MILWAUKEE--(BUSINESS WIRE)--Sensient Technologies Corporation (NYSE: SXT) reported third quarter adjusted earnings per share from continuing operations of 78 cents, an increase of 8.3% over last year’s adjusted earnings per share from continuing operations of 72 cents. Consolidated revenue was $364.5 million and $370.5 million in the third quarters of 2014 and 2013, respectively. Adjusted operating income increased 2.5% to $57.1 million compared to $55.7 million of adjusted operating income reported in the third quarter of 2013. Sensient’s adjusted operating margin increased 70 basis points to 15.7% in the third quarter. The adjusted results eliminate the impact of the 2014 and 2013 restructuring and other costs, which are discussed in more detail below. As reported, diluted earnings per share from continuing operations were 47 cents and 64 cents in the third quarters of 2014 and 2013, respectively. Reported operating income was $36.1 million in this year’s third quarter compared to $49.1 million in last year’s third quarter. Operating income was reduced by restructuring costs of $21.0 million and $6.6 million, in the third quarters of 2014 and 2013, respectively. As reported, operating margins were 9.9% in the third quarter of this year and 13.3% in last year’s third quarter. Foreign currency translation did not have a significant effect on either revenue or operating income in the quarter.
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