Sensient Technologies Considers Up To 130 In Job Cuts [MarketWatch]
Sensient Technologies Corporation (SXT)
Last sensient technologies corporation earnings: 2/14 06:55 am
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Source: MarketWatch
The company said in a regulatory filing Thursday that it was considering closing a manufacturing facility in Wales and its sales office in Granada, Spain in its Flavors & Extracts segment. The company is also evaluating potentially centralizing and eliminating certain selling and administrative positions. Advertisement Sensient is also considering closing a manufacturing facility and sales office in its Color segment. Sensient said that all the considered actions, if taken, are expected to cost about $40 million and would reduce headcount by about 130. The plan is expected to be finished by the end of 2025. Sensient also announced that Chief Financial Officer Stephen Rolfs would retire on June 30. Tobin Tornehl, controller and chief accounting officer, will succeed Rolfs when he retires. Write to Ben Glickman at ben.glickman@wsj.com
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News
- Natural Food Colors Market to Be Worth $3.74 Billion by 2031--Exclusive Report by Meticulous Research® [Yahoo! Finance]Yahoo! Finance
- Sensient Technologies Corporation (NYSE:SXT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Sensient Technologies Co. (NYSE: SXT) had its price target raised by analysts at Robert W. Baird from $70.00 to $80.00. They now have an "outperform" rating on the stock.MarketBeat
- Sensient Technologies Corporation Reports Results for the Quarter Ended March 31, 2024 and Raises Full Year Guidance [Yahoo! Finance]Yahoo! Finance
- Sensient Technologies beats top-line and bottom-line estimates; updates FY24 outlook [Seeking Alpha]Seeking Alpha
SXT
Sec Filings
- 5/1/24 - Form 4
- 4/30/24 - Form 8-K
- 4/30/24 - Form 8-K/A
- SXT's page on the SEC website