Industry News Sponsored by
Sensient Technologies Corporation reported all-time quarterly records for revenue, operating income and earnings per share for the three months ended June 30, 2011, and both the color and flavors & fragrances groups reported all-time quarterly highs for revenue and operating income. Revenue for the six months ended June 30, 2011, was $726.7 million, a 12.1% increase over the $648 million reported in the first half of 2010. Diluted earnings per share increased 13.2% to $1.20 compared to $1.06 reported in last year's first half. Foreign currency translation increased revenue and operating income by approximately 4% for the year-to-date period.
The flavors & fragrances group reported second quarter revenue of $226.5 million, an increase of 10.5% over the $205 million reported in the second quarter of 2010. Second quarter operating income increased 8.8% to $36.1 million from $33.2 million reported in last year's second quarter. Foreign currency translation increased revenue and operating profit by approximately 5% and 4%, respectively.