SENSIENT TECHNOLOGIES CORP - Interim / Quarterly Report 2026

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: March 31, 2026

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number: 001-07626

Sensient Technologies Corp oration

(Exact name of registrant as specified in its charter)

Wisconsin	39-0561070
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)

777 EAST WISCONSIN AVENUE , MILWAUKEE , WISCONSIN 53202-5304

(Address of principal executive offices)

Registrant’s telephone number, including area code: ( 414 ) 271-6755

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, par value $0.10 per share	SXT	New York Stock Exchange LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for at least the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer ☒	Accelerated Filer ☐
Smaller Reporting Company ☐	Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class	Outstanding at April 22, 2026
Common Stock, par value $0.10 per share	42,568,960

SENSIENT TECHNOLOGIES CORPORATION

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		Page No.
PART I. FINANCIAL INFORMATION:
Item 1.	Financial Statements:
	Consolidated Statements of Earnings ‑ Three Months Ended March 31, 2026 and 2025.	1
	Consolidated Condensed Statements of Comprehensive Income ‑ Three Months Ended March 31, 2026 and
2025.	2
	Consolidated Balance Sheets - March 31, 2026 and December 31, 2025.	3
	Consolidated Statements of Cash Flows ‑ Three Months Ended March 31, 2026 and 2025.	4
	Consolidated Statements of Shareholders’ Equity ‑ Three Months Ended March 31, 2026 and 2025.	5
	Notes to Consolidated Condensed Financial Statements.	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	12
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	17
Item 4.	Controls and Procedures.	17
PART II. OTHER INFORMATION:
Item 1.	Legal Proceedings.	17
Item 1A.	Risk Factors.	17
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	17
Item 5.	Other Information	17
Item 6.	Exhibits.	17
	Exhibit Index.	18
	Signatures.	19

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PART I. FINANCIAL INFORMATION

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ITEM 1. FINANCIAL STATEMENTS

SENSIENT TECHNOLOGIES CORPORATION

Anchor Anchor CONSOLIDATED Anchor STATEMENTS OF EARNINGS Anchor Anchor

(In thousands except per share amounts)

(Unaudited)

	Three Months Ended March 31, — 2026	2025
Revenue	$ 435,834	$ 392,325
Cost of products sold	283,146	260,548
Selling and administrative expenses	85,960	78,247
Operating income	66,728	53,530
Interest expense	7,902	7,341
Earnings before income taxes	58,826	46,189
Income taxes	14,656	11,727
Net earnings	$ 44,170	$ 34,462
Weighted average number of common shares outstanding:
Basic	42,294	42,197
Diluted	42,671	42,469
Earnings per common share:
Basic	$ 1.04	$ 0.82
Diluted	$ 1.04	$ 0.81
Dividends declared per common share	$ 0.41	$ 0.41

See accompanying notes to consolidated condensed financial statements.

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SENSIENT TECHNOLOGIES CORPORATION

Anchor CONSOLIDATED CONDENSED Anchor Anchor STATEMENTS OF Anchor COMPREHENSIVE INCOME Anchor Anchor

(In thousands)

(Unaudited)

	Three Months Ended March 31, — 2026	2025
Comprehensive income	$ 40,843	$ 49,427

See accompanying notes to consolidated condensed financial statements.

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SENSIENT TECHNOLOGIES CORPORATION

Anchor Anchor CONSOLIDATED Anchor Anchor Anchor Anchor Anchor BALANCE Anchor SHEETS Anchor Anchor Anchor Anchor

(In thousands)

Assets	March 31, 2026 (Unaudited)
Current Assets:
Cash and cash equivalents	$ 38,542	$	36,533
Trade accounts receivable	342,295		305,380
Inventories	681,730		678,220
Prepaid expenses and other current assets	58,971		59,717
Fixed assets held for sale	-		1,598
Total current assets	1,121,538		1,081,448
Other assets	102,583		102,362
Deferred tax assets	66,630		71,204
Intangible assets, net	9,893		10,121
Goodwill	436,389		439,706
Property, Plant, and Equipment:
Land	34,683		34,898
Buildings	366,934		366,797
Machinery and equipment	850,598		858,762
Construction in progress	90,451		78,492
	1,342,666		1,338,949
Less accumulated depreciation	( 792,111	)	( 799,653	)
	550,555		539,296
Total assets	$ 2,287,588	$	2,244,137
Liabilities and Shareholders ’ Equity
Current Liabilities:
Trade accounts payable	$ 114,222	$	138,344
Accrued salaries, wages, and withholdings from employees	28,626		43,988
Other accrued expenses	63,163		65,652
Income taxes	17,470		15,247
Short-term borrowings	232		352
Total current liabilities	223,713		263,583
Deferred tax liabilities	13,540		13,651
Other liabilities	39,733		40,112
Accrued employee and retiree benefits	24,163		24,045
Long-term debt	767,558		709,232
Shareholders’ Equity:
Common stock	5,396		5,396
Additional paid-in capital	121,971		123,668
Earnings reinvested in the business	1,873,758		1,847,014
Treasury stock, at cost	( 608,664	)	( 612,311	)
Accumulated other comprehensive loss	( 173,580	)	( 170,253	)
Total shareholders’ equity	1,218,881		1,193,514
Total liabilities and shareholders’ equity	$ 2,287,588	$	2,244,137

See accompanying notes to consolidated condensed financial statements.

