Sensient Technologies Reports Fourth Consecutive Quarter of Lower Profits; $74 FVE Unchanged
Sensient Technologies' first-quarter results revealed no major surprises, as the company's year-on-year adjusted EBITDA fell for the fourth consecutive quarter. This is a concerning trend, as the hangover from the company's multi-year restructuring efforts (concluded in mid-2017) persists longer than we had anticipated. Both revenue and adjusted EBITDA have stagnated in recent years, and we expect more of the same in 2019. Going forward, however, we forecast a resumption of low- to mid-single-di...Sensient Technologies is a manufacturer and marketer of colors, flavors and fragrances. The company's three reportable segments are: Flavors & Fragrances Group, which develops, manufactures, and supplies flavor and fragrance systems for the food, beverage, personal care, and household-products industries; Color Group, which provides natural and synthetic color systems for use in foods, beverages, pharmaceuticals, and nutraceuticals, colors and other ingredients for cosmetics; and Asia Pacific Group, which provides a range of products from its Flavors & Fragrances Group and Color Group, as well as products developed by regional technical teams to appeal to local preferences.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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