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Dec 31, 2022
Sensient Q4 2022 Earnings Report
Sensient reported slight revenue and operating income growth in Q4 2022, with diluted EPS increasing to $0.69.
Key Takeaways
Sensient Technologies Corporation reported a revenue increase of 2.4% to $348.7 million in Q4 2022 compared to $340.4 million in Q4 2021. The operating income also saw a slight increase to $41.2 million from $40.4 million in the previous year. Reported diluted earnings per share increased to $0.69 compared to $0.65 in the prior year.
Consolidated revenue increased by 2.4% to $348.7 million in Q4 2022.
Operating income rose to $41.2 million, a 2.0% increase year-over-year.
Diluted earnings per share increased to $0.69, compared to $0.65 in the prior year.
Foreign currency translation negatively impacted revenue by approximately 3% and EPS by 6%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Sensient expects 2023 full year GAAP diluted earnings per share to be flat to low-single digit growth compared to our 2022 reported GAAP diluted earnings per share of $3.34. The Company expects 2023 revenue to grow at a mid-single digit rate on a local currency basis compared to the Company’s 2022 revenue.
Positive Outlook
- Company expects 2023 revenue to grow at a mid-single digit rate on a local currency basis compared to the Company’s 2022 revenue.
- Company expects 2023 diluted earnings per share to be flat to low-single digit growth on a local currency basis compared to the Company’s 2022 adjusted diluted earnings per share of $3.29.
- Company expects 2023 adjusted EBITDA to grow at a mid-to-high single digit rate on a local currency basis compared to the Company’s 2022 adjusted EBITDA.
- Based on current exchange rates, the Company expects foreign exchange rates to be modestly favorable for the full year.
- The Company does not anticipate any divestiture related costs, operational improvement plan costs, or results of divested business in 2023 at this time.
Challenges Ahead
- Sensient expects 2023 full year GAAP diluted earnings per share to be flat to low-single digit growth compared to our 2022 reported GAAP diluted earnings per share of $3.34.
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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