
Hunting PLC ('Hunting' or 'the Company' or 'the Group') H1 2025 Trading Update, Increased Targeted Annual Dividends and Share Buyback Programme of up to $40 million
Highlights
Good year-on-year growth in EBITDA to c.$68-$70 million in H1 2025, up c.16% from H1 2024, led by a robust contribution from the OCTG product group.
EBITDA margin of c.13% generated in the period.
Total cash and bank / (borrowings) of c.$79 million as at 30 June 2025, with significant additional liquidity available via the Group's credit facilities to fund growth.
Period-end sales order book of c.$450 million, ahead of Q1 2025 position of $439 million, with a tender pipeline of c.$1.1 billion.
$38 million of new orders secured for the Group's titanium stress joints in the Gulf of Mexico and new plug and abandonment and field decommissioning projects in the North Sea.
Net acquisition spend of c.$69 million after purchase of Flexible Engineered Solutions (Group) Holdings Limited ('FES') and Organic Oil Recovery ('OOR') technology and disposal of the Rival Downhole Tools investment.
Ongoing restructuring of EMEA operating segment to save annualised costs of c.$10 million.
Targeted annual dividend increase raised from 10% to 13%.
Share Buyback programme of up to $40 million scheduled to commence following publication of the 2025 half year results, with the intention to complete over next 12 months.
2025 full year EBITDA guidance of c.$135-$145 million retained. Targeted year-end total cash and bank / (borrowings) position of c.$65-$75 million.
Jim Johnson, Chief Executive of Hunting, commented:
"Hunting has taken a significant step forward in the execution of its 2030 Strategy, with the completion of two acquisitions, which will accelerate growth in revenue and EBITDA to the end of the decade. Both FES and OOR demonstrate strong margin profiles, well in excess of the Group's long-range stated target of 15%.
'Our sales order book supports the robust outlook for the Group while our success within our Subsea product group in the Gulf of Mexico and North Sea confirms our strategy of pivoting our sales profile to longer cycle, more stable revenue opportunities.
'The first half of 2025 has seen strong trading for the Group. Hunting's robust cash generation and significant financial flexibility enables us to commence a Share Buyback and increase our targeted annual dividend distributions. We also continue to actively monitor further bolt-on M&A opportunities.'
Trading Update
Delivery of Hunting 2030 Strategy
Hunting completed two acquisitions in the period, which will accelerate growth, generate higher cash flows, and improve capital returns going forward. The acquisition of FES, announced on 24 June 2025, for a consideration of $63 million, after closing adjustments, and the acquisition of the OOR technology from its founding shareholders on 7 March 2025, for a consideration of $18 million, are key milestones in the delivery of the Hunting 2030 Strategy. Hunting also disposed of its interest in Rival Downhole Tools in March 2025 for $12 million. Acquisition costs of c.$3 million have been incurred in the period and will be recorded as a one-off adjusting item in the 2025 half year results.
During the period, the Group announced strong progress in expanding its regional and end-user presence for its titanium stress joint offering. The Subsea Spring business secured a new order from BP in the Gulf of Mexico, which represents a new blue-chip client for Hunting for this product. In addition, the Group's Enpro Subsea business secured a field decommissioning order for its Flow Access Module in the North Sea.
In January 2025, the Group announced a material restructuring and cost reduction programme across its EMEA operating segment to save at least $10 million per annum. Hunting is in the process of closing its operating sites in the Netherlands and Norway and transferring assets to Indonesia, Saudi Arabia, the UAE and the UK, while retaining a sales presence in Norway. A restructuring charge of c.$9 million will be recorded as a one-off adjusting item in the Group's 2025 half year results.
Product groups
In the period, the Group's OCTG product group traded ahead of management's expectations, as stronger margins were delivered through the final four shipments of OCTG and premium connections to Kuwait Oil Company ('KOC'). These are in addition to strong bookings received within Hunting's North America OCTG business, as demand for high-torque, longer lateral well completions was reported.
Despite the softening in the North American onshore market, the Perforating Systems product group returned to profitability in the period as the impact of the recent restructuring and the focus on improving production variances, including a higher level of cost overhead absorption for certain product lines being delivered, led to the improved performance.
Hunting's Subsea product group's performance is expected to be second-half weighted, with a number of planned deliveries in H2 2025, alongside the contribution from FES.
