Sensient Technologies Reports Q3 Growth and Outlines Long-Term Capex and Natural Color Targets
Sensient Technologies Corporation (SXT) reported strong third-quarter performance, highlighted by 10% revenue growth, 15% adjusted EBITDA growth, and 18% adjusted EPS growth on a local currency basis. CEO Paul Manning noted that these results demonstrate the company's continued momentum in its core segments. Looking ahead, the company has outlined significant strategic investments and long-term goals. Sensient expects capital expenditures to reach $160 million by 2026 as it scales operations. Furthermore, management is targeting a $1 billion annual run rate for its natural color conversion business by the end of 2028.
Tickers: $SXT
Topics: earnings report EBITDA growth EPS growth revenue growth