Sensient reports record quarter

Milwaukee-based Sensient Technologies Corp. today reported record quarterly d earnings per share of 70 cents in the second quarter, up from 67 cents a year ago.

The impact of foreign currency reduced reported earnings per share by approximately four cents in the second quarter. Foreign currency translation also significantly reduced both revenue and operating income in the second quarter. Revenue was $367.8 million in the second quarter, compared with $377.0 million in the second quarter of 2011.
Operating income was $54.3 million in both the current quarter and last year’s comparable period.
“Sensient delivered a solid performance in the second quarter,” said Kenneth Manning, chairman, president and chief executive officer of Sensient. “We achieved local currency revenue and operating income growth in difficult economic conditions. We continue to see opportunities for growth in all of our groups, and I remain very optimistic about the company’s future.”

 

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