NYSE$SXT

Sensient Technologies Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Sensient reported a revenue increase of 1.7% and EPS of $0.65 for Q4 2021.

Sensient Technologies Corporation reported a 1.7% increase in consolidated revenue, reaching $340.4 million for Q4 2021. The company's operating income increased by 16.1% to $40.4 million, and diluted earnings per share rose to $0.65, compared to $0.59 in the same quarter of the previous year. Flavors & Extracts revenue decreased due to divestiture, while Color and Asia Pacific groups reported double-digit revenue growth.

  • Consolidated revenue increased by 1.7% to $340.4 million.
  • Operating income rose by 16.1% to $40.4 million.
  • Diluted earnings per share increased to $0.65 from $0.59.
  • Color and Asia Pacific groups experienced double-digit revenue and profit growth.

Headline financials

Total Revenue

$340M

Previous: $335M+1.7%
EPS (adj)

$0.73

Previous: $0.61+19.7%
Total Revenue Change

1.7%

Previous: 5.0%-66.0%
Flavors & Extracts Revenue Change

-6.1%

Previous: 11.8%-151.7%
Color Revenue Change

14.4%

Previous: -4.4%+427.3%
Asia Pacific Revenue Change

11.1%

Previous: 5.1%+117.6%
Capital Expenditures

$23.2M

Previous: $18.2M+27.7%
Free Cash Flow

$5.89M

Previous: $57.7M-89.8%
Net Income

$27.2M

Previous: $25.2M+8.2%
Operating Income

$40.4M

Previous: $34.8M+16.1%
Gross Profit

$112M

Previous: $104M+8.1%
Cash & Equivalents

$25.7M

Previous: $24.8M+3.9%
Total Assets

$1.75B

Previous: $1.74B+0.3%
Stock-Based Comp

$3.14M

Previous: $1.59M+97.5%

Revenue & EPS history

Sensient · Revenue · Quarterly

$340M

Q4 2021+1.7%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Sensient · $350M total across 3 segments · Q4 2021

  • Flavors & Extracts
    $177M-6.1%
  • Color
    $137M+14.4%
  • Asia Pacific
    $35.7M+11.1%

Forward guidance

Sensient expects 2022 full year GAAP diluted earnings per share to grow at a mid-teen growth rate compared to the Company’s 2021 reported GAAP diluted earnings per share of $2.81. The Company expects 2022 local currency revenue to grow at a mid-single-digit rate compared to the Company’s 2021 adjusted revenue. The Company expects 2022 local currency adjusted EBITDA and local currency diluted earnings per share to grow at a high single-digit rate compared to the Company’s 2021 adjusted EBITDA and the Company’s 2021 adjusted diluted earnings per share of $3.13, respectively.

Tailwinds

  • 2022 full year GAAP diluted earnings per share to grow at a mid-teen growth rate compared to the Company’s 2021 reported GAAP diluted earnings per share of $2.81.
  • 2022 local currency revenue to grow at a mid-single-digit rate compared to the Company’s 2021 adjusted revenue
  • 2022 local currency adjusted EBITDA to grow at a high single-digit rate compared to the Company’s 2021 adjusted EBITDA
  • 2022 local currency diluted earnings per share to grow at a high single-digit rate compared to the Company’s 2021 adjusted diluted earnings per share of $3.13
  • Company’s guidance is based upon current trends, current tax law, and the effects of COVID-19 to date.

Headwinds

  • Full year 2022 guidance does not include any material divestiture related costs, operational improvement plan costs, or results of divested businesses.
  • Company expects earnings per share reported on a U.S. dollar basis to be impacted by approximately ten cents of foreign currency headwinds based on current exchange rates.
  • The full impacts of the ongoing COVID-19 pandemic remain uncertain
  • Management will continue to monitor its impacts on our business.
  • Uncertainty related to governmental regulations and restrictions, and general economic conditions, including inflation

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 Q4 2021

Historical avgQ4 2021

-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%

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