The Advanced Manufacturing product group reported performance marginally behind plan as slower MWD/LWD component sales were partially offset by more robust non-oil and gas sales.
Overall, the outlook for all product groups remains solid with opportunities for growth in all of Hunting's key operating regions, despite the market volatility seen in the first half of the year.
Operating segments
In respect of the Group's reported operating segments, results have overall been in line with expectations, with North America and Asia Pacific ahead of expectations and EMEA and Subsea Technologies marginally behind plan.
The restructuring of the EMEA operating segment will be completed by the end of Q3 2025, with a neutral EBITDA being projected for the operating segment for the full year.
Sales order book and tender pipeline
Although there was significant market volatility during the quarter, the Group reports a period-end sales order book of c.$450 million, which is ahead of the Q1 2025 position of $439 million, as new OCTG, Subsea and Advanced Manufacturing orders were secured.
With the acquisition of FES, coupled with potential orders for OCTG across the Group's international footprint, the Group's tender pipeline remains extremely strong at c.$1.1 billion.
2025 full year guidance
Based on these trading results, the Directors remain comfortable with full year EBITDA guidance of c.$135-$145 million, in line with market expectations. Year-end total cash and bank / (borrowings) position is expected to be c.$65-$75 million, before the proposed Share Buyback and any other possible M&A.
Proposed Share Buyback Programme (the 'Share Buyback') 1
The Directors regularly review the Group's cash performance and ongoing capital requirements within the capital allocation framework. The Board concluded that it is currently appropriate to undertake a capital return of up to $40 million (excluding stamp duty and expenses) through a Share Buyback.
Hunting will retain sufficient financial flexibility to continue investing in its strategy to deliver sustainable growth and attractive returns.
The Directors reserve the right to pause or stop the Share Buyback if a compelling acquisition opportunity or strategic capital investment is approved by the Directors and is considered to be in the best interests of shareholders.
Any shares purchased by the Company pursuant to the Share Buyback programme will be cancelled and the Company's share capital will be reduced accordingly.
Hunting proposes to commence the Share Buyback on Thursday 28 August 2025 when it publishes its 2025 half year results and exits its current close period. The Directors anticipate that the Share Buyback, if implemented in full, will take up to 12 months to complete.
A further announcement concerning the Share Buyback programme will be made upon its commencement.
Dividend
The Directors continue to believe that a clear annual dividend policy is a key element of the Hunting investment case.
At the September 2023 Capital Markets Day ('CMD'), Hunting announced its long-term dividend policy, whereby total dividend distributions would increase at a minimum rate of 10% annually to 2030.
Reflecting the Company's strong cash generation since the CMD and pivot to longer cycle sales, the Directors have decided to raise the targeted annual increase in dividends to 13% following the capital allocation policy review.
Other Capital Allocation Considerations
The Directors re-affirm the Board's capital allocation policy whereby the Company will continue to invest in the Group's core operations with organic capital investment remaining broadly in line with the Group's depreciation to the end of the decade.
Further, the Directors continue to pursue bolt-on acquisitions in areas including subsea technologies, intelligent well completions and non-oil and gas, all of which form the basis of the Hunting 2030 Strategy.
Investor Meet Company Webcast
Hunting's management will provide a live presentation via the Investor Meet Company platform today commencing at 2:00p.m. (UK) / 8:00a.m. (CST). The presentation is open to all existing and potential shareholders. Questions can be submitted via the Investor Meet Company webcast during the live presentation. Investors can sign up to Investor Meet Company free and add to meet Hunting PLC at:
https://www.investormeetcompany.com/hunting-plc/register-investor
Investors who already follow Hunting on the Investor Meet Company platform will automatically be invited.
2025 Half Year Results
Hunting PLC will announce its 2025 half year results on Thursday 28 August 2025.
About Hunting PLC
Hunting is a global, precision engineering group that provides precision-manufactured equipment and premium services, which add value for our customers. Established in 1874, it is a listed public company, quoted on the London Stock Exchange in the Equity Shares in Commercial Companies ('ESCC') category. The Company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the Company has operations in China, India, Indonesia, Mexico, Netherlands, Norway, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.
The Group reports in US dollars across five operating segments: Hunting Titan; North America; Subsea Technologies; Europe, Middle East and Africa ('EMEA'); and Asia Pacific.
