Sensient Technologies Issues FY19 Outlook - Quick Facts

(RTTNews) - Sensient Technologies Corp. (SXT) announced, for 2019, the company expects local currency earnings per share to be down 8% to 11% in comparison to 2018 reported earnings per share of $3.70 and down 4% to 7% in comparison to 2018 adjusted EPS of $3.55. In addition, the company expects earnings per share reported on a U.S. dollar basis to be impacted by currency headwinds of approximately five cents, or 1% to 2%, based on current exchange rates.

For 2019, the company expects consolidated adjusted EBITDA to grow at a mid-single digit rate in 2019 on a local currency basis. Sensient expects low to mid-single digit local currency consolidated revenue growth, for the period.

For the fourth-quarter, Sensient Technologies reported adjusted earnings per share were $0.79, compared to $0.84 in the comparable period last year. Revenue was $324.6 million compared to $328.9 million, prior year.