# EDGAR Filing Document

**Accession Number:** 0000310142
**File Stem:** 0001140361-25-027250
**Filing Date:** 2025-7
**Character Count:** 48949
**Document Hash:** 2ce197bc01a69e300e53a37a74870e1b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-027250.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001140361-25-027250

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 42

**CONFORMED PERIOD OF REPORT**: 20250725

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SENSIENT TECHNOLOGIES CORP
- **CENTRAL INDEX KEY:** 0000310142
- **STANDARD INDUSTRIAL CLASSIFICATION:** INDUSTRIAL ORGANIC CHEMICALS [2860]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 390561070
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-07626
- **FILM NUMBER:** 251148542

**BUSINESS ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202-5304
- **BUSINESS PHONE:** 4142716755

**MAIL ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202-5304

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNIVERSAL FOODS CORP
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'?

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### UNITED STATES SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

#### July 25, 2025

#### (Date of Report/Date of earliest event reported)

## SENSIENT TECHNOLOGIES CORPORATION

#### (Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Wisconsin**<br>| **001-07626**<br>| **39-0561070**<br>|
| **(State or other jurisdiction of incorporation)** | **(Commission File Number)** | **(IRS Employer Identification No.)** |

---

#### 777 East Wisconsin Avenue

#### Milwaukee, Wisconsin 53202-5304

#### (Address and zip code of principal executive offices)
(414) 271-6755

#### (Registrant's telephone number, including area code)

#### N/A

#### (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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<br>| SXT<br>| New York Stock Exchange<br>|

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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. ☐

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| | |
|:---|:---|
| **Item 2.02** | **Results of Operations and Financial Condition.** |

---

Sensient Technologies Corporation (the "Company") issued a press release on July 25, 2025, disclosing its results of operations for its quarter ended June 30, 2025, and its financial condition at that date. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information contained in this Item 2.02 (including Exhibit 99.1) is intended to be furnished under Item 2.02 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act.

---

| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure.** |

---

On July 25, 2025, the Company also posted an updated investor presentation for its quarter ended June 30, 2025, on the "Investor Information" section of its website. A copy of the investor presentation is furnished as Exhibit 99.2 to this Current Report on Form 8-K.

The information contained in this Item 7.01 (including Exhibit 99.2) is intended to be furnished under Item 7.01 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits . The following exhibits are furnished with this Current Report
 on Form 8-K:

#### EXHIBIT INDEX

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| | |
|:---|:---|
| <u>Exhibit</u> <br> <u>Number</u> | <u>Description</u> |
| [99.1](ef20052538_ex99-1.htm) | Sensient Technologies Corporation Earnings Press Release for the Quarter Ended June 30, 2025. |
| [99.2](ef20052538_ex99-2.htm) | Sensient Technologies Corporation Investor Presentation – Q2 2025. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

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#### 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 hereunto duly authorized.

---

| | |
|:---|:---|
| **SENSIENT TECHNOLOGIES CORPORATION** | **SENSIENT TECHNOLOGIES CORPORATION** |
| By: | /s/ John J. Manning |
| Name: | John J. Manning |
| Title: | Senior Vice President, General Counsel, and Secretary |
| Date: | July 25, 2025 |

---

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## Exhibit 99.1

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**Exhibit 99.1**<br>

**** 

<br> ---

| | |
|:---|:---|
| ![](image00001.jpg) | **Contact:**<br> David Plautz<br> (414) 347-3706<br> investor.relations@sensient.com<br>|

---

#### Sensient Technologies Corporation

#### Reports Results for the Quarter Ended June 30, 2025

MILWAUKEE— July 25, 2025 — Sensient Technologies Corporation (NYSE: SXT), a leading provider of flavors and colors for the food, pharmaceutical, and personal care markets, today reported financial results for the second quarter ended June 30, 2025.

#### Second Quarter Consolidated Results

#### <br>
• Reported revenue increased 2.7% to $414.2 million in the second quarter of 2025 versus last year's second quarter results of $403.5 million. On a local currency basis<sup>(1)</sup>, revenue increased 2.1%.

• Reported operating income increased 16.2% to $57.7 million compared to $49.7 million recorded in the second quarter of 2024. In the second quarter of 2025, the Company recorded $3.3 million of costs related to its Portfolio Optimization Plan versus last year's $1.8 million in the second quarter. Local currency adjusted operating income<sup>(1)</sup> and local currency adjusted EBITDA<sup>(1)</sup> increased 16.9% and 14.1%, respectively, in the second quarter.

• Reported earnings per share increased 20.5% to 88 cents in the second quarter of 2025 compared to 73 cents in the second quarter of 2024. Local currency adjusted diluted EPS<sup>(1)</sup> increased 20.8% in the second quarter.

 *"Sensient continued to build on a strong first quarter. Our results are a testament to our relentless focus on customer service and innovation. I remain very confident about our performance in 2025 and beyond,"* said Paul Manning, Sensient's Chairman, President, and Chief Executive Officer.

