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Sensient Technologies reports solid performance in first quarter

12:05 PM MDT | April 21, 2015 | Michael Ravenscroft

Sensient Technologies (Milwaukee) has reported net earnings of of $30.5 million the first quarter of 2015 compared with a loss of $2.08 million in the year-ago quarter. Revenue declined 5.7% year-on-year (YOY), to $346.2 million. Adjusted earnings totaled 76 cts/share, up 7.0% YOY. Foreign currency effects reduced both revenue and adjusted operating income by approximately 7% in the first quarter, Sensient says. “We delivered a solid performance in the first quarter,” says Paul Manning, president and CEO of Sensient. “The flavors and fragrances...

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