Brief: Sensient Technologies Reports Results For The Quarter Ended March 31, 2023

Sensient Technologies

28/04/2023 12:24

April 28 (Reuters) - Sensient Technologies Corp  SXT.N :
    * SENSIENT TECHNOLOGIES CORPORATION REPORTS RESULTS FOR THE
QUARTER ENDED MARCH 31, 2023
    * SENSIENT TECHNOLOGIES CORP - CONTINUES TO EXPECT 2023
REVENUE TO
GROW AT MID-SINGLE DIGIT RATE ON LOCAL CURRENCY BASIS COMPARED
TO COMPANY'S 2022 REVENUE
    * SENSIENT TECHNOLOGIES CORP- EXPECTS ITS 2023 DILUTED
EARNINGS
PER SHARE TO BE IMPACTED BY HIGHER INTEREST RATES AND A HIGHER
TAX RATE
    * SENSIENT TECHNOLOGIES CORP- BASED ON CURRENT EXCHANGE
RATES,
COMPANY EXPECTS FOREIGN EXCHANGE RATES TO BE MODESTLY FAVORABLE
FOR FULL YEAR
    * SENSIENT TECHNOLOGIES CORP- DO NOT ANTICIPATE DIVESTITURE
RELATED COSTS, OPERATIONAL IMPROVEMENT PLAN COSTS, OR RESULTS OF
DIVESTED BUSINESS IN 2023
    * SENSIENT TECHNOLOGIES- CONTINUES TO EXPECT 2023 ADJUSTED
EBITDA
TO GROW AT MID-TO-HIGH SINGLE DIGIT RATE ON LOCAL CURRENCY BASIS
VERSUS CO'S 2022 ADJUSTED EBITDA
    * SENSIENT TECHNOLOGIES CORP - EXPECTS ITS 2023 DILUTED
EARNINGS
PER SHARE TO BE IMPACTED BY HIGHER INTEREST RATES AND A HIGHER
TAX RATE
    * SENSIENT TECHNOLOGIES - RECONFIRMING EXPECTATION FOR FY23
GAAP
DILUTED EPS TO BE FLAT TO LOW-SINGLE DIGIT GROWTH VERSUS 2022
REPORTED GAAP DILUTED EPS
    * SENSIENT TECHNOLOGIES- DO NOT ANTICIPATE ANY DIVESTITURE
RELATED
COSTS, OPERATIONAL IMPROVEMENT PLAN COSTS, OR RESULTS OF
DIVESTED BUSINESS IN 2023 AT THIS TIME

Source text for Eikon:  ID:nBw4HQqRYa 
Further company coverage:  SXT.N