People & Business :: Earnings/Finance
Sensient to cut 200 jobs, net earnings fall
3:16 PM MST | February 7, 2013 | Vincent Valk
Sensient Technologies recorded fourth-quarter net earnings down 4.8% year-on-year (YOY), to$27.2 million, on revenue up 4.7% YOY, $352.2 million. Earnings totaled 55 cts/share, short of analysts’ consensus estimate of 60 cts/share, as reported by Thomson Reuters (New York). Flavors and fragrances segment revenues rose 5.6% YOY, to $216.9 million, while segment operating income was down 9.9% YOY, to $28.7 million. Colors segment revenues were up 1.3% YOY, to $114.3 million, while segment operating income fell 5.9%, to $19.1 million. Sensient is...
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