Sensient Technologies Corporation, a leading provider of flavors and colors for the food, pharmaceutical, and personal care markets, has reported its financial results for the first quarter ended March 31, 2025.
In the first quarter of 2025, the company's reported revenue increased by 2.0% to $392.3 million compared to the first quarter of 2024. On a local currency basis, revenue increased by 4.1%.
Reported operating income increased by 8.3% to $53.5 million compared to the first quarter of 2024. The company recorded $2.9 million of costs related to its portfolio optimization plan in the first quarter of 2025, slightly higher than the $2.8 million recorded in the first quarter of the previous year. However, local currency adjusted operating income and local currency adjusted EBITDA increased by 10.3% and 10.1%, respectively, in the first quarter of 2025.
Reported earnings per share increased by 11.0% to 81 cents in the first quarter of 2025 compared to 73 cents in the first quarter of 2024. Local currency adjusted diluted EPS increased by 11.4% in the first quarter.
The Flavors & Extracts group reported first quarter 2025 revenue of $193.7 million, which increased by $0.6 million compared to the previous year's first quarter. The Color group reported revenue of $167.8 million, showing an increase of $7.7 million, and the Asia Pacific group reported revenue of $41.9 million, an increase of $1.6 million compared to the previous year's first quarter.
Looking ahead, Sensient Technologies Corporation reaffirmed its 2025 guidance, expecting mid-single-digit growth in local currency revenue, mid-single-digit to high single-digit growth in local currency adjusted EBITDA, and high single-digit to double-digit growth in local currency adjusted diluted EPS.
The market has reacted to these announcements by moving the company's shares 6.4% to a price of $85.24. For the full picture, make sure to review Sensient Technologies's 8-K report.
