2023-07-21 06:59:07 ET
- Sensient Technologies press release ( NYSE: SXT ): Q2 GAAP EPS of $0.81 misses by $0.07 .
- Revenue of $374.3M (+0.7% Y/Y) misses by $8.32M .
- Outlook: "Sensient now expects 2023 full year GAAP diluted earnings per share to be down high single digits compared to our 2022 reported GAAP diluted earnings per share of $3.34 and also on a local currency basis compared to our 2022 adjusted diluted earnings per share of $3.29.
- The Company’s previous 2023 full year GAAP diluted earnings per share guidance was for a flat to low single-digit growth rate vs. $3.38 consensus and compared to our 2022 reported GAAP diluted earnings per share and on a local currency basis compared to our 2022 adjusted diluted earnings per share.
- The Company continues to expect 2023 revenue to grow at a mid-single-digit rate on a local currency basis compared to the Company’s 2022 revenue.
- The Company now expects 2023 adjusted EBITDA to be down mid-single digits on a local currency basis compared to the Company’s 2022 adjusted EBITDA. The Company’s previous 2023 adjusted EBITDA guidance was to grow at a mid-to high single-digit rate on a local currency basis compared to the Company’s 2022 adjusted EBITDA."
For further details see:
Sensient Technologies misses Q2 top and bottom line consensus; updates FY23 outlook