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Sensient
🇺🇸 NYSE:SXT
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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.

Total Revenue
$335M
Previous year: $319M
+5.0%
EPS
$0.61
Previous year: $0.62
-1.6%
Total Revenue Change
5%
Previous year: -1.8%
-377.8%
Flavors & Fragrances Change
11.8%
Previous year: -3.7%
-418.9%
Color Change
-4.4%
Previous year: -1.6%
+175.0%
Gross Profit
$104M
Previous year: $85.5M
+21.7%
Cash and Equivalents
$24.8M
Previous year: $21.2M
+17.1%
Free Cash Flow
$57.7M
Previous year: $36.6M
+57.8%
Total Assets
$1.74B
Previous year: $1.74B
+0.0%

Sensient

Sensient

Sensient Revenue by Segment

Sensient 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.
  • Guidance includes the operational improvement plan costs.
  • The full impacts of the ongoing COVID-19 pandemic remain uncertain.
  • Management will continue to monitor COVID-19 impacts on business.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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