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| | |
|:---|:---|
| **Sensient Technologies Corporation**  | **Page 2**  |
| **Earnings Release – Quarter Ended June 30, 2025<br> July 25, 2025<br>**  |  |

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#### Second Quarter Group Results

#### <br>

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Reported** | **Reported** | **Local Currency<sup>(1)</sup>** | **Local Currency<sup>(1)</sup>** |
| **Revenue** | **Quarter** | **Year-to-Date** | **Quarter** | **Year-to-Date** |
|  Flavors & Extracts | -2.8% | -1.3% | -3.2% | -0.9% |
|  Color | 6.9% | 5.9% | 6.6% | 7.4% |
|  Asia Pacific | 10.8% | 7.3% | 7.6% | 6.2% |
|  **Total Revenue** | 2.7<br>**%** | 2.3<br>**%** | 2.1<br>**%** | 3.1<br>**%** |

---

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Reported** | **Reported** | **Local Currency Adjusted<sup>(1)</sup>** | **Local Currency Adjusted<sup>(1)</sup>** |
| **Operating Income** | **Quarter** | **Year-to-Date** | **Quarter** | **Year-to-Date** |
|  Flavors & Extracts | 8.8% | 7.2% | 8.6% | 7.5% |
|  Color | 23.6% | 16.8% | 22.1% | 17.8% |
|  Asia Pacific | 13.5% | 10.4% | 8.0% | 7.5% |
|  **Total Operating Income** | 16.2<br>**%** | 12.3<br>**%** | 16.9<br>**%** | 13.6<br>**%** |

---

The Flavors & Extracts Group reported second quarter 2025 revenue of $203.3 million, a decrease of $6.0 million versus the prior year's second quarter. The Group's revenue was unfavorably impacted by lower volumes in natural ingredients, partially offset by higher volumes in our flavors, extracts, and flavor ingredients product lines. Segment operating income was $28.5 million in the second quarter of 2025, an increase of $2.3 million compared to the prior year's second quarter. The segment operating income increased despite the decline in segment revenues due to strong profitability of the flavors, extracts, and flavor ingredients product lines.

The Color Group reported revenue of $179.3 million in the second quarter of 2025, an increase of $11.6 million compared to the prior year's second quarter. The Group's revenue increase was driven by strong growth in the food and pharmaceutical product lines. Segment operating income was $38.9 million in the second quarter of 2025, an increase of $7.4 million compared to the prior year's second quarter results.

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| | |
|:---|:---|
| **Sensient Technologies Corporation**  | **Page 3**  |
| **Earnings Release – Quarter Ended June 30, 2025<br> July 25, 2025<br>**  |  |

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The Asia Pacific Group reported revenue of $42.7 million in the second quarter of 2025, an increase of $4.2 million compared to the prior year's second quarter. The Group's revenue increased across nearly all geographies. Segment operating income was $8.9 million in the quarter, an increase of $1.1 million compared to the prior year's second quarter.

Corporate & Other reported operating expenses of $18.7 million in the second quarter of 2025, compared to $15.9 million of operating expenses reported in the prior year's second quarter. The higher operating expenses were primarily due to higher Portfolio Optimization Plan costs in the quarter. Local currency adjusted operating expenses<sup>(1)</sup> for Corporate & Other increased $1.1 million compared to the prior year's second quarter, primarily due to higher performance-based compensation costs recorded in 2025.

#### 2025 OUTLOOK

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| | | |
|:---|:---|:---|
| **Metric** | **Current Guidance** | **Prior Guidance** |
| **Local Currency Revenue<sup>(1)</sup>** | **Mid-Single-Digit Growth** | Mid-Single-Digit Growth |
| **Local Currency Adjusted EBITDA<sup>(1)</sup>** | **High Single-Digit Growth** | Mid-Single-Digit to High Single-Digit Growth |
| **Diluted EPS (GAAP)** | **Between $3.13 and $3.23\*** | Between $3.13 and $3.23 |
| **Local Currency Adjusted Diluted EPS<sup>(1)</sup>** | **High Single-Digit to Double-Digit Growth** | High Single-Digit to Double-Digit Growth |

---

*\*Includes approximately 20 cents of Portfolio Optimization Plan costs. Based on current exchange rates, foreign currency impact is expected to be a slight tailwind for the year.*

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The Company's guidance is based on current conditions and economic and market trends in the markets in which the Company operates and is subject to various risks and uncertainties as described below.

<sup>(1)</sup> Please refer to "*Reconciliation of Non-GAAP Amounts*" at the end of this release for more information regarding our non-GAAP financial measures.

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| | |
|:---|:---|
| **Sensient Technologies Corporation**  | **Page 4**  |
| **Earnings Release – Quarter Ended June 30, 2025<br> July 25, 2025<br>**  |  |

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#### USE OF NON-GAAP FINANCIAL MEASURES

The Company's non-GAAP financial measures eliminate the impact of certain items, which, depending on the measure, include: currency movements, depreciation and amortization, Portfolio Optimization Plan costs, and non-cash share-based compensation. These measures are provided to enhance the overall understanding of the Company's performance when viewed together with the GAAP results. Refer to "*Reconciliation of Non-GAAP Amounts*" at the end of this release.

