An announcement from Sensient Technologies ( (SXT) ) is now available.
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Sensient Technologies Corporation reported a robust third quarter for 2024, with revenue surging 7.9% to $392.6 million, driven by growth in its Flavors & Extracts and Color segments. Operating income also saw a notable increase of 13.4% to $50.5 million, despite incurring costs related to its Portfolio Optimization Plan. The company remains optimistic about achieving its 2024 guidance, with high single-digit growth anticipated in local currency revenue and adjusted EBITDA.
For a thorough assessment of SXT stock, go to TipRanks’ Stock Analysis page.
