07.14.06
Sensient Technologies Corporation reported revenue of $282.2 million for its second quarter ended June 30, 2006, up 7.0% from the comparable quarter in 2005. Revenue for the first six months of this year was $545.1 million, a 5.9% increase from the prior year's comparable period.
"All our groups show revenue growth and higher operating profits," said Kenneth P. Manning, chairman, president and CEO of Sensient Technologies. "The Flavors & Fragrances Group performed particularly well, reporting record quarterly revenues and operating income. We expect the company's strong performance to continue in the second half and into next year."
The Flavors & Fragrances Group reported that its revenue increased 9.2% to $188.3 million for the 2006 second quarter. Operating income was up 19.0% to $27.1 million compared to the second quarter of 2005. Year-to-date revenue increased 8.4% to $358.8 million and operating income was up 15.4% to $50.0 million.
The Color Group's second quarter revenue increased 1.6% to $90.5 million for the quarter ended June 30, 2006, compared to $89.1 million in last year's second quarter. Operating income for the quarter equaled $15.8 million, up 7.8% from $14.7 million reported in the second quarter of 2005. For the past six months, revenue and operating income were $179.7 million and $31.7 million, respectively.
In addition, the board of directors declared a regular quarterly cash dividend on its common stock of $0.15 per share. The cash dividend will be paid on Sept. 1, 2006, to shareholders of record on August 9, 2006.
"All our groups show revenue growth and higher operating profits," said Kenneth P. Manning, chairman, president and CEO of Sensient Technologies. "The Flavors & Fragrances Group performed particularly well, reporting record quarterly revenues and operating income. We expect the company's strong performance to continue in the second half and into next year."
The Flavors & Fragrances Group reported that its revenue increased 9.2% to $188.3 million for the 2006 second quarter. Operating income was up 19.0% to $27.1 million compared to the second quarter of 2005. Year-to-date revenue increased 8.4% to $358.8 million and operating income was up 15.4% to $50.0 million.
The Color Group's second quarter revenue increased 1.6% to $90.5 million for the quarter ended June 30, 2006, compared to $89.1 million in last year's second quarter. Operating income for the quarter equaled $15.8 million, up 7.8% from $14.7 million reported in the second quarter of 2005. For the past six months, revenue and operating income were $179.7 million and $31.7 million, respectively.
In addition, the board of directors declared a regular quarterly cash dividend on its common stock of $0.15 per share. The cash dividend will be paid on Sept. 1, 2006, to shareholders of record on August 9, 2006.