SXT: Sensient Technologies Corporation (NYSE: SXT)

Sensient Technologies Corporation (NYSE: SXT) stated earnings for each share of 75.0 cents in the 3rd-quarter of 2k19 contrast to stated earnings for each share of $1.120 in the 3rd-quarter of 2k18. The stated earnings for each share of 75.0 cents in the current duration compares to the adjusted earnings for each share of 95.0 cents for the comparable prior year duration. Revenue was $317.70M in this year’s 3rd-quarter contrast to $342.70M in the comparable duration previous year. Operating income was $38.80M in the 3rd-quarter of 2k19 and $50.30M in last year’s 3rd-quarter. Foreign currency translation reduced revenue, operating income and earnings for each share by about 1.0 percent in the quarter.

The Color Group stated revenue of $127.00M in the quarter contrast to $135.10M in last year’s 3rd-quarter. Segment operating income was $23.40M in the quarter contrast to $26.60M in last year’s comparable duration. Foreign currency reduced both revenue and operating income by about 2.0 percent in the duration. The Group’s results were favorably influenced by the continued growth in natural colors in the Food & Beverage Colors business and growth in the Pharmaceutical business, offset by lower sales in the Cosmetic, Inks, and Industrial businesses. Color Group operating income was lower in the quarter mainly because of the lower segment sales and higher input costs.

The Flavors & Fragrances Group stated 3rd-quarter revenue of $167.60M contrast to $184.40M stated in the comparable duration previous year. Higher revenue in the finished flavors and extracts product lines was offset by lower revenue in certain flavor ingredient product lines. Segment operating income was $17.60M in the 3rd-quarter contrast to $24.80M stated in the 3rd-quarter of 2k18. The Group’s lower profit was mainly a result of the lower segment sales and lower production volumes. Foreign currency translation reduced revenue by about 2.0 percent and operating income by about 1.0 percent in the quarter.

The Asia Pacific Group stated revenue of $30.10M in the quarter contrast to $31.30M stated in the comparable previous year duration. Segment operating income was $5.40M and $5.80M in the 3rd-quarters of 2k19 and 2k18, respectively. Foreign currency translation raised segment revenue by about 2.0 percent and raised operating income by about 5.0 percent in the quarter.

Corporate & Other stated operating costs of $7.70M in the current quarter contrast to $6.90M in the 3rd-quarter of 2k18. The higher costs are mainly the result of a reduction in performance-based compensation cost in last year’s 3rd-quarter.

 

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