Sensient Technologies (SXT) Reports In-Line Q2 EPS, Revenues Beat; Lowers FY18 EPS Outlook Below Consensus

Sensient Technologies (NYSE: SXT) reported Q2 EPS of $0.92, in-line with the analyst estimate of $0.92. Revenue for the quarter came in at $363 million versus the consensus estimate of $352.3 million.

2018 OUTLOOK

“Sensient delivered solid results in the second quarter, with revenue growth in each of the Company’s reporting segments,” said Paul Manning, Chairman, President and CEO of Sensient Technologies Corporation. “Color had another strong quarter driven by strong demand for cosmetic ingredients and natural food colors, and Flavors & Fragrances performance was in line with my expectations. I remain very optimistic about the Company’s future.”

The U.S. dollar has strengthened since the Company issued its previous earnings guidance, and the Company is updating its 2018 earnings guidance, primarily to reflect the impact of foreign currency. Sensient now expects earnings per share for 2018 to be between $3.60 and $3.70. The Company’s previous guidance had been between $3.70 and $3.80.

GUIDANCE:

Sensient Technologies sees FY2018 EPS of $3.60-$3.70, versus the consensus of $3.72.

For earnings history and earnings-related data on Sensient Technologies (SXT) click here.

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