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SENSIENT TECHNOLOGIES CORPORATION

Anchor Anchor CONSOLIDATED STATEMENTS Anchor OF Anchor Anchor Anchor Anchor Anchor CASH FLOWS Anchor Anchor Anchor Anchor

(In thousands)

(Unaudited)

	Three Months Ended March 31, — 2026	2025
Cash flows from operating activities:
Net earnings	$ 44,170	$	34,462
Adjustments to arrive at net cash provided by operating activities:
Depreciation and amortization	15,538		15,074
Share-based compensation expense	3,776		2,900
Net (gain) loss on assets	( 305	)	46
Portfolio Optimization Plan costs	-		831
Deferred income taxes	1,897		1,282
Changes in operating assets and liabilities:
Trade accounts receivable	( 37,718	)	( 20,780	)
Inventories	( 5,360	)	7,202
Prepaid expenses and other assets	( 270	)	( 8,064	)
Accounts payable and other accrued expenses	( 22,837	)	( 25,859	)
Accrued salaries, wages, and withholdings from employees	( 15,273	)	( 21,665	)
Income taxes	2,562		4,989
Other liabilities	203		604
Net cash used in operating activities	( 13,617	)	( 8,978	)
Cash flows from investing activities:
Acquisition of property, plant, and equipment	( 28,737	)	( 16,854	)
Proceeds from sale of assets	2,016		7
Acquisition of new business	-		( 4,349	)
Other investing activities	( 200	)	( 88	)
Net cash used in investing activities	( 26,921	)	( 21,284	)
Cash flows from financing activities:
Proceeds from additional borrowings	140,139		66,449
Debt payments	( 76,867	)	( 10,771	)
Dividends paid	( 17,426	)	( 17,376	)
Other financing activities	( 3,447	)	( 2,341	)
Net cash provided by financing activities	42,399		35,961
Effect of exchange rate changes on cash and cash equivalents	148		249
Net increase in cash and cash equivalents	2,009		5,948
Cash and cash equivalents at beginning of period	36,533		26,626
Cash and cash equivalents at end of period	$ 38,542	$	32,574

See accompanying notes to consolidated condensed financial statements.

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SENSIENT TECHNOLOGIES CORPORATION

Anchor Anchor Anchor Anchor CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY Anchor Anchor

(In thousands, except share and per share amounts)

(Unaudited)

Three Months Ended March 31 , 2026	Common Stock	Additional Paid-In Capital								Accumulated Other Comprehensive (Loss) Income		Total Equity
					Shares		Amount
Balances at December 31, 2025	$ 5,396	$ 123,668	$	1,847,014		11,685,819	$	( 612,311	)	$ ( 170,253	)	$ 1,193,514
Net earnings	-	-		44,170		-		-		-		44,170
Other comprehensive loss	-	-		-		-		-		( 3,327	)	( 3,327	)
Cash dividends paid – $ 0.41 per share	-	-		( 17,426	)	-		-		-		( 17,426	)
Share-based compensation	-	3,776		-		-		-		-		3,776
Non-vested stock issued upon vesting	-	( 4,586	)	-		( 87,531	)	4,586		-		-
Benefit plans	-	729		-		( 17,031	)	892		-		1,621
Other	-	( 1,616	)	-		34,967		( 1,831	)	-		( 3,447	)
Balances at March 31 , 2026	$ 5,396	$ 121,971	$	1,873,758		11,616,224	$	( 608,664	)	$ ( 173,580	)	$ 1,218,881

Three Months Ended March 31, 2025 — Balances at December 31, 2024	$ 5,396	$ 117,500	$	1,782,139		11,779,321	$	( 617,210	)	$ ( 226,839	)	$ 1,060,986
Net earnings	-	-		34,462		-		-		-		34,462
Other comprehensive income	-	-		-		-		-		14,965		14,965
Cash dividends paid – $ 0.41 per share	-	-		( 17,376	)	-		-		-		( 17,376	)
Share-based compensation	-	2,900		-		-		-		-		2,900
Non-vested stock issued upon vesting	-	( 3,973	)	-		( 75,829	)	3,973		-		-
Benefit plans	-	394		-		( 19,899	)	1,043		-		1,437
Other	-	( 704	)	-		31,216		( 1,636	)	-		( 2,340	)
Balances at March 31, 2025	$ 5,396	$ 116,117	$	1,799,225		11,714,809	$	( 613,830	)	$ ( 211,874	)	$ 1,095,034

See accompanying notes to consolidated condensed financial statements.

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Anchor SENSIENT TECHNOLOGIES CORPORATION

Anchor Anchor Anchor Anchor Anchor Anchor Anchor Anchor Anchor Anchor Anchor NOTES Anchor TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(Unaudited)

Accounting Policies

In the opinion of Sensient Technologies Corporation (the Company), the accompanying unaudited consolidated condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) that are necessary to present fairly the financial position of the Company as of March 31, 2026, and the results of operations, comprehensive income, cash flows, and shareholders’ equity for the three months ended March 31, 2026 and 2025. The results of operations for any interim period are not necessarily indicative of the results to be expected for the full year.

The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Expenses are charged to operations in the period incurred.

Recently Adopted Accounting Pronouncements

In December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which requires the Company to disclose specified additional information in its income tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. This ASU also requires the Company to disaggregate its income taxes paid disclosure by federal, state, and foreign taxes, with further disaggregation required for significant individual jurisdictions. This ASU is effective for fiscal years beginning after December 15, 2024. The Company adopted this ASU in the fourth quarter of 2025 using a prospective transition method. The Company updated its annual disclosures as a result of adopting this ASU, and the adoption did not have a material impact on the Company’s consolidated financial statements.

Recently Issued Accounting Pronouncements

In November 2024, the FASB issued ASU No. 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40) – Disaggregation of Income Statement Expenses , which will require the Company to disclose disaggregated information about certain income statement expense line items. This ASU is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. The Company is currently evaluating the potential impact of this standard on its consolidated financial statements and its related disclosures.

Please refer to the notes in the Company’s annual consolidated financial statements for the year ended December 31, 2025, for additional details of the Company’s financial condition and a description of the Company’s accounting policies, which have been continued without change.

Acquisition

On February 14, 2025, the Company acquired Biolie SAS , a natural color extraction business located in France. The Company paid $ 4.9 million in cash for this acquisition, which is net of $ 0.2 million in debt assumed. The assets acquired and liabilities assumed were recorded at their estimated fair value as of the acquisition date. The Company acquired net assets of $ 0.3 million, with the remaining $ 4.6 million allocated to goodwill. This business is part of the Color segment.

