Sensient(SXT)

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Sensient(SXT) - 2024 Q3 - Earnings Call Presentation
2024-10-25 13:12
Sensient Technologies Corporation Third Quarter 2024 Earnings Call October 25, 2024 Non-GAAP Financial Measures Within this document, the Company reports certain non-GAAP financial measures, including: (1) adjusted operating income, adjusted net earnings, and adjusted diluted earnings per share, which exclude restructuring and other costs, including the Portfolio Optimization Plan costs, (2) percentage changes in revenue, operating income, and diluted earnings per share on an adjusted local currency basis, ...
Sensient(SXT) - 2024 Q3 - Quarterly Results
2024-10-25 11:10
Exhibit 99.1 Contact: Amy Agallar (414) 347-3706 investor.relations@sensient.com Sensient Technologies Corporation Reports Results for the Quarter Ended September 30, 2024 MILWAUKEE — October 25, 2024 — Sensient Technologies Corporation (NYSE: SXT), a leading provider of flavors and colors for the food, pharmaceutical, and personal care markets, today reported financial results for the third quarter ended September 30, 2024. Third Quarter Consolidated Results • Reported revenue increased 7.9% to $392.6 mill ...
China SXT Pharmaceuticals, Inc. Received Nasdaq Notification Letter Regarding Bid Price Deficiency
GlobeNewswire News Room· 2024-10-07 20:15
Jiangsu, China, , Oct. 07, 2024 (GLOBE NEWSWIRE) -- China SXT Pharmaceuticals, Inc. ("SXTC" or the "Company"), (NASDAQ: SXTC) announced today that on October 3, 2024, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC ("Nasdaq") notifying the Company that the minimum bid price per share for its ordinary shares has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price re ...
Sensient(SXT) - 2024 Q2 - Earnings Call Transcript
2024-07-26 17:45
Financial Data and Key Metrics Changes - Consolidated local currency adjusted EBITDA increased by 2% for Q2 2024 and 2% for the first half of 2024 [4] - Revenue for Q2 2024 was $403.5 million, up from $374.3 million in Q2 2023 [34] - Operating income was $49.7 million in Q2 2024 compared to $51.6 million in the same period last year, with adjusted operating income at $51.4 million [18][19] - Cash flow from operations was $59 million for the first six months of 2024, up 14% compared to the previous year [21] - The company expects local currency adjusted EPS to grow at a mid-single-digit rate in 2024, up from a previous low to mid-single-digit growth expectation [6][23] Business Line Data and Key Metrics Changes - The Color Group achieved 5% local currency revenue growth and 9% local currency operating profit growth in Q2 2024 [5] - The Flavors and Extracts Group reported 11% local currency revenue growth and over 7% local currency operating profit growth in Q2 2024 [30] - The Asia Pacific Group also reported 11% local currency revenue growth and 9% local currency operating profit growth in Q2 2024 [31] Market Data and Key Metrics Changes - Local currency revenue increased by more than 8% in Q2 2024, primarily driven by volume growth [29] - The company noted that customer order patterns have normalized, contributing to improved sales across regions [31] Company Strategy and Development Direction - The company is focused on maintaining and improving its cost structure while investing in innovative product offerings [4][32] - A portfolio optimization plan is expected to generate annual cost savings of $8 million to $10 million once fully implemented by the end of 2025 [14] - The company is proactively addressing regulatory challenges in the market, particularly concerning titanium dioxide and Red 3, by offering high-performing alternatives [7][33] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improved financial results in 2024, expecting growth in sales volume and local currency revenue [6][15] - The company anticipates that operating profit improvement will accelerate in the second half of the year due to resumed volume growth [4][40] - Management acknowledged elevated costs in certain agricultural ingredients but expects improved operating leverage as these costs moderate [13][90] Other Important