https://assets.capyfin.com/instruments/678fdc13234e27009c5d5bda.png avatar
Sensient
🇺🇸 NYSE:SXT
View Company
OverviewEarningsDividends
•
Mar 31, 2022

Sensient Q1 2022 Earnings Report

Sensient's first quarter results reflected a mix of revenue performance across its segments, with overall revenue slightly decreased but operating income significantly increased, leading to higher earnings per share. The company also raised its 2022 guidance based on these strong results and a favorable outlook.

Key Takeaways

Sensient Technologies Corporation reported consolidated revenue of $355.5 million, a slight decrease of 1.2% compared to the previous year. However, operating income increased by 12.6% to $52.8 million, and diluted earnings per share rose by 17.3% to $0.88. The company has raised its 2022 full year GAAP diluted earnings per share and revenue growth expectations.

Consolidated revenue decreased slightly by 1.2% to $355.5 million.

Operating income increased by 12.6% to $52.8 million.

Diluted earnings per share increased by 17.3% to $0.88.

The company raised its 2022 full year GAAP diluted earnings per share and revenue growth expectations.

Total Revenue
$356M
Previous year: $360M
-1.2%
EPS
$0.88
Previous year: $0.77
+14.3%
Total Revenue Change
-1.2%
Previous year: 2.6%
-146.2%
Flavors & Fragrances Change
-9.1%
Previous year: 7.7%
-218.2%
Color Change
9.4%
Previous year: -5.4%
-274.1%
Gross Profit
$125M
Previous year: $116M
+8.0%
Cash and Equivalents
$32.2M
Previous year: $28M
+14.9%
Free Cash Flow
-$13.6M
Previous year: $14.7M
-192.6%
Total Assets
$1.79B
Previous year: $1.72B
+3.9%

Sensient

Sensient

Sensient Revenue by Segment

Sensient Revenue by Geographic Location

Forward Guidance

Sensient expects 2022 full year GAAP diluted earnings per share to grow at a high-teen growth rate and revenue to grow at a mid-to-high single-digit rate in local currency. Earnings per share are expected to be impacted by approximately twelve cents of foreign currency headwinds.

Positive Outlook

  • Expects 2022 full year GAAP diluted earnings per share to grow at a high-teen growth rate compared to 2021.
  • Expects 2022 revenue to grow at a mid-to-high single-digit rate in local currency compared to 2021.
  • Expects 2022 adjusted EBITDA and diluted earnings per share to grow at a high single- to double-digit rate in local currency compared to 2021.
  • Previous 2022 GAAP diluted earnings per share guidance was for a mid-teen growth rate.
  • Previous 2022 revenue guidance was for a mid-single-digit growth rate in local currency.

Challenges Ahead

  • Earnings per share reported on a U.S. dollar basis to be impacted by approximately twelve cents of foreign currency headwinds.
  • Full impacts of the ongoing COVID-19 pandemic remain uncertain.
  • Guidance is based upon current trends, current tax law, and the effects of COVID-19 to date.
  • Uncertain impacts of the ongoing conflict between Russia and Ukraine on our supply chain, input costs, including energy and transportation, and generally on economic conditions
  • Availability and cost of raw materials, energy, and other supplies, the availability and cost of labor, logistics, and transportation

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Sensient