Portfolio Optimization Plan

During the fourth quarter of 2023, the Board of Directors of the Company approved a plan to undertake an effort to optimize certain production facilities and improve efficiencies within the Company (Portfolio Optimization Plan). As part of the Portfolio Optimization Plan, in the Flavors & Extracts segment, the Company evaluated the closure of its manufacturing facility in Felinfach, Wales, United Kingdom, the closure of its sales office in Granada, Spain, and the centralization and elimination of certain selling and administrative positions. In addition, in the Color segment, the Company evaluated the closure of a manufacturing facility in Delta, British Columbia, Canada, the closure of a sales office in Argentina, and centralizing and eliminating certain production positions and selling and administrative positions. The Company reports all costs associated with the Portfolio Optimization Plan in the Corporate & Other segment.

The Company’s Felinfach site was shut down in May 2025, and all production activities have been transferred to other locations. The Company began marketing the Felinfach site for sale in June 2025. As a result, the Company met all of the assets held for sale criteria for the Felinfach land and building assets in June 2025. The Company sold the land and building assets in February 2026 for approximately $ 2.0 million, resulting in a $ 0.4 million gain recognized in Selling and Administrative Expenses on the Company’s Consolidated Statements of Earnings. There were no costs associated with the Portfolio Optimization Plan recognized during the three months ended March 31, 2026. The Company has completed all actions contemplated under the Portfolio Optimization Plan.

The total cost of the Portfolio Optimization Plan was approximately $ 50 million, primarily related to non-cash impairment charges and employee separation costs. We anticipate that the Portfolio Optimization Plan will reduce annual operating costs by approximately $ 8 million, with the full benefit expected to be achieved beginning in 2026. The Company reduced headcount by approximately 100 positions, primarily in the Flavors & Extracts and Color segments, related to certain production and selling and administrative positions.

The following table summarizes the Portfolio Optimization Plan expenses by segment for the three months ended March 31, 2025:

(In thousands)	Flavors & Extracts	Color	Consolidated
Non-cash charges – Cost of products sold	$ 855	$ -	$ 855
Employee separation – Selling and administrative expenses	246	8	254
Other production costs – Cost of products sold	959	-	959
Other costs – Selling and administrative expenses (1)	791	5	796
Total	$ 2,851	$ 13	$ 2,864

(1) Other costs include professional services and other related costs.

Trade Accounts Receivable

Trade accounts receivables are recorded at their face amount, less an allowance for expected losses on doubtful accounts. The allowance for doubtful accounts is calculated based on customer-specific analysis and an aging methodology using historical loss information. The Company believes historical loss information is a reasonable basis for expected credit losses as the Company’s historical credit loss experience correlates with its customer delinquency status. This information is also adjusted for any known current economic conditions. Forecasted economic conditions have not had a significant impact on the current credit loss estimate due to the short-term nature of the Company’s customer receivables; however, the Company will continue to monitor and evaluate the rapidly changing economic conditions. Additionally, as the Company only has one portfolio segment, there are not different risks between portfolios. Specific accounts are written off against the allowance for doubtful accounts when the receivable is deemed no longer collectible.

Index

The following table summarizes the changes in the allowance for doubtful accounts during the three-month periods ended March 31, 2026 and 2025:

| (In
thousands) Three Months Ended March 31, 2026 | Allowance for Doubtful Accounts | |
| --- | --- | --- |
| Balance at December 31, 2025 | $ 5,128 | |
| Provision for expected credit losses | 478 | |
| Accounts written off | ( 281 | ) |
| Translation and other activity | ( 6 | ) |
| Balance at March 31, 2026 | $ 5,319 | |

| (In
thousands) Three Months Ended March 31, 2025 | Allowance for Doubtful Accounts | |
| --- | --- | --- |
| Balance at December 31, 2024 | $ 5,023 | |
| Provision for expected credit losses | 354 | |
| Accounts written off | ( 291 | ) |
| Translation and other activity | 119 | |
| Balance at March 31, 2025 | $ 5,205 | |

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Inventories

At March 31, 2026, and December 31, 2025, inventories included finished and in-process products totaling $ 492.2 million and $ 491.4 million, respectively, and raw materials and supplies of $ 189.5 million and $ 186.8 million, respectively.

Debt

On March 27, 2026, the Company issued € 65 million of Euro-denominated senior notes under the Amended and Restated Consolidated Note Purchase and Master Note Agreement, maturing in March 2030 and bearing an interest rate of 4.00 % . The proceeds were used to repay a portion of the Company’s existing revolving credit facility.

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Fair Value

Accounting Standards Codification 820, Fair Value Measurement, defines fair value for financial assets and liabilities, establishes a framework for measuring fair value in GAAP, and expands disclosures about fair value measurements. The carrying values of the Company’s cash and cash equivalents, trade accounts receivable, trade accounts payable, accrued expenses, and short-term borrowings were approximately the same as the fair values as of March 31, 2026 and December 31, 2025. The net fair value of the forward exchange contracts based on current pricing obtained for comparable derivative products (Level 2 inputs) was an asset of $ 1.1 million and $ 0.3 million as of March 31, 2026 and December 31, 2025, respectively. The fair value of the Company’s long-term debt, including current maturities, is estimated using discounted cash flows based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements (Level 2 inputs). The carrying value of the long-term debt at March 31, 2026 and December 31, 2025, was $ 767.8 million and $ 709.5 million, respectively. The fair value of the long-term debt at March 31, 2026 and December 31, 2025, was $ 776.6 million and $ 720.9 million, respectively.

