SENSIENT TECHNOLOGIES CORP
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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FY2024 · Filed Feb 19, 2025
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Description of Business
The Company is a leading global manufacturer and marketer of colors, flavors, and other specialty ingredients. The Company 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. The Company’s customers range in size from small entrepreneurial businesses to major international manufacturers representing some of the world’s best-known brands.
The Company’s principal products include:
| ● | flavors, flavor enhancers, ingredients, extracts, and bionutrients; |
| ● | essential oils; |
| ● | dehydrated vegetables and other food ingredients; |
| ● | natural and synthetic food and beverage colors; |
| ● | personal care colors and ingredients; |
| ● | pharmaceutical and nutraceutical colors, excipients, and ingredients; and |
| ● | technical colors, specialty colors, and specialty dyes and pigments. |
For 2024, the Company’s three reportable segments were the Flavors & Extracts Group and the Color Group, which are managed on a product line basis, and the Asia Pacific Group, which is managed on a geographic basis. The Company’s corporate expenses, divestiture & other related income, share-based compensation, restructuring and other charges, including the Portfolio Optimization Plan costs, and certain other costs are included in the “Corporate & Other” category as described in this report. Financial information regarding the Company’s three reportable segments and the operations included within Corporate & Other is set forth in Note 12, Segment and Geographic Information, in the Notes to Consolidated Financial Statements included in this report.
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