The Group also reports revenue and EBITDA financial metrics based on five product groups: OCTG; Perforating Systems; Subsea; Advanced Manufacturing; and Other Manufacturing.
Hunting PLC's Legal Entity Identifier is 2138008S5FL78ITZRN66.
Inside information
The information contained within this announcement is considered by Hunting to constitute inside information as stipulated under the Market Abuse Regulation (EU) No.596/2014 (as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018). On the publication of this announcement via a Regulatory Information Service, such information is now considered to be in the public domain.
This announcement contains inside information. The person responsible for this announcement at Hunting is Ben Willey, Company Secretary.
Note
A resolution, which gives the Directors authority to execute a share buyback, was approved at the Company's Annual General Meeting ('AGM') in April 2025. Further information in relation to the resolution can be found with the 2025 Notice of AGM at www.huntingplc.com.

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MILWAUKEE--(BUSINESS WIRE)--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 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 (1), 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 (1) and local currency adjusted EBITDA (1) 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 (1) 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. 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. 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 (1) 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 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. 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 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 on or after July 29, 2025. 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. 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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. Sensient Technologies Corporation (In thousands) (Unaudited) Consolidated Condensed Balance Sheets June 30, December 31, 2025 2024 Cash and cash equivalents $ 56,686 $ 26,626 Trade accounts receivable 333,951 290,087 Inventories 619,595 600,302 Prepaid expenses and other current assets 54,221 44,871 Fixed assets held for sale 1,629 - Total Current Assets 1,066,082 961,886 Goodwill & intangible assets (net) 451,942 423,658 Property, plant, and equipment (net) 515,469 491,587 Other assets 171,068 146,663 Total Assets $ 2,204,561 $ 2,023,794 Trade accounts payable $ 121,442 $ 139,052 Short-term borrowings 26,280 19,848 Other current liabilities 103,402 111,739 Total Current Liabilities 251,124 270,639 Long-term debt 710,119 613,523 Accrued employee and retiree benefits 26,865 24,499 Other liabilities 59,332 54,147 Shareholders' Equity 1,157,121 1,060,986 Total Liabilities and Shareholders' Equity $ 2,204,561 $ 2,023,794 Expand Sensient Technologies Corporation (In thousands, except per share amounts) (Unaudited) Consolidated Statements of Cash Flows Six Months Ended June 30, 2025 2024 Cash flows from operating activities: Net earnings $ 72,049 $ 61,872 Adjustments to arrive at net cash provided by operating activities: Depreciation and amortization 30,334 29,725 Share-based compensation expense 6,639 4,911 Net loss (gain) on assets 76 (195 ) Portfolio Optimization Plan costs 1,274 1,495 Deferred income taxes 2,711 529 Changes in operating assets and liabilities: Trade accounts receivable (30,293 ) (49,449 ) Inventories (548 ) 36,730 Prepaid expenses and other assets (11,028 ) (6,612 ) Trade accounts payable and other accrued expenses (17,578 ) (22,722 ) Accrued salaries, wages, and withholdings (15,129 ) 7,824 Income taxes (937 ) (6,591 ) Other liabilities 1,734 1,429 Net cash provided by operating activities 39,304 58,946 Cash flows from investing activities: Acquisition of property, plant, and equipment (38,035 ) (22,850 ) Proceeds from sale of assets 56 296 Acquisition of new business (4,867 ) - Other investing activities 1,354 (336 ) Net cash used in investing activities (41,492 ) (22,890 ) Cash flows from financing activities: Proceeds from additional borrowings 106,484 132,189 Debt payments (43,148 ) (120,571 ) Dividends paid (34,700 ) (34,685 ) Other financing activities (2,648 ) (3,016 ) Net cash provided by (used in) financing activities 25,988 (26,083 ) Effect of exchange rate changes on cash and cash equivalents 6,260 (8,568 ) Net increase in cash and cash equivalents 30,060 1,405 Cash and cash equivalents at beginning of period 26,626 28,934 Cash and cash equivalents at end of period $ 56,686 $ 30,339 Supplemental Information Six Months Ended June 30, 2025 2024 Dividends paid per share $ 0.82 $ 0.82 Expand Sensient Technologies Corporation (In thousands, except percentages and per share amounts) (Unaudited) Reconciliation of Non-GAAP Amounts 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. Three Months Ended June 30, Six Months Ended June 30, 2025 2024 % Change 2025 2024 % Change Operating income (GAAP) $ 57,706 $ 49,657 16.2 % $ 111,236 $ 99,063 12.3 % Portfolio Optimization Plan costs – Cost of products sold 1,789 207 3,603 314 Portfolio Optimization Plan costs – Selling and administrative expenses 1,550 1,545 2,600 4,250 Adjusted operating income $ 61,045 $ 51,409 18.7 % $ 117,439 $ 103,627 13.3 % Net earnings (GAAP) $ 37,587 $ 30,932 21.5 % $ 72,049 $ 61,872 16.4 % Portfolio Optimization Plan costs, before tax 3,339 1,752 6,203 4,564 Tax impact of Portfolio Optimization Plan costs (1) (815 ) (214 ) (1,517 ) (569 ) Adjusted net earnings $ 40,111 $ 32,470 23.5 % $ 76,735 $ 65,867 16.5 % Diluted earnings per share (GAAP) $ 0.88 $ 0.73 20.5 % $ 1.69 $ 1.46 15.8 % 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. (1) 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, Adjusted Adjusted Operating Income 2025 Adjustments (2) 2025 2024 Adjustments (2) 2024 Flavors & Extracts $ 28,506 $ - $ 28,506 $ 26,209 $ - $ 26,209 Color 38,922 - 38,922 31,502 - 31,502 Asia Pacific 8,943 - 8,943 7,880 - 7,880 Corporate & Other (18,665 ) 3,339 (15,326 ) (15,934 ) 1,752 (14,182 ) Consolidated $ 57,706 $ 3,339 $ 61,045 $ 49,657 $ 1,752 $ 51,409 Results by Segment Six Months Ended June 30, Adjusted Adjusted Operating Income 2025 Adjustments (2) 2025 2024 Adjustments (2) 2024 Flavors & Extracts $ 53,495 $ - $ 53,495 $ 49,887 $ - $ 49,887 Color 73,774 - 73,774 63,181 - 63,181 Asia Pacific 18,385 - 18,385 16,656 - 16,656 Corporate & Other (34,418 ) 6,203 (28,215 ) (30,661 ) 4,564 (26,097 ) Consolidated $ 111,236 $ 6,203 $ 117,439 $ 99,063 $ 4,564 $ 103,627 (2) Adjustments consist of Portfolio Optimization Plan costs. Expand Sensient Technologies Corporation (Unaudited) Reconciliation of Non-GAAP Amounts - Continued 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 Revenue Total Foreign Exchange Rates Adjustments (3) Local Currency Adjusted Flavors & Extracts (2.8 %) 0.4 % N/A (3.2 %) Color 6.9 % 0.3 % N/A 6.6 % Asia Pacific 10.8 % 3.2 % N/A 7.6 % Total Revenue 2.7 % 0.6 % N/A 2.1 % Operating Income Flavors & Extracts 8.8 % 0.2 % 0.0 % 8.6 % Color 23.6 % 1.5 % 0.0 % 22.1 % Asia Pacific 13.5 % 5.5 % 0.0 % 8.0 % Corporate & Other 17.1 % 0.0 % 9.0 % 8.1 % Total Operating Income 16.2 % 1.9 % (2.6 %) 16.9 % Diluted Earnings Per Share 20.5 % 1.3 % (1.6 %) 20.8 % Adjusted EBITDA 15.4 % 1.3 % N/A 14.1 % Six Months Ended June 30, 2025 Revenue Total Foreign Exchange Rates Adjustments (3) Local Currency Adjusted Flavors & Extracts (1.3 %) (0.4 %) N/A (0.9 %) Color 5.9 % (1.5 %) N/A 7.4 % Asia Pacific 7.3 % 1.1 % N/A 6.2 % Total Revenue 2.3 % (0.8 %) N/A 3.1 % Operating Income Flavors & Extracts 7.2 % (0.3 %) 0.0 % 7.5 % Color 16.8 % (1.0 %) 0.0 % 17.8 % Asia Pacific 10.4 % 2.9 % 0.0 % 7.5 % Corporate & Other 12.3 % 0.0 % 4.2 % 8.1 % Total Operating Income 12.3 % (0.3 %) (1.0 %) 13.6 % Diluted Earnings Per Share 15.8 % 0.0 % (0.2 %) 16.0 % Adjusted EBITDA 11.7 % (0.4 %) N/A 12.1 % (3) Adjustments consist of Portfolio Optimization Plan costs. Expand Sensient Technologies Corporation (In thousands, except percentages) (Unaudited) Reconciliation of Non-GAAP Amounts - Continued 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. Three Months Ended June 30, Six Months Ended June 30, 2025 2024 % Change 2025 2024 % Change Operating income (GAAP) $ 57,706 $ 49,657 16.2 % $ 111,236 $ 99,063 12.3 % Depreciation and amortization 15,260 15,016 30,334 29,725 Share-based compensation expense 3,739 2,916 6,639 4,911 Portfolio Optimization