Segment Information

The Company evaluates performance based on operating income before share-based compensation (except for share-based compensation expense associated with stock grants to certain business unit leaders); restructuring and other charges, including Portfolio Optimization Plan costs; interest expense; and income taxes (segment operating income). Total revenue and segment operating income by business segment and geographic region include both sales to customers, as reported in the Company’s Consolidated Statements of Earnings, and intersegment sales, which are accounted for at prices that approximate market prices and are eliminated in consolidation. Assets by business segment and geographic region are those assets used in the Company’s operations in each segment and geographic region. Segment assets reflect the allocation of goodwill to each segment. Corporate & Other assets consist primarily of accounts receivables from the securitization program, investments, deferred tax assets, and fixed assets. The Company determines its operating segments based on information utilized by its chief operating decision maker (CODM) to allocate resources and assess performance. The Company’s CODM is the President and Chief Executive Officer. The CODM uses segment operating income or loss to allocate resources, which includes employees, financial, or capital resources, predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual and year-over-year variances on a monthly basis for segment operating income or loss when allocating capital and personnel resources to the segments. Segment performance is evaluated based on operating income of the respective business units before share-based compensation (except for share-based compensation expense associated with stock grants to certain business unit leaders), restructuring and other charges, including the Portfolio Optimization Plan costs, and other costs (which are reported in Corporate & Other), interest expense, and income taxes. The Company’s three reportable segments are the Flavors & Extracts and Color segments, which are both managed on a product line basis, and the Asia Pacific segment, which is managed on a geographic basis. The Company’s Flavors & Extracts segment produces flavor, extracts, and essential oils products that impart a desired taste, texture, aroma, or other characteristics to a broad range of consumer and other products. The Color segment produces natural and synthetic color systems for foods, beverages, pharmaceuticals, and nutraceuticals; colors, ingredients, and systems for personal care; and technical colors for industrial applications. The Asia Pacific segment is managed on a geographic basis and produces and distributes color, flavor, and essential oils products for the Asia Pacific countries. The Company’s corporate expenses, share-based compensation (except for share-based compensation expense associated with stock grants to certain business unit leaders), restructuring and other charges, including Portfolio Optimization Plan costs as further described in Note 3, Portfolio Optimization Plan , and certain other costs are included in the “Corporate & Other” category.

Index

Operating results by segment for the periods presented are as follows:

(In thousands)	Flavors & Extracts
Three months ended March 31, 2026 :
Total segment revenue	$ 201,825	$	198,176	$	45,255	$	-	$	445,256
Intersegment revenue	( 5,719	)	( 3,654	)	( 49	)	-		( 9,422	)
Consolidated revenue from external customers	196,106		194,522		45,206		-		435,834
Cost of products sold	141,935		115,903		25,308		-		283,146
Selling and administrative expense	27,421		36,554		8,718		13,267		85,960
Operating income (loss)	26,750		42,065		11,180		( 13,267	)	66,728
Interest expense									7,902
Earnings before income taxes								$	58,826
Assets	904,103		916,596		124,640		342,249		2,287,588
Capital expenditures	10,452		16,764		309		1,212		28,737
Depreciation and amortization	7,760		6,157		585		1,036		15,538
Three months ended March 31 , 2025 :
Total segment revenue	$ 193,681	$	167,750	$	41,901	$	-	$	403,332
Intersegment revenue	( 5,883	)	( 5,114	)	( 10	)	-		( 11,007	)
Consolidated revenue from external customers	187,798		162,636		41,891		-		392,325
Cost of products sold	137,934		96,437		24,363		1,814		260,548
Selling and administrative expense	24,875		31,347		8,086		13,939		78,247
Operating income (loss)	24,989		34,852		9,442		( 15,753	)	53,530
Interest expense									7,341
Earnings before income taxes								$	46,189
Assets	811,518		852,073		125,110		303,967		2,092,668
Capital expenditures	12,535		3,522		175		622		16,854
Depreciation and amortization	7,640		5,936		548		950		15,074

Index

Product Lines

| (In
thousands) | Flavors & Extracts | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Three
months ended March 31 , 2026 : | | | | | | | | |
| Flavors,
Extracts & Flavor Ingredients | $ 138,564 | $ | - | $ | - | $ | 138,564 | |
| Agricultural Ingredients | 63,261 | | - | | - | | 63,261 | |
| Food &
Pharmaceutical Colors | - | | 151,280 | | - | | 151,280 | |
| Personal
Care | - | | 46,896 | | - | | 46,896 | |
| Asia
Pacific | - | | - | | 45,255 | | 45,255 | |
| Intersegment

Revenue | ( 5,719 | ) | ( 3,654 | ) | ( 49 | ) | ( 9,422 | ) |
| Total
revenue from external customers | $ 196,106 | $ | 194,522 | $ | 45,206 | $ | 435,834 | |
| Three
months ended March 31 , 2025 : | | | | | | | | |
| Flavors,
Extracts & Flavor Ingredients | $ 130,181 | $ | - | $ | - | $ | 130,181 | |
| Agricultural Ingredients | 63,500 | | - | | - | | 63,500 | |
| Food &
Pharmaceutical Colors | - | | 124,600 | | - | | 124,600 | |
| Personal
Care | - | | 43,150 | | - | | 43,150 | |
| Asia
Pacific | - | | - | | 41,901 | | 41,901 | |
| Intersegment

Revenue | ( 5,883 | ) | ( 5,114 | ) | ( 10 | ) | ( 11,007 | ) |
| Total
revenue from external customers | $ 187,798 | $ | 162,636 | $ | 41,891 | $ | 392,325 | |

Geographic Markets

| (In
thousands) | Flavors & Extracts | Color | Asia Pacific | Consolidated |
| --- | --- | --- | --- | --- |
| Three months ended March 31 , 2026 : | | | | |
| North
America | $ 158,943 | $ 97,768 | $ 41 | $ 256,752 |
| Europe | 29,400 | 57,018 | 7 | 86,425 |
| Asia
Pacific | 2,819 | 20,951 | 43,178 | 66,948 |
| Other | 4,944 | 18,785 | 1,980 | 25,709 |
| Total
revenue from external customers | $ 196,106 | $ 194,522 | $ 45,206 | $ 435,834 |
| Three months ended March 31 , 2025 : | | | | |
| North
America | $ 149,627 | $ 78,669 | $ 1 | $ 228,297 |
| Europe | 28,157 | 47,723 | 22 | 75,902 |
| Asia
Pacific | 4,522 | 16,626 | 40,764 | 61,912 |
| Other | 5,492 | 19,618 | 1,104 | 26,214 |
| Total
revenue from external customers | $ 187,798 | $ 162,636 | $ 41,891 | $ 392,325 |

Retirement Plans

The Company’s components of annual benefit cost for the defined benefit plans for the periods presented are as follows:

(In thousands)	Three Months Ended March 31, — 2026	2025
Service cost	$ 313	$	369
Interest cost	444		444
Expected return on plan assets	( 278	)	( 265	)
Recognized actuarial gain	( 39	)	( 72	)
Total defined benefit expense	$ 440	$	476

The Company’s non-service cost portion of defined benefit expense is recorded in Interest Expense on the Company’s Consolidated Statements of Earnings. The Company’s service cost portion of defined benefit expense is recorded in Selling and Administrative Expenses on the Company’s Consolidated Statements of Earnings.

