08.11.06
Sensient Technologies Corporation reported revenue of $282.2 million for its second quarter ended June 30, 2006, up 7.0 percent from the comparable quarter in 2005. Revenue for the first six months of this year was $545.1 million, a 5.9 percent 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. “We expect the company’s strong performance to continue in the second half and into next year.”
The second quarter revenue for the Color Group, including inkjet inks, increased 1.6 percent 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 percent 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 Aug. 9, 2006.
Sensient Technologies also has successfully completed agreements for a private placement of approximately $155 million in five- and seven-year senior notes. Proceeds from the offering will be used to repay maturing debt.
“All our groups show revenue growth and higher operating profits,” said Kenneth P. Manning, chairman, president and CEO of Sensient Technologies. “We expect the company’s strong performance to continue in the second half and into next year.”
The second quarter revenue for the Color Group, including inkjet inks, increased 1.6 percent 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 percent 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 Aug. 9, 2006.
Sensient Technologies also has successfully completed agreements for a private placement of approximately $155 million in five- and seven-year senior notes. Proceeds from the offering will be used to repay maturing debt.