Revenue for the Flavors & Fragrances Group increased 6.4% to a record $860.7 million in 2011, compared to $809.1 million reported in 2010. Operating income for the year was $130.8 million, also a record level and an increase of 7.3% over the $122.0 million reported last year. Foreign currency translation increased revenue and operating income by approximately 2% in 2011.
Corporate & Other, which includes the Company’s operations in Asia Pacific and China, reported revenue of $32.3 million for the fourth quarter, an increase of 4.6% over the $30.8 million reported in the fourth quarter of 2010. Revenue for the year was $131.8 million, an increase of 16.5% from the $113.2 million reported in 2010.
Sensient expects 2012 diluted earnings per share to be within a range of $2.48 to $2.58.
The Company will host a conference call to discuss its 2011 fourth quarter and full year financial results at 10:00 a.m. CST on Tuesday, February 7, 2012. To make a reservation for the conference call, please contact InterCall Teleconferencing at (706) 645-6973 and refer to the Sensient Technologies Corporation conference call.
A replay will be available beginning at 1:00 p.m. CST on February 7, 2012, through midnight on February 14, 2012, by calling (404) 537-3406 and referring to conference identification number 42163538. A transcript of the call will also be posted on the Company’s web site at
after the call concludes.
This release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995) that reflect management’s current assumptions and estimates of future economic circumstances, industry conditions, Company performance and financial results.
A variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results, including, but not limited to the factors noted in this press release and in the Management’s Discussion and Analysis in our most recently filed annual report on Form 10-K for the year ended December 31, 2010, and quarterly report on Form 10-Q for the quarter ended September 30, 2011. The forward-looking statements in this press release speak only as to the date of this release.
Sensient Technologies Corporation expressly disclaims any obligation or undertaking to release publicly any updates or revisions to such statements to reflect any change in its expectations upon which such statements are based.
ABOUT SENSIENT TECHNOLOGIES
Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors and fragrances. Sensient employs advanced technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, inkjet and specialty inks and colors, and other specialty and fine chemicals. The Company’s customers include major international manufacturers representing most of the world’s best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.