8-K

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

February 11, 2008
(Date of Report/Date of earliest event reported)

SENSIENT TECHNOLOGIES CORPORATION

(Exact name of registrant as specified in its charter)

WISCONSIN
(State or other jurisdiction
of incorporation) 1-7626
(Commission File Number) 39-0561070
(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:

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

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

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

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

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On February 11, 2008, Sensient Technologies Corporation issued a press release disclosing its results of operations for its quarter and fiscal year ended December 31, 2007 and its financial condition at that date. The press release is furnished as Exhibit 99.1 to this Report on
Form 8-K.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit 99.1: The following exhibit is furnished with this Report on Form 8-K: Sensient Technologies Corporation Earnings Press Release for the Quarter and Fiscal Year Ended December 31, 2007

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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 (Registrant)
By:	/s/ John L. Hammond
Name:		John L. Hammond
Title:		Vice President, Secretary and General Counsel
Date: February 11, 2008

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EXHIBIT INDEX

Exhibit 99.1: The following exhibit is furnished with this Report on Form 8-K: Sensient Technologies Corporation Earnings Press Release for the Quarter and Fiscal Year Ended December 31, 2007

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Contact:	Dick Hobbs
	(414) 347-3836

Sensient Technologies Corporation
Reports Earnings for the Quarter and Year Ended December 31, 2007

Earnings per Share Increase 18.2% in the Fourth Quarter

Quarterly Cash Flow up 33.7%

     MILWAUKEE—February 11, 2008—Sensient Technologies Corporation (NYSE: SXT) reported that diluted earnings per share for the fourth quarter of 2007 rose 18.2% to 39 cents, compared to 33 cents in last year’s fourth quarter. Diluted earnings per share for the twelve months ended December 31, 2007, were up 14.6% to $1.65, compared to $1.44 in 2006.

     Revenue reached a record level of $300.9 million for the fourth quarter, up 10.3% from the comparable period in 2006. Revenue for the twelve months ended December 31, 2007, was $1.2 billion, an increase of 7.8% over the prior year. Foreign currency translation had a favorable impact on revenue of 5% and 4%, respectively, for the fourth quarter and year.

     Cash provided by operating activities increased 33.7% in the fourth quarter to $24.5 million, compared to $18.4 million in the prior year’s comparable period. For the year, cash provided by operating activities was $105.2 million, an increase of 6.0% in comparison to $99.2 million in the prior year.

     “This quarter marks our eighth consecutive quarter of strong earnings growth,” said Kenneth P. Manning, Chairman and CEO of Sensient Technologies Corporation. “We had an outstanding year. Each of our operating groups contributed to the excellent results, and we expect our businesses to perform well in 2008.”

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Sensient Technologies Corporation	Page 2
Earnings Release — Year ended December 31, 2007
February 11, 2008

BUSINESS REVIEW

     The Flavors & Fragrances Group reported record fourth quarter revenue and operating income. Revenue for the quarter increased 7.7% to $199.4 million, compared to $185.0 million in last year’s comparable period. Fourth quarter operating income was up 11.3% to $30.1 million, compared to $27.0 million in the fourth quarter of 2006. Revenue for the twelve months ended December 31, 2007, increased 6.9% to $783.7 million, and operating income was up 12.3% to $117.3 million. Group revenue for the quarter and twelve month period benefited from favorable foreign currency translation and from improved pricing and higher volumes. Operating income for both periods rose on the higher sales. Group operating margins in 2007 improved 80 basis points to 15.0%.

     The Color Group’s fourth quarter revenue increased 14.7% to $95.6 million, compared to $83.4 million in last year’s comparable period. Operating income for the quarter was up 20.3% to $16.6 million, compared to $13.8 million reported in the fourth quarter of 2006. Revenue for the twelve months ended December 31, 2007, increased 7.9% to $377.9 million and operating income was up 12.7% to $67.0 million. Color Group revenue for the quarter and year reflects favorable foreign currency translation and solid volume growth in food and beverage colors. Volume growth in cosmetic colors was also strong. Group operating margins in 2007 improved 70 basis points to 17.7%.

2008 OUTLOOK

     Sensient has increased its 2008 diluted earnings per share guidance to be within a range of $1.74 to $1.78. The previous range for guidance had been between $1.73 and $1.77.

CONFERENCE CALL

     The company will host a conference call to discuss its 2007 fourth quarter and full year financial results at 10:00 a.m. CST on Monday, February 11, 2008. To make a reservation for the conference call, please contact InterCall Teleconferencing at (706) 645-6973 and refer to the Sensient Technologies Corporation conference call.

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Sensient Technologies Corporation	Page 3
Earnings Release — Year ended December 31, 2007
February 11, 2008

     A replay will be available beginning at 1:00 p.m. CST on February 11, 2008, through midnight on February 18, 2008, by calling (706)
645-9291 and referring to passcode 32292211. A transcript of the call will also be posted on the company’s web site at www.sensient-tech.com after the call concludes.

