The Flavors & Fragrances Group reported third quarter revenue of $224.7 million compared to $220.3 million in last year’s third quarter. Operating income was $31.8 million in the quarter compared to $33.1 million in the third quarter of 2011. Foreign currency translation reduced revenue by 3.4% and operating income by 1.4% in the quarter. Third quarter results were affected by customer inventory destocking and higher raw material costs.The Corporate & Other segment, which includes the Company’s operations in Asia Pacific and China, and the flavor businesses in Central and South America, reported revenue of $40.8 million in the quarter, an increase of 8.4% over the $37.6 million reported in last year’s third quarter.
Sensient Technologies Corporation Reports Results For The Third Quarter Ended September 30, 2012
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