrowings

 

26,995

 

 

13,460

 

Other current liabilities

 

92,822

 

 

91,732

 

Total Current Liabilities

 

227,035

 

 

236,306

 

 
Long-term debt

 

634,663

 

 

645,085

 

Accrued employee and retiree benefits

 

24,872

 

 

27,715

 

Other liabilities

 

50,522

 

 

52,077

 

Shareholders' Equity

 

1,057,775

 

 

1,053,324

 

 
Total Liabilities and Shareholders' Equity

$

1,994,867

 

$

2,014,507

 

 
Sensient Technologies Corporation
(In thousands, except per share amounts)
(Unaudited)
 
Consolidated Statements of Cash Flows
Six Months Ended June 30,

2024

2023

Cash flows from operating activities:
Net earnings

$

61,872

 

$

67,684

 

Adjustments to arrive at net cash provided by operating activities:
Depreciation and amortization

 

29,725

 

 

28,590

 

Share-based compensation expense

 

4,911

 

 

4,766

 

Net (gain) loss on assets

 

(195

)

 

81

 

Portfolio Optimization Plan costs

 

1,495

 

 

-

 

Deferred income taxes

 

529

 

 

(2,643

)

Changes in operating assets and liabilities:
Trade accounts receivable

 

(49,449

)

 

6,062

 

Inventories

 

36,730

 

 

(16,927

)

Prepaid expenses and other assets

 

(6,612

)

 

3,534

 

Trade accounts payable and other accrued expenses

 

(22,722

)

 

(18,329

)

Accrued salaries, wages, and withholdings

 

7,824

 

 

(19,713

)

Income taxes

 

(6,591

)

 

(1,998

)

Other liabilities

 

1,429

 

 

595

 

 
Net cash provided by operating activities

 

58,946

 

 

51,702

 

 
Cash flows from investing activities:
Acquisition of property, plant, and equipment

 

(22,850

)

 

(45,137

)

Proceeds from sale of assets

 

296

 

 

53

 

Other investing activities

 

(336

)

 

2,054

 

 
Net cash used in investing activities

 

(22,890

)

 

(43,030

)

 
Cash flows from financing activities:
Proceeds from additional borrowings

 

132,189

 

 

187,037

 

Debt payments

 

(120,571

)

 

(143,923

)

Dividends paid

 

(34,685

)

 

(34,577

)

Other financing activities

 

(3,016

)

 

(8,003

)

 
Net cash (used in) provided by financing activities

 

(26,083

)

 

534

 

 
Effect of exchange rate changes on cash and cash equivalents

 

(8,568

)

 

6,419

 

 
Net increase in cash and cash equivalents

 

1,405

 

 

15,625

 

Cash and cash equivalents at beginning of period

 

28,934

 

 

20,921

 

Cash and cash equivalents at end of period

$

30,339

 

$

36,546

 

 
 
Supplemental Information
Six Months Ended June 30,

2024

 

2023

 
Dividends paid per share

$

0.82

 

$

0.82

 

 
Sensient Technologies Corporation
(In thousands, except percentages and per share amounts)
(Unaudited)
 
Reconciliation of Non-GAAP Amounts
The Company's results for the three and six months ended June 30, 2024 and 2023 include adjusted operating income, adjusted net earnings, and adjusted diluted earnings per share, which, in each case, exclude Portfolio Optimization Plan costs.
 

Three Months Ended June 30,

 

Six Months Ended June 30,

2024

 

2023

 

% Change

 

2024

 

2023

 

% Change

Operating income (GAAP)

$

49,657

 

$

51,591

 

 

(3.7

%)

$

99,063

 

$

102,429

 

 

(3.3

%)

Portfolio Optimization Plan costs – Cost of products sold

 

207

 

 

-

 

 

314

 

 

-

 

Portfolio Optimization Plan costs – Selling and administrative
expenses

 

1,545

 

 

-

 

 

4,250

 

 

-

 

Adjusted operating income

$

51,409

 

$

51,591

 

 

(0.4

%)

$

103,627

 

$

102,429

 

 

1.2

%

 
Net earnings (GAAP)

$

30,932

 

$

34,033

 

 

(9.1

%)

$

61,872

 

$

67,684

 

 

(8.6

%)

Portfolio Optimization Plan costs, before tax

 

1,752

 

 

-

 

 

4,564

 

 

-

 

Tax impact of Portfolio Optimization Plan costs(1)

 

(214

)

 