#### CONFERENCE CALL

The Company will host a conference call to discuss its 2025 second quarter financial results at 8:30 a.m. CDT on Friday, July 25, 2025. To participate in the conference call, contact Chorus Call Inc. at (844) 492-3726 or (412) 317-1078, and ask to join the Sensient Technologies Corporation conference call. Alternatively, the call can be accessed by using the webcast link that is available on the Investor Information section of the Company's web site at <u>www.sensient.com</u>.

A replay of the call will be available one hour after the end of the conference call through August 1, 2025, by calling (877) 344-7529 and using access code 2167989. An audio replay and written transcript of the call will also be posted on the Investor Information section of the Company's web site at <u>www.sensient.com</u> on or after July 29, 2025.

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| | |
|:---|:---|
| **Sensient Technologies Corporation**  | **Page 5**  |
| **Earnings Release – Quarter Ended June 30, 2025<br> July 25, 2025<br>**  |  |

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*This release contains statements that may constitute "forward-looking statements" within the meaning of Federal securities laws including in the quote from our Chairman, President, and Chief Executive Office and under "2025 Outlook" above. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors concerning the Company's operations and business environment. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements and that could adversely affect the Company's future financial performance include the following: 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 other factors included in "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and in other documents that the Company files with the SEC. The risks and uncertainties identified above are not the only risks the Company faces. Additional risks and uncertainties not presently known to the Company or that it currently believes to be immaterial also may adversely affect the Company. Should any known or unknown risks and uncertainties develop into actual events, these developments could have material adverse effects on our business, financial condition, and results of operations. This release contains time-sensitive information that reflects management's best analysis only as of the date of this release. Except to the extent required by applicable laws, 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 herein will not be realized.*

#### ABOUT SENSIENT TECHNOLOGIES

Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors, and other specialty ingredients. Sensient uses advanced technologies and robust global supply chain capabilities to develop specialized solutions for food and beverages, as well as products that serve the pharmaceutical, nutraceutical, and personal care industries. Sensient's customers range in size from small entrepreneurial businesses to major international manufacturers representing some of the world's best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.

<u>www.sensient.com<br></u> 

<br> - MORE -

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| | |
|:---|:---|
|  **Sensient Technologies Corporation** | **Page 6** |
| ***(In thousands, except percentages and per share amounts)***<br> (Unaudited) |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Statements of Earnings** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
|  | **2025** | **2024** | **% Change** | **2025** | **2024** | **% Change** |
|  Revenue | $414230 | $403525 | 2.7% | $806555 | $788195 | 2.3% |
|  Cost of products sold | 271398 | 272803 | (0.5%) | 531946 | 530924 | 0.2% |
|  Selling and administrative expenses | 85126 | 81065 | 5.0% | 163373 | 158208 | 3.3% |
|  Operating income | 57706 | 49657 | 16.2% | 111236 | 99063 | 12.3% |
|  Interest expense | 7391 | 7653 |  | 14732 | 14698 |  |
|  Earnings before income taxes | 50315 | 42004 |  | 96504 | 84365 |  |
|  Income taxes | 12728 | 11072 |  | 24455 | 22493 |  |
|  Net earnings | $37587 | $30932 | 21.5% | $72049 | $61872 | 16.4% |
|  Earnings per share of common stock: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Basic | $0.89 | $0.73 |  | $1.71 | $1.47 |  |
| &nbsp;&nbsp;&nbsp; Diluted | $0.88 | $0.73 |  | $1.69 | $1.46 |  |
|  Average common shares outstanding: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Basic | 42246 | 42154 |  | 42221 | 42129 |  |
| &nbsp;&nbsp;&nbsp; Diluted | 42575 | 42398 |  | 42522 | 42351 |  |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Results by Segment** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **<u>Revenue</u>** | **2025** | **2024** | **% Change** | **2025** | **2024** | **% Change** |
|  Flavors & Extracts | $203251 | $209213 | (2.8%) | $396932 | $402305 | (1.3%) |
|  Color | 179282 | 167700 | 6.9% | 347032 | 327725 | 5.9% |
|  Asia Pacific | 42744 | 38580 | 10.8% | 84645 | 78886 | 7.3% |
|  Intersegment elimination | (11047) | (11968) |  | (22054) | (20721) |  |
|  Consolidated | $414230 | $403525 | 2.7% | $806555 | $788195 | 2.3% |
|  **<u>Operating Income</u>** |  |  |  |  |  |  |
|  Flavors & Extracts | $28506 | $26209 | 8.8% | $53495 | $49887 | 7.2% |
|  Color | 38922 | 31502 | 23.6% | 73774 | 63181 | 16.8% |
|  Asia Pacific | 8943 | 7880 | 13.5% | 18385 | 16656 | 10.4% |
|  Corporate & Other | (18665) | (15934) |  | (34418) | (30661) |  |
|  Consolidated | $57706 | $49657 | 16.2% | $111236 | $99063 | 12.3% |