Derivative Instruments and Hedging Activity

The Company may use forward exchange contracts and foreign currency denominated debt to manage its exposure to foreign exchange risk in order to reduce the effect of fluctuating foreign currencies on short-term foreign currency denominated intercompany transactions, non-functional currency raw material purchases, non-functional currency sales, and other known foreign currency exposures. These forward exchange contracts generally have maturities of less than 18 months . The Company’s primary hedging activities and their accounting treatment are summarized below.

Forward exchange contracts – Certain forward exchange contracts have been designated as cash flow hedges. The Company had $ 57.5 million and $ 49.9 million of forward exchange contracts designated as cash flow hedges outstanding as of March 31, 2026 and December 31, 2025, respectively, which are recorded in Other Accrued Expenses on the Company’s Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025, respectively. For the three months ended March 31, 2026 and 2025, the amounts reclassified into net earnings in the Company’s Consolidated Statements of Earnings that offset the underlying transactions’ impact on earnings in the same period were no t material. In addition, the Company utilizes forward exchange contracts that are not designated as cash flow hedges. The results of these transactions were not material to the financial statements.

Net investment hedges – The Company has designated certain foreign currency denominated long-term borrowings as partial hedges of the Company’s foreign currency net asset positions. As of March 31, 2026 and December 31, 2025, the total value of the Company’s net investment hedges, which included Euro denominated long-term debt, was $ 304.4 million and $ 309.5 million, respectively. Changes in the fair value of this debt attributable to changes in the spot foreign exchange rate are recorded in foreign currency translation in Accumulated Other Comprehensive Loss (OCL). For the three months ended March 31, 2026 and 2025, the impact of foreign exchange rates on these debt instruments decreased debt by $ 5.1 million and increased debt by $ 12.8 million, respectively, which has been recorded as foreign currency translation in OCL.

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Income Taxes

The effective income tax rates for the three months ended March 31, 2026 and 2025 were 24.9 % and 25.4 % , respectively. The effective tax rates for the three months ended March 31, 2026 and 2025 were both impacted by changes in estimates associated with the finalization of prior year foreign tax items and the mix of foreign earnings.

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Accumulated Other Comprehensive Loss

The following table summarizes the changes in OCL during the three-month periods ended March 31, 2026 and 2025:

(In thousands) — Balances at December 31, 2025	Cash Flow Hedges (1) — $ 30	$	( 3,392	)	Foreign Currency Items — $ ( 166,891	)	Total — $ ( 170,253	)
Other comprehensive income (loss) before
reclassifications	1,047		-		( 4,137	)	( 3,090	)
Amounts reclassified from OCL	( 208	)	( 29	)	-		( 237	)
Balances at March 31, 2026	$ 869	$	( 3,421	)	$ ( 171,028	)	$ ( 173,580	)

(In thousands) — Balances at December 31, 2024	Cash Flow Hedges (1) — $ ( 310	)	Pension Items (1) — $ ( 2,348	)	Foreign Currency Items — $ ( 224,181	)	Total — $ ( 226,839	)
Other comprehensive income before reclassifications	1,008		-		14,200		15,208
Amounts reclassified from OCL	( 189	)	( 54	)	-		( 243	)
Balances at March 31, 2025	$ 509		$ ( 2,402	)	$ ( 209,981	)	$ ( 211,874	)

(1) Cash Flow Hedges and Pension Items are net of tax.

Commitments and Contingencies

The Company is subject to various claims and litigation arising in the normal course of business. The Company establishes reserves for claims and proceedings when it is probable that liabilities exist and reasonable estimates of loss can be made. While it is not possible to predict the outcome of these matters, based on our assessment of the facts and circumstances now known, we do not believe that these matters, individually or in the aggregate, will have a material adverse effect on our financial position. However, actual outcomes may be different from those expected and could have a material effect on our results of operations or cash flows in a particular period.

Subsequent Event

On April 23, 2026 , the Company announced its quarterly dividend of $ 0.41 per share would be payable on June 1, 2026 .

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements that reflect management’s current assumptions and estimates of future economic circumstances, industry conditions, Company performance, and financial results. Forward-looking statements include statements in the future tense, statements referring to any period after March 31, 2026, and statements including the terms “expect,” “believe,” “anticipate,” and other similar terms that express expectations as to future events or conditions. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for such forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that could cause actual events to differ materially from those expressed in the forward-looking statements. A variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results. These factors and assumptions include, among others, the Company’s ability to manage general business, economic, and capital market conditions, including actions taken by customers in response to such market conditions, and the impact of recessions and economic downturns; the impact of macroeconomic and geopolitical volatility, including inflation and shortages impacting the availability and cost of raw materials, energy, and other supplies, disruptions and delays in the Company’s supply chain, and the conflicts between Russia and Ukraine and in the Middle East; industry, regulatory, legal, and economic factors related to the Company’s domestic and international business; the effects of tariffs, trade barriers, and disputes; the availability and cost of labor, logistics, and transportation; the pace and nature of new product introductions by the Company and the Company’s customers; the Company’s ability to anticipate and respond to changing consumer preferences, changing technologies, and changing regulations; the Company’s ability to successfully implement its growth strategies; the outcome of the Company’s various productivity-improvement and cost-reduction efforts, acquisition and divestiture activities, and Portfolio Optimization Plan; growth in markets for products in which the Company competes; industry and customer acceptance of price increases; actions by competitors; the Company’s ability to enhance its innovation efforts and drive cost efficiencies; currency exchange rate fluctuations; and the matters discussed under Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Except to the extent required by applicable law, the Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

OVERVIEW

Revenue

Revenue was $435.8 million and $392.3 million for the three months ended March 31, 2026 and 2025, respectively. The increase in revenue was primarily due to higher volumes, the favorable impact of foreign exchange rates that increased revenue by approximately 4%, and favorable pricing.