-

 

(569

)

 

-

Adjusted net earnings

$

32,470

 

$

34,033

 

 

(4.6

%)

$

65,867

 

$

67,684

 

 

(2.7

%)

 
Diluted earnings per share (GAAP)

$

0.73

 

$

0.81

 

 

(9.9

%)

$

1.46

 

$

1.60

 

 

(8.8

%)

Portfolio Optimization Plan costs, net of tax

 

0.04

 

 

-

 

 

0.09

 

 

-

 

Adjusted diluted earnings per share

$

0.77

 

$

0.81

 

 

(4.9

%)

$

1.56

 

$

1.60

 

 

(2.5

%)

 
Note: Earnings per share calculations may not foot due to rounding differences.
 
(1) Tax impact adjustments were determined based on the nature of the underlying non-GAAP adjustments and their relevant jurisdictional tax rates.
 
 
Results by Segment

Three Months Ended June 30,

 

 

 

 

Adjusted

 

 

 

 

 

Adjusted

Operating Income

2024

 

Adjustments(2)

 

2024

 

2023

 

Adjustments(2)

 

2023

 
Flavors & Extracts

$

26,209

 

$

-

 

$

26,209

 

$

24,456

 

$

-

 

$

24,456

 

Color

 

31,502

 

 

-

 

 

31,502

 

 

29,217

 

 

-

 

 

29,217

 

Asia Pacific

 

7,880

 

 

-

 

 

7,880

 

 

7,575

 

 

-

 

 

7,575

 

Corporate & Other

 

(15,934

)

 

1,752

 

 

(14,182

)

 

(9,657

)

 

-

 

 

(9,657

)

 
Consolidated

$

49,657

 

$

1,752

 

$

51,409

 

$

51,591

 

$

-

 

$

51,591

 

 
Results by Segment

Six Months Ended June 30,

 

 

 

 

Adjusted

 

 

 

 

 

Adjusted

Operating Income

2024

 

Adjustments(2)

 

2024

 

2023

 

Adjustments(2)

 

2023

 

 

 

 

 

 

 

 

 

 

 

Flavors & Extracts

$

49,887

 

$

-

 

$

49,887

 

$

46,636

 

$

-

 

$

46,636

 

Color

 

63,181

 

 

-

 

 

63,181

 

 

61,102

 

 

-

 

 

61,102

 

Asia Pacific

 

16,656

 

 

-

 

 

16,656

 

 

16,816

 

 

-

 

 

16,816

 

Corporate & Other

 

(30,661

)

 

4,564

 

 

(26,097

)

 

(22,125

)

 

-

 

 

(22,125

)

 
Consolidated

$

99,063

 

$

4,564

 

$

103,627

 

$

102,429

 

$

-

 

$

102,429

 

 
(2) Adjustments consist of Portfolio Optimization Plan costs.
 
Sensient Technologies Corporation
(In thousands, except percentages)
(Unaudited)
 
Reconciliation of Non-GAAP Amounts - Continued
 
The following table summarizes the percentage change in the 2024 results compared to the 2023 results for the corresponding periods.
 
Three Months Ended June 30, 2024
Revenue Total Foreign
Exchange
Rates
Adjustments(3)

Adjusted
Local
Currency

Flavors & Extracts

11.1%

0.0%

N/A

11.1%

Color

4.5%

(0.7%)

N/A

5.2%

Asia Pacific

7.1%

(4.0%)

N/A

11.1%

Total Revenue

7.8%

(0.7%)

N/A

8.5%

 
Operating Income
Flavors & Extracts

7.2%

(0.2%)

0.0%

7.4%

Color

7.8%

(1.0%)

0.0%

8.8%

Asia Pacific

4.0%

(5.2%)

0.0%

9.2%

Corporate & Other

65.0%

0.0%

18.1%

46.9%

Total Operating Income

(3.7%)

(1.4%)

(3.4%)

1.1%

Diluted Earnings Per Share

(9.9%)

(2.5%)

(4.9%)

(2.5%)

Adjusted EBITDA

1.2%

(1.1%)

N/A

2.3%

 
 
Six Months Ended June 30, 2024
Revenue

Total

 

Foreign
Exchange
Rates

 

Adjustments(3)

 

Adjusted
Local
Currency

Flavors & Extracts

9.6%

0.5%

N/A

9.1%

Color

1.9%

0.2%

N/A

1.7%

Asia Pacific

3.6%

(3.8%)

