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Sensient Reports New First-Quarter Records
Posted: April 20, 2012
Sensient Technologies Corporation reported increases across the board for the first quarter of 2012. Operating income was $46.5 million, compared to the $43.6 million in the first quarter of 2011. Consolidated revenue increased 4.6% to $365.7 million; it was $349.7 million reported in the same period for 2011. In local currency, revenue was up 6.3% and operating income was up 8.8% in the quarter. Diluted earnings per share increased 9.4% over last year's first quarter, to 58 cents.
The flavor and fragrance reported revenue of $214.7 million, and operating income was $29.1 million, a 6.1% increase in local currency over he first quarter last year.