Information - The company reduced its inventory balance by approximately $45 million in the first half of the year [14] - Capital expenditures for the first six months of 2024 were $23 million, with expectations of $65 million to $70 million for the full year [38] Q&A Session Summary Question: What are the dynamics around new product launches? - Management noted a reduction in actual new product launches in food and beverage, with a focus on line extensions and new-to-the-world products [48][49] Question: How does the company view the current market backdrop? - Management highlighted a diversified customer base and a strong sales force, which helps mitigate risks associated with market downturns [52] Question: What is the outlook for operating leverage in the Flavors & Extracts segment? - Management indicated that high agricultural input costs are impacting operating leverage, but expects improvements as new crops come in [75][90] Question: Is destocking complete across segments? - Management confirmed that destocking headwinds have largely been resolved across different segments [100] Question: What are the expectations for growth in natural ingredients? - Management expects continued strong growth in natural ingredients, although contributions may moderate in the second half of the year [87]
Sensient(SXT) - 2024 Q2 - Quarterly Results
2024-07-26 11:05
Contact: Amy Agallar (414) 347-3706 investor.relations@sensient.com Reports Results for the Quarter Ended June 30, 2024 MILWAUKEE— July 26, 2024 — Sensient Technologies Corporation (NYSE: SXT), a leading provider of flavors and colors for the food, pharmaceutical, and personal care markets, today reported financial results for the second quarter ended June 30, 2024. • Reported revenue increased 7.8% to $403.5 million in the second quarter of 2024 versus last year's second quarter results of $374.3 million. ...
Sensient(SXT) - 2024 Q1 - Quarterly Report
2024-05-07 15:53
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-07626 Sensient Technologies Corporation (Exact name of registrant as specified in its charter) Wisconsin 39-0561070 (State or ot ...
Sensient(SXT) - 2024 Q1 - Earnings Call Transcript
2024-04-27 08:48
Sensient Technologies Corporation (NYSE:SXT) Q1 2024 Earnings Conference Call April 26, 2024 9:30 AM ET Company Participants Stephen Rolfs - Senior Vice President and Chief Financial Officer Paul Manning - Chairman, President and Chief Executive Officer Conference Call Participants Matthew Krueger - Baird Nicola Tang - BNP Exane David Green - Boldhaven Joanne Lim - BNP Paribas Exane Operator Good morning. And welcome to the Sensient Technologies Corporation 2024 First Quarter Earnings Conference Call. [Oper ...
Sensient(SXT) - 2024 Q1 - Quarterly Results
2024-04-26 11:04
Exhibit 99.1 Contact: Amy Agallar (414) 347-3706 investor.relations@sensient.com Sensient Technologies Corporation Reports Results for the Quarter Ended March 31, 2024 and Raises Full Year Guidance MILWAUKEE— April 26, 2024 — Sensient Technologies Corporation (NYSE: SXT), a leading provider of flavors and colors for the food, pharmaceutical, and personal care markets, today reported financial results for the first quarter ended March 31, 2024. First Quarter Consolidated Results "I am pleased that 2024 is of ...
Sensient(SXT) - 2023 Q4 - Annual Report
2024-02-22 16:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-07626 Sensient Technologies Corporation WISCONSIN 39-0561070 (State of Incorporation) (IRS Employer Identification Number) 777 EAST WISCONSIN AVENUE MILWAUKEE, WISCONSIN 53202-53 ...
Sensient(SXT) - 2023 Q4 - Earnings Call Transcript
2024-02-09 17:07
Sensient Technologies Corporation (NYSE:SXT) Q4 2023 Earnings Call Transcript February 9, 2024 9:30 AM ET Company Participants Stephen Rolfs - Senior Vice President and Chief Financial Officer Paul Manning - Chairman of the Board, President and Chief Executive Officer Conference Call Participants Ghansham Panjabi - Robert W. Baird Nicola Tang - BNP Paribas David Green - Boldhaven Operator Good morning. And welcome to the Sensient Technologies Corporation 2023 Fourth Quarter and Year-end Earnings Conference ...