     This release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995) that reflect management’s current assumptions and estimates of future economic circumstances, industry conditions, company performance and financial results. A variety of factors could cause the company’s actual results and experience to differ materially from the anticipated results, including, but not limited to the factors noted in this press release and in the Management’s Discussion and Analysis in our most recently filed annual report on Form 10-K for the year ended December 31, 2006, and quarterly report on Form 10-Q for the quarter ended September 30, 2007. The forward-looking statements in this press release speak only as to the date of this release. Sensient Technologies Corporation expressly disclaims any obligation or undertaking to release publicly any updates or revisions to such statements to reflect any change in its expectations upon which such statements are based.

ABOUT SENSIENT TECHNOLOGIES

     Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors and fragrances. Sensient employs advanced technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, inkjet and specialty inks and colors, and other specialty chemicals. The company’s customers include major international manufacturers representing some of the world’s best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.

     www.sensient-tech.com

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Sensient Technologies Corporation
(In thousands, except percentages and per share amounts) Page 4

Consolidated Statements of Earnings

	Three Months Ended December 31,						Twelve Months Ended December 31,
	2007		2006		% Change		2007		2006		% Change
Revenue	$	300,889	$	272,760		10.3	$	1,184,778	$	1,098,774		7.8
Cost of products sold		208,199		189,036		10.1		822,479		766,506		7.3
Selling and administrative expenses		57,652		53,891		7.0		214,929		202,991		5.9
Operating income		35,038		29,833		17.4		147,370		129,277		14.0
Interest expense		8,765		8,969				36,127		35,748
Earnings before income taxes		26,273		20,864		25.9		111,243		93,529		18.9
Income taxes		7,849		5,497				33,457		27,104
Net earnings	$	18,424	$	15,367		19.9	$	77,786	$	66,425		17.1
Earnings per common share:
Basic	$	0.39	$	0.33		18.2	$	1.66	$	1.45		14.5
Diluted	$	0.39	$	0.33		18.2	$	1.65	$	1.44		14.6
Average common shares outstanding:
Basic		47,077		46,031		2.3		46,740		45,900		1.8
Diluted		47,655		46,511		2.5		47,257		46,204		2.3

Results by Segment

	Three Months Ended December 31,								Twelve Months Ended December 31,
Revenue	2007			2006			% Change		2007			2006			% Change
Flavors & Fragrances	$	199,387		$	185,046			7.7	$	783,717		$	733,421			6.9
Color		95,620			83,372			14.7		377,864			350,174			7.9
Corporate & Other		12,753			10,672			19.5		50,980			41,301			23.4
Intersegment elimination		(6,871	)		(6,330	)		8.5		(27,783	)		(26,122	)		6.4
Consolidated	$	300,889		$	272,760			10.3	$	1,184,778		$	1,098,774			7.8
Operating Income
Flavors & Fragrances	$	30,054		$	27,001			11.3	$	117,299		$	104,457			12.3
Color		16,628			13,824			20.3		66,950			59,384			12.7
Corporate & Other		(11,644	)		(10,992	)		5.9		(36,879	)		(34,564	)		6.7
Consolidated	$	35,038		$	29,833			17.4	$	147,370		$	129,277			14.0

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Page 5

Sensient Technologies Corporation
(In thousands, except per share amounts)

Consolidated Condensed Balance Sheets

December 31,	2007		2006
Current assets	$	610,044	$	551,702
Goodwill and intangibles (net)		491,400		463,701
Property, plant and equipment (net)		418,334		391,456
Other assets		44,404		47,208
Total Assets	$	1,564,182	$	1,454,067
Current liabilities	$	229,273	$	260,610
Long-term debt		449,621		441,306
Accrued employee and retiree benefits		44,197		43,957
Other liabilities		26,670		4,090
Shareholders’ equity		814,421		704,104
Total Liabilities and Shareholders’ Equity	$	1,564,182	$	1,454,067

Consolidated Statements of Cash Flows

Twelve Months Ended December 31,	2007			2006
Net cash provided by operating activities	$	105,205		$	99,217
Cash flows from investing activities:
Acquisition of property, plant and equipment		(41,961	)		(39,314	)
Proceeds from sale of assets		2,291			3,321
Other investing activity		451			2,152
Net cash used in investing activities		(39,219	)		(33,841	)
Cash flows from financing activities:
Proceeds from additional borrowings		136,859			247,483
Debt payments		(181,680	)		(290,992	)
Purchase of treasury stock		(1,267	)		(4,563	)
Dividends paid		(32,017	)		(28,292	)
Proceeds from options exercised and other equity transactions		16,693			7,681
Net cash used in financing activities		(61,412	)		(68,683	)
Effect of exchange rate changes on cash and cash equivalents		913			1,274
Net increase (decrease) in cash and cash equivalents		5,487			(2,033	)
Cash and cash equivalents at beginning of year		5,035			7,068
Cash and cash equivalents at end of year	$	10,522		$	5,035

Supplemental Information

Twelve Months Ended December 31,	2007		2006
Depreciation and amortization	$	44,312	$	43,044
Dividends per share	$	0.68	$	0.61

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