expense 3,104 1,648 10,084 8,933
Portfolio
Optimization
Plan costs,
before tax 856 27,841 6,631 27,841
------- ------- ------- -------
Adjusted EBITDA $ 61,100 $ 52,012 17.5% $268,623 $249,617 7.6%
======= ======= ======== ======= ======= ========
The following table summarizes the reconciliation between Debt (GAAP) and Net Debt,
and Operating Income (GAAP) and Credit Adjusted EBITDA for the year ended December
31, 2024 and 2023.
Year Ended December 31,
-----------------------
Debt 2024 2023
------------ ---------
Short-term
borrowings $ 19,848 $ 13,460
Long-term debt 613,523 645,085
Credit Agreement
adjustments(4) (13,129) (16,743)
------- -------
Net Debt $620,242 $641,802
======= =======
Operating income
(GAAP) $191,579 $155,023
Depreciation and
amortization 60,329 57,820
Share-based
compensation
expense 10,084 8,933
Portfolio
Optimization
Plan costs,
before tax 6,631 27,841
Other
non-operating
gains(5) (905) (762)
------- -------
Credit Adjusted
EBITDA $267,718 $248,855
======= =======
Net Debt to Credit 2.3x 2.6x
Adjusted EBITDA
(4) Adjustments include cash and cash equivalents, as described in the Company's
Third 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.
Category: Earnings
View source version on businesswire.com: https://www.businesswire.com/news/home/20250213674414/en/
CONTACT: Amy Agallar
(414) 347-3706
investor.relations@sensient.com
(END) Dow Jones Newswires
February 14, 2025 06:55 ET (11:55 GMT)
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