earnings
confidence high
sentiment positive
materiality 0.75
Sensient Q1 EPS $0.88 vs $0.75; raises FY22 EPS guidance to high-teen growth
SENSIENT TECHNOLOGIES CORP
2022-Q1 EPS reported
$0.88
revenue$355,521,000
- Revenue $355.5M, down 1.2% reported; adjusted local currency revenue up 8.4% on pricing and volume.
- Reported diluted EPS $0.88 vs $0.75; operating income $52.8M vs $46.9M, up 12.6%.
- Color Group leads: revenue up 11.8% adj. local currency to $148.4M; segment margin 20.7%.
- Guidance raised: FY22 GAAP EPS growth now high-teens (vs mid-teens); revenue growth mid-to-high single digit.
- Foreign currency headwind of ~$0.12 per share expected for full year 2022.