Sensient Technologies (SXT) Tops Q2 EPS by 4c, Revenues Beat; Maintains FY20 EPS Guidance Above Consensus

Sensient Technologies (NYSE: SXT) reported Q2 EPS of $0.72, $0.04 better than the analyst estimate of $0.68. Revenue for the quarter came in at $323.09 million versus the consensus estimate of $311.79 million.

• Flavors & Fragrances Group reports Strong Revenue Growth and Profit Growth
• Cash Provided by Operating Activities Increased 34% in the Quarter
• Sensient Completes the Sale of its Inks product line

GUIDANCE:

Sensient Technologies sees FY2020 EPS of $2.60-$2.80, versus the consensus of $2.48.

2020 OUTLOOK

Based upon current trends, the Company’s current diluted earnings per share guidance for 2020 is $2.10 to $2.35. This guidance now includes 35 to 40 cents per share of divestiture & other related costs and the results of the operations divested and to be divested. The Company’s previously issued diluted earnings per share guidance for 2020 was $1.85 to $2.15, which included 55 to 65 cents per share of divestiture & other related costs and the results of the operations divested and to be divested. The Company’s guidance continues to include approximately 10 cents of foreign currency headwinds based on current exchanges rates.

Based upon current trends, the Company reconfirms its previously issued guidance of $2.60 to $2.80 for adjusted diluted earnings per share(2), which excludes divestiture & other related costs, the results of the operations divested and to be divested, and foreign currency impacts.

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

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