Name: SENSIENT TECHNOLOGIES CORP Segments Disclosure
Creator: SENSIENT TECHNOLOGIES CORP
License: https://creativecommons.org/publicdomain/mark/1.0/

12. Segment and Geographic Information

The accounting policies of the segments are the same as those described in the summary of significant accounting policies. 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 the 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.

During 2025, the Company changed the name of its Natural Ingredients product line to Agricultural Ingredients within the Flavors & Extracts segment to clearly distinguish it from the natural color activities within the Food & Pharmaceutical Colors product line within the Color segment.

Segment Information

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 Chairman, 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 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 three reportable segments are 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 characteristic 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 the Portfolio Optimization Plan costs as further described in Note 14, Portfolio Optimization Plan, and certain other costs are included in the “Corporate & Other” category.

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Corporate & Other			Total
2025:
Total segment revenue	$	786,943		$	700,595		$	168,156		$	—		$	1,655,694
Intersegment revenue		(23,059	)		(20,226	)		(298	)		—			(43,583	)
Consolidated revenue from external customers		763,884			680,369			167,858			—			1,612,111
Cost of products sold		560,639			406,632			98,009			7,531			1,072,811
Selling and administrative expenses		102,504			132,458			33,227			63,983			332,172
Segment operating income (loss)		100,741			141,279			36,622			(71,514	)		207,128
Interest expense														29,581
Earnings before income taxes													$	177,547

Assets		907,127			894,806			128,102			314,102			2,244,137
Capital expenditures		48,057			32,552			2,674			6,126			89,409
Depreciation and amortization		30,347			24,598			2,302			3,851			61,098

2024:
Total segment revenue	$	793,698		$	647,939		$	162,525		$	—		$	1,604,162
Intersegment revenue		(28,175	)		(18,648	)		(111	)		—			(46,934	)
Consolidated revenue from external customers		765,523			629,291			162,414			—			1,557,228
Cost of products sold		565,486			387,364			95,923			1,362			1,050,135
Selling and administrative expenses		102,943			122,398			32,033			58,140			315,514
Segment operating income (loss)		97,094			119,529			34,458			(59,502	)		191,579
Interest expense														28,781
Earnings before income taxes													$	162,798

Assets		802,177			819,380			116,817			285,420			2,023,794
Capital expenditures		29,237			21,722			2,375			5,878			59,212
Depreciation and amortization		30,437			23,417			2,472			4,003			60,329

2023:
Total segment revenue	$	741,072		$	607,959		$	146,090		$	—		$	1,495,121
Intersegment revenue		(25,023	)		(13,643	)		(5	)		—			(38,671	)
Consolidated revenue from external customers		716,049			594,316			146,085			—			1,456,450
Cost of products sold		530,769			376,512			85,737			3,135			996,153
Selling and administrative expenses		97,507			112,434			29,548			65,785			305,274
Segment operating income (loss)		87,773			105,370			30,800			(68,920	)		155,023
Interest expense														25,172
Earnings before income taxes													$	129,851

Assets		792,674			846,559			112,335			262,939			2,014,507
Capital expenditures		40,489			37,720			2,923			6,736			87,868
Depreciation and amortization		29,400			22,294			2,548			3,578			57,820

Geographic Information

The Company has manufacturing facilities or sales offices in North America, Europe, Asia, Australia, South America, and Africa.

The Company’s annual revenue summarized by geographic location is as follows:

(In thousands)	Flavors & Extracts		Color		Asia Pacific		Corporate & Other		Consolidated
2025:
Revenue from external customers:
North America	$	602,252	$	332,975	$	56	$	—	$	935,283
Europe		118,566		196,189		53		—		314,808
Asia Pacific		17,806		66,343		163,386		—		247,535
Other		25,260		84,862		4,363		—		114,485
Total revenue from external customers	$	763,884	$	680,369	$	167,858	$	—	$	1,612,111
Long-lived assets:
North America	$	323,284	$	286,871	$	—	$	145,996	$	756,151
Europe		80,200		262,984		—		26		343,210
Asia Pacific		—		3,924		31,056		—		34,980
Other		584		27,764		—		—		28,348
Total long-lived assets	$	404,068	$	581,543	$	31,056	$	146,022	$	1,162,689

