SXT FY 2023 Earnings Report — Sensient Technologies Corporation Revenue & Financial Results | Market Cap Arena

Sensient Technologies CorporationSXT

FY 2023 Earnings

Reported February 22, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.4B	—	1.4%
Op. Income	$155M	—	$197M	—	-21.2%
Gross Margin	31.6%	—	34.0%	—	-2.4pp
Net Margin	6.4%	—	9.8%	—	-3.4pp
EPS (Diluted)	$2.21	—	$3.34	—	-33.8%
Free Cash Flow	$82M	—	-$67M	—	221.7%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$996M
GROSS PROFIT	$460M
R&D Expenses	$48M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$257M
Other Expenses	$0
Operating Expenses	$305M
Cost & Expenses	$1.3B
OPERATING INCOME	$155M
Interest Income	$0
Interest Expense	$25M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$130M
Income Tax Expense	$36M
Net Income from Continuing Ops	$93M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$93M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$93M
D&A	$58M
EBIT	$155M
EBITDA	$213M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$996M
GROSS PROFIT	$460M
R&D Expenses	$48M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$257M
Other Expenses	$0
Operating Expenses	$305M
Cost & Expenses	$1.3B
OPERATING INCOME	$155M
Interest Income	$0
Interest Expense	$25M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$130M
Income Tax Expense	$36M
Net Income from Continuing Ops	$93M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$93M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$93M
D&A	$58M
EBIT	$155M
EBITDA	$213M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$93M
Depreciation & Amortization	$58M
Stock-Based Compensation	$9M
Deferred Income Tax	-$5M
Other Non-Cash Items	$25M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$170M
Capital Expenditure	-$88M
Acquisitions (Net)	-$1M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$88M
Net Debt Issuance	-$3M
Common Stock Repurchased	$0
Common Dividends Paid	-$69M
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$82M
FREE CASH FLOW	$82M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$0
Net Receivables	$272M
Inventory	$598M
Other Current Assets	$37M
TOTAL CURRENT ASSETS	$937M
PP&E (Net)	$505M
Goodwill	$424M
Intangible Assets	$12M
Long-Term Investments	$0
Tax Assets	$42M
Other Non-Current Assets	$95M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$2.0B
Account Payables	$131M
Short-Term Debt	$13M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$236M
Long-Term Debt	$645M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$66M
TOTAL NON-CURRENT LIABILITIES	$725M
TOTAL LIABILITIES	$961M
Common Stock	$5M
Additional Paid-In Capital	$116M
Retained Earnings	$1.7B
Treasury Stock	-$623M
Accum. Other Comp. Income	-$172M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$659M
Net Debt	$630M