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Record F&F Results in Sensient 2010 Q3 Financials
Posted: October 27, 2010
Sensient Technologies Corporation (Milwaukee) reported record consolidated revenue for the third quarter of 2010, totaling $340.9 million, an increase of 12.4% compared to third quarter 2009 revenue of $303.2 million.
Revenue in the flavor and fragrance group for the third quarter of 2010 grew 6.4% to $207.2 million, compared to $194.8 million during the same period 2009. Gains resulted from volume gains in the US and Europe. Group operating income in the quarter was $32.2 million, compared to $30.7 million in the prior year's third quarter.
"All of our operating units delivered exceptional results this quarter," said chairman and CEO Kenneth Manning. "Our strategic initiatives are driving the strong performance this year, and we are optimistic about our growth opportunities going forward."