Sensient Reports Results for 2Q 2012

Sensient Technologies reported revenue of $367.8 million in the second quarter of 2012, compared to $377 million in the second quarter of 2011. Operating income was $54.3 million in both quarters.
 
Revenue was $733.4 million for the six months ended June 30, 2012, compared to $726.7 million reported in the first six months of last year.

“Sensient delivered a solid performance in the second quarter,” said Kenneth Manning, chairman, president and CEO of Sensient Technologies. “We achieved local currency revenue and operating income growth in difficult economic conditions.”

The Color Group, which includes inkjet inks, reported revenue of $127.9 million in the second quarter of 2012, compared to $132.4 million last year. Operating income increased 5.3% to an all-time quarterly high of $25.9 million, from $24.6 million in 2011.