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| | |
|:---|:---|
|  **Sensient Technologies Corporation** | **Page 7** |
| ***(In thousands)***<br> (Unaudited) |  |

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| | | |
|:---|:---|:---|
| **Consolidated Condensed Balance Sheets** | **June 30,**<br> **2025**  | **December 31,**<br> **2024**  |
| Cash and cash equivalents | $56686 | $26626 |
| Trade accounts receivable | 333951 | 290087 |
| Inventories | 619595 | 600302 |
| Prepaid expenses and other current assets | 54221 | 44871 |
| Fixed assets held for sale | 1629 | - |
| &nbsp;&nbsp;&nbsp; Total Current Assets | 1066082 | 961886 |
| Goodwill & intangible assets (net) | 451942 | 423658 |
| Property, plant, and equipment (net) | 515469 | 491587 |
| Other assets | 171068 | 146663 |
| &nbsp;&nbsp;&nbsp; Total Assets | $2204561 | $2023794 |
| Trade accounts payable | $121442 | $139052 |
| Short-term borrowings | 26280 | 19848 |
| Other current liabilities | 103402 | 111739 |
| &nbsp;&nbsp;&nbsp; Total Current Liabilities | 251124 | 270639 |
| Long-term debt | 710119 | 613523 |
| Accrued employee and retiree benefits | 26865 | 24499 |
| Other liabilities | 59332 | 54147 |
| Shareholders' Equity | 1157121 | 1060986 |
| &nbsp;&nbsp;&nbsp; Total Liabilities and Shareholders' Equity | $2204561 | $2023794 |

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| | |
|:---|:---|
|  **Sensient Technologies Corporation** | **Page 8** |
| ***(In thousands, except per share amounts)***<br> (Unaudited) |  |

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| | | |
|:---|:---|:---|
| **Consolidated Statements of Cash Flows**<br> **Six Months Ended June 30,** | **2025** | **2024** |
|  Cash flows from operating activities: |  |  |
| &nbsp;&nbsp;&nbsp; Net earnings | $72049 | $61872 |
| &nbsp;&nbsp;&nbsp; Adjustments to arrive at net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 30334 | 29725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share-based compensation expense | 6639 | 4911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net loss (gain) on assets | 76 | (195) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio Optimization Plan costs | 1274 | 1495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred income taxes | 2711 | 529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade accounts receivable | (30293) | (49449) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories | (548) | 36730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses and other assets | (11028) | (6612) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade accounts payable and other accrued expenses | (17578) | (22722) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued salaries, wages, and withholdings | (15129) | 7824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income taxes | (937) | (6591) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | 1734 | 1429 |
|  Net cash provided by operating activities | 39304 | 58946 |
|  Cash flows from investing activities: |  |  |
| &nbsp;&nbsp;&nbsp; Acquisition of property, plant, and equipment | (38035) | (22850) |
| &nbsp;&nbsp;&nbsp; Proceeds from sale of assets | 56 | 296 |
| &nbsp;&nbsp;&nbsp; Acquisition of new business | (4867) | - |
| &nbsp;&nbsp;&nbsp; Other investing activities | 1354 | (336) |
|  Net cash used in investing activities | (41492) | (22890) |
|  Cash flows from financing activities: |  |  |
| &nbsp;&nbsp;&nbsp; Proceeds from additional borrowings | 106484 | 132189 |
| &nbsp;&nbsp;&nbsp; Debt payments | (43148) | (120571) |
| &nbsp;&nbsp;&nbsp; Dividends paid | (34700) | (34685) |
| &nbsp;&nbsp;&nbsp; Other financing activities | (2648) | (3016) |
|  Net cash provided by (used in) financing activities | 25988 | (26083) |
|  Effect of exchange rate changes on cash and cash equivalents | 6260 | (8568) |
|  Net increase in cash and cash equivalents | 30060 | 1405 |
|  Cash and cash equivalents at beginning of period | 26626 | 28934 |
|  Cash and cash equivalents at end of period | $56686 | $30339 |

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| | | |
|:---|:---|:---|
|  **Supplemental Information**<br> **Six Months Ended June 30,** | **2025** | **2024** |
|  Dividends paid per share | $0.82 | $0.82 |

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| | |
|:---|:---|
| **Sensient Technologies Corporation** | **Page 9** |
| ***(In thousands, except percentages and per share amounts)* <br> (Unaudited)**  |  |

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#### Reconciliation of Non-GAAP Amounts

