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Dec 31, 2021
Sensient Q4 2021 Earnings Report
Sensient reported a revenue increase of 1.7% and EPS of $0.65 for Q4 2021.
Key Takeaways
Sensient Technologies Corporation reported a 1.7% increase in consolidated revenue, reaching $340.4 million for Q4 2021. The company's operating income increased by 16.1% to $40.4 million, and diluted earnings per share rose to $0.65, compared to $0.59 in the same quarter of the previous year. Flavors & Extracts revenue decreased due to divestiture, while Color and Asia Pacific groups reported double-digit revenue growth.
Consolidated revenue increased by 1.7% to $340.4 million.
Operating income rose by 16.1% to $40.4 million.
Diluted earnings per share increased to $0.65 from $0.59.
Color and Asia Pacific groups experienced double-digit revenue and profit growth.
Sensient
Sensient
Sensient Revenue by Segment
Sensient Revenue by Geographic Location
Revenue by Segment
Flavors & Extracts Revenue
CapyFin.comColor Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comRevenue by Geographic Location
Asia Pacific Revenue
CapyFin.com Forward Guidance
Sensient expects 2022 full year GAAP diluted earnings per share to grow at a mid-teen growth rate compared to the Company’s 2021 reported GAAP diluted earnings per share of $2.81. The Company expects 2022 local currency revenue to grow at a mid-single-digit rate compared to the Company’s 2021 adjusted revenue. The Company expects 2022 local currency adjusted EBITDA and local currency diluted earnings per share to grow at a high single-digit rate compared to the Company’s 2021 adjusted EBITDA and the Company’s 2021 adjusted diluted earnings per share of $3.13, respectively.
Positive Outlook
- 2022 full year GAAP diluted earnings per share to grow at a mid-teen growth rate compared to the Company’s 2021 reported GAAP diluted earnings per share of $2.81.
- 2022 local currency revenue to grow at a mid-single-digit rate compared to the Company’s 2021 adjusted revenue
- 2022 local currency adjusted EBITDA to grow at a high single-digit rate compared to the Company’s 2021 adjusted EBITDA
- 2022 local currency diluted earnings per share to grow at a high single-digit rate compared to the Company’s 2021 adjusted diluted earnings per share of $3.13
- Company’s guidance is based upon current trends, current tax law, and the effects of COVID-19 to date.
Challenges Ahead
- Full year 2022 guidance does not include any material divestiture related costs, operational improvement plan costs, or results of divested businesses.
- Company expects earnings per share reported on a U.S. dollar basis to be impacted by approximately ten cents of foreign currency headwinds based on current exchange rates.
- The full impacts of the ongoing COVID-19 pandemic remain uncertain
- Management will continue to monitor its impacts on our business.
- Uncertainty related to governmental regulations and restrictions, and general economic conditions, including inflation
Revenue & Expenses
Visualization of income flow from segment revenue to net income