Sensient Technologies Corporation Reports Results for the Quarter Ended June 30, 2026 (Form 8-K)

Sensient Technologies Corporation

Reports Results for the Quarter Ended June 30, 2026

MILWAUKEE- July 24, 2026 - Sensient Technologies Corporation (NYSE: SXT), a leading provider of flavors and colors for the food, pharmaceutical, and personal care markets, today reported financial results for the second quarter ended June 30, 2026.

Second Quarter Consolidated Results

"Sensient continued to build on an outstanding first quarter. We are entering the second half of the year with great momentum and confidence in the future. By executing on our strategy, we are poised to take advantage of opportunities in the market and deliver long-term value for our shareholders. I remain very confident about our performance in 2026 and beyond," said Paul Manning, Sensient's Chairman, President, and Chief Executive Officer.

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Sensient Technologies Corporation Earnings Release - Quarter Ended June 30, 2026 July 24, 2026

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The Flavors & Extracts Group reported second quarter 2026 revenue of $213.2 million, an increase of $9.9 million versus the prior year's second quarter. The Group's revenue increase was driven primarily by higher prices and volume growth. Segment operating income was $30.4 million in the second quarter of 2026, an increase of $1.9 million compared to the prior year's second quarter.

The Color Group reported revenue of $216.1 million in the second quarter of 2026, an increase of $36.9 million compared to the prior year's second quarter. The Group's revenue increase was driven by strong volume growth and higher prices across the Group. Segment operating income was $54.5 million in the second quarter of 2026, an increase of $15.6 million compared to the prior year's second quarter results.

The Asia Pacific Group reported revenue of $47.6 million in the second quarter of 2026, an increase of $4.8 million compared to the prior year's second quarter. The Group's revenue increase was driven by strong volume growth and higher prices across the Group. Segment operating income was $11.0 million in the quarter, an increase of $2.0 million compared to the prior year's second quarter.

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Sensient Technologies Corporation Earnings Release - Quarter Ended June 30, 2026 July 24, 2026

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Corporate & Other reported operating expenses were $19.2 million in the second quarter of 2026, compared to $18.7 million of operating expenses reported in the prior year's second quarter. Local currency adjusted operating expenses⁽¹⁾ for Corporate & Other increased $3.9 million compared to the prior year's second quarter. The higher operating expenses were primarily due to higher performance-based compensation costs in the second quarter.

2026 OUTLOOK

Metric		Current Guidance		Prior Guidance
Local Currency Revenue(1)		High Single-Digit to Low Double-Digit Growth		High Single-Digit to Double-Digit Growth
Local Currency Adjusted EBITDA(1)		Mid-Teen to High Teen Growth		High Single-Digit to Double-Digit Growth
Diluted EPS (GAAP)		Between $4.10 and $4.20*		Between $3.70 and $3.90
Local Currency Adjusted Diluted EPS(1)		Mid-Teen to High Teen Growth		High Single-Digit to Double-Digit Growth
*Based on current exchange rates, foreign currency impact is expected to be immaterial for the remainder of the year.

The Company's guidance is based on current conditions and economic and market trends in the markets in which the Company operates and is subject to various risks and uncertainties as described below.

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Sensient Technologies Corporation Earnings Release - Quarter Ended June 30, 2026 July 24, 2026

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USE OF NON-GAAP FINANCIAL MEASURES

The Company's non-GAAP financial measures eliminate the impact of certain items, which, depending on the measure, include: currency movements, depreciation and amortization, Portfolio Optimization Plan costs, and non-cash share-based compensation. These measures are provided to enhance the overall understanding of the Company's performance when viewed together with the GAAP results. Refer to "Reconciliation of Non-GAAP Amounts" at the end of this release.

CONFERENCE CALL

The Company will host a conference call to discuss its 2026 second quarter financial results at 8:30 a.m. CDT on Friday, July 24, 2026. To participate in the conference call, contact Chorus Call Inc. at (844) 492-3726 or (412) 317-1078, and ask to join the Sensient Technologies Corporation conference call. Alternatively, the call can be accessed by using the webcast link that is available on the Investor Information section of the Company's web site at www.sensient.com.

A replay of the call will be available one hour after the end of the conference call through July 31, 2026 by calling (855) 669-9658 and using access code 9277298. An audio replay and written transcript of the call will also be posted on the Investor Information section of the Company's web site at www.sensient.com on or after July 28, 2026.

