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Sensient’s Q4, Full-Year 06 Results
Posted: February 12, 2007
Sensient Technologies Corp. (Milwaukee, WI) has reported revenue for the fourth quarter (ended December 31, 2006) of $272.8 million, an increase of 7.9% over the same quarter 2005. For the year, the company’s total revenue increased 7.3% to $1.1 billion.
The flavors and fragrances group achieved revenue of $185.0 million of the fourth quarter, an increase of 9.4% compared to $169.1 million in the fourth quarter 2005. Operating profit for the quarter rose 42.8% to $27.0 million. For the year, the group’s revenue increased 9.4% to $733.4 million and operating profit rose 26.7% to $104.5 million. The group’s results benefited from higher volumes and improved pricing, particularly in the United States. Flavor sales in Latin America and sales within the fragrances product lines were also up.
Of the results, Sensient chairman, president and CEO Kenneth Manning said, “Our major business segments enjoyed good volume growth and improved product mix during 2006. This was an outstanding year and I expect our business to continue to perform well in 2007.”