Sensient Q2 EPS 81c vs 92c YoY; cuts FY23 GAAP EPS view to down high-single-digits

SENSIENT TECHNOLOGIES CORP

2023-Q2 EPS reported $1.60 revenue$743,319,000

Q2 revenue $374.3M (+0.7% YoY); reported operating income $51.6M; diluted EPS $0.81 vs $0.92 prior year.
Flavors & Extracts revenue -0.6% (local -1.6%); Color +2.7% (local +1.6%); Asia Pacific -3.5%.
FY23 GAAP EPS guidance downgraded to down high single digits from prior flat/low-single-digit growth on reported $3.34.
Adjusted EBITDA guidance cut to down mid-single digits on local currency; prior view was mid-to-high single-digit 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 updated its full year 2023 guidance (lowered).

Period: full year 2023
Guidance: lowered
Result: guidance update

Exact text from the filing

Sensient now expects 2023 full year GAAP diluted earnings per share to be down high single digits compared to our 2022 reported GAAP diluted earnings per share of $3.34 and also on a local currency basis compared to our 2022 adjusted diluted earnings per share (2) of $3.29.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SENSIENT TECHNOLOGIES CORP reported the quarter ended June 30, 2023 results: revenue $374.3 million, EPS 81 cents.

Period: the quarter ended June 30, 2023
Revenue: $374.3 million
EPS: 81 cents
Result: reported results

Exact text from the filing

Sensient Technologies Corporation (NYSE: SXT) reported consolidated revenue of $374.3 million in this year’s second quarter compared to $371.7 million in last year’s second quarter.

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Source: SEC EDGAR

accession 0001140361-23-035573

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