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Sensient Technologies Corporation Earnings Release - Quarter Ended June 30, 2026 July 24, 2026

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This release contains statements that may constitute "forward-looking statements" within the meaning of Federal securities laws including in the quote from our Chairman, President, and Chief Executive Officer and under "2026 Outlook" above. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors concerning the Company's operations and business environment. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements and that could adversely affect the Company's future financial performance include the following: the Company's ability to manage general business, economic, and capital market conditions, including actions taken by customers in response to such market conditions, and the impact of recessions and economic downturns; the impact of macroeconomic and geopolitical volatility, including inflation and shortages impacting the availability and cost of raw materials, energy, and other supplies, disruptions and delays in the Company's supply chain, and the conflicts between Russia and Ukraine and in the Middle East; industry, regulatory, legal, and economic factors related to the Company's domestic and international business; the effects of tariffs, trade barriers, and disputes; the availability and cost of labor, logistics, and transportation; the pace and nature of new product introductions by the Company and the Company's customers; the Company's ability to anticipate and respond to changing consumer preferences, changing technologies, and changing regulations; the Company's ability to successfully implement its growth strategies; the outcome of the Company's various productivity-improvement and cost-reduction efforts, acquisition and divestiture activities, and Portfolio Optimization Plan; growth in markets for products in which the Company competes; industry and customer acceptance of price increases; actions by competitors; the Company's ability to enhance its innovation efforts and drive cost efficiencies; currency exchange rate fluctuations; and other factors included in "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in other documents that the Company files with the SEC. The risks and uncertainties identified above are not the only risks the Company faces. Additional risks and uncertainties not presently known to the Company or that it currently believes to be immaterial also may adversely affect the Company. Should any known or unknown risks and uncertainties develop into actual events, these developments could have material adverse effects on our business, financial condition, and results of operations. This release contains time-sensitive information that reflects management's best analysis only as of the date of this release. Except to the extent required by applicable laws, the Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied herein will not be realized.

ABOUT SENSIENT TECHNOLOGIES

Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors, and other specialty ingredients. Sensient uses advanced technologies and robust global supply chain capabilities to develop specialized solutions for food and beverages, as well as products that serve the pharmaceutical, nutraceutical, and personal care industries. Sensient's customers range in size from small entrepreneurial businesses to major international manufacturers representing some of the world's best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.

www.sensient.com

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Sensient Technologies Corporation (In thousands, except percentages and per share amounts) (Unaudited)

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Consolidated Statements of Earnings		Three Months Ended June 30,												Six Months Ended June 30,
		2026				2025				% Change				2026				2025				% Change
Revenue		$	462,081			$	414,230				11.6	%		$	897,915			$	806,555				11.3	%
Cost of products sold			289,282				271,398				6.6	%			572,428				531,946				7.6	%
Selling and administrative expenses			96,099				85,126				12.9	%			182,059				163,373				11.4	%
Operating income			76,700				57,706				32.9	%			143,428				111,236				28.9	%
Interest expense			8,174				7,391								16,076				14,732
Earnings before income taxes			68,526				50,315								127,352				96,504
Income taxes			17,167				12,728								31,823				24,455
Net earnings		$	51,359			$	37,587				36.6	%		$	95,529			$	72,049				32.6	%
Earnings per share of common stock:
Basic		$	1.21			$	0.89							$	2.26			$	1.71
Diluted		$	1.20			$	0.88							$	2.24			$	1.69
Average common shares outstanding:
Basic			42,350				42,246								42,323				42,221
Diluted			42,756				42,575								42,714				42,522

Results by Segment		Three Months Ended June 30,													Six Months Ended June 30,
Revenue			2026				2025			% Change					2026				2025			% Change
Flavors & Extracts		$	213,179			$	203,251				4.9	%		$	415,004			$	396,932				4.6	%
Color			216,137				179,282				20.6	%			414,313				347,032				19.4	%
Asia Pacific			47,589				42,744				11.3	%			92,844				84,645				9.7	%
Intersegment elimination			(14,824	)			(11,047	)							(24,246	)			(22,054	)
Consolidated		$	462,081			$	414,230				11.6	%		$	897,915			$	806,555				11.3	%
Operating Income
Flavors & Extracts		$	30,431			$	28,506				6.8	%		$	57,181			$	53,495				6.9	%
Color			54,514				38,922				40.1	%			96,579				73,774				30.9	%
Asia Pacific			10,960				8,943				22.6	%			22,140				18,385				20.4	%
Corporate & Other			(19,205	)			(18,665	)							(32,472	)			(34,418	)
Consolidated		$	76,700			$	57,706				32.9	%		$	143,428			$	111,236				28.9	%

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Note: Earnings per share calculations may not foot due to rounding differences.

⁽¹⁾ Tax impact adjustments were determined based on the nature of the underlying non-GAAP adjustments and their relevant jurisdictional tax rates.

