Sensient Technologies’ earnings decrease during 3Q

Freeman Staff

Oct. 20, 2017

MILWAUKEE — The third quarter ended on a sour note for Sensient Technologies Corporation, which saw a decline in earnings per share from continuing operations.

According to the Thursday report, earnings per share from continuing operations were 73 cents in the third quarter of 2017 compared to 79 cents in last year’s third quarter. Revenue was $353.5 million in this year’s third quarter compared to $349.7 million in the comparable period last year. Operating income was $52 million in the third quarter of 2017 and $51.2 million in last year’s third quarter. Foreign currency translation increased revenue by approximately 2 percent, and operating income and earnings per share by approximately 1 percent, each in the third quarter, according to the report.