Sensient touts ‘strong’ balance sheet, aims to stay investment-grade

By Devika Patel

Knoxville, Tenn., Oct. 20 – Sensient Technologies Corp. plans to keep its investment-grade rating by keeping debt levels in check in order to retain its flexibility.

“Our balance sheet remains strong,” senior vice president and chief financial officer Stephen J. Rolfs said on the company’s third quarter earnings conference call on Friday.

“We plan to keep debt levels in line with an investment-grade profile to maintain the flexibility for capital expenditures, dividend payments, share repurchases and acquisitions,” he said.

Adjusted debt to adjusted EBITDA was 2.5x at the end of the quarter.

Sensient is a Milwaukee-based manufacturer and marketer of colors, flavors and fragrances.

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