2024:
Revenue from external customers:
North America	$	597,046	$	313,180	$	100	$	—	$	910,326
Europe		124,257		169,185		149		—		293,591
Asia Pacific		17,878		64,600		156,243		—		238,721
Other		26,342		82,326		5,922		—		114,590
Total revenue from external customers	$	765,523	$	629,291	$	162,414	$	—	$	1,557,228
Long-lived assets:
North America	$	296,479	$	272,418	$	—	$	124,917	$	693,814
Europe		78,041		231,961		—		23		310,025
Asia Pacific		—		3,655		29,317		—		32,972
Other		764		24,333		—		—		25,097
Total long-lived assets	$	375,284	$	532,367	$	29,317	$	124,940	$	1,061,908

2023:
Revenue from external customers:
North America	$	553,790	$	304,995	$	125	$	—	$	858,910
Europe		113,757		162,644		236		—		276,637
Asia Pacific		21,382		58,003		142,281		—		221,666
Other		27,120		68,674		3,443		—		99,237
Total revenue from external customers	$	716,049	$	594,316	$	146,085	$	—	$	1,456,450
Long-lived assets:
North America	$	297,615	$	277,730	$	—	$	114,995	$	690,340
Europe		82,938		244,587		—		24		327,549
Asia Pacific		8		4,199		30,473		—		34,680
Other		241		25,081		—		—		25,322
Total long-lived assets	$	380,802	$	551,597	$	30,473	$	115,019	$	1,077,891

Sales in the United States, based on the final country of destination of the Company’s products, were $781.9 million, $761.2 million, and $707.1 million, in 2025, 2024, and 2023, respectively. No other country of destination exceeded 10% of consolidated sales. Total long-lived assets in the United States amounted to $660.7 million, $612.7 million, and $603.2 million, at December 31, 2025, 2024, and 2023, respectively.

Product Information

The Company’s revenue summarized by product portfolio is as follows:

(In thousands)	Flavors & Extracts			Color			Asia Pacific			Consolidated
2025:
Flavors, Extracts & Flavor Ingredients	$	528,770		$	—		$	—		$	528,770
Agricultural Ingredients		258,173			—			—			258,173
Food & Pharmaceutical Colors		—			529,471			—			529,471
Personal Care		—			171,124			—			171,124
Asia Pacific		—			—			168,156			168,156
Intersegment Revenue		(23,059	)		(20,226	)		(298	)		(43,583	)
Total revenue from external customers	$	763,884		$	680,369		$	167,858		$	1,612,111

2024:
Flavors, Extracts & Flavor Ingredients	$	508,052		$	—		$	—		$	508,052
Agricultural Ingredients		285,646			—			—			285,646
Food & Pharmaceutical Colors		—			481,141			—			481,141
Personal Care		—			166,798			—			166,798
Asia Pacific		—			—			162,525			162,525
Intersegment Revenue		(28,175	)		(18,648	)		(111	)		(46,934	)
Total revenue from external customers	$	765,523		$	629,291		$	162,414		$	1,557,228

2023:
Flavors, Extracts & Flavor Ingredients	$	496,036		$	—		$	—		$	496,036
Agricultural Ingredients		245,036			—			—			245,036
Food & Pharmaceutical Colors		—			452,204			—			452,204
Personal Care		—			155,755			—			155,755
Asia Pacific		—			—			146,090			146,090
Intersegment Revenue		(25,023	)		(13,643	)		(5	)		(38,671	)
Total revenue from external customers	$	716,049		$	594,316		$	146,085		$	1,456,450

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Historical Timeline

Fiscal Year	Filed
2025	Feb 13, 2026	Showing above
2017	Feb 23, 2018

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

SENSIENT TECHNOLOGIES CORP Segments Disclosure

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