Gross Margin

The Company’s gross margin was 35.0% and 33.6% for the three months ended March 31, 2026 and 2025, respectively. For the three months ended March 31, 2025, Portfolio Optimization Plan costs totaling $1.8 million decreased gross margin by 50 basis points. See Portfolio Optimization Plan below for further information. The Company’s gross margin was further impacted by the favorable pricing and higher volumes, partially offset by higher raw material costs.

Selling and Administrative Expenses

Selling and administrative expense as a percent of revenue was 19.7% and 19.9% for the three months ended March 31, 2026 and 2025, respectively. For the three months ended March 31, 2026, selling and administrative expenses were decreased by $0.4 million, or approximately 10 basis points as a percent of revenue, from the gain on the sale of the Felinfach land and building assets. For the three months ended March 31, 2025, selling and administrative expenses were increased by Portfolio Optimization Plan costs totaling $1.1 million, which increased selling and administrative expenses as a percent of revenue by approximately 20 basis points. See Portfolio Optimization Plan below for further information.

Operating Income

Operating income was $66.7 million and $53.5 million for the three months ended March 31, 2026 and 2025, respectively. Operating margins were 15.3% and 13.6% for the three months ended March 31, 2026 and 2025, respectively. Portfolio Optimization Plan costs decreased operating margins by approximately 80 basis points for the three months ended March 31, 2025. The increase in operating margin was primarily due to favorable pricing and higher volumes, partially offset by higher raw material costs and higher performance-based executive compensation costs incurred in 2026.

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Interest Expense

Interest expense was $7.9 million and $7.3 million for the three months ended March 31, 2026 and 2025, respectively. The increase in expense was primarily due to an increase in the average outstanding debt balance.

Income Taxes

The effective income tax rates for the three months ended March 31, 2026 and 2025 were 24.9% and 25.4%, respectively. The effective tax rates for the three months ended March 31, 2026 and 2025 were both impacted by changes in estimates associated with the finalization of prior year foreign tax items and the mix of foreign earnings.

Acquisition

On February 14, 2025, the Company acquired Biolie SAS , a natural color extraction business located in France. The Company paid $4.9 million in cash for this acquisition, which is net of $0.2 million in debt assumed. The assets acquired and liabilities assumed were recorded at their estimated fair value as of the acquisition date. The Company acquired net assets of $0.3 million, with the remaining $4.6 million allocated to goodwill. This business is part of the Color segment.

Portfolio Optimization Plan

The Company’s Felinfach site was shut down in May 2025, and all production activities have been transferred to other locations. The Company began marketing the Felinfach site for sale in June 2025. As a result, the Company met all of the assets held for sale criteria for the Felinfach land and building assets in June 2025, which have been recorded as the only balance in Fixed assets held for sale on the Company’s Consolidated Balance Sheet at December 31, 2025. The Company sold the land and building assets in February 2026 for approximately $2.0 million, resulting in a $0.4 million gain recognized in Selling and Administrative Expenses on the Company’s Consolidated Statements of Earnings. The Company has completed all actions contemplated under the Portfolio Optimization Plan.

For the three months ended March 31, 2025, the Company incurred costs of $2.9 million related to the Portfolio Optimization Plan recorded in Corporate & Other, primarily for dual plant operating costs, non-cash inventory charges, professional services, and employee separation costs. The Company did not incur any costs related to the Portfolio Optimization Plan for the three months ended March 31, 2026.

NON-GAAP FINANCIAL MEASURES

Within the following tables, the Company reports certain non-GAAP financial measures, including: (1) adjusted operating income, adjusted net earnings, and adjusted diluted earnings per share, which exclude restructuring and other costs, including the Portfolio Optimization Plan costs, (2) percentage changes in revenue, operating income, and diluted earnings per share on an adjusted local currency basis, which eliminate the effects that result from translating its international operations into U.S. dollars and restructuring and other costs, including the Portfolio Optimization Plan costs , and (3) adjusted EBITDA, which excludes restructuring and other costs, including the Portfolio Optimization Plan costs, and non-cash share based compensation expense .

The Company has included each of these non-GAAP measures in order to provide additional information regarding our underlying operating results and comparable year-over-year performance. Such information is supplemental to information presented in accordance with GAAP and is not intended to represent a presentation in accordance with GAAP. These non-GAAP measures should not be considered in isolation. Rather, they should be considered together with GAAP measures and the rest of the information included in this report. Management internally reviews each of these non-GAAP measures to evaluate performance on a comparative period-to-period basis and to gain additional insight into underlying operating and performance trends, and the Company believes the information can be beneficial to investors for the same purposes. These non-GAAP measures may not be comparable to similarly titled measures used by other companies.

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(In thousands except per share amounts)	Three Months Ended March 31, — 2026	2025	% Change
Operating Income (GAAP)	$ 66,728	$ 53,530	24.7 %
Portfolio Optimization Plan costs – Cost of products sold	-	1,814
Portfolio Optimization Plan costs – Selling and administrative expenses	-	1,050
Adjusted operating income	$ 66,728	$ 56,394	18.3 %
Net Earnings (GAAP)	$ 44,170	$ 34,462	28.2 %
Portfolio Optimization Plan costs, before tax	-	2,864
Tax impact of Portfolio Optimization Plan costs (1)	-	(702	)
Adjusted net earnings	$ 44,170	$ 36,624	20.6 %
Diluted Earnings Per Share (GAAP)	$ 1.04	$ 0.81	28.4 %
Portfolio Optimization Plan costs, net of tax	-	0.05
Adjusted diluted earnings per share	$ 1.04	$ 0.86	20.9 %
Operating Income (GAAP)	$ 66,728	$ 53,530	24.7 %
Depreciation and amortization	15,538	15,074
Share-based compensation expense	3,776	2,900
Portfolio Optimization Plan costs, before tax	-	2,864
Adjusted EBITDA	$ 86,042	$ 74,368	15.7 %

(1) Tax impact adjustments were determined based on the nature of the underlying non-GAAP adjustments and their relevant jurisdictional tax rates. Portfolio Optimization Plan costs are discussed under “Portfolio Optimization Plan” above and Note 3, Portfolio Optimization Plan, in the Notes to the Consolidated Financial Statements included in this report. Note: Earnings per share calculations may not foot due to rounding differences .

