Sensient Technologies
SXT
$92.39 -2.15%
Exchange: NYSE | Sector: Basic Materials | Industry: Chemicals Specialty
Q3 2024
Published: Nov 5, 2024

Earnings Highlights

  • Revenue of $392.61M up 7.9% year-over-year
  • EPS of $0.77 increased by 4% from previous year
  • Gross margin of 33.2%
  • Net income of 32.69M
  • ""We expect revenue and EBITDA growth to continue to be strong in the fourth quarter. The volume improvement is due to our high level of new sales wins across each of our groups."" - Paul Manning
SXT
Sensient Technologies Corporation

Executive Summary

In Q3 2024, Sensient Technologies Corporation reported a noteworthy revenue of $392.6 million, reflecting a 7.9% year-over-year increase, driven primarily by robust volume growth across all segments, particularly in the Color Group which achieved 13% local currency revenue growth. The company's adjusted EBITDA rose to $69.8 million, showcasing a healthy margin of 17.6%. Management highlighted strong performance from new sales wins and an end to customer destocking, alongside a focus on profitable innovations in natural colors and flavors. With expectations of continued strong performance into Q4, Sensient anticipates high single-digit growth in adjusted EBITDA and revenue for the full year 2024, affirming their long-term objectives of sustainable growth and shareholder value.

Key Performance Indicators

Revenue
Increasing
392.61M
QoQ: -2.70% | YoY: 7.91%
Gross Profit
Increasing
130.40M
33.21% margin
QoQ: -0.24% | YoY: 14.76%
Operating Income
Increasing
50.52M
QoQ: 1.74% | YoY: 13.45%
Net Income
Increasing
32.69M
QoQ: 5.68% | YoY: 3.64%
EPS
Increasing
0.78
QoQ: 6.85% | YoY: 4.00%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 0.39 0.81 -99.9% View
Q4 2024 376.42 0.71 +7.8% View
Q3 2024 392.61 0.77 +7.9% View
Q2 2024 403.53 0.73 +7.8% View
Q1 2024 384.67 0.73 +4.2% View