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Sensient earnings fall but beat estimates

3:51 PM MDT | October 17, 2013 | Vincent Valk

Sensient Technologies has reported third-quarter earnings down 4.1% year-on-year (YOY) $31.5 million, or 63 cts/share, on sales up 0.7%, to $372 million. Adjusted earnings, which exclude costs related to the restructuring of the flavors and fragrances segment, totaled 72 cts/share, slightly ahead of analysts’ consensus estimate of 71 cts/share, as reported by Thomson Reuters (New York). Flavors and fragrances segment sales increased 0.7% YOY, to $226.3 million, while segment operating income was flat at $31.8 million. The restructuring of the business...

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