Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Operating results by segment for the periods presented are as follows:

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Corporate & Other			Consolidated
Three months ended September 30, 2025:
Total segment revenue	$	202,970		$	178,156		$	42,082		$	-		$	423,208
Intersegment revenue		(5,973	)		(4,995	)		(131	)		-			(11,099	)
Consolidated revenue from external customers		196,997			173,161			41,951			-			412,109
Cost of products sold		143,055			102,828			24,235			649			270,767
Selling and administrative expense		25,904			32,599			8,175			16,958			83,636
Operating income (loss)		28,038			37,734			9,541			(17,607	)		57,706
Interest expense														7,328
Earnings before income taxes													$	50,378

Assets		884,996			886,367			129,655			308,523			2,209,541
Capital expenditures		10,648			7,196			584			1,325			19,753
Depreciation and amortization		7,736			6,249			604			967			15,556

Three months ended September 30, 2024:
Total segment revenue	$	203,279		$	162,080		$	41,778		$	-		$	407,137
Intersegment revenue		(9,057	)		(5,408	)		(59	)		-			(14,524	)
Consolidated revenue from external customers		194,222			156,672			41,719			-			392,613
Cost of products sold		141,699			95,852			24,449			209			262,209
Selling and administrative expense		26,661			31,014			7,963			14,246			79,884
Operating income (loss)		25,862			29,806			9,307			(14,455	)		50,520
Interest expense														7,696
Earnings before income taxes													$	42,824

Assets		774,896			844,165			129,904			293,647			2,042,612
Capital expenditures		7,229			4,049			371			1,589			13,238
Depreciation and amortization		7,576			6,236			623			1,025			15,460

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Corporate & Other			Consolidated
Nine months ended September 30, 2025:
Total segment revenue	$	599,902		$	525,188		$	126,727		$	-		$	1,251,817
Intersegment revenue		(17,626	)		(15,319	)		(208	)		-			(33,153	)
Consolidated revenue from external customers		582,276			509,869			126,519			-			1,218,664
Cost of products sold		423,614			301,027			73,820			4,252			802,713
Selling and administrative expense		77,129			97,334			24,773			47,773			247,009
Operating income (loss)		81,533			111,508			27,926			(52,025	)		168,942
Interest expense														22,060
Earnings before income taxes													$	146,882

Assets		884,996			886,367			129,655			308,523			2,209,541
Capital expenditures		37,655			15,677			1,188			3,268			57,788
Depreciation and amortization		23,052			18,247			1,722			2,869			45,890

Nine months ended September 30, 2024:
Total segment revenue	$	605,584		$	489,805		$	120,664		$	-		$	1,216,053
Intersegment revenue		(21,320	)		(13,844	)		(81	)		-			(35,245	)
Consolidated revenue from external customers		584,264			475,961			120,583			-			1,180,808
Cost of products sold		430,027			291,204			71,379			523			793,133
Selling and administrative expense		78,488			91,770			23,241			44,593			238,092
Operating income (loss)		75,749			92,987			25,963			(45,116	)		149,583
Interest expense														22,394
Earnings before income taxes													$	127,189

Assets		774,896			844,165			129,904			293,647			2,042,612
Capital expenditures		16,727			14,108			1,635			3,618			36,088
Depreciation and amortization		22,834			17,425			1,876			3,050			45,185

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
Three months ended September 30, 2025:
Flavors, Extracts & Flavor Ingredients	$	136,831		$	-		$	-		$	136,831
Agricultural Ingredients		66,139			-			-			66,139
Food & Pharmaceutical Colors		-			133,548			-			133,548
Personal Care		-			44,608			-			44,608
Asia Pacific		-			-			42,082			42,082
Intersegment Revenue		(5,973	)		(4,995	)		(131	)		(11,099	)
Total revenue from external customers	$	196,997		$	173,161		$	41,951		$	412,109

Three months ended September 30, 2024:
Flavors, Extracts & Flavor Ingredients	$	128,990		$	-		$	-		$	128,990
Agricultural Ingredients		74,289			-			-			74,289
Food & Pharmaceutical Colors		-			118,883			-			118,883
Personal Care		-			43,197			-			43,197
Asia Pacific		-			-			41,778			41,778
Intersegment Revenue		(9,057	)		(5,408	)		(59	)		(14,524	)
Total revenue from external customers	$	194,222		$	156,672		$	41,719		$	392,613

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
Nine months ended September 30, 2025:
Flavors, Extracts & Flavor Ingredients	$	408,748		$	-		$	-		$	408,748
Agricultural Ingredients		191,154			-			-			191,154
Food & Pharmaceutical Colors		-			394,525			-			394,525
Personal Care		-			130,663			-			130,663
Asia Pacific		-			-			126,727			126,727
Intersegment Revenue		(17,626	)		(15,319	)		(208	)		(33,153	)
Total revenue from external customers	$	582,276		$	509,869		$	126,519		$	1,218,664

Nine months ended September 30, 2024:
Flavors, Extracts & Flavor Ingredients	$	388,544		$	-		$	-		$	388,544
Agricultural Ingredients		217,040			-			-			217,040
Food & Pharmaceutical Colors		-			361,268			-			361,268
Personal Care		-			128,537			-			128,537
Asia Pacific		-			-			120,664			120,664
Intersegment Revenue		(21,320	)		(13,844	)		(81	)		(35,245	)
Total revenue from external customers	$	584,264		$	475,961		$	120,583		$	1,180,808

Geographic Markets

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Three months ended September 30, 2025:
North America	$	154,755	$	84,367	$	41	$	239,163
Europe		31,824		50,270		9		82,103
Asia Pacific		3,743		16,774		41,483		62,000
Other		6,675		21,750		418		28,843
Total revenue from external customers	$	196,997	$	173,161	$	41,951	$	412,109

Three months ended September 30, 2024:
North America	$	152,753	$	78,187	$	15	$	230,955
Europe		30,908		37,089		32		68,029
Asia Pacific		4,500		16,477		40,101		61,078
Other		6,061		24,919		1,571		32,551
Total revenue from external customers	$	194,222	$	156,672	$	41,719	$	392,613

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Consolidated
Nine months ended September 30, 2025:
North America	$	456,674	$	247,438	$	56	$	704,168
Europe		93,265		148,679		47		241,991
Asia Pacific		12,987		50,448		123,325		186,760
Other		19,350		63,304		3,091		85,745
Total revenue from external customers	$	582,276	$	509,869	$	126,519	$	1,218,664

Nine months ended September 30, 2024:
North America	$	456,355	$	235,842	$	97	$	692,294
Europe		95,129		129,076		138		224,343
Asia Pacific		13,309		49,544		115,803		178,656
Other		19,471		61,499		4,545		85,515
Total revenue from external customers	$	584,264	$	475,961	$	120,583	$	1,180,808

SENSIENT TECHNOLOGIES CORP 10-Q