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Sensient Technologies Reports Record Earnings for 1Q 2009

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Sensient Technologies Corporation reported that diluted earnings per share for the three months ended March 31, 2009, reached 45 cents, a record level for the company’s first quarter. Diluted earnings per share for the prior year’s comparable period were 43 cents. Consolidated revenue for the first quarter of 2009 was $282.8 million compared to $307.4 million in the first quarter of 2008.
    
“We have delivered our 13th consecutive quarter of increased earnings, despite a challenging economic environment,” said Kenneth P. Manning, chairman and CEO of Sensient Technologies. “Our Flavors & Fragrances business delivered solid local currency growth this quarter across all major markets.”

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