$SXT

SENSIENT TECHNOLOGIES CORP

CIK:0000310142|SEC Filings

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
CONSOLIDATED STATEMENTS OF EARNINGS [Abstract]
Revenue	$ 462,081	$ 414,230	$ 897,915	$ 806,555
Cost of products sold	289,282	271,398	572,428	531,946
Selling and administrative expenses	96,099	85,126	182,059	163,373
Operating income	76,700	57,706	143,428	111,236
Interest expense	8,174	7,391	16,076	14,732
Earnings before income taxes	68,526	50,315	127,352	96,504
Income taxes	17,167	12,728	31,823	24,455
Net earnings	$ 51,359	$ 37,587	$ 95,529	$ 72,049
Weighted average number of common shares outstanding:
Basic (in shares)	42,350	42,246	42,323	42,221
Diluted (in shares)	42,756	42,575	42,714	42,522
Earnings per common share:
Basic (in dollars per share)	$ 1.21	$ 0.89	$ 2.26	$ 1.71
Diluted (in dollars per share)	1.2	0.88	2.24	1.69
Dividends declared per common share (in dollars per share)	$ 0.41	$ 0.41	$ 0.82	$ 0.82

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net earnings	$ 95,529	$ 72,049
Adjustments to arrive at net cash provided by operating activities:
Depreciation and amortization	31,428	30,334
Share-based compensation expense	9,380	6,639
Net (gain) loss on assets	(149)	76
Portfolio Optimization Plan costs	0	1,274
Deferred income taxes	3,320	2,711
Changes in operating assets and liabilities:
Trade accounts receivable	(72,244)	(30,293)
Inventories	(42,811)	(548)
Prepaid expenses and other assets	(181)	(11,028)
Accounts payable and other accrued expenses	8,131	(17,578)
Accrued salaries, wages, and withholdings from employees	(4,071)	(15,129)
Income taxes	4,425	(937)
Other liabilities	2,090	1,734
Net cash provided by operating activities	34,847	39,304
Cash flows from investing activities:
Acquisition of property, plant, and equipment	(67,513)	(38,035)
Proceeds from sale of assets	2,019	56
Acquisition of new business	0	(4,867)
Other investing activities	(282)	1,354
Net cash used in investing activities	(65,776)	(41,492)
Cash flows from financing activities:
Proceeds from additional borrowings	150,719	106,484
Debt payments	(87,897)	(43,148)
Dividends paid	(34,867)	(34,700)
Other financing activities	(4,411)	(2,648)
Net cash provided by financing activities	23,544	25,988
Effect of exchange rate changes on cash and cash equivalents	1,871	6,260
Net (decrease) increase in cash and cash equivalents	(5,514)	30,060
Cash and cash equivalents at beginning of period	36,533	26,626
Cash and cash equivalents at end of period	$ 31,019	$ 56,686

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and cash equivalents	$ 31,019	$ 36,533
Trade accounts receivable	376,503	305,380
Inventories	719,094	678,220
Prepaid expenses and other current assets	57,041	59,717
Fixed assets held for sale	0	1,598
Total current assets	1,183,657	1,081,448
Other assets	104,745	102,362
Deferred tax assets	63,395	71,204
Intangible assets, net	9,535	10,121
Goodwill	435,064	439,706
Property, Plant, and Equipment:
Land	34,618	34,898
Buildings	368,979	366,797
Machinery and equipment	858,778	858,762
Construction in progress	118,505	78,492
Property, plant, and equipment, gross	1,380,880	1,338,949
Less accumulated depreciation	(806,173)	(799,653)
Property, plant, and equipment, net	574,707	539,296
Total assets	2,371,103	2,244,137
Current Liabilities:
Trade accounts payable	145,300	138,344
Accrued salaries, wages, and withholdings from employees	39,739	43,988
Other accrued expenses	64,906	65,652
Income taxes	19,279	15,247
Short-term borrowings	397	352
Total current liabilities	269,621	263,583
Deferred tax liabilities	13,439	13,651
Other liabilities	39,879	40,112
Accrued employee and retiree benefits	24,737	24,045
Long-term debt	763,499	709,232
Shareholders' Equity:
Common stock	5,396	5,396
Additional paid-in capital	125,863	123,668
Earnings reinvested in the business	1,907,676	1,847,014
Treasury stock, at cost	(607,916)	(612,311)
Accumulated other comprehensive loss	(171,091)	(170,253)
Total shareholders' equity	1,259,928	1,193,514
Total liabilities and shareholders' equity	$ 2,371,103	$ 2,244,137