Sensient(SXT)

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Sensient(SXT) - 2021 Q4 - Annual Report
2022-02-18 16:53
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, 2021 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) - 2021 Q4 - Earnings Call Transcript
2022-02-11 17:01
Sensient Technologies Corporation (NYSE:SXT) Q4 2021 Earnings Conference Call February 11, 2022 9:30 AM ET Company Participants Stephen J. Rolfs - SVP and CFO Paul Manning - Chairman, President, and CEO Conference Call Participants Ghansham Panjabi - Robert W. Baird Heidi Vesterinen - BNP Paribas Mitra Ramgopal - Sidoti David Green - Boldhaven Management Operator Good morning and welcome to the Sensient Technologies Corporation 2021 Fourth Quarter and Year-End Earnings Conference Call. All participants will ...
Sensient(SXT) - 2021 Q4 - Earnings Call Presentation
2022-02-11 14:00
SENSIENT® Fourth Quarter 2021 Investor Presentation FORWARD-LOOKING STATEMENTS This document contains statements that may constitute "forward-looking statements" within the meaning of Federal securities laws including under "2022 Financial Outlook" in this presentation. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors concerning the Company's operations and business environment. Important factors that could cause ac ...
Sensient(SXT) - 2021 Q3 - Quarterly Report
2021-11-02 16:56
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: September 30, 2021 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 o ...
Sensient(SXT) - 2021 Q3 - Earnings Call Presentation
2021-10-15 17:02
SENSIENT® Third Quarter 2021 Investor Presentation FORWARD-LOOKING STATEMENTS This document contains statements that may constitute "forward-looking statements" within the meaning of Federal securities laws including under "2021 Financial Outlook" in this presentation. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors concerning the Company's operations and business environment. Important factors that could cause act ...
Sensient(SXT) - 2021 Q3 - Earnings Call Transcript
2021-10-15 15:59
Financial Data and Key Metrics Changes - The company reported a consolidated adjusted local currency revenue growth of 13% for Q3 2021 compared to Q3 2020, with adjusted local currency EBITDA up by 12.9% and adjusted local currency EPS increasing by 9.1% [11][37][44] - GAAP diluted earnings per share for Q3 2021 was $0.80, which included divestiture costs and operational improvement plan costs [35][41] - The leverage ratio improved to 2.0 times adjusted EBITDA, down from 2.6 a year ago, indicating a solid balance sheet position [41][118] Business Line Data and Key Metrics Changes - The Flavors & Extracts Group achieved 12% adjusted local currency revenue growth and 16% adjusted local currency profit growth, with growth across almost all product lines [12][19][22] - The Color Group delivered 18% adjusted local currency revenue growth and 15% adjusted local currency profit growth, driven by strong demand in food and pharmaceutical colors [13][24][25] - The Asia Pacific Group reported 10% adjusted local currency revenue growth and 11% adjusted local currency profit growth, with a focus on sales execution and customer service [14][27][28] Market Data and Key Metrics Changes - The company noted challenges in the supply chain, including increased input costs and logistics delays, but remains optimistic about managing these issues through pricing increases and safety stock [16][18] - There is a strong demand for natural colors and flavors across key product lines and regions, with expectations for continued growth in the fourth quarter and into 2022 [25][29] Company Strategy and Development Direction - The company is focused on customer service, product delivery, and sales execution, which have led to a high level of new product wins [15][31] - The completion of divestitures allows the company to concentrate on key markets such as food, pharmaceuticals, and personal care [30] - The company anticipates mid-single-digit revenue growth for the Flavors & Extracts Group and Color Group, with a focus on maintaining strong margins [32][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate supply chain challenges and maintain growth momentum into 2022 [18][100] - The company is optimistic about the recovery of the personal care segment, particularly in makeup, which is expected to gain traction in Q4 [72][96] - Management highlighted the importance of new product launches and customer wins as key drivers for future growth [54][99] Other Important Information - The company completed the acquisition of Flavor Solutions, contributing approximately $2.4 million in revenue for the quarter [21][38] - A 5% increase in the quarterly dividend was announced, reflecting a commitment to capital allocation and shareholder returns [41][42] Q&A Session Summary Question: Concerns about inflation and its impact on volumes - Management acknowledged that while inflation could lead to shrinkflation strategies among customers, the diversified customer base and ongoing new product launches may offset potential volume risks [52][54] Question: Operating leverage and personal care outlook - Management explained that pricing lags inflation, but expects operating leverage to improve in Q4, particularly in personal care as demand recovers [66][70] Question: Competitive pressure in the market - Management noted that while competition exists, the focus remains on executing the company's strategy and serving customers effectively [81][82] Question: Growth opportunities in extracts - Management highlighted both organic and inorganic growth opportunities in the extracts market, emphasizing the potential for acquisitions [86][87] Question: Update on M&A and balance sheet strategy - Management confirmed the successful integration of Flavor Solutions and indicated a willingness to pursue further acquisitions while maintaining a flexible balance sheet [115][118]
Sensient(SXT) - 2021 Q2 - Quarterly Report
2021-08-03 16:23
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: June 30, 2021 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 oth ...
