Sensient Q2 revenue +8.5% local currency; raises 2024 guidance for revenue, EBITDA, adj EPS

SENSIENT TECHNOLOGIES CORP

2024-Q2 EPS reported $1.46 revenue$788,195,000

Q2 revenue $403.5M (+7.8% reported, +8.5% local currency); local currency adjusted op income +1.1%.
Reported diluted EPS $0.73 (-9.9% YoY); local currency adj EPS -2.5% on higher interest and taxes.
Flavors & Extracts revenue +11.1% to $209.2M; Color +4.5% to $167.7M; Asia Pacific +7.1% to $38.6M.
FY guidance raised: local currency revenue/EBITDA now mid-to-high single-digit; GAAP EPS $2.77-$2.87 (incl. ~$0.18 optimization costs).
Adjusted diluted EPS growth guidance raised to mid-single-digit from low-to-mid single-digit.

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