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Sensient Technologies ( (SXT) ) just unveiled an announcement.
Sensient Technologies reported significant improvements in their financial performance for the fourth quarter ending December 31, 2024. Revenue increased by 7.8% to $376.4 million, and operating income surged to $42 million from $8.1 million in the previous year, driven by higher sales volumes, particularly in natural colors. Earnings per share rose to 71 cents from a loss of 14 cents in the previous year, highlighting the company’s strong market position and successful execution of its Portfolio Optimization Plan, which reduced costs significantly.
More about Sensient Technologies
Sensient Technologies Corporation is a leading provider of flavors and colors catering to the food, pharmaceutical, and personal care markets.
YTD Price Performance: 8.65%
Average Trading Volume: 186,909
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.26B
See more insights into SXT stock on TipRanks’ Stock Analysis page.