Plan costs, before tax 3,339 1,752 6,203 4,564 Adjusted EBITDA $ 80,044 $ 69,341 15.4 % $ 154,412 $ 138,263 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, Debt 2025 2024 Short-term borrowings $ 26,280 $ 26,995 Long-term debt 710,119 634,663 Credit Agreement adjustments (4) (43,393 ) (18,034 ) Net Debt $ 693,006 $ 643,624 Operating income (GAAP) $ 203,752 $ 151,657 Depreciation and amortization 60,938 58,955 Share-based compensation expense 11,812 9,078 Portfolio Optimization Plan costs, before tax 8,270 32,405 Other non-operating gains (5) (816 ) (872 ) Credit Adjusted EBITDA $ 283,956 $ 251,223 Net Debt to Credit Adjusted EBITDA 2.4x 2.6x (4) 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. (5) 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. Expand Category: Earnings Source: Sensient Technologies Corporation
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The gross margin and operating margin forecasts are given assuming the midpoint in the revenue forecast. Consolidated forecasts for the nine months ending September 30, 2025(January 1, 2025 to September 30, 2025) In millions of yen Non-GAAPRevenue Non-GAAP Gross Margin Non-GAAP Operating Margin Previous forecasts --- --- --- Forecasts as ofJuly 25, 2025 955,914to 970,914 56.7% 27.5% Increase (decrease) --- --- --- Percentage change --- --- --- Reference: Corresponding period of the previous year (January 1, 2024 to September 30, 2024) 1,055,879 56.4% 30.5% Note: Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments from GAAP (IFRS basis) figures following a certain set of rules. The Group believes non-GAAP measures provide useful information in understanding and evaluating the Group's constant business results, and, therefore, forecasts are provided on a non-GAAP basis. 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(FORWARD-LOOKING STATEMENTS) The statements in this press release with respect to the plans, strategies and financial outlook of Renesas and its consolidated subsidiaries (collectively "we") are forward-looking statements involving risks and uncertainties. Such forward-looking statements do not represent any guarantee by management of future performance. In many cases, but not all, we use such words as "aim," "anticipate," "believe," "continue," "endeavor," "estimate," "expect," "initiative," "intend," "may," "plan," "potential," "probability," "project," "risk," "seek," "should," "strive," "target," "will" and similar expressions to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements discuss future expectations, identify strategies, contain projections of our results of operations or financial condition, or state other forward-looking information based on our current expectations, assumptions, estimates and projections about our business and industry, our future business strategies and the environment in which we will operate in the future. Known and unknown risks, uncertainties and other factors could cause our actual results, performance or achievements to differ materially from those contained or implied in any forward-looking statement, including, but not limited to, general economic conditions in our markets, which are primarily Japan, North America, Asia, and Europe; demand for, and competitive pricing pressure on, products and services in the marketplace; ability to continue to win acceptance of products and services in these highly competitive markets; and fluctuations in currency exchange rates, particularly between the yen and the U.S. dollar. Among other factors, downturn of the world economy; deteriorating financial conditions in world markets, or deterioration in domestic and overseas stock markets, may cause actual results to differ from the projected results forecast. This press release is based on the economic, regulatory, market and other conditions as in effect on the date hereof. It should be understood that subsequent developments may affect the information contained in this presentation, which neither we nor our advisors or representatives are under an obligation to update, revise or affirm. View source version on Contacts Media Contact:Corporate Communications Office+81 3-6773-3001pr@ Investor Relations Contact: Investor Relations+81 3-6773-3002ir@