The following table summarizes the percentage change for the results of the three months ended March 31, 2026, compared to the results for the three months ended March 31, 2025, in the respective financial measures.

Total		Foreign Exchange Rates	Adjustments (1)		Local Currency Adjusted
Revenue
Flavors & Extracts	4.2	%	2.5 %	N/A		1.7 %
Color	18.1	%	5.8 %	N/A		12.3 %
Asia Pacific	8.0	%	3.3 %	N/A		4.7 %
Total Revenue	11.1	%	3.9 %	N/A		7.2 %
Operating Income
Flavors & Extracts	7.0	%	1.9 %	0.0	%	5.1 %
Color	20.7	%	7.5 %	0.0	%	13.2 %
Asia Pacific	18.4	%	3.9 %	0.0	%	14.5 %
Corporate & Other	(15.8	%)	0.0 %	(18.7	%)	2.9 %
Total Operating Income	24.7	%	6.5 %	6.0	%	12.2 %
Diluted Earnings per Share	28.4	%	7.4 %	7.0	%	14.0 %
Adjusted EBITDA	15.7	%	5.3 %	N/A		10.4 %

(1) Adjustments consist of Portfolio Optimization Plan costs.

Note: Refer to table above for a reconciliation of these non-GAAP measures.

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SEGMENT INFORMATION

The Company determines its operating segments based on information utilized by its chief operating decision maker to allocate resources and assess performance. Segment performance is evaluated on operating income before share-based compensation (except for share-based compensation expense associated with stock grants to certain business unit leaders), restructuring and other costs, including the Portfolio Optimization Plan costs, and other costs (which are reported in Corporate & Other), interest expense, and income taxes.

The Company’s reportable segments consist of the Flavors & Extracts, Color, and Asia Pacific segments.

Flavors & Extracts

Flavors & Extracts segment revenue was $201.8 million and $193.7 million for the three months ended March 31, 2026 and 2025, respectively, an increase of approximately 4%. The increase was primarily a result of higher revenue in Flavors, Extracts & Flavor Ingredients due to foreign exchange rates that increased segment revenue by approximately 3%, favorable pricing, and higher volumes.

Flavors & Extracts segment operating income was $26.8 million and $25.0 million for the three months ended March 31, 2026 and 2025, respectively, an increase of approximately 7%. The higher segment operating income was primarily a result of higher operating income in Flavors, Extracts & Flavor Ingredients, primarily due to higher selling prices and volumes, partially offset by higher manufacturing and other costs. Foreign exchange rates increased segment operating income by approximately 2%. Segment operating income as a percent of revenue was 13.3% in the current quarter compared to 12.9% in the prior year’s comparable quarter.

Color

Color segment revenue was $198.2 million and $167.8 million for the three months ended March 31, 2026 and 2025, respectively, an increase of approximately 18%. The increase was a result of higher revenue in Food & Pharmaceutical Colors and Personal Care. The higher revenue in Food & Pharmaceutical Colors was due to higher volumes, including higher volumes associated with natural colors conversion activity, higher selling prices, and the favorable impact of foreign exchange rates. The higher revenue in Personal Care was primarily due to the favorable impact of foreign exchange rates and higher selling prices. Foreign exchange rates increased segment revenue by approximately 6%.

Color segment operating income was $42.1 million and $34.9 million for the three months ended March 31, 2026 and 2025, respectively, an increase of approximately 21%. The higher segment operating income was primarily a result of higher operating income in Food & Pharmaceutical Colors, primarily due to higher volumes and selling prices and the favorable impact of foreign exchange rates that increased segment operating income by approximately 8%, partially offset by higher raw material costs and manufacturing and other costs. Segment operating income as a percent of revenue was 21.2% and 20.8% for the three months ended March 31, 2026 and 2025, respectively.

Asia Pacific

Asia Pacific segment revenue was $45.3 million and $41.9 million for the three months ended March 31, 2026 and 2025, respectively, an increase of approximately 8%. The increase was due to higher selling prices and volumes and the favorable impact of foreign exchange rates that increased segment revenue by approximately 3%.

Asia Pacific segment operating income was $11.2 million and $9.4 million for the three months ended March 31, 2026 and 2025, respectively, an increase of approximately 18%. The increase was primarily due to higher selling prices and the favorable impact of foreign exchange rates, which increased segment operating income by approximately 4%. Segment operating income as a percent of revenue was 24.7% in the current quarter and 22.5% in the prior year’s comparable quarter.

Corporate & Other

The Corporate & Other operating expense was $13.3 million and $15.8 million for the three months ended March 31, 2026 and 2025, respectively. The lower operating expense was primarily due to Portfolio Optimization Plan costs totaling $2.9 million in the three months ended March 31, 2025. See the Portfolio Optimization Plan section above for further information.

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LIQUIDITY AND FINANCIAL CONDITION

Financial Condition

The Company’s financial position remains strong. The Company is in compliance with its loan covenants calculated in accordance with applicable agreements as of March 31, 2026. The Company expects to increase its existing indebtedness in the short-term to further support the increased cash requirements for operations and capital expenditures associated with the natural colors conversion activity. In the long-term, the Company anticipates that its cash flow from operations and debt capacity can be used to meet anticipated future cash requirements for operations, capital expenditures, and dividend payments, as well as potential acquisitions and stock repurchases. The Company’s contractual obligations consist primarily of operational commitments, which we expect to continue to be able to satisfy through cash generated from operations, and debt. The Company has various series of notes outstanding that mature from 2026 through 2030. The Company believes that it has the ability to refinance or repay these obligations through a combination of cash flow from operations, issuance of additional notes, and sufficient borrowing capacity under the Company’s revolving credit facility, which matures in 2030.

