Milwaukee-based Sensient Technologies Corp. today reported net earnings of $25.5 million for the second quarter, up 19 percent compared to $21.2 million in net earnings for the second quarter of 2007.
Second quarter diluted earnings per share rose 17.8 percent to 53 cents from 45 cents in last year's second quarter.
The company reported record revenue of $332.8 million for its second quarter.
"We reported record second quarter revenue, operating income and earnings," said Kenneth P. Manning, chairman and CEO of Sensient. "The Company has achieved ten consecutive quarters of earnings growth and we expect this strong performance to continue in the second half and into next year."
For the first half of the year, the company reported net earnings of $46.1 million, up 19.6 percent compared to net earnings of $38.6 million for the first half of 2007.
Sensient reported that it expects 2008 diluted earnings per share to be between $1.80 and $1.84. That is an increase over the range previously provided by the company, which was between $1.77 and $1.80.
Sensient is a manufacturer and marketer of colors, flavors and fragrances.
Sensient quarterly earnings up 19 percent
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