Sensient Technologies Corporation provided earnings guidance for the year 2022. The company now expects 2022 full year GAAP diluted earnings per share to grow at a high-teen growth rate compared to the company's 2021 reported GAAP diluted earnings per share of $2.81. The Company's previous 2022 GAAP diluted earnings per share guidance was for a mid-teen growth rate.

The full year 2022 guidance does not include any material divestiture & other related costs, operational improvement plan costs, or results of divested businesses. The company now expects 2022 revenue to grow at a mid-to-high single-digit rate in local currency compared to the Company's 2021 adjusted revenue(2). The Company's previous 2022 revenue guidance was for a mid-single-digit growth rate in local currency.