Strong Financial Performance
Sensient Technologies reported a 14% local currency adjusted EBITDA growth and 21% local currency adjusted EPS growth. Local currency revenue grew in the low single digits.
Color Group Success
The Color Group delivered 6.6% local currency revenue growth and 22.1% local currency operating profit growth, with an EBITDA margin improvement to 25.1%, up 290 basis points from the prior year.
Positive Outlook and Guidance
Sensient raised its guidance for local currency adjusted EBITDA growth to high single digits and expects high single-digit to double-digit local currency adjusted EPS growth for the year.
Investment in Natural Colors
The company plans increased investments in natural colors, with capital expenditures expected to exceed $100 million for the year to support expansion and capture market opportunities.
Asia Pacific Group Growth
The Asia Pacific Group achieved 7.6% local currency revenue growth and 8% local currency operating profit growth, with an EBITDA margin improvement to 22.3%, up 30 basis points.