Sensient Technologies Corporation (NYSE:SXT) Q4 2023 Earnings Call Transcript February 9, 2024 9:30 AM ET
Company Participants
Stephen Rolfs - Senior Vice President and Chief Financial Officer
Paul Manning - Chairman of the Board, President and Chief Executive Officer
Conference Call Participants
Ghansham Panjabi - Robert W. Baird
Nicola Tang - BNP Paribas
David Green - Boldhaven
Operator
Good morning. And welcome to the Sensient Technologies Corporation 2023 Fourth Quarter and Year-end Earnings Conference Call. [Operator Instructions]. Please also note today's event is being recorded.
I would now like to turn the floor over to Steve Rolfs. Please go ahead, sir.
Stephen Rolfs
Good morning. Welcome to Sensient's earnings call for the fourth quarter and full year of 2023. I'm Steve Rolfs, Senior Vice President and Chief Financial Officer of Sensient Technologies Corporation. I'm joined today by Paul Manning, Sensient's Chairman, President and Chief Executive Officer. Earlier today, we have released our 2023 fourth quarter and full-year results. A copy of the release and our investor presentation is available on our website at sensient.com.
During our call today, we will reference certain non-GAAP financial measures, which remove the impact of currency movements, cost of the company's portfolio optimization plans, income related to earnout payment received in 2022 in connection with the divestiture of our yogurt fruit preparations business. And other items as noted in the company's filings. We believe the removal of these items provides investors with additional information to evaluate the company's performance and improves the comparability of results between reporting periods. This also reflects how management reviews and evaluates the company's operations and performance.
Non-GAAP financial results should not be considered in isolation from, or as a substitute for financial information calculated in accordance with GAAP. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures is available in our press release. We encourage investors to review these reconciliations in connection with the comments we make today.
I would also like to remind everyone that, comments made during this call, including responses to your questions, may include forward-looking statements. Our actual results may differ materially from those that may be expressed or implied due to a wide range of factors, including those set forth in our SEC filings. We urge you to read Sensient's previous SEC filings and our forthcoming 10-Ks for a description of additional factors that could potentially impact our financial results. Please keep these factors in mind when you analyze our comments today.