IHS Chemical Week

People & Business :: Earnings/Finance

Sensient earnings fall on restructuring charges, sales reported flat

3:44 PM MDT | April 18, 2013 | Lindsay Frost

Sensient Technologies (Milwaukee) reported a drop in net income and earnings per share due to restructuring costs—announced in February—as reported in their first quarter earnings, released today. Net income fell 25.8% year-on-year (YOY), to $21.4 million. Earnings per share, which includes a restructuring costs of 19 cts, were 43 cts/share—below analyst consensus of 59 cts/share, according to Thomson Reuters (New York). Net sales were flat YOY, at $366 million. The company says foreign currency translation did not have a significant impact on...

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