Earnings release
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Contact : Amy Agallar ( 414 ) 347-3706 Sensient Technologies Corporation Reports Results for the Quarter Ended June 30 , 2021 Exhibit 99.1 Reported Consolidated Revenue Growth of 3.9 % Adjusted Consolidated Local Currency Revenue Growth of 9.1 % Sensient Expects to be at or Above Previously Issued 2021 Guidance MILWAUKEE— July 23 , 2021 - Sensient Technologies Corporation ( NYSE : SXT ) reported consolidated revenue of $ 335.8 million in this year's second quarter compared to $ 323.1 million in last year's second quarter . Reported operating income in the second quarter of 2021 was $ 35.8 million compared to $ 42.1 million in the second quarter of 2020. Reported diluted earnings per share was 61 cents in the second quarter of 2021 compared to 72 cents in the second quarter of 2020. Foreign currency translation increased revenue and earnings per share by approximately 4 % and 6 % , respectively , in the quarter . The 2021 second quarter reported results include divestiture & other related costs and operational improvement plan costs , which in total decreased second quarter net earnings by $ 7.0 million ( $ 0.16 per diluted share ) . The 2020 second quarter reported results include divestiture & other related costs which increased net earnings by $ 1.0 million ( $ 0.02 per diluted share ) . The 2021 and 2020 second quarter results also include the operations of the divested product lines , which included $ 2.2 million of revenue and decreased diluted earnings per share by $ 0.01 in the second quarter of 2021 , and included $ 28.2 million of revenue and were not significant to diluted earnings per share in the second quarter of 2020. These adjustments are described in more detail under " Reconciliation of Non - GAAP Amounts " at the end of this release . - MORE -