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Dec 31, 2020
Sensient Q4 2020 Earnings Report
Sensient's Q4 2020 earnings were released, with revenue increasing and earnings per share turning positive compared to the previous year.
Key Takeaways
Sensient Technologies Corporation reported a revenue increase of 5.0% in Q4 2020, reaching $334.7 million compared to $318.6 million in Q4 2019. The company's operating income turned positive at $34.8 million, compared to an operating loss of $14.5 million in the same period last year. Diluted earnings per share also improved to $0.59, a significant turnaround from the loss per share of $0.40 in Q4 2019. Cash flow from operations increased by 53%.
Consolidated revenue increased by 5.0% compared to the previous year.
Operating income improved from a loss to a profit of $34.8 million.
Diluted earnings per share shifted from a loss to a profit of $0.59.
Flavors & Extracts Group reported double digit revenue and profit growth.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Sensient anticipates full year 2021 GAAP diluted earnings per share to grow at a mid to high single digit growth rate compared to the Company’s 2020 reported GAAP diluted earnings per share of $2.59. The Company expects 2021 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
- Full year 2021 GAAP diluted earnings per share are expected to grow at a mid to high single digit growth rate compared to 2020.
- Adjusted local currency revenue is expected to grow at a low to mid-single digit rate.
- Adjusted local currency EBITDA is expected to grow at a mid-single digit rate.
- Earnings per share reported on a U.S. dollar basis are expected to benefit by approximately ten cents based on current exchange rates.
- Company's guidance is based upon current trends and the effects of COVID-19 to date.
Challenges Ahead
- Full year 2021 guidance includes approximately 25 to 30 cents per share of estimated divestiture & other related costs.
- Guidance includes the results of the operations to be divested.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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