#### <br>
The Company's results for the three and six months ended June 30, 2025 and 2024 include adjusted operating income, adjusted net earnings, and adjusted diluted earnings per share, which, in each case, exclude Portfolio Optimization Plan costs.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
|  | **2025** | **2024** | **% Change** | **2025** | **2024** | **% Change** |
|  **Operating income (GAAP)** | $**57706** | $**49657** | 16.2% | $**111236** | $**99063** | 12.3% |
| &nbsp;&nbsp;&nbsp; Portfolio Optimization Plan costs – Cost of products sold | 1789 | 207 |  | 3603 | 314 |  |
| &nbsp;&nbsp;&nbsp; Portfolio Optimization Plan costs – Selling and administrative |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; expenses | 1550 | 1545 |  | 2600 | 4250 |  |
|  **Adjusted operating income** | $**61045** | $**51409** | 18.7% | $**117439** | $**103627** | 13.3% |
|  **Net earnings (GAAP)** | $**37587** | $**30932** | 21.5% | $**72049** | $**61872** | 16.4% |
| &nbsp;&nbsp;&nbsp; Portfolio Optimization Plan costs, before tax | 3339 | 1752 |  | 6203 | 4564 |  |
| &nbsp;&nbsp;&nbsp; Tax impact of Portfolio Optimization Plan costs<sup>(1)</sup> | (815) | (214) |  | (1517) | (569) |  |
|  **Adjusted net earnings** | $**40111** | $**32470** | 23.5% | $**76735** | $**65867** | 16.5% |
|  **Diluted earnings per share (GAAP)** | $0.88 | $0.73 | 20.5% | $1.69 | $1.46 | 15.8% |
| &nbsp;&nbsp;&nbsp; Portfolio Optimization Plan costs, net of tax | 0.06 | 0.04 |  | 0.11 | 0.09 |  |
|  **Adjusted diluted earnings per share** | $0.94 | $0.77 | 22.1% | $1.80 | $1.56 | 15.4% |

---

*Note: Earnings per share calculations may not foot due to rounding differences.*

*<sup>(1)</sup> Tax impact adjustments were determined based on the nature of the underlying non-GAAP adjustments and their relevant jurisdictional tax rates.*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Results by Segment** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** |
| **<u>Operating Income</u>** | **2025** | **Adjustments<sup>(2)</sup>** | **Adjusted**<br> **2025** | **2024** | **Adjustments<sup>(2)</sup>** | **Adjusted**<br> **2024** |
|  Flavors & Extracts | $28506 | $- | $28506 | $26209 | $- | $26209 |
|  Color | 38922 | - | 38922 | 31502 | - | 31502 |
|  Asia Pacific | 8943 | - | 8943 | 7880 | - | 7880 |
|  Corporate & Other | (18665) | 3339 | (15326) | (15934) | 1752 | (14182) |
|  Consolidated | $57706 | $3339 | $61045 | $49657 | $1752 | $51409 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Results by Segment** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
|  |  |  | **Adjusted** |  |  | **Adjusted** |
| **<u>Operating Income</u>** | **2025** | **Adjustments<sup>(2)</sup>** | **2025** | **2024** | **Adjustments<sup>(2)</sup>** | **2024** |
|  Flavors & Extracts | $53495 | $- | $53495 | $49887 | $- | $49887 |
|  Color | 73774 | - | 73774 | 63181 | - | 63181 |
|  Asia Pacific | 18385 | - | 18385 | 16656 | - | 16656 |
|  Corporate & Other | (34418) | 6203 | (28215) | (30661) | 4564 | (26097) |
|  Consolidated | $111236 | $6203 | $117439 | $99063 | $4564 | $103627 |

---

*<sup>(2)</sup> Adjustments consist of Portfolio Optimization Plan costs.* 

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| | |
|:---|:---|
| **Sensient Technologies Corporation** | **Page 10** |
| (Unaudited) |  |

