logo
Plus   Neg
Share
Email

Sensient Technologies Reconfirms FY20 Guidance - Quick Facts

While reporting financial results for the first quarter on Wednesday, Sensient Technologies Corp. (SXT), a maker of colors, flavors and fragrances, reconfirmed its guidance for earnings and revenue growth for the full year 2020, based upon current trends.

For fiscal 2020, the company continues to project earnings in a range of $1.85 to $2.15 per share and adjusted earnings in a range of $2.60 to $2.80 per share, which excludes divestiture & other related costs and the results of the operations to be divested as well as foreign currency headwinds.

The company also still expects low to mid-single digit revenue growth in 2020 on a local currency basis, excluding the revenues of the product lines to be divested.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.40 per share on a revenue decline of 7.9 percent to $1.22 billion for the year. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
American Airlines has extended its offer to waive change fees for customers who purchase tickets for travel, until March 31 in response to lower travel demand due to the coronavirus pandemic. This means that travelers are provided additional flexibility by not asking them to pay penalties for changing the origin and destination cities. Lancaster Foods LLC has recalled certain conventional processed butternut squash items citing the potential to be contaminated with Listeria Monocytogenes, the U.S. Food and Drug Administration said. The products recalled included Autumn Medley, Butternut Squash Noodles, Butternut Squash Planks, Squash Noodle Medley, Butternut Squash Chunks, and Veggie Rice Blend in various measures. Amazon.com Inc. has offered to help the newly sworn-in US President Joe Biden with speedy delivery of Covid-19 vaccines across the United States amid the ongoing pandemic crisis. The e-commerce giant, whose majority of workers are in the frontline of the pandemic, reiterated its request to prioritize its essential workers to receive the vaccines at the earliest appropriate time.
Follow RTT