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Stock impact report

Sensient Technologies Corporation Reports Results for the Quarter Ended September 30, 2024

Sensient Technologies Corporation (SXT) 
Last sensient technologies corporation earnings: 2/14 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.sensient.com/investor-overview
Company Research Source: Business Wire
MILWAUKEE--(BUSINESS WIRE)--Sensient Technologies Corporation (NYSE: SXT), a leading provider of flavors and colors for the food, pharmaceutical, and personal care markets, today reported financial results for the third quarter ended September 30, 2024.Third Quarter Consolidated ResultsReported revenue increased 7.9% to $392.6 million in the third quarter of 2024 versus last year’s third quarter results of $363.8 million. On a local currency basis(1), revenue increased 8.6%.Reported operating income increased 13.4% to $50.5 million compared to $44.5 million recorded in the third quarter of 2023. In the third quarter of 2024, the Company recorded $1.2 million of costs related to its Portfolio Optimization Plan. Local currency adjusted operating income(1) and local currency adjusted EBITDA(1) increased 17.1% and 12.8%, respectively, in the third quarter.Reported diluted earnings per share increased 2.7% to 77 cents in the third quarter of 2024 compared to 75 cents in the third quart Show less Read more
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