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**Reconciliation of Non-GAAP Amounts - Continued**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The following table summarizes the percentage change in the 2025 results compared to the 2024 results for the corresponding periods.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** |
| **Revenue** | **Total** | **Foreign** <br> **Exchange <br> Rates** | **Adjustments<sup>(3)</sup>** | **Local** <br> **Currency** <br> **Adjusted** |
| &nbsp;&nbsp;&nbsp; Flavors & Extracts | (2.8%) | 0.4% | N/A | (3.2%) |
| &nbsp;&nbsp;&nbsp; Color | 6.9% | 0.3% | N/A | 6.6% |
| &nbsp;&nbsp;&nbsp; Asia Pacific | 10.8% | 3.2% | N/A | 7.6% |
| **Total Revenue** | 2.7<br>**%** | 0.6<br>**%** | **N/A** | 2.1<br>**%** |
| **Operating Income** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Flavors & Extracts | 8.8% | 0.2% | 0.0% | 8.6% |
| &nbsp;&nbsp;&nbsp; Color | 23.6% | 1.5% | 0.0% | 22.1% |
| &nbsp;&nbsp;&nbsp; Asia Pacific | 13.5% | 5.5% | 0.0% | 8.0% |
| &nbsp;&nbsp;&nbsp; Corporate & Other | 17.1% | 0.0% | 9.0% | 8.1% |
| **Total Operating Income** | 16.2<br>**%** | 1.9<br>**%** | **(2.6**<br>**%)** | 16.9<br>**%** |
| **Diluted Earnings Per Share** | 20.5<br>**%** | 1.3<br>**%** | **(1.6**<br>**%)** | 20.8<br>**%** |
| **Adjusted EBITDA** | 15.4<br>**%** | 1.3<br>**%** | **N/A** | 14.1<br>**%** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Six Months Ended June 30, 2025** | **Six Months Ended June 30, 2025** | **Six Months Ended June 30, 2025** | **Six Months Ended June 30, 2025** |
| **Revenue** | **Total** | **Foreign** <br> **Exchange** <br> **Rates** | **Adjustments<sup>(3)</sup>** | **Local** <br> **Currency** <br> **Adjusted** |
| &nbsp;&nbsp;&nbsp; Flavors & Extracts | (1.3%) | (0.4%) | N/A | (0.9%) |
| &nbsp;&nbsp;&nbsp; Color | 5.9% | (1.5%) | N/A | 7.4% |
| &nbsp;&nbsp;&nbsp; Asia Pacific | 7.3% | 1.1% | N/A | 6.2% |
|  **Total Revenue** | 2.3<br>**%** | **(0.8**<br>**%)** | **N/A** | 3.1<br>**%** |
|  **Operating Income** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Flavors & Extracts | 7.2% | (0.3%) | 0.0% | 7.5% |
| &nbsp;&nbsp;&nbsp; Color | 16.8% | (1.0%) | 0.0% | 17.8% |
| &nbsp;&nbsp;&nbsp; Asia Pacific | 10.4% | 2.9% | 0.0% | 7.5% |
| &nbsp;&nbsp;&nbsp; Corporate & Other | 12.3% | 0.0% | 4.2% | 8.1% |
|  **Total Operating Income** | 12.3<br>**%** | **(0.3**<br>**%)** | **(1.0**<br>**%)** | 13.6<br>**%** |
|  **Diluted Earnings Per Share** | 15.8<br>**%** | 0.0<br>**%** | **(0.2**<br>**%)** | 16.0<br>**%** |
|  **Adjusted EBITDA** | 11.7<br>**%** | **(0.4**<br>**%)** | **N/A** | 12.1<br>**%** |

---

*<sup>(3)</sup> Adjustments consist of Portfolio Optimization Plan costs.*

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| | |
|:---|:---|
| **Sensient Technologies Corporation**  | **Page 11** |
| ***(In thousands, except percentages)*<br> (Unaudited)**  |  |

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#### Reconciliation of Non-GAAP Amounts - Continued

#### <br>
The following table summarizes the reconciliation between Operating Income (GAAP) and Adjusted EBITDA for the three and six months ended June 30, 2025 and 2024.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
|  | **2025** | **2024** | **% Change** | **2025** | **2024** | **% Change** |
|  **Operating income (GAAP)** | $57706 | $49657 | 16.2% | $111236 | $99063 | 12.3% |
| &nbsp;&nbsp;&nbsp; Depreciation and amortization | 15260 | 15016 |  | 30334 | 29725 |  |
| &nbsp;&nbsp;&nbsp; Share-based compensation expense | 3739 | 2916 |  | 6639 | 4911 |  |
| &nbsp;&nbsp;&nbsp; Portfolio Optimization Plan costs, before tax | 3339 | 1752 |  | 6203 | 4564 |  |
|  **Adjusted EBITDA** | $80044 | $69341 | 15.4% | $154412 | $138263 | 11.7% |

---

The following table summarizes the reconciliation between Debt (GAAP) and Net Debt, and Operating Income (GAAP) and Credit Adjusted EBITDA for the trailing twelve months ended June 30, 2025 and 2024.

---

| | | |
|:---|:---|:---|
|  | **June 30,** | **June 30,** |
| **Debt** | **2025** | **2024** |
| &nbsp;&nbsp;&nbsp; Short-term borrowings | $26280 | $26995 |
| &nbsp;&nbsp;&nbsp; Long-term debt | 710119 | 634663 |
| &nbsp;&nbsp;&nbsp; Credit Agreement adjustments<sup>(4)</sup> | (43393) | (18034) |
|  **Net Debt** | $693006 | $643624 |
|  **Operating income (GAAP)** | $203752 | $151657 |
| &nbsp;&nbsp;&nbsp; Depreciation and amortization | 60938 | 58955 |
| &nbsp;&nbsp;&nbsp; Share-based compensation expense | 11812 | 9078 |
| &nbsp;&nbsp;&nbsp; Portfolio Optimization Plan costs, before tax | 8270 | 32405 |
| &nbsp;&nbsp;&nbsp; Other non-operating gains<sup>(5)</sup> | (816) | (872) |
|  **Credit Adjusted EBITDA** | $283956 | $251223 |
| **Net Debt to Credit Adjusted EBITDA** | 2.4x | 2.6x |

---

*<sup>(4)</sup> Adjustments include cash and cash equivalents, as described in the Company's Fourth Amended and Restated Credit Agreement (Credit Agreement), and certain letters of credit and hedge contracts.*

*<sup>(5)</sup> Adjustments consist of certain financing transaction costs, certain non-financing interest items, and gains and losses related to certain non-cash, non-operating, and/or non-recurring items as described in the Credit Agreement.*

