- Sensient Technologies press release ( NYSE: SXT ): Q4 Non-GAAP EPS of $0.64 misses by $0.06 .
- Revenue of $348.7M (+2.4% Y/Y) misses by $3.72M .
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Outlook: Sensient expects 2023 full year GAAP diluted earnings per share to be flat to low-single digit growth compared to our 2022 reported GAAP diluted earnings per share of $3.34. The Company expects 2023 revenue to grow at a mid-single digit rate on a local currency basis compared to the Company’s 2022 revenue. The Company expects 2023 diluted earnings per share to be flat to low-single digit growth on a local currency basis compared to the Company’s 2022 adjusted diluted earnings per share of $3.29. The Company expects 2023 adjusted EBITDA to grow at a mid-to-high single digit rate on a local currency basis compared to the Company’s 2022 adjusted EBITDA. The Company expects its 2023 diluted earnings per share to be impacted by higher interest rates and a higher tax rate. The Company currently expects interest expense to increase by approximately $11 million ($0.20 per diluted share) in 2023 compared to the Company’s 2022 full year interest expense of $14.5 million. The Company also expects its full year 2023 tax rate to be approximately 25%.
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Sensient Technologies Non-GAAP EPS of $0.64 misses by $0.06, revenue of $348.7M misses by $3.72M, initiates FY23 outlook