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
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
RELATED NEWS
Follow RTT