Sensient Technologies Corporation (NYSE:SXT) Q2 2024 Earnings Conference Call July 26, 2024 9:30 AM ET
Company Participants
Tobin Tornehl – Vice President and Chief Financial Officer
Paul Manning – Chairman, President and Chief Executive Officer
Conference Call Participants
Matt Krueger – Baird
Nicola Tang – BNP Paribas Exane
David Green – Boldhaven
Operator
Good morning and welcome to the Sensient Technologies Corporation 2024 Second Quarter Earnings Conference Call. All participants will be listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask question. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Mr. Tobin Tornehl. Please go ahead, sir.
Tobin Tornehl
Good morning. Welcome to Sensient’s earnings call for the second quarter of 2024. I’m Tobin Tornehl, 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 2024 second quarter results. A copy of the earnings release and the slides we will be using during today’s call are available on the Investor Relations section of our website at sensient.com. For those of you that joined us by webcast today, you will note that this quarter we are introduction this slide deck with our presentation. If you joined our conference call by telephone and would like to follow along, you can find a copy of the prepared slides on our website.
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, 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 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, including our 10-K and our forthcoming 10-Q 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.