Sensient(US:SXT)2025-04-25 11:12Financial Performance - Reported revenue increased 2.0% to $392.3 million in Q1 2025 compared to $384.7 million in Q1 2024, with a local currency increase of 4.1%[5] - Reported operating income rose 8.3% to $53.5 million in Q1 2025, up from $49.4 million in Q1 2024, with local currency adjusted operating income increasing by 10.3%[5] - Earnings per share increased 11.0% to $0.81 in Q1 2025 compared to $0.73 in Q1 2024, with local currency adjusted diluted EPS rising by 11.4%[5] - Net earnings for the quarter ended March 31, 2025, increased to $34,462 million, up 11.4% from $30,940 million in 2024[29] - Adjusted operating income rose to $56,394 million, reflecting an 8.0% increase compared to $52,218 million in the prior year[29] - Total revenue for the quarter increased by 2.0%, with adjusted revenue growth of 4.1%[33] - Diluted earnings per share (GAAP) increased to $0.81, an 11.0% rise from $0.73 in the previous year[29] Segment Performance - The Flavors & Extracts Group reported revenue of $193.7 million, a slight increase of 0.3% year-over-year, while the Color Group's revenue increased by 4.8% to $167.8 million[8][9] - Operating income from the Color segment increased by 10.0% to $34,852 million, while the Flavors & Extracts segment saw a 5.5% increase to $24,989 million[31] - The Asia Pacific Group's revenue grew by 4.0% to $41.9 million, with segment operating income increasing by 7.6% to $9.4 million[10] Guidance and Future Outlook - The company's guidance for 2025 includes mid-single-digit growth in local currency revenue and diluted EPS expected between $3.13 and $3.23[14] Expenses and Costs - Corporate & Other reported operating expenses of $15.8 million in Q1 2025, up from $14.7 million in Q1 2024, primarily due to higher performance-based compensation costs[12] - The company recorded $2.9 million in costs related to its Portfolio Optimization Plan in Q1 2025, slightly up from $2.8 million in the prior year[5] Assets and Liabilities - Total assets increased to $2.09 billion as of March 31, 2025, compared to $2.02 billion at the end of 2024[26] - Long-term debt rose to $683.3 million as of March 31, 2025, compared to $613.5 million at the end of 2024[26] - Net debt as of March 31, 2025, was $680,676 million, a slight increase from $649,175 million in 2024[36] Cash Flow - Cash flows from operating activities showed a net cash used of $8,978 million, a decrease from $15,134 million in 2024[27] - Net cash used in investing activities was $21,284 million, compared to $10,938 million in the prior year, indicating increased investment[27] - Credit Adjusted EBITDA for the trailing twelve months ended March 31, 2025, was $273,198 million, up from $250,229 million in 2024[36] Dividends - The company paid dividends of $0.41 per share, consistent with the previous year[27]