Sensient Technologies raised its full-year 2026 local currency adjusted EBITDA and EPS growth guidance to mid-to-high teens, up from a prior forecast of high single-digit to double-digit growth. Chairman and CEO Paul Manning said second-quarter results were well above earlier projections, with local currency revenue up 10%, adjusted EBITDA up 21%, and adjusted EPS up 26%. The Color Group invoiced approximately $25 million of natural color conversion revenue in the quarter, adding to the $20 million cumulatively invoiced through the first quarter, as the company pursues a $1 billion natural color sales goal. CFO Tobin Tornehl noted that the quarter included about $5 million of tariff refunds, which contributed roughly $0.09 to EPS and are not expected to recur. Capital expenditures are projected between $150 million and $170 million for the year, trending toward the top end, and leverage is expected to move into the mid-to-upper 2s later in 2026.
Sensient Technologies CorporationRaises 2026 adjusted EBITDA and EPS growth guidance to mid-to-high teens, with Q2 results well above projections.