Sensient Technologies (SXT) Reports In-Line Q4 EPS, Revenue Beats, Offers Guidance

Sensient Technologies (NYSE: SXT) reported Q4 EPS of $0.61, in-line with the analyst estimate of $0.61. Revenue for the quarter came in at $334.7 million versus the consensus estimate of $310.74 million.

GUIDANCE:

Sensient Technologies sees FY2021 EPS of $2.79, versus the consensus of $3.03.

• Sensient expects 2021 full year GAAP diluted earnings per share to grow at a mid to high single digit growth rate compared to the Company’s 2020 reported GAAP diluted earnings per share of $2.59. Our full year 2021 guidance includes approximately 25 to 30 cents per share of estimated divestiture & other related costs, the results of the operations to be divested, and the operational improvement plan costs.
• The Company expects 2021 adjusted local currency revenue (2) to grow at a low to mid-single digit rate and adjusted local currency EBITDA (2) to grow at a mid-single digit rate. The Company also expects, on a local currency basis, 2021 adjusted diluted earnings per share (2) to grow at a mid-single digit growth rate compared to the Company’s 2020 adjusted diluted earnings per share of $2.79.
• The Company expects earnings per share reported on a U.S. dollar basis to benefit by approximately ten cents based on current exchange rates.
• The Company’s guidance is based upon current trends and the effects of COVID-19 to date. The full impacts of the ongoing COVID-19 pandemic remain uncertain and management will continue to monitor its impacts on our business.
• (2) See “Reconciliation of Non-GAAP Amounts” at the end of this release for more information.

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

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