Sensient reports Q4 adjusted EPS 51c vs. 64c last year

Reports Q4 revenue $349.3M vs. $348.74M last year. “As expected, 2023 was a transitional year for the market and Sensient as inflation and destocking provided significant headwinds. I expect a better environment in 2024 with a return to volume growth and continuation of our strong sales win rate. Concurrently, we are proactively reducing costs through a Portfolio Optimization Plan that we expect to provide significant cost savings. Overall, I am optimistic about 2024,” said Paul Manning, CEO.