Operating income stood at $47.7 million, which rocketed up 22.5 percent, compared to last year’s $38.9 million.
The firm’s net earnings also saw a 28 percent surge. For the three months to 30 September, Sensient reported it to be $29.2 million, compared to $22.8 million in the same period in 2009.
Sensient’s colour segment, which includes inkjet inks, reported revenue of $113.3 million, an increase of 20.3 percent in comparison to last year’s $94.2 million.
Operating income for the segment rose 37.5 percent to $20 million, compared to prior year operating income of $14.6 million.
Sensient said: “Unfavourable foreign currency comparisons reduced third quarter Color Group revenue and operating income by approximately two percent and three percent, respectively.
“Every product line in the Color Group delivered double digit sales increases on strong volume gains.
“Sales growth in the Food and Beverage product line was driven by the expanding market for natural colours. Group operating margin improved to 17.7 percent.”
Kenneth Manning, Chairman and CEO Sensient, said: “All of our operating units delivered exceptional results this quarter. Our strategic initiatives are driving the strong performance this year, and we are optimistic about our growth opportunities going forward.”
Sensient’s full Q3 report can be found online here.