Sensient Technologies Corporation reported record quarterly revenue of $304.3 million for its second quarter ended June 30, 2007, up 7.8 percent from the comparable quarter in 2006. Revenue for the first six months of this year was $589.6 million, an 8.2 percent increase from the prior year's comparable period.
Cash provided by operating activities rose sharply in the quarter, to a record level of $43.7 million. Total debt was reduced by $30.5 million in the quarter as a result of the strong cash flow.
"We reported record revenue and operating income in our second quarter," said Kenneth P. Manning, chairman, president and CEO of Sensient Technologies Corporation. "The company has achieved six consecutive quarters of earnings growth and we expect this strong performance to continue into 2008."
Sensient Technologies Reports Earnings for the Quarter Ended June 30, 2007
Published July 16, 2007
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