logo
Plus   Neg
Share
Email

Sensient Technologies Issues FY19 Outlook - Quick Facts

Sensient Technologies Corp. (SXT) announced, for 2019, the company expects local currency earnings per share to be down 8% to 11% in comparison to 2018 reported earnings per share of $3.70 and down 4% to 7% in comparison to 2018 adjusted EPS of $3.55. In addition, the company expects earnings per share reported on a U.S. dollar basis to be impacted by currency headwinds of approximately five cents, or 1% to 2%, based on current exchange rates.

For 2019, the company expects consolidated adjusted EBITDA to grow at a mid-single digit rate in 2019 on a local currency basis. Sensient expects low to mid-single digit local currency consolidated revenue growth, for the period.

For the fourth-quarter, Sensient Technologies reported adjusted earnings per share were $0.79, compared to $0.84 in the comparable period last year. Revenue was $324.6 million compared to $328.9 million, prior year.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
MillerCoors LLC has filed a lawsuit against Anheuser-Busch Companies LLC, part of Anheuser-Busch InBev, alleging that Anheuser-Busch's ad campaigns associating MillerCoors' products, Miller Lite and Coor Light, with corn syrup is "false and misleading." During the Super Bowl, ABInBev ran an advertising campaign that mocked Miller Lite and Coors Light use corn syrup in brewing. Shares of Biogen Inc. are falling almost 28 percent in Thursday's trading after the company and Japanese drugmaker Eisai Co. said they will discontinue two late-stage trials for their experimental Alzheimer's drug, Aducanumab. The two Phase 3 trials, ENGAGE and EMERGE, are multi-center, randomized, double-blind, placebo-controlled, parallel-group studies designed to evaluate Aducanumab. The European Union on Wednesday ordered Alphabet Inc.'s Google to pay an antitrust fine of 1.49 billion euros for abusing its dominant position in the online search advertising intermediation market by preventing competition. This is the third antitrust fine by the EU against Google and it represents 1.29 percent of the tech giant's turnover in 2018.
Follow RTT