Sensient Q2 Results Down; Revises FY20 EPS Outlook - Quick Facts

(RTTNews) - Sensient Technologies Corp. (SXT) reported a decline in Q2 profit, reflecting lower revenues. Further, the company revised its GAAP earnings forecast and reconfirmed adjusted earnings outlook for fiscal 2020.

The company's Q2 net income was $30.6 million or $0.72 per share versus $34.3 million or $0.81 per share a year ago.

Revenue was $323.1 million in this year's second quarter compared to $339.2 million in the comparable period last year.

Looking ahead, the company now expects fiscal 2020 earnings in the range of $2.10 - $2.35, compared to the previously communicated range of $1.85 - $2.15 per share. Meanwhile, the company reconfirms its previously issued guidance of $2.60 - $2.80 for adjusted earnings per share.

Analysts polled by Thomson Reuters expect earnings of $2.48 per share for fiscal 2020. Analysts' estimate typically exclude certain special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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