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MILWAUKEE - Sensient Technologies Corporation (NYSE:SXT) reported second quarter earnings that matched analyst expectations on Friday, as the provider of flavors and colors for food, pharmaceutical, and personal care markets saw modest revenue growth and improved profitability.
Following the earnings release, Sensient’s stock edged up 0.20% in pre-market trading.
The company reported second quarter earnings per share of $0.88, in line with analyst estimates. Revenue increased 2.7% to $414.2 million compared to $403.5 million in the same period last year, slightly below the consensus estimate of $416.51 million. On a local currency basis, revenue grew 2.1%.
Operating income jumped 16.2% to $57.7 million compared to $49.7 million in the second quarter of 2024. Local currency adjusted operating income and adjusted EBITDA increased 16.9% and 14.1%, respectively.
"Sensient continued to build on a strong first quarter. Our results are a testament to our relentless focus on customer service and innovation," said Paul Manning, Sensient’s Chairman, President, and Chief Executive Officer. "I remain very confident about our performance in 2025 and beyond."
The Color Group was the standout performer with revenue increasing 6.9% to $179.3 million, driven by strong growth in food and pharmaceutical product lines. The segment’s operating income surged 23.6% to $38.9 million.
The Asia Pacific Group also showed strong growth with revenue up 10.8% to $42.7 million and operating income increasing 13.5% to $8.9 million. However, the Flavors & Extracts Group saw revenue decline 2.8% to $203.3 million due to lower volumes in natural ingredients, though operating income still increased 8.8% to $28.5 million.
Sensient maintained its full-year 2025 guidance, projecting mid-single-digit local currency revenue growth and high single-digit to double-digit growth in local currency adjusted diluted EPS. The company raised its outlook for local currency adjusted EBITDA to high single-digit growth from its previous guidance of mid-single-digit to high single-digit growth.
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