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Sensient Technologies (SXT) Q3 FY2023 earnings: revenue $364 million, up 0.8% on the year

Sensient Technologies Corp. (SXT) reported revenue of $364 million for Q3 FY2023, the quarter ended 30 September 2023, up 0.8% on the same quarter a year earlier. Net income was $32 million, down 12.5% on the year, and diluted earnings per share $0.75. The figures are the company's own, from the 10-Q it filed with the SEC on 7 November 2023.

Revenue$364 millionup 0.8%
Net income$32 milliondown 12.5%
Diluted EPS$0.75
QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Revenue364n/an/an/a
Cost of revenue250n/an/an/a
Gross profit114n/an/an/a
Gross margin31.2%n/an/a
Selling, general and administrative69.1n/an/an/a
Operating income44.5n/an/an/a
Operating margin12.2%n/an/a
Interest expense6.3n/an/an/a
Pre-tax income38.2n/an/an/a
Income tax6.7n/an/an/a
Effective tax rate17.5%n/an/a
Net income31.5n/an/an/a
Net margin8.7%n/an/a
Diluted EPS$0.75n/an/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Operating cash flow55.1n/an/an/a
Capital expenditure22.6n/an/an/a
Free cash flow32.5n/an/an/a
Free cash flow margin8.9%n/an/a
Cash from investing-22.5n/an/an/a
Cash from financing-37.0n/an/an/a
Depreciation and amortisation14.8n/an/an/a
Share-based compensation2.5n/an/an/a
Dividends paid17.3n/an/an/a
Dividend per share$0.41n/an/an/a
Diluted shares, weighted42mn/an/an/a
Shares outstanding at period end42mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Shareholders' equity1,058n/an/an/a
Debt649n/an/an/a
Other liabilities304n/an/an/a
Total liabilities and equity2,010n/an/an/a
Fixed assets507n/an/an/a
Goodwill416n/an/an/a
Intangible assets17.4n/an/an/a
Cash and equivalents32.0n/an/an/a
Receivables285n/an/an/a
Inventory587n/an/an/a
Other assets167n/an/an/a
Total assets2,010n/an/an/a

Questions

What was Sensient Technologies' revenue in Q3 FY2023?

Sensient Technologies (SXT) reported revenue of $364 million for Q3 FY2023, the quarter ended 30 September 2023, up 0.8% on the same quarter a year earlier.

How much did Sensient Technologies earn in Q3 FY2023?

Net income for Q3 FY2023 was $32 million, down 12.5% on the year, and diluted earnings per share $0.75.

When did Sensient Technologies report Q3 FY2023 results?

Sensient Technologies filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 7 November 2023.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue364349385404393376392414412393436462
Cost of revenue250249258273262257261271271270283289
Gross profit11499.8127131130119132143141123153173
Gross margin31%29%33%32%33%32%34%34%34%31%35%37%
SG&A69.191.877.181.179.977.478.285.183.685.286.096.1
Operating income44.58.149.449.750.542.053.557.757.738.266.776.7
Operating margin12%2%13%12%13%11%14%14%14%10%15%17%
Interest expense6.36.57.07.77.76.47.37.47.37.57.98.2
Pre-tax income38.21.542.442.042.835.646.250.350.430.758.868.5
Tax rate18%479%27%26%24%15%25%25%27%17%25%25%
Net income31.5-5.830.930.932.730.134.537.637.025.544.251.4
Net margin9%-2%8%8%8%8%9%9%9%6%10%11%
Diluted EPS$0.75-$0.14$0.73$0.73$0.77$0.71$0.81$0.88$0.87$0.60$1.04$1.20
Operating cash flow55.162.915.143.876.821.4-9.048.344.044.6-13.648.5
Capital expenditure22.620.111.011.813.223.116.921.219.831.628.738.8
Free cash flow32.542.74.132.063.6-1.7-25.827.124.212.9-42.49.7
Dividends paid17.317.317.317.417.317.417.417.317.517.417.417.4
Shares outstanding42m42m42m42m42m42m42m42m42m43m43m43m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 7 November 2023, accession 0001140361-23-051828: the filing on EDGAR. All of Sensient Technologies Corp.'s filings: EDGAR company page.

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