By Paulo Trevisani
Sensient Technologies Corp. said Friday it expects foreign currency headwinds of approximately 20 cents to impact 2022 earn
By Paulo Trevisani
Sensient Technologies Corp. said Friday it expects foreign currency headwinds of approximately 20 cents to impact 2022 earnings per share reported on a U.S. dollar basis.
The company reconfirmed expectations for 2022 full-year EPS to grow “at a high-teen growth rate” from 2021, and revenue to grow at a high single-digit rate in local currency.
The Milwaukee-based maker of colors, flavors and fragrances said FX translations decreased revenue by approximately 4% and EPS by 6% in the third quarter.
Sensient reported $361.1 million in revenue for the period, up from $344.3 million a year earlier. Diluted EPS was 85 cents, up from 80 cents in the third quarter of 2021, the company said.
Write to Paulo Trevisani at [email protected]
(END) Dow Jones Newswires
10-21-22 1224ET
news.google.com
Sensient Foresees FX Headwinds Hitting 2022 Earnings — Currency Comment
By Paulo Trevisani Sensient Technologies Corp. said Friday it expects foreign currency headwinds of approximately 20 cents to impact 2022 earn
By Paulo Trevisani
Sensient Technologies Corp. said Friday it expects foreign currency headwinds of approximately 20 cents to impact 2022 earnings per share reported on a U.S. dollar basis.
The company reconfirmed expectations for 2022 full-year EPS to grow “at a high-teen growth rate” from 2021, and revenue to grow at a high single-digit rate in local currency.
The Milwaukee-based maker of colors, flavors and fragrances said FX translations decreased revenue by approximately 4% and EPS by 6% in the third quarter.
Sensient reported $361.1 million in revenue for the period, up from $344.3 million a year earlier. Diluted EPS was 85 cents, up from 80 cents in the third quarter of 2021, the company said.
Write to Paulo Trevisani at [email protected]
(END) Dow Jones Newswires
10-21-22 1224ET
news.google.com
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