Sensient Q3 EPS 75¢, down 15.3% local currency; guides FY EPS down low double digits vs prior high single digit

SENSIENT TECHNOLOGIES CORP

2023-Q3 EPS reported $2.35 revenue$1,107,148,000

Revenue $363.8M (+0.8% reported; -2.0% local currency); operating income $44.5M (-6.2% local currency).
Diluted EPS 75¢ vs 85¢ YoY; local currency EPS down 15.3% on lower volumes and higher interest.
Flavors & Extracts operating income -12.4%; Color -18.7%; Asia Pacific +16.4% (reported).
FY 2023 GAAP EPS guidance cut to low double-digit decline (from high single-digit); revenue growth lowered to low single-digit local currency.
CEO cites customer destocking headwinds; expects improved growth when market dynamics recover.

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 0.95

SENSIENT TECHNOLOGIES CORP updated its the quarter ended September 30, 2023 guidance (reaffirmed).

Period: the quarter ended September 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Sensient Technologies Corporation (the “Company”) issued a press release on October 20, 2023, disclosing its results of operations for its quarter ended September 30, 2023, and its financial condition at that date. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

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Source: SEC EDGAR

accession 0001140361-23-048937

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