Sensient Technologies (SXT) Misses Q2 EPS by 7c

Sensient Technologies (NYSE: SXT) reported Q2 EPS of $0.81, $0.07 worse than the analyst estimate of $0.88. Revenue for the quarter came in at $374.3 million versus the consensus estimate of $382.62 million.

Sensient now expects 2023 full year GAAP diluted earnings per share to be down high single digits compared to our 2022 reported GAAP diluted earnings per share of $3.34 and also on a local currency basis compared to our 2022 adjusted diluted earnings per share(2) of $3.29. The Company’s previous 2023 full year GAAP diluted earnings per share guidance was for a flat to low single-digit growth rate compared to our 2022 reported GAAP diluted earnings per share and on a local currency basis compared to our 2022 adjusted diluted earnings per share(2).

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

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