NYSE$SXT
Sensient Technologies Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Sensient reported double-digit growth in reported and adjusted revenue, operating at or above its 2022 guidance.
Sensient Technologies Corporation reported a consolidated revenue of $371.7 million in the second quarter of 2022, compared to $335.8 million in the second quarter of 2021. The reported operating income was $55.2 million, and the reported diluted earnings per share was 92 cents.
- Consolidated revenue increased to $371.7 million compared to $335.8 million in the prior year.
- Operating income increased to $55.2 million compared to $35.8 million in the prior year.
- Diluted earnings per share increased to 92 cents compared to 61 cents in the prior year.
- The company is reconfirming its expectation for 2022 full year GAAP diluted earnings per share to grow at a high-teen growth rate compared to the Company’s 2021 reported GAAP diluted earnings per share of $2.81.
Headline financials
Revenue & EPS history
Sensient · Revenue · Quarterly
$372M
Revenue by segment
Sensient · $383M total across 3 segments · Q2 2022
- Flavors & Extracts$189M+5.5%49.4%
- Color$156M+17.3%40.8%
- Asia Pacific$37.3M+15.5%9.7%
Forward guidance
Sensient is reconfirming its expectation for 2022 full year GAAP diluted earnings per share to grow at a high-teen growth rate compared to the Company’s 2021 reported GAAP diluted earnings per share of $2.81.
Tailwinds
- The Company now expects 2022 revenue to grow at a high single digit rate in local currency compared to the Company’s 2021 adjusted revenue
- The Company is reconfirming its expectation for 2022 adjusted EBITDA and diluted earnings per share to grow at a high single- to double-digit rate in local currency compared to the Company’s 2021 adjusted EBITDA and the Company’s 2021 adjusted diluted earnings per share of $3.13.
- Segment operating income as a percent of revenue in the second quarter of 2022 rose to 15.9% for Flavors & Extracts Group.
- Segment operating income as a percent of revenue in the second quarter of 2022 was 20.0% for the Color Group.
- Segment operating income as a percent of revenue in the second quarter of 2022 rose to 20.7% for the Asia Pacific Group.
Headwinds
- Foreign currency translation decreased revenue by approximately 3% and earnings per share by approximately 5% in the present quarter.
- The Company now expects full year 2022 earnings per share reported on a U.S. dollar basis to be impacted by approximately twenty-three cents of foreign currency headwinds based on current exchange rates.
- Lower volumes in Natural Ingredients were primarily a result of a limited supply of onion combined with strong 2021 demand.
- Foreign currency translation decreased segment revenue by approximately 3% and segment operating income by approximately 1% in the quarter for Flavors & Extracts Group.
- Foreign currency translation decreased segment revenue by 4% and segment operating income by approximately 5% in the quarter for the Color Group.
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 Q2 2022
-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
| Quarter | Report date | Reaction (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% | — | — |
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