Sensient Technologies (SXT) Misses Q1 EPS by 7c; Offers Guidance

Sensient Technologies (NYSE: SXT) reported Q1 EPS of $0.80, $0.07 worse than the analyst estimate of $0.87. Revenue for the quarter came in at $369 million versus the consensus estimate of $373.44 million.

2023 OUTLOOK

Sensient is reconfirming its expectation for the 2023 full year GAAP diluted earnings per share to be flat to low-single digit growth compared to our 2022 reported GAAP diluted earnings per share of $3.34.

The Company continues to expect 2023 revenue to grow at a mid-single digit rate on a local currency basis compared to the Company’s 2022 revenue. The Company continues to expect 2023 diluted earnings per share to be flat to low-single digit growth on a local currency basis compared to the Company’s 2022 adjusted diluted earnings per share(2) of $3.29. The Company continues to expect 2023 adjusted EBITDA(2) to grow at a mid-to-high single digit rate on a local currency basis compared to the Company’s 2022 adjusted EBITDA(2).

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

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