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Sensient Q2 2006 Results
Posted: July 24, 2006
Sensient (Milwaukee) has reported second quarter 2006 (ended June 30, 2006) revenue of $282.2 million, an increase of 7.0 percent from the same quarter 2005.
The Flavors & Fragrances Group reported second quarter revenue of $188.3 million, an increase of 9.2 percent. The Group’s operating income for the quarter increased 19.0 percent to $27.1 million. Year-to-date revenue increased 8.4 percent to $358.8 million, while operating income was up 15.4 percent to $50.0 million. Group revenue in the quarter benefited from higher volumes and improved pricing, particularly within the North American flavors market. Higher sales, favorable product mix and improvements in the company's cost structure boosted quarterly profit.
Of the results, Sensient chairman, president and CEO Kenneth Manning said, “All our groups show revenue growth and higher operating profits. The Flavors & Fragrances Group performed particularly well, reporting record quarterly revenues and operating income. We expect the Company's strong performance to continue in the second half and into next year.”