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Stock impact report

Sensient Technologies Corporation Reports Results for the Quarter Ended December 31, 2023 [Yahoo! Finance]

Sensient Technologies Corporation (SXT) 
Last sensient technologies corporation earnings: 2/14 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.sensient.com/investor-overview
Company Research Source: Yahoo! Finance
food, pharmaceutical, and personal care markets, today reported financial results for the fourth quarter ended December 31, 2023. The Company also announced its Portfolio Optimization Plan, pending changes to its officer group, as well as a nominee for election to its Board of Directors at its 2024 annual meeting of shareholders. Fourth Quarter Consolidated Results Reported revenue increased 0.2% to $349.3 million in the fourth quarter of 2023 versus last year's fourth quarter results of $348.7 million. On a local currency basis , revenue decreased 1.8%. Reported operating income declined 80.4% to $8.1 million compared to $41.2 million recorded in the fourth quarter of 2022. In the fourth quarter of 2023, the Company recorded $27.8 million of costs, primarily non-cash, related to its recently enacted Portfolio Optimization Plan. Local currency adjusted operating income and local currency adjusted EBITDA decreased 9.6% and 8.5%, respectively, in the fourth quarter, with each decr Show less Read more
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