in this issue
Markets :: Specialty Chemicals :: Flavors and fragrances
Sensient swings to loss on restructuring charges, raises guidance
10:00 AM MDT | April 15, 2014 | Vincent Valk
Sensient Technologies has reported a first-quarter net loss of $2.08 million, or 4 cts/share, compared with a profit of $21.4 million, or 43 cts/share, in the year-ago quarter, due mostly to restructuring charges. Excluding restructuring costs, which totaled $52.7 million during the quarter, adjusted net earnings totaled 71 cts/share, up 14.5% year-on-year (YOY). Revenues rose 0.7%, to $368.1 million. “The results this quarter clearly demonstrate that our strategy is working. There is additional upside potential for the margins in both businesses, and we...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee