Brief: Sensient Technologies Reports Q2 Earnings Per Share $0.72

Sensient Technologies

17/07/2020 12:59

July 17 (Reuters) - Sensient Technologies Corp  SXT.N :
    * ORATION REPORTS RESULTS FOR THE QUARTER ENDED JUNE 30,
2020
    * Q2 EARNINGS PER SHARE $0.72
    * Q2 REVENUE $323.1 MILLION VERSUS $339.2 MILLION
    * CURRENT DILUTED EARNINGS PER SHARE GUIDANCE FOR 2020 IS
$2.10 TO
$2.35
    * RECONFIRMS PREVIOUSLY ISSUED GUIDANCE OF $2.60 TO $2.80
FOR 2020
ADJUSTED EARNINGS PER SHARE
    * CONTINUES TO EXPECT 2020 ADJUSTED EBITDA TO GROW AT A LOW
TO
MID-SINGLE DIGIT RATE
    * FY2020 EARNINGS PER SHARE VIEW $2.57 -- REFINITIV IBES
DATA
    * SENSIENT TECHNOLOGIES -  EXPECT 2020 ADJUSTED OPERATING
INCOME
TO BE FLAT TO DOWN AT LOW-SINGLE DIGIT RATE, IN EACH CASE ON
LOCAL CURRENCY BASIS
    * 2020 ADJUSTED OPERATING INCOME WILL BE IMPACTED BY HIGHER
NON-CASH PERFORMANCE-BASED COMPENSATION
    * FULL IMPACT OF COVID-19 REMAINS UNKNOWN AND CONTINUES TO
CREATE
UNCERTAINTY
    * ALSO CONFIRMING PREVIOUSLY ISSUED GUIDANCE FOR LOW TO
MID-SINGLE
DIGIT REVENUE GROWTH IN 2020

Source text for Eikon:  ID:nBwcgDknwa 
Further company coverage:  SXT.N 

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