Sensient Technologies Corporation Reports Results for the Quarter Ended March 31, 2026

Published: 2026-04-27 07:05:33 ET SXT

Published on 04/27/2026 at 07:05 am EDT

MILWAUKEE - Sensient Technologies Corporation (NYSE: SXT), a leading provider of flavors and colors for the food, pharmaceutical, and personal care markets, reported financial results for the first quarter ended March 31, 2026.

First Quarter Consolidated Results

Reported revenue increased 11.1% to $435.8 million in the first quarter of 2026 versus last year's first quarter results of $392.3 million. On a local currency basis (1), revenue increased 7.2%.

Reported operating income increased 24.7% to $66.7 million compared to $53.5 million recorded in last year's first quarter. In the first quarter of 2025, the Company recorded $2.9 million of costs related to its Portfolio Optimization Plan versus no costs recorded in the first quarter of 2026. Local currency adjusted operating income (1) and local currency adjusted EBITDA (1) were up 12.2% and 10.4%, respectively, in the first quarter.

Reported earnings per share increased 28.4% to $1.04 in the first quarter of 2026 compared to 81 cents in the first quarter of 2025. Local currency adjusted diluted EPS (1) increased 14.0% in the first quarter.

'Sensient delivered strong results to start off the year. We executed on our strategy and continue to strengthen our position for the opportunities ahead, particularly in the area of natural colors. I remain very confident about our performance and am pleased to increase our guidance for 2026,' said Paul Manning, Sensient's Chairman, President, and Chief Executive Officer.

First Quarter Group Results

The Flavors & Extracts Group reported first quarter 2026 revenue of $201.8 million, an increase of $8.1 million versus the prior year's first quarter. The Group's revenue increase was driven primarily by higher prices and volume growth. Segment operating income was $26.8 million in the first quarter of 2026, an increase of $1.8 million compared to the prior year's first quarter.

The Color Group reported revenue of $198.2 million in the first quarter of 2026, an increase of $30.4 million compared to the prior year's first quarter. The Group's revenue increase was driven by strong volume growth and higher prices across the Group. Segment operating income was $42.1 million in the first quarter of 2026, an increase of $7.2 million compared to the prior year's first quarter results.

The Asia Pacific Group reported revenue of $45.3 million in the first quarter of 2026, an increase of $3.4 million compared to the prior year's first quarter. The Group's revenue increase was driven by strong volume growth and higher prices across the Group. Segment operating income was $11.2 million in the quarter, an increase of $1.7 million compared to the prior year's first quarter.

Corporate & Other reported operating expenses were $13.3 million in the first quarter of 2026, compared to $15.8 million of operating expenses reported in the prior year's first quarter. The lower operating expenses were primarily due to Portfolio Optimization Plan costs in the prior year's first quarter. Local currency adjusted operating expenses(1) for Corporate & Other increased $0.4 million compared to the prior year's first quarter.

USE OF NON-GAAP FINANCIAL MEASURES

The Company's non-GAAP financial measures eliminate the impact of certain items, which, depending on the measure, include: currency movements, depreciation and amortization, Portfolio Optimization Plan costs, and non-cash share-based compensation. These measures are provided to enhance the overall understanding of the Company's performance when viewed together with the GAAP results.

ABOUT SENSIENT TECHNOLOGIES

Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors, and other specialty ingredients. Sensient uses advanced technologies and robust global supply chain capabilities to develop specialized solutions for food and beverages, as well as products that serve the pharmaceutical, nutraceutical, and personal care industries. Sensient's customers range in size from small entrepreneurial businesses to major international manufacturers representing some of the world's best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.

Contact:

David Plautz

Tel: (414) 347-3706

Email: [email protected]

Web: www.sensient.com