Sensient Technologies Corp. (SXT) announced that it intends to settle legal claims related to the General Color Company Superfund Site in Camden, New Jersey. These proposed settlements remain subject to the negotiation of final terms and conditions. When completed, parts of the final settlement will be included in a proposed Consent Decree that will be submitted to the U.S. District Court in New Jersey.
As a result of the proposed settlements, Sensient expects that its results for the fourth quarter of 2009 will include pre-tax charges for estimated settlement liabilities and related legal costs, net of insurance reimbursements, of between $10 million and $12 million.
Excluding the expenses Sensient expects that its 2009 earnings per share will be at or slightly above the top end of its previously provided forecast range of $1.85 to $1.90. For 2010, Sensient continues to expect earnings per share to be within a range of $1.98 to $2.05.
Analysts polled by Thomson Reuters expect the company to report earnings of $2.06 per share for fiscal 2010. Analysts' estimates typically exclude special items.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.