Sensient Q1 revenue up 4.2%; raises 2024 guidance to mid-single-digit growth

SENSIENT TECHNOLOGIES CORP

2024-Q1 EPS reported $0.73 revenue$384,670,000

Q1 revenue $384.7M (+4.2% reported; +3.8% local currency); reported EPS $0.73 vs $0.80 YoY.
Adjusted local currency EPS declined 1.3%; local currency adjusted operating income up 2.6%.
Flavors & Extracts revenue +8.0% (local currency +6.9%); Color revenue -0.7% on pharma destocking.
Now expects 2024 revenue and adjusted EBITDA to grow at mid-single-digit rate (prior: low to mid-single-digit).
GAAP EPS guidance $2.80-$2.90 includes $0.15 of Portfolio Optimization Plan costs; adjusted EPS growth low to mid-single-digit.

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, 2024 results: revenue $384.7 million, EPS 73 cents. Guidance raised.

Period: the quarter ended March 31, 2024
Revenue: $384.7 million
EPS: 73 cents
Guidance: raised
Result: reported results

Exact text from the filing

and personal care markets, today reported financial results for the first quarter ended March 31, 2024. First Quarter Consolidated Results • Reported revenue increased 4.2% to $384.7 million in the first quarter of 2024 versus last year’s first quarter results of $369.0 million. On a local currency basis (1) , revenue increased 3.8%. • Reported operating income

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Source: SEC EDGAR

accession 0001140361-24-022255

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