We have included each of these non-GAAP measures in order to provide additional information regarding our underlying operating results and comparable period-over-period 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 release and our SEC filings. 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 we believe 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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## Exhibit 99.2

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**Exhibit 99.2**<br>

![](ef20052538_ex99-2slide1.jpg)

Sensient Technologies Corporation Second Quarter 2025 Earnings Call July 25, 2025

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![](ef20052538_ex99-2slide2.jpg)

Non-GAAP Financial Measures Within this document, 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 and adjusted EBITDA Margin (which exclude 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. 2

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![](ef20052538_ex99-2slide3.jpg)

Forward Looking Statements This presentation contains statements that may constitute "forward-looking statements" within the meaning of Federal securities laws including under "2025 Financial Outlook", "Long-Term Outlook", and "Consolidated Full Year 2025 Outlook". Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors concerning the Company's operations and business environment. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements and that could adversely affect the Company's future financial performance include the following: 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 other factors included in "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and in other documents that the Company files with the SEC. The risks and uncertainties identified above are not the only risks the Company faces. Additional risks and uncertainties not presently known to the Company or that it currently believes to be immaterial also may adversely affect the Company. Should any known or unknown risks and uncertainties develop into actual events, these developments could have material adverse effects on our business, financial condition, and results of operations. This presentation contains time-sensitive information that reflects management's best analysis only as of the date of this presentation. Except to the extent required by applicable laws, 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 herein will not be realized. 3

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![](ef20052538_ex99-2slide4.jpg)

Quarterly Results and Business Update

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![](ef20052538_ex99-2slide5.jpg)

Q2 2025 Consolidated Results 5 (1) See appendix for our GAAP to Non-GAAP reconciliations.

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![](ef20052538_ex99-2slide6.jpg)

6 Revenue Strong growth in the quarter driven by new sales wins across the Group Operating Results Strong operating leverage in the quarter primarily due to volume growth Adjusted EBITDA Margin1 for the Group was 25.1% in Q2 2025, up 290 bps from Q2 2024 Color Group Performance Local Currency1 Results Commentary (1) See appendix for our GAAP to Non-GAAP reconciliations. (2) Represents outlook as of our earnings release provided on February 14, 2025, and does not constitute an update or reissuance as of any later date. (1) See appendix for our GAAP to Non-GAAP reconciliations.

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![](ef20052538_ex99-2slide7.jpg)

7 Revenue Strong growth within Flavors, Extracts, and Flavor Ingredients As previously discussed, lower demand in Natural Ingredients is anticipated to continue throughout 2025 Operating Results Operating leverage improved in the quarter due to growth within the Flavors, Extracts, and Flavor Ingredients business Adjusted EBITDA Margin1 for the Group was 17.8% in Q2 2025, up 160 bps from Q2 2024 Flavors & Extracts Group Performance Local Currency1 Results Commentary (1) See appendix for our GAAP to Non-GAAP reconciliations.

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![](ef20052538_ex99-2slide8.jpg)

8 Revenue Growth driven by new sales wins across the region Operating Results Growth driven by volume growth across most of the Group Adjusted EBITDA Margin1 for the Group was 22.3% in Q2 2025, up 30 bps from Q2 2024 Asia Pacific Group Performance Local Currency1 Results Commentary (1) See appendix for our GAAP to Non-GAAP reconciliations.

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![](ef20052538_ex99-2slide9.jpg)

9 Local Currency Revenue2 Growth rate of mid-single-digit Local Currency Adjusted EBITDA2 Growth rate of high single-digit Business Outlook1 Long-Term Outlook Local Currency Revenue2 Growth rate of mid-single-digit Local Currency Adjusted EBITDA2 Growth rate of high single-digit Local Currency Adjusted EPS2 Growth rate of high single-digit to double-digits Consolidated Full Year 2025 Outlook (1) Represents outlook as of our earnings release provided on July 25, 2025, and does not constitute an update or reissuance as of any later date. (2) See appendix for our GAAP to Non-GAAP reconciliations.

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![](ef20052538_ex99-2slide10.jpg)

Shifting regulatory environment provides opportunity 10 Current Synthetic Color Regulatory Actions – U.S. Food and Beverage\* Synthetic to Natural Color Conversion In the U.S., and selectively throughout Latin America, our synthetic colors revenue for the food and pharmaceutical market is approximately $110M Conversion from synthetic to natural can result in a conversion factor of nearly 10-to-1 Natural colors continue to grow above overall company mid-term outlook \*As of July 21, 2025

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![](ef20052538_ex99-2slide11.jpg)

Current State Regulatory Activity 11 Texas passed SB 25, requiring a warning label on products that contain synthetic dyes and certain other additives effective January 1, 2027 West Virginia passed HB 2354 that prohibits sale of foods with FD&C colors after January 1, 2028 112 Total color-related bills in 2025 58 Active bills that affect food color 6 Active bills prohibiting additives including FD&C dyes in a state STATE HAS ACTIVE COLOR-RELATEDLEGISLATION STATE HAS PASSED OR ADOPTED COLOR-RELATED LEGISLATION STATE HAS INACTIVECOLOR-RELATEDLEGISLATION STATE HAS NO COLOR-RELATED LEGISLATION Some major consumer packaged food companies have made the decision to proactively announce their intention to fully convert by 2027 Major retailers cannot accommodate state-by-state differences in assortment

