Sensient reports Q4 revenue up 2.4%, full-year adjusted local currency revenue +9.7%; issues cautious 2023 guidance

SENSIENT TECHNOLOGIES CORP

2022-FY EPS reported $3.34 revenue$1,437,039,000

Q4 2022 revenue $348.7M vs $340.4M (+2.4% reported, +5.9% adjusted local currency).
Q4 reported diluted EPS $0.69 vs $0.65; included $0.04 from earnout on yogurt fruit prep divestiture.
Full-year 2022 reported revenue +4.1%, adjusted local currency +9.7%; reported operating profit +15.7%.
2023 guidance: GAAP EPS flat to low-single digit growth; revenue mid-single digit local currency growth.
Expects FY2023 interest expense increase of ~$11M and tax rate ~25%; foreign exchange a headwind early in year.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SENSIENT TECHNOLOGIES CORP reported Quarter Ended December 31, 2022 results: revenue $348.7 million, EPS 69 cents.

Period: Quarter Ended December 31, 2022
Revenue: $348.7 million
EPS: 69 cents
Result: reported results

Exact text from the filing

Sensient Technologies Corporation (NYSE: SXT) reported consolidated revenue of $348.7 million in this year’s fourth quarter compared to $340.4 million in last year’s fourth quarter. Reported operating income in the fourth quarter of 2022 was $41.2 million compared to $40.4 million in the fourth quarter of 2021. Reported diluted earnings per share was 69 cents in the fourth quarter of 2022 compared to 65 cents in the fourth quarter of 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SENSIENT TECHNOLOGIES CORP updated its Full Year 2023 guidance (initiated).

Period: Full Year 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

Sensient expects 2023 full year GAAP diluted earnings per share to be flat to low-single digit growth compared to our 2022 reported GAAP diluted earnings per share of $3.34. The Company expects 2023 revenue to grow at a mid-single digit rate on a local currency basis compared to the Company’s 2022 revenue. The Company expects 2023 diluted earnings per share to be flat to low-single digit growth on a local currency basis compared to the Company’s 2022 adjusted diluted earnings per share (2) of $3.29. The Company expects 2023 adjusted EBITDA (2) to grow at a mid-to-high single digit rate on a local currency basis compared to the Company’s 2022 adjusted EBITDA (2). The Company expects its 2023 diluted earnings per share to be impacted by higher interest rates and a higher tax rate. The Company currently expects interest expense to increase by approximately $11 million ($0.20 per diluted share) in 2023 compared to the Company’s 2022 full year interest expense of $14.5 million. The Company

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

SENSIENT TECHNOLOGIES CORP reported Year Ended December 31, 2022 results: EPS $3.34.

Period: Year Ended December 31, 2022
EPS: $3.34
Result: reported results

Exact text from the filing

Sensient expects 2023 full year GAAP diluted earnings per share to be flat to low-single digit growth compared to our 2022 reported GAAP diluted earnings per share of $3.34.

View on SEC.gov

Browse all earnings releases →

SENSIENT TECHNOLOGIES CORP filing history →

Source: SEC EDGAR

accession 0001140361-23-005710

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.