Sensient(SXT) - 2021 Q2 - Earnings Call Transcript
2021-07-23 19:48
Financial Data and Key Metrics Changes - The second quarter GAAP diluted earnings per share was $0.61, which included $7 million or approximately $0.16 per share of costs related to divestitures and operational improvement plans [28] - Consolidated adjusted revenue was $333.6 million, an increase of 9.1% in local currency compared to the second quarter of 2020 [30] - Adjusted local currency EBITDA was up approximately 6% for the quarter, and adjusted local currency EPS was up 8.6% for the quarter [30] Business Line Data and Key Metrics Changes - The Flavors & Extract Group reported 9% adjusted local currency revenue growth and 13% adjusted local currency operating profit growth [9][16] - The Color Group achieved 7% adjusted local currency revenue growth and 5% adjusted local currency profit growth, driven by a rebound in the Personal Care business [9][20] - The Asia-Pacific Group delivered 11% adjusted local currency revenue growth and 22% adjusted local currency profit growth [10][24] Market Data and Key Metrics Changes - The food and pharmaceutical product line revenue was up mid-single digits for the quarter, with improvements noted in Europe and Latin America [21][22] - Personal Care revenue was up double digits in the quarter, with expectations for continued improvement in the second half of the year [23] - The company noted strong growth in food colors and flavor product lines despite the ongoing impacts of COVID-19 [15] Company Strategy and Development Direction - The company completed the acquisition of Flavor Solutions, which enhances its technology platforms and expands its portfolio for clean label flavors [11] - The company is actively looking for other acquisition opportunities that align with its strategic initiatives in food, pharmaceutical excipients, and personal care [12] - The company anticipates mid-single-digit revenue growth for Flavors & Extracts and Color Group, with a focus on maintaining strong operating profit margins [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth outlook for the second half of the year, citing strong customer activity and product launches [41][42] - The company is managing supply chain challenges and rising input costs, with a strong ability to pass these costs onto customers [14][44] - Management remains optimistic about the recovery of the Personal Care business and expects improved operating leverage in the second half of the year [49][72] Other Important Information - The company’s leverage ratio improved to 2 times debt-to-adjusted EBITDA, down from 2.7 times a year ago, indicating a solid balance sheet position [33] - The company expects adjusted local currency revenue to grow at a mid-single-digit rate for 2021, an increase from previous guidance [36] Q&A Session Summary Question: Update on volumes for the three segments and raw material inflation - Management indicated a positive outlook for volumes across all segments, with strong fundamentals remaining intact despite geographic differences [41][42] - They noted the ability to pass on input cost increases to the market, with some raw material prices expected to regress [44][45] Question: Contribution margins in the Color Group - Management acknowledged that operating leverage would improve in the second half of the year as Personal Care volumes recover [48][49] Question: Product development and customer activity - Management reported a return to normal product launch activity, with increased engagement from multinational customers [51][54] Question: Concerns about weather impacts on natural products - Management expressed confidence in their diversified growing base, mitigating risks from weather extremes [56][58] Question: Insights on the Flavor Solutions acquisition - Management highlighted the complementary technologies and strong customer relationships that Flavor Solutions brings to the company [90][92] Question: Inflation concerns and ability to pass on costs - Management reassured that they can manage through inflation and have a diversified raw material supply base to mitigate risks [105] Question: Acquisition environment and competition - Management noted that the acquisition environment remains stable, with a focus on strategic and financially sound opportunities [109][110]
Sensient(SXT) - 2021 Q1 - Quarterly Report
2021-05-04 18:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q For the transition period from to Commission file number: 001-07626 Sensient Technologies Corporation (Mark One) (Exact name of registrant as specified in its charter) Wisconsin 39-0561070 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 777 EAST WISCONSIN AVENUE, MILWAUKEE, WISCONSIN 53 ...
Sensient(SXT) - 2021 Q1 - Earnings Call Transcript
2021-04-23 19:54
Sensient Technologies Corporation (NYSE:SXT) Q1 2021 Earnings Conference Call April 23, 2021 9:30 AM ET Company Participants Stephen Rolfs - Senior Vice President & Chief Financial Officer Paul Manning - Chairman, President & Chief Executive Officer Conference Call Participants Heidi Vesterinen - Exane BNP Paribas Mark Connelly - Stephens Inc. Mitra Ramgopal - Sidoti & Company, LLC Leigh Ferst - HighTower Advisors David Green - Boldhaven Operator Good morning and welcome to the Sensient Technologies Corpora ...