N/A

7.4%

Total Revenue

6.0%

(0.1%)

N/A

6.1%

 
Operating Income
Flavors & Extracts

7.0%

0.1%

0.0%

6.9%

Color

3.4%

0.1%

0.0%

3.3%

Asia Pacific

(1.0%)

(4.8%)

0.0%

3.8%

Corporate & Other

38.6%

0.0%

20.6%

18.0%

Total Operating Income

(3.3%)

(0.7%)

(4.4%)

1.8%

Diluted Earnings Per Share

(8.8%)

(0.7%)

(6.2%)

(1.9%)

Adjusted EBITDA

1.8%

(0.4%)

N/A

2.2%

 
(3) Adjustments consist of Portfolio Optimization Plan costs.
 
Sensient Technologies Corporation
(In thousands, except percentages and per share amounts)
(Unaudited)
 
Reconciliation of Non-GAAP Amounts - Continued
 
The following table summarizes the reconciliation between Operating Income (GAAP) and Adjusted EBITDA for the three and six months ended June 30, 2024 and 2023.
 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

 

 

 

 

 

 

 

 

2024

 

2023

 

% Change

 

2024

 

2023

 

% Change

Operating income (GAAP)

$

49,657

$

51,591

(3.7

%)

$

99,063

$

102,429

(3.3

%)

Depreciation and amortization

 

15,016

 

 

14,440

 

 

29,725

 

 

28,590

 

Share-based compensation expense

 

2,916

 

 

2,499

 

 

4,911

 

 

4,766

 

Portfolio Optimization Plan costs, before tax

 

1,752

 

 

-

 

 

4,564

 

 

-

 

Adjusted EBITDA

$

69,341

 

$

68,530

 

1.2

%

$

138,263

 

$

135,785

 

1.8

%

The following table summarizes the reconciliation between Debt (GAAP) and Net Debt, and Operating Income (GAAP) and Credit Adjusted EBITDA for the trailing twelve months ended June 30, 2024 and 2023.
 

June 30,

Debt

2024

 

2023

Short-term borrowings

$

26,995

 

$

15,436

 

Long-term debt

 

634,663

 

 

686,589

 

Credit Agreement adjustments(1)

 

(18,034

)

 

(19,755

)

Net Debt

$

643,624

 

$

682,270

 

 
Operating income (GAAP)

$

151,657

 

$

191,147

 

Depreciation and amortization

 

58,955

 

 

54,877

 

Share-based compensation expense

 

9,078

 

 

12,213

 

Portfolio Optimization Plan costs, before tax

 

32,405

 

 

-

 

Other non-operating gains(2)

 

(872

)

 

(3,326

)

Credit Adjusted EBITDA

$

251,223

 

$

254,911

 

 
Net Debt to Credit Adjusted EBITDA 2.6x 2.7x
 
(1) Adjustments include cash and cash equivalents, as described in the Company's Third Amended and Restated Credit Agreement (Credit Agreement), and certain letters of credit and hedge contracts.
(2) Adjustments consist of certain financing transaction costs, certain non-financing interest items, and gains and losses related to certain non-cash, non-operating, and/or non-recurring items as described in the Credit Agreement.
The following table summarizes the reconciliation between Diluted Earnings Per Share (GAAP) and Adjusted Diluted Earnings Per Share for the twelve months ended December 31, 2023.
 
Twelve Months Ended December 31,

2023

Diluted earnings per share (GAAP)

$ 2.21

Portfolio Optimization Plan costs, net of tax

0.65

Adjusted diluted earnings per share

$ 2.86

 
Note: Earnings per share calculations may not foot due to rounding differences.
We have included each of these non-GAAP measures in order to provide additional information regarding our underlying operating results and comparable period-over-period performance. Such information is supplemental to information presented in accordance with GAAP and is not intended to represent a presentation in accordance with GAAP. These non-GAAP measures should not be considered in isolation. Rather, they should be considered together with GAAP measures and the rest of the information included in this release and our SEC filings. Management internally reviews each of these non-GAAP measures to evaluate performance on a comparative period-to-period basis and to gain additional insight into underlying operating and performance trends, and we believe the information can be beneficial to investors for the same purposes. These non-GAAP measures may not be comparable to similarly titled measures used by other companies.

Category: Earnings

Contacts

Amy Agallar
(414) 347-3706
investor.relations@sensient.com

Contacts

Amy Agallar
(414) 347-3706
investor.relations@sensient.com