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Mar 31, 2021
Sensient Q1 2021 Earnings Report
Sensient Technologies Corporation reported its Q1 2021 results, with revenue and operating income increasing.
Key Takeaways
Sensient Technologies Corporation reported a revenue increase of 2.6% and a significant rise in operating income by 35.7% for the first quarter of 2021. Diluted earnings per share increased to 75 cents, compared to 49 cents in the previous year. The Flavors & Extracts and Asia Pacific groups showed strong revenue and profit growth, while the Personal Care segment was negatively impacted by the COVID-19 pandemic. The company completed the divestiture of its Fragrances product line in April.
Consolidated revenue increased by 2.6% to $359.7 million compared to the previous year.
Operating income rose by 35.7% to $46.9 million.
Diluted earnings per share increased to $0.75, up from $0.49 year-over-year.
Flavors & Extracts and Asia Pacific groups reported strong revenue and profit growth.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Sensient reconfirmed its 2021 guidance for GAAP diluted earnings per share to grow at a mid to high single digit growth rate compared to 2020. The company expects adjusted local currency revenue to grow at a low to mid-single digit rate and adjusted local currency EBITDA to grow at a mid-single digit rate.
Positive Outlook
- Reconfirming 2021 guidance for GAAP diluted earnings per share growth.
- Expects adjusted local currency revenue to grow at a low to mid-single digit rate.
- Anticipates adjusted local currency EBITDA to grow at a mid-single digit rate.
- Expects earnings per share reported on a U.S. dollar basis to benefit by approximately ten cents based on current exchange rates.
- Guidance is based upon current trends, current tax law, and the effects of COVID-19 to date.
Challenges Ahead
- Full impacts of the ongoing COVID-19 pandemic remain uncertain.
- Guidance includes approximately 30 cents per share of estimated divestiture & other related costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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