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Markets :: Specialty Chemicals :: Flavors and fragrances
Sensient Posts First-Quarter Gains, Increases Full-Year Guidance
10:46 AM MDT | April 20, 2012 | Rebecca Coons
Sensient Technologies reported net earnings of $28.9 million for its fiscal first quarter ended March 31, 9% higher than the same year-ago quarter. Sales were 5% higher, to $366 million. Earnings of 58 cts/share narrowly beat analysts’ estimates of 57 cts/share, as reported by Thomson Reuters (New York). The company’s color segment reported a 14% increase in operating income, on sales 5% higher, to $131 million. Gains were driven by strong growth in North America food color business and in inks in both North America and Europe. Flavors and...
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