⁽²⁾ Adjustments consist of Portfolio Optimization Plan costs.

Sensient Technologies Corporation	Page 10
(In thousands, except percentages and per share amounts)
(Unaudited)

		Three Months Ended June 30, 2026
Revenue		Total				Foreign Exchange Rates				Adjustments(3)				Local Currency Adjusted
Flavors & Extracts			4.9	%			1.1	%			N/A				3.8	%
Color			20.6	%			3.0	%			N/A				17.6	%
Asia Pacific			11.3	%			(1.0	%)			N/A				12.3	%
Total Revenue			11.6	%			1.7	%			N/A				9.9	%
Operating Income
Flavors & Extracts			6.8	%			0.7	%			0.0	%			6.1	%
Color			40.1	%			3.3	%			0.0	%			36.8	%
Asia Pacific			22.6	%			(1.2	%)			0.0	%			23.8	%
Corporate & Other			2.9	%			0.0	%			(22.4	%)			25.3	%
Total Operating Income			32.9	%			2.3	%			7.2	%			23.4	%
Diluted Earnings Per Share			36.4	%			3.4	%			7.5	%			25.5	%
Adjusted EBITDA			22.7	%			1.9	%			N/A				20.8	%

		Six Months Ended June 30, 2026
Revenue		Total				Foreign Exchange Rates				Adjustments(3)				Local Currency Adjusted
Flavors & Extracts			4.6	%			1.8	%			N/A				2.8	%
Color			19.4	%			4.3	%			N/A				15.1	%
Asia Pacific			9.7	%			1.2	%			N/A				8.5	%
Total Revenue			11.3	%			2.7	%			N/A				8.6	%
Operating Income
Flavors & Extracts			6.9	%			1.3	%			0.0	%			5.6	%
Color			30.9	%			5.3	%			0.0	%			25.6	%
Asia Pacific			20.4	%			1.4	%			0.0	%			19.0	%
Corporate & Other			(5.7	%)			0.0	%			(20.8	%)			15.1	%
Total Operating Income			28.9	%			4.3	%			6.6	%			18.0	%
Diluted Earnings Per Share			32.5	%			4.7	%			7.8	%			20.0	%
Adjusted EBITDA			19.3	%			3.5	%			N/A				15.8	%

Sensient Technologies Corporation	Page 11
(In thousands, except percentages)
(Unaudited)

		Three Months Ended June 30,												Six Months Ended June 30,
		2026				2025				% Change				2026				2025				% Change
Operating income (GAAP)		$	76,700			$	57,706				32.9	%		$	143,428			$	111,236				28.9	%
Depreciation and amortization			15,890				15,260								31,428				30,334
Share-based compensation expense			5,604				3,739								9,380				6,639
Portfolio Optimization Plan costs, before tax			-				3,339								-				6,203
Adjusted EBITDA		$	98,194			$	80,044				22.7	%		$	184,236			$	154,412				19.3	%

		June 30,
Debt		2026				2025
Short-term borrowings		$	397			$	26,280
Long-term debt			763,499				710,119
Credit Agreement adjustments(4)			(17,174	)			(43,393	)
Net Debt		$	746,722			$	693,006
Operating income (GAAP)		$	239,320			$	203,752
Depreciation and amortization			62,192				60,938
Share-based compensation expense			16,687				11,812
Portfolio Optimization Plan costs, before tax			9,603				8,270
Other non-operating gains(5)			(1,100	)			(816	)
Credit Adjusted EBITDA		$	326,702			$	283,956
Net Debt to Credit Adjusted EBITDA			2.3x				2.4x

⁽⁴⁾ Adjustments include cash and cash equivalents, as described in the Company's Fourth Amended and Restated Credit Agreement (Credit Agreement), and certain letters of credit and hedge contracts.

⁽⁵⁾ Adjustments consist of certain financing transaction costs, certain non-financing interest items, and gains and losses related to certain non-cash, non-operating, and/or non-recurring items as described in the Credit Agreement.

We have included each of these non-GAAP measures in order to provide additional information regarding our underlying operating results and comparable period-over-period performance. Such information is supplemental to information presented in accordance with GAAP and is not intended to represent a presentation in accordance with GAAP. These non-GAAP measures should not be considered in isolation. Rather, they should be considered together with GAAP measures and the rest of the information included in this release and our SEC filings. Management internally reviews each of these non-GAAP measures to evaluate performance on a comparative period-to-period basis and to gain additional insight into underlying operating and performance trends, and we believe the information can be beneficial to investors for the same purposes. These non-GAAP measures may not be comparable to similarly titled measures used by other companies.