Sensient Q1 revenue up 3.8% to $369M; EPS down to $0.80 from $0.88; reaffirms FY23 guidance

SENSIENT TECHNOLOGIES CORP

2023-Q1 EPS reported $0.80 revenue$369,006,000

Revenue $369.0M (+3.8% reported, +5.2% local currency); reported diluted EPS $0.80 vs $0.88 YoY.
Flavors & Extracts revenue -2.1%, op income -19.6% due to customer destocking and higher input costs.
Color Group revenue +8.6%, op income +4.0% on higher pricing and food/pharma volumes, offset by personal care destocking.
Asia Pacific revenue +9.9%, op income +12.6% with local currency growth 14.6% and 18.0% respectively.
Reaffirms FY23 guidance: GAAP EPS flat to low-single digit growth vs $3.34; revenue mid-single digit local currency growth.

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 the quarter ended March 31, 2023 results: revenue $369.0 million, EPS 80 cents. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $369.0 million
EPS: 80 cents
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Sensient Technologies Corporation (NYSE: SXT) reported consolidated revenue of $369.0 million in this year’s first quarter compared to $355.5 million in last year’s first quarter. Reported operating income in the first quarter of 2023 was $50.8 million compared to $52.8 million in the first quarter of 2022. Reported diluted earnings per share was 80 cents in the first quarter of 2023 compared to 88 cents in the first quarter of 2022.

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Source: SEC EDGAR

accession 0001140361-23-021178

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