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Sep 30, 2024
Sensient Q3 2024 Earnings Report
Sensient's revenue and operating income increased, driven by solid performance and volume growth.
Key Takeaways
Sensient Technologies reported a 7.9% increase in revenue to $392.6 million and a 13.4% increase in operating income to $50.5 million for the third quarter ended September 30, 2024. Diluted earnings per share increased by 2.7% to $0.77. The company remains confident in achieving its 2024 guidance.
Revenue increased by 7.9% to $392.6 million compared to the prior year.
Operating income rose by 13.4% to $50.5 million, including $1.2 million in Portfolio Optimization Plan costs.
Diluted earnings per share increased by 2.7% to $0.77.
Flavors & Extracts, Color, and Asia Pacific groups all reported revenue and operating income growth.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Sensient expects high single-digit growth in local currency revenue and local currency adjusted EBITDA. Diluted EPS (GAAP) is projected to be between $2.77 and $2.87, which includes approximately 18 cents of Portfolio Optimization Plan costs. Local currency adjusted diluted EPS is expected to see mid-single-digit growth.
Positive Outlook
- High single-digit growth in local currency revenue
- High single-digit growth in local currency adjusted EBITDA
- Diluted EPS (GAAP) between $2.77 and $2.87
- Mid-single-digit growth in local currency adjusted diluted EPS
- Solid performance and volume growth
Challenges Ahead
- Guidance is based on current conditions and economic and market trends
- Subject to various risks and uncertainties
- Includes approximately 18 cents of Portfolio Optimization Plan costs in Diluted EPS (GAAP)
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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