Sensient Technologies Corp. said its net income dropped 10
percent in the second quarter.
The Milwaukee-based company said net income was $29.1 million,
or 59 cents a share, compared to $32.3 million, or 65 cents, a
year earlier. According to the company, it earned 81 cents a
share in the second quarter, up 9.5 percent from 74 cents a year
“I am very pleased with the strong results reported by the
Company and each of the operating groups in the second quarter,”
said Paul Manning, president and CEO of Sensient Technologies.
“Each of the Groups reported local currency operating profit
growth of over five percent and significant margin improvement.
We continue to see progress in the Flavors & Fragrances Group
and we are optimistic about future opportunities across all of
According to the maker of food flavorings and colors, revenue
decline 1.1 percent to $374.7 million from $378.8 million a year