Sensient Technologies (SXT) Misses Q3 EPS by 3c; Updates FY16 Outlook

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Sensient Technologies Corporation Reports Results for the Quarter Ended September 30, 2016

October 20, 2016 6:05 PM EDT

MILWAUKEE--(BUSINESS WIRE)-- Sensient Technologies Corporation (NYSE: SXT) reported diluted earnings per share from continuing operations of 79 cents in this years third quarter compared to 61 cents in last years third quarter. Revenue was $349.7 million in this years third quarter, an increase of 1.5% compared to $344.5 million in the comparable period last year. Operating income was $51.2 million in the third quarter of 2016 compared to $43.2 million in last years third quarter. Foreign currency translation impacted third quarter results, reducing reported revenue, operating income and earnings per share by approximately 1%.

For the nine months ended September 30,... More