Sensient Foresees FX Headwinds Hitting 2022 Earnings -- Currency Comment
21 Outubro 2022 - 1:39PM
Dow Jones News
By Paulo Trevisani
Sensient Technologies Corp. said Friday it expects foreign
currency headwinds of approximately 20 cents to impact 2022
earnings per share reported on a U.S. dollar basis.
The company reconfirmed expectations for 2022 full-year EPS to
grow "at a high-teen growth rate" from 2021, and revenue to grow at
a high single-digit rate in local currency.
The Milwaukee-based maker of colors, flavors and fragrances said
FX translations decreased revenue by approximately 4% and EPS by 6%
in the third quarter.
Sensient reported $361.1 million in revenue for the period, up
from $344.3 million a year earlier. Diluted EPS was 85 cents, up
from 80 cents in the third quarter of 2021, the company said.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
October 21, 2022 12:24 ET (16:24 GMT)
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