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Sensient Technologies Corporation Reports Results For The Quarter And Year Ended December 31, 2012

Stocks in this article: SXT

The Color Group reported revenue of $114.3 million in the fourth quarter, up from $112.8 million reported in last year’s fourth quarter. Operating income was $19.1 million in the fourth quarter of 2012, compared to $20.3 million in the fourth quarter of 2011. Foreign currency translation reduced both revenue and operating income by approximately one percent in the fourth quarter.

The Flavors & Fragrances Group also reported record revenue of $875.3 million in 2012, up from $857.5 million in 2011. Operating income was $123.0 million in 2012 compared to $129.4 million in 2011. Foreign currency translation reduced revenue by approximately three percent and operating income by one percent in 2012.

In the fourth quarter, the Flavors & Fragrances Group reported revenue of $216.9 million, an increase of 5.6% over the $205.4 million reported in last year’s fourth quarter. Operating income was $28.7 million in the quarter compared to $31.8 million in the fourth quarter of 2011. Foreign currency translation did not have a significant impact on revenue and increased operating income by approximately one percent.

The Corporate & Other segment, which includes the Company’s operations in Asia Pacific and China, and certain flavor businesses in Central and South America, reported revenue of $156.8 million in 2012, an increase of 9.2% from the $143.6 million reported in 2011. Revenue was $40.4 million in the fourth quarter of 2012, up 15.2% over the $35.1 million reported in last year’s fourth quarter. Foreign currency translation did not significantly impact revenue for either the year or the fourth quarter.

2013 OUTLOOK

Sensient expects 2013 diluted earnings per share, excluding the restructuring charges, to be within a range of $2.64 and $2.72.

CONFERENCE CALL

The Company will host a conference call to discuss its 2012 fourth quarter and full year financial results at 10:00 a.m. CST on Friday, February 8, 2013. 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.

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