As a result of our ability to manage the impact of inflation through pricing and other actions, the impact of inflation was not material to the Company’s financial position and its results of operations for the three months ended March 31, 2026. The Company has experienced increased costs for certain inputs, such as raw materials, energy, shipping and logistics, packaging, and labor-related costs. We continue to expect to manage these impacts in the near term, but persistent, accelerated, or expanded inflationary conditions, including any heightened inflationary pressures resulting from the conflict between the United States and Iran, could exacerbate these challenges and impact our profitability.

The United States implemented significant tariffs on imports from a wide range of countries in 2025. On February 20, 2026, the Supreme Court of the United States ruled the tariffs imposed by the United States in reliance on the International Emergency Economic Powers Act during 2025 were unconstitutional. On the same day, the Trump administration temporarily imposed 10% tariffs on imports from all countries for 150 days. On February 21, 2026, the Trump administration announced the tariff rate will be increased to 15%. These actions, and retaliatory tariffs imposed by other countries on United States exports, have led to significant volatility and uncertainty in global markets. The Company anticipates incurring incremental tariff costs on certain raw materials to produce our products and certain finished goods shipped to customers. However, the Company expects to manage the impact of the increased tariff costs through pricing actions. To the extent the Company is unable to offset the increased tariff costs, or the tariffs negatively impact demand, or other trade barriers are implemented, the Company’s revenue and profitability would be adversely impacted. If additional tariffs are adopted, the Company would incur additional tariff costs that could be material.

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted in the United States. The OBBBA includes a broad range of tax reform provisions, such as the extension of certain expiring provisions, modifications to the international tax framework, and the continuation of favorable tax treatment for certain business provisions. The legislation has multiple effective dates, with certain provisions implemented through 2027. These provisions did not have a material impact on our effective tax rate for the three months ended March 31, 2026. We will continue to assess the OBBBA tax provisions and their impacts on our consolidated financial statements.

Cash Flows from Operating Activities

Net cash used in operating activities was $13.6 million and $9.0 million for the three months ended March 31, 2026 and 2025, respectively. The increase in net cash used in operating activities was primarily due to an increase in cash used by inventory during 2026 compared to 2025 and a decrease in cash provided by accounts receivable.

Cash Flows from Investing Activities

Net cash used in investing activities was $26.9 million and $21.3 million during the three months ended March 31, 2026 and 2025, respectively. Capital expenditures were $28.7 million and $16.9 million during the three months ended March 31, 2026 and 2025, respectively. The Company received $2.0 million for the sale of the Felinfach land and building assets during the three months ended March 31, 2026. The Company paid $4.3 million for the acquisition of Biolie SAS during the three months ended March 31, 2025.

Cash Flows from Financing Activities

Net cash provided by financing activities was $42.4 million and $36.0 million for the three months ended March 31, 2026 and 2025, respectively. Net debt increased by $63.3 million and $55.7 million for the three months ended March 31, 2026 and 2025, respectively. For purposes of the cash flow statement, net changes in debt exclude the impact of foreign exchange rates. Dividends of $17.4 million were paid during both the three months ended March 31, 2026 and 2025. Dividends paid per share were $0.41 for both the three months ended March 31, 2026 and 2025.

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CRITICAL ACCOUNTING POLICIES

There have been no material changes in the Company’s critical accounting policies during the quarter ended March 31, 2026. For additional information about the Company’s critical accounting policies, refer to “Critical Accounting Policies” under Item 7 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There have been no material changes in the Company’s exposure to market risk during the quarter ended March 31, 2026. For additional information about market risk, refer to Part II, Item 7A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.

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ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures: The Company carried out an evaluation, under the supervision and with the participation of management, including the Company’s Chairman, President, and Chief Executive Officer and its Vice President and Chief Financial Officer, of the effectiveness, as of the end of the period covered by this report, of the design and operation of the disclosure controls and procedures, as defined in Rule 13a-15(e) of the Exchange Act. Based upon that evaluation, the Company’s Chairman, President, and Chief Executive Officer and its Vice President and Chief Financial Officer have concluded that the disclosure controls and procedures were effective as of the end of the period covered by this report.

Changes in Internal Control over Financial Reporting: There have been no changes in the Company’s internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) during the quarter ended March 31, 2026, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

PART II. OTHER INFORMATION

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ITEM 1. LEGAL PROCEEDINGS

See Part I, Item 1, Note 13, Commitments and Contingencies , of this report for information regarding legal proceedings in which the Company is involved.

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ITEM 1A. RISK FACTORS

There were no material changes to the risk factors previously disclosed in Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.

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ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On October 19, 2017, the Board of Directors authorized the repurchase of up to three million shares (2017 Authorization). As of March 31, 2026, 1,267,019 shares had been repurchased under the 2017 Authorization. There is no expiration date for the 2017 Authorization. The 2017 Authorization may be modified, suspended, or discontinued by the Board of Directors at any time. As of March 31, 2026, the maximum number of shares that may be purchased under publicly announced plans is 1,732,981. No shares were purchased by the Company during the three months ended March 31, 2026.

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ITEM 5. OTHER INFORMATION

During the three months ended March 31, 2026, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

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ITEM 6. EXHIBITS

The exhibits listed in the following Exhibit Index are filed as part of this Quarterly Report on Form 10-Q.

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SENSIENT TECHNOLOGIES CORPORATION

Anchor EXHIBIT INDEX

QUARTERLY REPORT ON FORM 10-Q

FOR THE QUARTER ENDED MARCH 31, 2026

Exhibit	Description	Filed Herewith
31	Certifications of the Company’s Chairman, President & Chief Executive Officer and Vice President & Chief Financial Officer pursuant to Rule 13a-14(a) of the Exchange Act	X
32	Certifications of the Company’s Chairman, President & Chief Executive Officer and Vice President & Chief Financial Officer pursuant to 18 United States Code § 1350	X
101.INS	Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)	X
101.SCH	Inline XBRL Taxonomy Extension Schema Document	X
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document	X
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document	X

101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document	X
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document	X
104	Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)	X

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Anchor SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

/s/ John J. Manning
John J. Manning, Senior Vice President, General Counsel & Secretary

Date:
Tobin Tornehl, Vice President & Chief Financial Officer

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