Sensient Technologies Corporation reaffirmed earnings guidance for the year 2022. The company is reconfirming its expectation for 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 continues to expect 2022 revenue to grow at a high single-digit rate in local currency compared to the Company's 2021 adjusted revenue.

The Company continues to expect its 2022 diluted earnings per share to grow at a high single- to double-digit rate in local currency compared to the Company's 2021 adjusted diluted earnings per share of $3.13. The Company expects full year 2022 earnings per share reported on a U.S. dollar basis to be impacted by foreign currency headwinds of approximately twenty cents based on current exchange rates.