In This Article:
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Fourth Quarter Revenue: $376.4 million, up from $349.3 million in the previous year.
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Fourth Quarter Operating Income: $42 million, compared to $8.1 million in the prior year.
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Adjusted Operating Income: $42.9 million in Q4 2024, a 20.8% increase in local currency.
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Local Currency Revenue Growth: 8.9% in Q4 2024.
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Local Currency Adjusted EBITDA Growth: 18.8% in Q4 2024.
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Local Currency Adjusted EPS Growth: 29.4% in Q4 2024.
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Full Year Revenue Growth: 7.4% in local currency for 2024.
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Full Year Adjusted EBITDA Growth: 8.3% in local currency for 2024.
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Color Group Revenue Growth: 14% in Q4 2024, 7.3% for the full year.
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Color Group Operating Profit Growth: 27.4% in Q4 2024, 14.2% for the full year.
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Color Group Adjusted EBITDA Margin: 22.1% for the full year, up 110 basis points.
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Flavors and Extracts Revenue Growth: 3.4% in Q4 2024, 7.1% for the full year.
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Flavors and Extracts Operating Profit Growth: 18.4% in Q4 2024, 10.8% for the full year.
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Flavors and Extracts Adjusted EBITDA Margin: 16.1% for the full year, up 30 basis points.
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Asia Pacific Group Revenue Growth: 25.2% in Q4 2024, 13% for the full year.
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Asia Pacific Group Operating Profit Growth: 41.7% in Q4 2024, 14.1% for the full year.
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Asia Pacific Group Adjusted EBITDA Margin: 22.7% for the full year.
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Free Cash Flow: $98 million in 2024, up 19.7% from 2023.
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Total Debt: $633 million as of December 31, 2024.
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Net Debt to Credit Adjusted EBITDA: 2.3 times as of December 31, 2024.
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Capital Expenditures: $59 million in 2024, expected to be $70 million to $80 million in 2025.
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2025 Revenue Guidance: Mid-single digit local currency growth expected.
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2025 Adjusted EBITDA Guidance: Mid to high-single digit local currency growth expected.
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2025 Adjusted EPS Guidance: High single digit to double digit local currency growth expected.
Release Date: February 14, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Sensient Technologies Corp (NYSE:SXT) reported strong fourth quarter results with 8.9% local currency revenue growth and 18.8% local currency adjusted EBITDA growth.
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The Color group achieved 14% local currency revenue growth and 27.4% local currency operating profit growth in Q4 2024.
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The Asia Pacific Group delivered exceptional performance with 25.2% local currency revenue growth and 41.7% local currency operating profit growth in Q4 2024.
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The company successfully reduced its leverage ratio to 2.3 at the end of 2024 from 2.6 at the end of 2023.
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Sensient Technologies Corp (NYSE:SXT) anticipates continued growth opportunities in natural colors, driven by increasing consumer demand and regulatory shifts.