Home / Knowledge / News / Fashion / Sensient Color reflects strong growth within cosmetic product lines
Sensient Color reflects strong growth within cosmetic product lines
Sep '08
Sensient Technologies Corporation posted record revenue of $332.8 million for its second quarter ended June 30, 2008, up 9.4% from the comparable period in 2007. Second quarter diluted earnings per share rose 17.8% to 53 cents from 45 cents in last year's second quarter.

Revenue for the first six months of this year was $640.2 million, an 8.6% increase from the prior year's comparable period.

Diluted earnings per share for the six months ended June 30, 2008, were up 17.1% to 96 cents compared to 82 cents in last year's first half. Favorable foreign currency translation increased revenues in both the quarter and year-to-date period by approximately 6%.

"We reported record second quarter revenue, operating income and earnings," said Kenneth P. Manning, Chairman and CEO of Sensient Technologies Corporation.

"The Company has achieved ten consecutive quarters of earnings growth and we expect this strong performance to continue in the second half and into next year."

The Flavors & Fragrances Group reported record quarterly revenue and operating income. Second quarter 2008 revenue increased 7.8% to $214.4 million.

Operating income was up 11.9% to $33.9 million compared to the second quarter of 2007. Year-to-date revenue increased 8.0% to $409.6 million and operating income jumped 12.5% to $62.7 million.

Group revenue in the quarter benefited from improved pricing and favorable foreign currency translation. Several key markets, including Europe and Canada, experienced solid growth.

Quarterly profit rose as a result of the higher sales and continued improvements in the profitability of the Group's European operations.

Higher profit from these sources was partially offset by increased raw material and energy costs. Group operating margins in the second quarter improved 50 basis points in comparison to the prior year.

The Color Group's revenue increased 12.0% to a record $107.3 million for the quarter ended June 30, 2008, compared to $95.8 million in last year's second quarter.

Operating income for the quarter was $19.3 million, up 12.4% from $17.2 million reported in the second quarter of 2007. Year-to-date revenue increased 9.4% to $210.1 million and operating income was up 10.3% to $37.8 million.

Quarterly revenue for the Color Group reflects strong growth within the cosmetic, pharmaceutical and technical color product lines and favorable foreign currency translation. Sales of food and beverage colors were also up.

Second quarter operating profit increased on solid volume growth and improved pricing, partially offset by higher raw material costs.

Sensient Technologies Corporation

Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search