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![](ef20052538_ex99-2slide12.jpg)

2025 Natural Color Highlights 12 Natural colors specifically created to perform in oil-based, topical, and dry mix applications Ideal for: Processed foods Dry-mixed beverages Confection Other powdered food applications Fat-based systems Baking Coats dry products without the use of high-shear blending or spray-drying Extensive shade range from bright red to cool blue Prevents clumping and helps with color incorporation Natural Blue heat stable solution Ideal for: Beverage – Alcoholic and non-alcoholic Confection – Hard and soft candies and coatings Dairy & Plant-Based – Yogurt, frozen desserts, and drinks Exceptionally heat and light stable Water soluble Liquid and powder forms Kosher, Halal, GMO-free

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![](ef20052538_ex99-2slide13.jpg)

Financial Update andOutlook

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![](ef20052538_ex99-2slide14.jpg)

Q2 2025 Financial Review 14 (dollars in thousands) Q2 2024 Q2 2025 Local Currency Growth1 Revenue $403,525 $414,230 +2.1% Operating Income (GAAP) Operating Margin $49,657 12.3% $57,706 13.9% Adjusted Operating Income1 Adjusted Operating Margin1 $51,409 12.7% $61,045 14.7% +16.9% Diluted EPS (GAAP) $0.73 $0.88 Adjusted Diluted EPS1 $0.77 $0.94 +20.8% Adjusted EBITDA1 Adjusted EBITDA Margin1 $69,341 17.2% $80,044 19.3% +14.1% Consolidated Commentary: Local currency revenue1 increased 2.1% Q2 2025 results included $3.3 million of Portfolio Optimization Plan costs (approximately 6 cents per share) Adjusted EBITDA Margin1 improved 210 bps in the quarter due to strong volume growth (1) See appendix for our GAAP to Non-GAAP reconciliations.

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![](ef20052538_ex99-2slide15.jpg)

2025 Cash Flow and Debt Metrics 15 Q2 2024 QTD Q2 2025 QTD Cash Flow from Operations $43.8 million $48.3 million Capital Expenditures $11.8 million $21.2 million Total Debt $661.7 million $736.4 million Net debt to credit adjusted EBITDA1 2.6x 2.4x Commentary: Cash flow from operating activities was $48.3 million in Q2 2025, which was up 10.2% compared to Q2 2024 due to improved earnings and working capital management Net debt to credit adjusted EBITDA1 was 2.4x in Q2 2025, down from 2.6x in Q2 2024 (1) See appendix for our GAAP to Non-GAAP reconciliations.

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![](ef20052538_ex99-2slide16.jpg)

2025 Financial Outlook1 16 Metric Current Guidance Prior Guidance Local Currency Revenue2 Mid-single-digit growth Mid-single-digit growth Local Currency Adjusted EBITDA2 High single-digit growth Mid-to high single-digit growth Diluted EPS (GAAP)3 $3.13 to $3.23 $3.13 to $3.23 Local Currency Adjusted Diluted EPS2 High single-digit to double-digit growth High single-digit to double-digit growth Capital Expenditures ~ $100 million $80 to $90 million Adjusted Effective Tax Rate ~ 25% ~ 25.5% Interest Expense4 Slight Increase over prior year Slight Increase over prior year (1) Represents outlook as of our earnings release provided on July 25, 2025, and does not constitute an update or reissuance as of any later date. (2) See appendix for our GAAP to Non-GAAP reconciliations. (3) Diluted EPS (GAAP) includes approximately $0.20/share of Portfolio Optimization Plan costs. Total plan costs are expected to be approximately $45M. (4) Interest expense assumes no additional USD borrowing rate reductions for 2025.

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![](ef20052538_ex99-2slide17.jpg)

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![](ef20052538_ex99-2slide18.jpg)

Appendix1 (1) Amounts in thousands, except percentages and per share amounts.

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![](ef20052538_ex99-2slide19.jpg)

Non-GAAP Financial Measures 19

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![](ef20052538_ex99-2slide20.jpg)

Non-GAAP Financial Measures 20

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![](ef20052538_ex99-2slide21.jpg)

Non-GAAP Financial Measures 21

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![](ef20052538_ex99-2slide22.jpg)

Non-GAAP Financial Measures 22

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![](ef20052538_ex99-2slide23.jpg)

Non-GAAP Financial Measures 23

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![](ef20052538_ex99-2slide24.jpg)

Non-GAAP Financial Measures 24

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![](ef20052538_ex99-2slide25.jpg)

Non-GAAP Financial Measures 25

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![](ef20052538_ex99-2slide26.jpg)

Non-GAAP Financial Measures 26

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![](ef20052538_ex99-2slide27.jpg)

Non-GAAP Financial Measures 27

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