NYSE$SXT

Sensient Technologies Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Sensient Technologies Corporation reported an increase in consolidated revenue and confirmed full-year guidance.

Sensient Technologies Corporation reported a revenue increase of 0.9% to $350.7 million in Q1 2020, with diluted earnings per share of 49 cents. The company confirmed its full-year guidance despite challenges posed by COVID-19, with all production facilities remaining operational.

  • Consolidated revenue increased by 0.9%, with adjusted local currency consolidated revenue up by 3.1%.
  • Cash provided by operating activities increased by 58% in the quarter.
  • Sensient confirmed its full-year diluted earnings per share guidance of $1.85 to $2.15.
  • The company's plants remain operational to meet customer demand during the COVID-19 pandemic.

Headline financials

Total Revenue

$351M

Previous: $348M+0.9%
EPS (adj)

$0.72

Previous: $0.78-7.7%
Total Revenue Change

0.9%

No prior period
Flavors & Extracts Revenue Change

1.6%

No prior period
Color Revenue Change

-0.3%

No prior period
Asia Pacific Revenue Change

6.8%

No prior period
Capital Expenditures

-$9.41M

Previous: -$8.3M-13.4%
Free Cash Flow

$11.4M

Previous: $24.5M-53.6%
Net Income

$20.8M

Previous: $32.8M-36.7%
Operating Income

$34.6M

Previous: $49.4M-30.1%
Gross Profit

$112M

Previous: $115M-2.9%
Cash & Equivalents

$23.1M

Previous: $33.9M-31.9%
Total Assets

$1.69B

Previous: $1.84B-8.0%
Stock-Based Comp

$1.18M

Previous: $687K+71.3%

Revenue & EPS history

Sensient · Revenue · Quarterly

$351M

Q1 2020+0.9%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Sensient · $360M total across 3 segments · Q1 2020

  • Flavors & Extracts
    $186M+1.6%
  • Color
    $143M-0.3%
  • Asia Pacific
    $30.4M+6.8%

Forward guidance

Sensient reconfirmed its previously issued diluted earnings per share guidance for 2020 of $1.85 to $2.15 and low to mid-single digit revenue growth in 2020 on a local currency basis, excluding the revenues of the product lines to be divested.

Tailwinds

  • Reconfirming diluted earnings per share guidance for 2020 of $1.85 to $2.15.
  • Reconfirming guidance of $2.60 to $2.80 for adjusted diluted earnings per share.
  • Confirming low to mid-single digit revenue growth in 2020 on a local currency basis.
  • Expects 2020 Adjusted EBITDA to grow at a low to mid-single digit rate.
  • All production facilities are open and producing.

Headwinds

  • Guidance includes 55 to 65 cents per share of divestiture & other related costs and the results of the operations to be divested.
  • Guidance includes approximately 10 cents of foreign currency headwinds.
  • Adjusted Operating Income will be impacted by higher non-cash performance-based compensation.
  • The full impact of COVID-19 is unknown and creates uncertainty.
  • Operating income was $34.6 million in the first quarter of 2020 compared to operating income of $49.4 million in last year’s first quarter.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.2%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+0.3%

Avg return

30 days after

49%

34 / 69 earnings

Positive

+24.6%

Q1 2026

Best reaction

-16.1%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+24.6%+21.5%+15.2%
Q4 2025-5.0%-6.4%-9.0%
Q3 2025+2.8%+7.1%+8.6%
Q2 2025-4.3%-5.7%-11.9%
Q1 2025+13.5%+17.2%+17.2%
Q4 2024-7.5%-9.0%-4.8%
Q3 2024+2.2%-0.3%+1.5%
Q2 2024-2.8%-3.1%-6.4%
Q1 2024+4.4%+5.8%+8.4%
Q4 2023-4.2%-3.0%+8.9%
Q3 2023+1.0%-1.2%+8.1%
Q2 2023-7.3%-5.1%-15.6%
Q1 2023+2.8%+2.4%-1.6%
Q4 2022+6.0%+9.1%-3.3%
Q3 2022-6.6%-1.8%+4.2%
Q2 2022-1.0%+1.1%+2.6%
Q1 2022+0.6%+3.1%+3.1%
Q4 2021-3.8%-2.8%-9.7%
Q3 2021+4.9%+4.4%+10.8%
Q2 2021+6.0%+5.5%+5.8%
Q1 2021+2.2%+1.4%+6.6%
Q4 2020-3.0%-0.9%+3.8%
Q3 2020+7.5%+8.8%+14.2%
Q2 2020-3.5%-4.0%-2.7%
Q1 2020+2.2%-0.4%+7.2%
Q4 2019-10.4%-9.0%-25.7%
Q3 2019-9.2%-7.1%-5.6%
Q2 2019-2.9%-0.7%-6.1%
Q1 2019+1.3%+4.1%-3.5%
Q4 2018+1.3%+3.1%+6.5%
Q3 2018-16.1%-17.5%-13.9%
Q2 2018-7.6%-7.9%-4.2%
Q1 2018+1.1%-0.8%+1.7%
Q4 2017-1.1%+0.8%+8.5%
Q3 2017+0.6%-1.7%-4.1%
Q2 2017-7.2%-7.1%-11.3%
Q1 2017+1.5%-0.4%-2.1%
Q4 2016+2.0%+2.5%+2.5%
Q3 2016+1.2%+2.0%+5.3%
Q2 2016+6.2%+4.0%+3.4%
Q1 2016+1.1%
Q4 2015-6.6%
Q3 2015-0.2%
Q2 2015-2.6%
Q1 2015+1.9%
Q4 2014+0.4%
Q3 2014+1.6%
Q2 2014+2.9%
Q1 2014-0.7%
Q4 2013+0.3%
Q3 2013+7.3%
Q2 2013-1.0%
Q1 2013+3.2%
Q4 2012-1.7%
Q3 2012-5.2%
Q2 2012-3.6%
Q1 2012+0.9%
Q4 2011-0.3%
Q3 2011-3.8%
Q2 2011-2.9%
Q1 2010+3.1%
Q1 2011+1.0%
Q4 2010+0.6%
Q3 2010-1.2%
Q3 2009-1.2%
Q2 2009-0.2%
Q2 2010-0.2%
Q4 2008-0.2%
Q4 2009-0.2%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro