Sensient Technologies Q2 revenue beats on color segment growth
Sensient Technologies Q2 revenue beats on color segment growth
Overview
U.S. flavors and colors supplier's Q2 revenue rose 12%, beating analyst expectations
Adjusted EPS for Q2 rose 28% year-over-year
Growth driven by higher prices and strong volume, especially in Color segment
Outlook
Sensient raises 2026 GAAP diluted EPS guidance to $4.10-$4.20 from $3.70-$3.90
Company expects high single-digit to low double-digit 2026 local currency revenue growth
Sensient sees mid-teen to high teen 2026 local currency adjusted EBITDA growth
Result Drivers
COLOR SEGMENT - Co said strong volume growth and higher prices in Color segment drove revenue and operating income increases
FLAVORS & EXTRACTS - Co said higher prices and volume growth drove revenue increase in Flavors & Extracts segment
ASIA PACIFIC - Co said strong volume growth and higher prices contributed to revenue growth in Asia Pacific segment
Company press release: ID:nBw2Nl3pka
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $462.08 mln | $448.91 mln (4 Analysts) |
Q2 EPS |
| $1.20 |
|
Q2 Net Income |
| $51.36 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialty chemicals peer group is "buy"
Wall Street's median 12-month price target for Sensient Technologies Corp is $139.50, about 19.2% above its July 23 closing price of $117.03
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 22 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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Sensient Technologies Corp reports results for the quarter ended June 30 - Earnings Summary